MetaHash, sometimes written as #MetaHash in promotional materials, is a new blockchain that is positioning itself to be a high-speed, low-cost alternative to existing blockchains like Bitcoin and Ethereum. With its own digital token (MetaHashCoin, or MHC), its support for smart contracts, decentralized apps (DApps), and a browser-based cloud service to access those DApps, MetaHash certainly seems to be an ambitious project indeed.
#MetaHash is a next-generation network based on the Blockchain 2.0 technology for sharing digital assets and a platform for creating and managing decentralized apps and services in real-time. #TraceChain: the fastest and most secure Blockchain More than five billion transactions per day, no more than three seconds to validate a transaction #MetaApps: New generation of Smart Contracts Decentralized real-time applications that are operated like regular web services and developed with the help of any programming language including C ++, PHP, Solidity and others #MetaGate: Decentralized Internet Decentralized apps directory and a multi-asset wallet that won't overload your computer #MetaHashCoin: MetaHash network exchange asset #MetaHashCoin is used to ensure the reliability of the network, exchange services and regulate its self-financing and development.
About MetaHash
The #MetaHash network consists of four parts:
The solution to the speed problem is based on an automatic self-learning algorithm for routing signals over the network. Starting at a rate of 50,000 transactions per second (the capability of a 100-megabit channel), it grows as more nodes with higher bandwidth are added to the network forming the core of the network and improving the reliability of additional #DataChains which are needed for running applications.
Nodes added to the #MetaHash network are used by decentralized applications. The core code of #MetaApps optimizes the location of application copies based on required resources and financial motivation of the owners of nodes connected to the network. Any developer can create and publish an application in #MetaApps, and #MetaHashCoin holders will decide by open vote whether or not to approve it, reflecting the universal values of all the network members.
This is an open source interface using the #TraceChain protocol making it possible to work with #MetaApps and networks. Third-party developers can use the #MetaGate code to embed #MetaApps and #TraceChain/blockchain features into various applications and browsers.
The network's digital payment currency. It is used to ensure consensus, to pay for all network services and to control self-financing.
How It Works
Speed
- Up to 3 seconds to confirm a transaction with cores
- More than 5 billiontransactions per day
- 1 node can handle more than 100,000 transactions per second
- Machine learning algorithm that defines the roles of nodes and their distribution across the network
Reliability
- Each transaction is protected by 5 different consensus algorithms
- It's impossible to gain control over the network even with a budget of billions of dollars
- Real decentralization amongst real people rather than groups of dominant pools with gigantic mining farms
Blockchain Interoperability
- Send transfers from #MetaHash directly to other networks
- Digital assets (tokens) of other networks can be used in the #MetaHash network - even Bitcoin, Ethereum and ERC20
- Any asset can be converted into a #MetaHashCoin
- #MetaHashCoins (#MHC) can be transferred to the Ethereum or Waves networks and sent back through mirrored smart contracts
MetaHash Decentralized Apps Blockchain Opportunity
Investing in MetaHash provides opportunities to be one of the first to hold this new digital asset in the hopes that it will increase in valuation once its blockchain and DApp database is available to the wider public. The value of this opportunity is, of course, highly variable depending on your own investment goals; it’s also dependent on whether you want to simply invest in the token or if you want to eventually use the blockchain’s platform to write smart contracts or develop DApps of your own. If the latter is the case, MetaHash may be of more interest to you than a simple investment.
Detail MetaHash Token Sale
Token: MHC
Platform: Ethereum
Type: ERC20
Price in ICO 1 MHC = 0.0391 USD
Tokens for sale: 20,240,000
Accepting: ETH, BTC
Soft cap 36,000,000 USD
Hard cap 36,000,000 USD
MetaHash Verdict
As we mentioned above, MetaHash is a very ambitious project. It’s certainly indicative of the direction the cryptocurrency community is heading in trying to branch off from older, existing blockchains that are stagnating due to low scalability and a lack of smart contract or DApp functionality, Bitcoin being the biggest offender in this case, but in doing so they face a major uphill battle when it comes to widespread adoption.
For all its flaws (and its price fluctuations), Bitcoin is not going away any time soon. That’s why any new cryptocurrency that claims to be the one that has the chops to supplant Bitcoin is going to need an absolutely herculean amount of effort to push the king off its throne.
We’re not sure if MetaHash will be the one that will be able to accomplish this goal. While it may look good on paper, the blockchain is still in the early development stages and is completely and totally unproven. This means that, if you do want to invest in MetaHash, it will be more from being a true believer hoping for a moonshot victory sometime in the future than someone looking to make a quick buck by investing in penny-ante cryptos.
For more information, please visit the link below:
Author: safazara
Website : https://metahash.org/
Whitepaper : https://metahash.org/docs/MetaHash_WhitePaper_EN.pdf
Facebook : https://www.facebook.com/MetaHash/
Twitter : https://twitter.com/themetahash
Telegram: https://t.me/metahash_eng
Ann Thread : https://bitcointalk.org/index.php?topic=4342587.0
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1783327
mytherwallet: 0xb7cA53C6b42E6B8a5bEFA6d3C4B24Bf8ce6c82bD