METAHASH: BLOCKCHAIN 4.0 NEW GENERATION PROTOCOL

petoz (55)in #metahash • 6 years ago

I like to introduce you to #Metahash blockchain 4.0, a groundbreaking network and a game changer Blockchain. Its speed and accuracy in processing transaction is second to none. It uses Proof of Stakes (PoS) which gives token holders and the community the power to make changes. There are lots of improvements that have been made over the existing blockchains to make #Metahash the best of the best.

I want to do a comparative analysis between Metahash Blockchain and other existing blockchains. So, at the end of the day, reader would chose for themselves which one is the best based on the provided facts.

Comparative Analysis between Metahash and other existing blockchains

Take Bitcoin blockchain which is the first generation blockchain for instance which confirms a transaction for about 10 minutes, Metahash confirms transaction for about 3 Seconds. Also Bitcoin processes 12 transactions in a second while Metahash processes 100,000 transactions in a second. That's a huge difference!
Bitcoin operates on the principle of Proof of work (PoW) which consume high amount of energy and requires high level of mathematical accuracy. Instead, Metahash operates on the principle of Proof of Stake which gives community members and stakeholders the unique opportunity to vote and be part of the decision makers on the Blockchain.

Comparing Ethereum blockchain with Metahash, in terms of speed of transaction, Ethereum blockchain takes up to 15 seconds for a transaction while Metahash processes transaction for just about 3 seconds. Also, Ethereum blockchain processes about 30 transactions in a second while Metahash Blockchain processes up to 100,000 transactions in a second. What a big difference!
Moreover, Ethereum blockchain uses smart contracts which is self executed and makes the availability of the middlemen unnecessary, but is still limited as it does not give any room for stakeholders to have says in the blockchain affairs. But Metahash Blockchain operates on the principle of Proof of stake as stakeholders and community are part of the voting members for decision making.

Comparing the Blockchain 3.0 which is EOS in terms of speed of transaction processes, EOS blockchain takes up to 5 seconds to process a transaction while Metahash blockchain processes a transaction for 3 seconds.
More so, EOS blockchain processes 1,000 transactions in a second while Metahash Blockchain processes 100,000 transactions in a second. That's a great advantage over the third generation of Blockchain.

Even though other blockchains are nice with good innovations behind their developments, they still have their limitations and short comings which is protocol on which Metahash ride upon to bring about the greatest innovation to the Blockchains.

Some Competitive advantages of the Metahash

Unification of other Blockchains
Metahash Blockchain unifies all other existing blockchains and is able to interact together with them. As a matter of fact, ERC-20 compliant tokens can be converted directly to #MetaHashCoin (MHC) and MHC can also be stored as ERC-20 token and in waves wallets too. In essence, Metahash has backup on the Bitcoin and Ethereum wallets

Full decentralization
A Blockchain like EOS network has the limitation of no being fully decentralized among others, but Metahash is fully decentralized. In fact, with the aid of Metahash, any application can become decentralized.

Low Transaction fee
The transaction fee on Metahash is comparatively low to what is obtained on other existing blockchains. So, when compared with transaction fee that is involved in using conventional currency, it is almost like not paying any transaction fee.

Principle of Operation
Metahash operates on the principle of Proof of Stake which incorporates stakeholders into the voting system unlike Blockchain like Bitcoin that operates on the principle of proof of work which consumes high amount of energy.

Open Source
Metahash is an open source, meaning that other developers can make use of its codes to make their own application decentralized.

ICO Supports
Metahash supports initial Coin Offer for new projects on the blockchain. It means new projects can run successful on the blockchain without need to execute a new smart contract.
This and many more are the competitive advantages of Metahash Blockchain over other existing blockchains. I hope by now you are convinced that Metahash is the choicest of all the Blockchains.