MetaHash - platform for working with digital assets and decentralized applications
In this article I will tell you about the idea of the company "# Metahash". These guys want to create a decentralized network for the exchange of digital assets, as well as a platform for decentralized applications. Experts rated Icobench have already assessed their high queries, assigning an estimate of 4.5.
ICO-campaign will be held in 2 rounds. ICO Round-A is already ongoing and will last until full sale. ICO Round-B will start after the release of the finished product.
The "#Metahash" team has accurately noticed that now many good ideas want to be realized and require decentralization, but the technical capabilities, including the speed of the blockchain operators, do not allow to please everyone. Therefore, they came up with a completely decentralized and synchronized network, in which a lot of advantages can be identified.
What is unique about the company "# MetaHash"?
They suggest increasing the number of transactions per day, and of course, their speed. Namely - to more than 5 billion transactions. And from 1 second to the first confirmation and up to 3 seconds to the final one. Also, "#MetaHash" wants to make them initially free, but charge a fee when the load on the network grows to protect it from spam, and this is reasonable.
The next step is to switch from PoW (Mining) to multi-PoS (forging), because #MetaHashCoins are generated in purses and network nodes, so it does not require titanic resources. Further, in order to protect the network from "money attack", an additional check will be introduced by wallets.
And the last. The team will implement the built-in mechanism of "tokenization" of assets. Usually smart contracts for understanding people are complicated, because most do not have programming. And now any asset and a crypto currency will be "tokenized" in #MetaHash , and easily and clearly displayed.
All the aforementioned buns will be realized by means of 4 elements of the "#Metahash" structure. Before analyzing the structure, I note that developers understand that their platforms are not mega-programmers, so they promise to hide all the complex technical part of the system in clear and concise interfaces so that ordinary mortals can use it.
Let's pass to the first component - the protocol #TraceChain.
It functions on a mathematical algorithm controlled by #TraceChain AI. This means that all signals go from the outer radius to the cores. Then they are synchronized inside a set of powerful cores and diverge back through the network. This algorithm prevents the network from slowing down. As a result, a high level of decentralization will be achieved, and the transaction confirmation speed will reach a maximum of 3 seconds. In such conditions, the blockchain is able to process from 50,000 to millions of transactions per second.
The next element is #MetaApps.
It is a network of full-fledged programs that can exist forever like Tsoi, and will not belong to anyone. They will work in real time as usual websites. But even the creator can not change them without voting by users or owners of their digital assets. But any developer can create his application in any programming language, including C ++, PHP, Solidity and others. The image of the program and the operating system is simply downloaded to the network and automatically launched. And if the developer is lazy, then he MetaGate.le to use ready-made modules, if the new project is unavailable, and time is short.
The third block is #MetaGate.
It consists of a crypto-currency purse, which can work in light-mode. And also from a browser with a user-friendly interface and a directory of decentralized applications.
And the last, but important economic element is #MetaHashCoin.
From the name it is clear that this is a means of exchanging the self-financed system #MetaHash . Digital assets #MHC (#MetaHashCoin) will be used to pay for transactions, applications, data storage, and additional services: public addresses, listing in #MetaApps , advertising in #MetaGateand others. They can also be converted to tokens from other networks. And any asset in another chain can be converted to #MetaHashCoin .
This is all you need to know about this ICO. For more details, click on the link to the official website. Also, do not be lazy to read White-paper to create your vision of the project and understand whether it is worth supporting it.
Roadmap
Official website of the project: https://metahash.org/
White-paper: https://static.metahash.org/docs/MetaHash_WhitePaper_EN.pdf?v=5
Author: https://bitcointalk.org/index.php?action=profile;u=1249110
My ETH wallet: 0x414fcD65D2cB4dCc8476F0DC38F4b60F78b22231