There is no doubt that the crypto-economy is here to stay. The blockchain technology has unlocked a world of possibilities only imagined. The year 2017 has launched the blockchain technology, especially the cryptocurrency, to worldwide appeal. This has created a boom in the development of different blockchain projects with varied scale and focus. It is apparent though, the growth of a lot of these projects is limited by the present technology available, be it existing blockchain, operators or networks.
MetaHash developers have come up with this fantastic platform with innovations to tackle a whole lot of the issues plaguing the present and near future blockchain, operators and enhancing the performance of networks. This innovation introduces some specialized products. They include #MetaApps, #MetaGate, #TrainChain, and #MetaCash Coin into the platform for providing the needed solutions.
The #MetaHash Team believes in the future of cryptocurrencies. The #MetaHash platform represents all the blockchain-powered opportunities of the future embodied in a single project.
In this article, we will explain how #MetaHash has laid out solutions to the prominent problems affecting the present cryptocurrency environment. The Problems identified are actually embedded in the programs of the existing blockchain, blockchain operator or the blockchain network. Therefore the correction will need some changes to such configurations. Here are the issues.
There is a strong need for a change. The present crypto-economy space needs changes in some areas.
You will agree that the present systems need a significantly increase the number of transactions per day. Most systems at present require the ability to send a transaction free of charge. Most operations utilize PoW mining strategy and need to change to multi-PoS (forging). There is the frightening panic of Money attack. This scare or panic could interfere with the network and seriously need protection. Further, there is a need to increase the speed of transaction approval as more and more adoptions of cryptocurrency occur. There is also the need to actualize the inherent instrument of "tokenization" of any benefits.
The changes are very important
The implementation of the changes mentioned above, will allow cryptocurrencies to come into the real world; create the ability for the use #MetaHash-Coins for micro-transactions; make mining limits possible through increased transaction speeds of the network and requires expensive resources to protect the network; bring about the growth of cryptocurrency capitalization which will inevitably reduce the growth number of hackers trying to block the network's operations. Further, the changes will enable the ability to exchange digital assets used by blockchain networks making the technology available to people who do not have special programming skills. This contributes to faster introduction of the technology in the social circle.
What the Existing cryptocurrencies can perform
The existing platforms have the capacity to process a maximum of 2 million transactions per day. Charges could be often up to $80, or even $400 per transaction including the reward to miners. The existing platforms are dependent on hardware that costs billions of dollars, wastes electricity and pay billions to miners. Also of note is that less than 1% of the current capital of ALL leading cryptocurrencies is enough to block their work. The present cryptos can carry out minimum 30 seconds for first approval and minimum 1.5 minutes for final approval. At present, the best solution existing cryptocurrency platforms offer can only allow the creation of tokens if you have advanced programming skills, and can result in loss of money. It has been indicated that the smart contract technology is not transparent to people who do not know programming.
The #MetaHash solution
After evaluating the issues of the present cryptocurrency performance, the Metahash Development team came out with the #MetaHash solution. Here are the solutions the project brings. (1) The #MetaHash will do More than 5 billion transactions per day. (2) Free for the user for most transactions. Fees appear as network load grows to protect the network against spam transactions. (3) Forging #MetaHashCoins with nodes and wallets provides the most important resources and eliminates pointless ones. (4) An additional verification step provided by wallets will not allow hackers to block or corrupt the network, even if they possess 67% of nodes or coins. Speed of approvals on the #MetaHash will be 1 second for first approval and under 3 seconds for final approval for most transactions. (5) Any asset, even other networks' cryptocurrencies, can be instantly "tokenized" in #MetaHash without knowledge of programming. Token information is simple and easy to understand.
Conclusion
Cryptocurrency is the future of transaction. Now is the time to move ahead with the technology. #MetaHash development is taking up the next level operations of the cryptocurrency. #MetaHash represents the future of cryptocurrency development.
Follow the developments through the links below.
Website: https://metahash.org/
Whitepaper: https://static.metahash.org/docs/MetaHash_WhitePaper_EN.pdf?v=4
Social media: https://t.me/metahash_ENG ; https://www.facebook.com/MetaHash/ ; https://twitter.com/themetahash ; https://www.reddit.com/user/MetaHash/ ; https://www.linkedin.com/company/27209614/
Author: MainIbem
ETH: 0xCE957de5c671e914604e8C0d0842Ebf8444F6144