As blockchain technology spreads beyond the financial industry to various fields, the security of cryptocurrencies, which are the core of digital assets, is emerging as a more important value than anything else. In particular, at a time when the demand for blockchain technology with stable systems and scalability is increasing, the Metacoin network created by InBlock is attracting attention for its differentiated security technology. Metacoin, the first mainnet project based on the open source of Hyperledger Fabric, provides the advanced technology foundation necessary for the virtual asset industry.
The Metacoin network utilizes a modular architecture to apply essential security and custody technologies for the financial industry to applications and solutions. In addition, core technology elements such as consensus and membership services are implemented in a plug-and-play manner, designed to make it easy for large companies to quickly and safely introduce blockchain. This is the result of making the most of the features of Hyperledger, which is evaluated as the most practical blockchain technology in existence. Hyperledger, a blockchain open source project hosted by the Linux Foundation, is a standardization project for a distributed ledger for a wide range of industries in which IT companies and financial institutions around the world are jointly participating, and it presents a technology standard that can be universally introduced to various industries.
One of the most powerful features of Metacoin is its overwhelming security. Nodes essential for mainnet operation and cold wallets for storing virtual assets were installed on IBM’s high-performance server LinuxONE. Through this, Metacoin’s security rating boasts the world’s highest level, meeting the international Common Criteria (CC) EAL5+. This is because IBM LinuxONE is a mainframe with the highest security rating used in the financial sector. While there is analysis that a significant number of cryptocurrency frauds are committed by insiders, LinuxONE has a strong security system that cannot be manipulated even by internal developers, and is designed so that information cannot be read from the outside even if it is extracted from the mainframe, fundamentally blocking the risk of hacking.
Hyperledger Fabric has evolved through technological advancements, and with the release of version 2.0, distributed node configuration has become possible. Metacoin is the first Hyperledger Fabric-based node decentralization project that distributes node operation rights in the Metacoin network to realize more reliable network operation. InBlock officials emphasize that the Metacoin platform is optimized for private blockchain enterprise ecosystem operation, making it easy for enterprises to participate in nodes and form consortiums according to their business goals. In fact, several enterprises have already recognized the security and technical capabilities of InBlock Metacoin and have signed technical agreements or are in the process of discussing them, and InBlock has stated that it will further expand the Metacoin network in the future.