By
Bhushan Akolkar
May 10th, 2024
#Metahash Network, next-generation solution for sharing digital assets, creating and managing decentralized apps and services, aims to become a forerunner for quickest transactions, extremely low confirmation times and almost-zero transaction fees.
Some fence sitters in the blockchain industry have pointed out that blockchain has become overhyped and that the technology’s limitations have led to inutility for many digital interactions. But through research and development, trial and error, visionaries have risen from failure to success, seeking solutions to current issues and limitations of blockchains.
Among the issues which blocks continuous progress of the cryptocurrency industry are partial centralization, slow transaction speeds and high fees. There’s high hope that a solution is in the offing with #Metahash, blockchain-based digital asset exchange network, alongside a decentralized real-time application platform.
How It Works
#Metahash platform uses artificial intelligence to improve synchronization of nodes and create a latency rate-based optimal map of the network. Optimum redistribution of the data is assured by harnessing the network’s capacity of processing five billion transactions per day, with a 3 second confirmation time.
The process is best understood by taking a closer look at the four pillars of the #MetaHash platform:
- The #TraceChain acts as a signal routing protocol, based on machine learning technology. It grows automatically as more high-bandwidth nodes are added to the network.
- The #MetaApps works by optimizing the afferent location of application copies, while taking network resources and the financial motivation of owners into account.
- The #MetaGate isthe platform’s go-to browser for decentralized application. It offers a multi-currency wallet, and allows developers to embed #MetaApps and #TraceChain protocols into their applications.
- The #MetaHashCoin represents the system’s digital asset and primary means of payment. The coin is consensus-based and capable of regulating the self-financing aspects of the network’s development process. Users can exchange it to other cryptocurrencies, such as Bitcoin and Ethereum.
The design philosophy of #MetaHash will provide great benefits to the crypto industry as it will allow users to process billions of transactions without the need of leveraging expensive hardware. Additionally, thanks to the #TraceChain protocol, the network is one of the quickest available, with extremely low confirmation times and almost-zero transaction fees.
ICO Details
#MetaHash has announced details around its upcoming public token sale and beginning of forging as an evolution of mining. #MetaHash aims to allocate 920,000,000 #MetaHashCoin (#MHC), equivalent to 10 percent of its token emission. Starting from 12:00 UTC on 29th of June, 2018, and continuing until the goal is reached, interested parties can purchase #MHC for $0.0391 per token (will be accepted in ETH and BTC at the exchange rate at the time of purchase).
The first buyers of tokens will enjoy the attractive initial price which is at least 2 times lower than at the next phase. Moreover, they may also get the maximum advantages of the early forging, the start of which is planned for August of 2018.