Recently, a major issue in the research of metadata is the standardization of metadata format. The new extension capability of metadata in the standardization requires some changes - storing and managing dynamic data consistently. In this paper, we define the characteristics of new metadata and propose a concurrency control called Two Version Latch (2VL). 2VL uses a latch and maintains two versions. Maintaining two versions using latch minimizes conflicts between read operation and write operation. The removal of unnecessary lock holding minimizes refresh latency. Therefore, this algorithm presents fast response time and recent data retrieval in read operation execution. As a result of the performance evaluation, the 2VL algorithm is shown to be better than other algorithms in metadata management system.