The rapid growth in the popularity of virtual currencies last year led to the creation of a huge number of projects based on Blockchain technology, having a variety of sizes and directions. The majority of these projects are unable to develop normally because of the limitations of the technical characteristics of existing networks.
Among the main problems of modern technology and Blockchain networks should be highlighted:
- low-speed transaction processing;
- network isolation;
- closed Blockchain chains;
- there is no possibility of interaction between different projects.
All these shortcomings significantly slow down the development of this technology.
Innovative project #MetaHash will fix all these shortcomings and move the Blockchain to a new level.
Project objective
The main goal of #MetaHash creators is to develop a unique Internet of decentralized applications that can exist in the network regardless of the influence of corporations. The developers plan to transfer the applications to user management, so that they in turn can rebuild the application for maximum benefit.
In addition, the creators of #MetaHash plan to form a network with the following distinctive features:
- transaction confirmation speed-less than 3 seconds;
- the number of operations per day-more than 5 billion;
- the low level of fee;
- the highest level of decentralization;
- easy and simple way to tokenize assets;
- high level of network protection.
Principle of operation
The #MetaHash network is a next-generation Internet that uses Blockchain 4.0 technology to perform asset exchange operations and create decentralized applications and services that work like online sites.
This network consists of several components:
#TraceChain allows you to solve the problem of decentralized network speed, increasing the speed of transaction confirmation up to 3 seconds. Such results were achieved due to the unique principle of the network. Job #TraceChain as follows:
- all transactions converge to the Central core, using the most optimal path;
- each of the links during this process confirms the transaction;
- the kernel synchronizes transactions among themselves;
- the kernel returns the funds to the network, which determines the correctness of the calculations;
- data backup is sent to the Blockchain, determining the integrity of the network;
- anchors are stored in the networks of Ethereum, Bitcoin and other cryptocurrencies.
#MetaApps is a kind of replacement of old smart contracts, which allows you to make almost any service and application independent. The network is loaded with programs that can exist independently of corporations, while performing exactly the functions that were originally conceived by developers.
#MetaGate is an open resource with a user interface designed to work with #MetaApps, as well as networks based on the #TraceChain Protocol. # MetaGate is open source and can be embedded in both browsers and applications. Also in #MetaGate users and application developers can create their own multi-currency wallet.
The main financial component of #MetaHash is its virtual currency #MetaHashCoin or #MHC for short. These tokens can be used to perform transactions, store personal information, host your own applications, as well as to pay for public addresses, advertising, listing.
Special attention should be paid to mining. Remuneration for production #MHC will be formed from Commission fees for transactions and Forging-pool. Depending on the technical needs of the network, the frequency of charging coins may vary.
The details of the ICO
In circulation for 10 years, the developers plan to release 9.2 billion coins #MHC. Of these, 20 percent will be sold during the ICO – 10 percent during each stage. During the first phase the value of the coins will be 0,0000625 ETH , and during the second – 0,000125 ETH.
The project's hardcap is $ 35.972 million.
Sales will begin on the night of the 16th to 17th August 2018.
The distribution of funds is as follows:
Team of developers
The project has an open team structure, which can be attended by anyone who is able to help in the development of #MetaHash. At the moment, the team has been joined by more than 150 people with extensive experience in this field.
Conclusion
The #MetaHash project has great development prospects. First of all, this is due to the fact that its developers are engaged in solving the most pressing problems in the field of Blockchain, such as application decentralization, networking and the creation of a simple and user-friendly interface available to ordinary users.
All this is able to attract a huge audience, which will ensure the successful development of the network.
Official resources of #MetaHash project:
