Blockchain is truly a revolutionary technology that is gaining attention daily because of the solutions to problems that it brings. Blockchain provides a secure and fast means of carrying out transactions with the use of ledger technology which are super-fast and impossible to hack. Ever since the introduction of first generation of blockchain networks referred to as blockchain 1.0, this stellar technology has witnessed further developments with the ethereum, eos, dfinity networks all trying to provide solutions to the problems inherent in the earlier versions of blockchain network.
The current blockchian networks suffer from scalability issues which slow down the speed f transaction on this network. Transactions takes between couple of minutes to several days before getting approved due to network congestion sometimes. There is also the issue of cross-chain problems. The blockchain networks we have currently stand alone with no means of cross communicating with each other. It’s impossible to send transaction from bitcoin network to ethereum network and vice versa. Transaction per second on these current networks is also low compared with the current demand and generally they suffer from lack of total decentralization.
In order to proffer solutions to these pressing issues ravaging the existing blockchain networks, the Metahash team developed a brand new Blockchain 4.0 which solves these critical problems and helps the blockchain network to achieve full decentralization.
METAHASH - Blockchain 4.0 At Its Finest
Metahash is a blockchian 4.0 network which aims to achieve full decentralization of the blockchain network by bringing about full interoperability of all blockchain networks and improve on transaction speed while lowering the transaction approval speed to the bearest minimum. The network boast of transaction speed that is not comparable with any other network in the crypto space with over 50,000 transactions processes per second while the average approval time for transaction is just 3 seconds. The metahash is also a digital asset sharing network on which developers and compaies can build awesome dApps that connects them directly with their end users.
Now let’s look at the improvements that Metahash brings to blockchain technology.
- Speed
- Blockchain Interoperability
- Realiability
- Full Decentralization
Speed
If blockchain were to gain mainstream adoption and compete with the current means payment transactions, then the speed of transaction on the network must be improved to the level of existing payment methods. Visa processes an average of 8000 transactions per second while facebook processes an average of 157,000 transactions per second. Coming to blockchain, bitcoin processes an average of 12 transactions per second while ethereum processes an average of 30 transactions per second. It is clear that blockchain needs to step up its game if it’s to gain massive adoption. In response to this challenge, Metahash came up with a novel internet protocol called #TraceChain which speed up transactions processes on the metashash network to an unprecedented level. With the help of #TraceChain, transaction speed under the Metahash network is under 3 seconds while the network is capable of handling over 50,000 transactions per second. The increase in the speed of transaction under this network also allows the Metahsash network to have the lowest transaction cost across all blockchain networks.
Blockchain Interoperability
Another massive improvement that Metahash has brought to the world of blockchain is the interoperability feature that the network introduces. Metahash is infused with interoperability protocol that makes it easy to integrate with other blockchain networks. You can send transactions from the Metahash network to other blockchain networks and other cryptocurrencies like btc, eth, eos can be used on the metahash network. Furthermore, any asset or cryptocurrency can be converted into MetaHashCoin while MetaHashCoin can also be convereted into any other asset on the Metahash network thereby bringing about full interoperability of blockchain networks. No longer will different blockchain networks stand like an highland on their own without a bridge connecting them together. Metahash stand as a platform that bridges this gap that exist in the blockchain space.
Reliability
The network is reliable in that it is impossible form anybody to control the network no matter the amount of resources that the person possesses. Transactions on the Metahash network are protected with 5 different consensus algorithms which ensure that there is total decentralization of the network. This makes it impossible for some dominant group of pools to control the network as voting on the network is carried out by every member of the community.
Full Decentralization
Metahash provides a decentralized pathway to the internet world with the introduction of MetaApps and MetaGate. MetaApps allows developers and companies to build decentralized applications that bring them closer to their clients without the need for centralized agencies. MetaApps has been designed to run in real-time and extremely fast just like the regular web service or application. This helps to cut down costs significantly and also removes the delay period. MetaGate on the other hand serve dual purpose of being a cryptocurrency wallet and also a browser for decentralized applications serving as a gateway to the decentralized internet. It is open spurce which means anybody from anywhere in the world can have access to it and utilize the features of this multi-purpose program.
In all, Metahash is definitely a step up to the existing blockchain networks because it has successfully provided solutions to the problem of transaction speed and interoperability problems that has hindered massive adoption of blockchain technology. This network continues to grow with the addition of new feautures daily to further achieve full decentralization and provide an ecosystem where the power belongs to the member of the community. This is project worth investing in if you’re shrewd enough to know where blockchain technology is headed and have foresight.
Token Information:
Token Name: Metahash Coin
Ticker: MHC
Token type: ERC20
ICO Token Price: 1 MHC = 0.0391 USD
Hard Cap: $36,000,000
Total Supply: 9.2 billion tokens
Funds Distribution:
• Advisors and Authors fees - 33%
• Reserved - 22%
• Advertising- 16%
• Project Development – 16%
• Business Development – 16%
Roadmap
For more information on Metahash, please visit the following useful links:
Website: https: https://metahash.org/
Whitepaper: https://metahash.org/docs/MetaHash_WhitePaper_EN.pdf
Telegram: https://t.me/metahash_eng
Facebook: https://www.facebook.com/MetaHash/
Twitter: https://twitter.com/themetahash
Reddit: https://www.reddit.com/r/MetaHash_community/
Author btt: https://bitcointalk.org/index.php?action=profile;u=2077261
Eth Address: 0xEe3FEE4d4f8C6Db49940EE3c71b2F6bF787A616E