#MetaHash - the Fastest & Most Secure Blockchain with Decentralized Real-Time Application Platform

jkvithanage (34)in #blockchain • 6 years ago (edited)

#MetaHash is a network made with the purpose of digital or monetary asset exchange. It is a decentralized program and a single platform made to give solutions to build applications and give results within the time. It is made for benefitting people, which one solution for multi-platforms, designed by the experts to create a program to allow block chain systems and compile all of them into a single network, decentralized and effective. It is efficient in recording every transaction which takes place, it has a self-regulatory network to make things easy and fast, and is created to give a technical self-productive branch in decentralized Data and internet.
The key feature of the decentralized project, it's operation by open code and has been made for the convenience of the users. The main purpose behind making this program is to protect the stakeholders from any potential harm and to provide them with maximum profit.

Components of #MetaHash

The #MetaHash network is made of four different parts that come together and in the absence of any one of them, the network won’t run effectively. It consists of of #TraceChain, #MetaApps, #MetaGate, #MetaHashCoin.

#TraceChain

TraceChain is the ultimate solution to the problem of speed or its related concerns and is based upon an automated self-learning algorithm of signals routed within the network. The rate of initial transactions is 50,000 per second and it rapidly grows with the nodes associated with high bandwidth, gradually added in the network and results in the formation of the core network. It improves the related reliable data chains which help in running the applications.

How TraceChain works

#MetaApps

MetaApps are nodes which are added to Metahash network, they are utilized by the decentralized applications. The main code of MetaApps help in the optimization of accessing the location of copy based apps and are based on resources and finance inspiration connected in the network.

#MetaGate

MetaGate is an open interfacing source which makes use of the TraceChain protocol to allow it to work with the networks of MetaApps. The Third-party developer is able to use the code of MetaGate to sink with the MetaApps, trace chain and other variant applications and browsing websites.

#MetaHashCoin

MetaHashCoin (#MHC) is the currency for digital network payment and is used to ensure the consensus. It is used as a payment mode for the network related services and control of self-financing in the network for the convenience of its users.

Financial Model and ICO round A

Total supply of 9,200,000,000 #MHC coins will be released for circulation within the next 10 years. 10% of #MHC are distributed during ICO Round A.

Initial emission of #MHC

Round A started on 29th June 2018 and ends when allocated #MHC are distributed. The funds collected at this stage will be used to pay for a marketing campaign and to finance further project's development. Price of 1 #MHC is estimated as 0.0000625 ETH (0.0391 USD) and the hard cap is 36 million US dollars.

Conclusion

#MetaHash is of course one of the most ambitious cryptoeconomic based projects. Because #MetaHash blokchain has a wise solution for a major problem of all the exsisting blockchains faces. That is poor transaction rate and longer validation time per transaction. See below comparision.

Comparison table of the main Blockchain systems

However, still the #MetaHash is beign in development stage and soon we can see a more stable product according to the roadmap. Let's hopefully keep eye on this. If you're interested in this project, read #MetaHash whitepaper and follow on social media for latest updates.