METAHASH COMPONENTS
Four components of the system form a single, synergistic solution that allows complex decentralized applications to work in a real-time mode, even with high system loads. The technical complexity of the system is hidden behind a user-friendly interface, making it accessible to ordinary users.Metahash consist of four components and this components would be listed below;
#TraceChain
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#DataChainswhich are needed for running applications.
#MetaApps
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.
#MetaGate
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.
#MetaHashCoin
The network’s digital payment currency. It is used to ensure consensus, to pay for all network services and to control self-financing. Recognised by FINMA on July 3, 2018 as Utility token with payment function. #MHCtokens are qualified as payment means in accordance with the AntiMoney Laundering Act.
#TraceChain
#TraceChain is the new internet protocol that the #MetaHash network is based on. #TraceChain uses a mathematical model of optimal signal propagation across the network. The synchronization of thousands of computers overloads a network and slows it down. To solve this issue,#TraceChain relies on mathematical algorithms powered by #TraceChainAI — all signals go from the outer radius to the cores. The signals are synchronized in multiple powerful cores and go back across the network. The more computers that need to be simultaneously synchronized, the higher the load on the network. The cores are not static and are constantly altered by voting. Adding high-performance computers to the network does not automatically make them cores, which protects the network against attacks. The core’s segments are fully decentralized and protected by Trust algorithms and additional verifications. The performance of the network core’s segments is checked and protected by external radiuses.
What Makes #TraceChain Stand Out From Existing Projects?
They couldn’t find any project focused on creating a fully decentralized and synchronized network capable of quickly processing data on a large-scale, global basis, so they created #MetaHash.
Many of the current projects feature clear and useful ways of application yet fail to fully meet the needs of the market. #MetaHash offers a solution that ticks all the boxes as a next-generation blockchain platform:
Full decentralization: You should never trust a network that is not decentralized enough.
Full synchronization: If high speed and sufficient bandwidth are achieved through reduced network synchronization, transferring data between network parts will eventually become problematic, outweighing the benefit.
Transaction speed under three seconds: The longer a transaction takes, the less convenient it is to use the system, and the more difficult it is for decentralized applications to run in full capacity. High bandwidth The amount of transactions per second is not just another number.
High bandwidth: allows the network to keep transaction prices low because it has sufficient resources to process more transactions per unit of time.
Low prices: The lower the transaction price, the more potential customers are interested in using the platform to store their financial transaction info and technical data.
HOW IT WORKS
Speed
Up to 3 seconds to confirm a transaction with cores
More than 5 billion transactions 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 #MetaHashnetwork — even Bitcoin, Ethereum and ERC20Any 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.
THANKS FOR READING.
To know more about this platform ;
Official Website: https://metahash.org
Whitepaper: https://static.metahash.org/docs/MetaHash_WhitePaper_EN.pdf?v=4
Telegram: https://t.me/metahash_ENG
Twitter: https://twitter.com/themetahash
Facebook: https://www.facebook.com/MetaHash
My Bitcointalk username: Ginnicooper8657
My Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2148762