Converting from proof-of-work (PoW) to proof-of-stake (PoS) consensus, commonly called the Merge, has fundamentally changed the way by which the Ethereum network validates transactions, adds blocks, and rewards network participants. As a result, computation intensive block mining is no longer needed, and the network’s electricity consumption, by some estimates, will be reduced by over 99.9%. This white paper outlines the four-step methodology that Metaverse Green Exchange (MVGX) uses to...
White Papers
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The MVGX platform is operated by MetaVerse Green Exchange Pte. Ltd. (“MVGX”) and its subsidiaries, including MetaComp Pte. Ltd. (“MetaComp”). MVGX is regulated by the Monetary Authority of Singapore as a Capital Markets Services (CMS) licensee for Dealing in Capital Markets Products, providing custodial services, and a Recognised Market Operator (RMO). MVGX only serves non-retail customers (i.e accredited investors and institutional investors) under its RMO status and CMS license in Singapore. The provision of digital payment token services, including the operation of a Digital Payment Token Platform, under the MVGX platform is undertaken by MetaComp, which has obtained the Major Payment Institution (MPI) licence under the Payment Services Act.