The #MetaHash network consists of four parts: #TraceChain The solution to the speed problem is based on an
automatic self-learning algorithm for routing signals over the network.
Starting at a rate of 50,000 transactions per second (the capability of a
100-megabit channel), it grows as more nodes with higher bandwidth are
added to the network forming the core of the network and improving the
reliability of additional #DataChains which are needed for running
applications. #MetaApps Nodes added to the #MetaHash network are used by decentralized
applications. The core code of #MetaApps optimizes the location of
application copies based on required resources and financial motivation
of the owners of nodes connected to the network. Any developer can
create and publish an application in #MetaApps, and #MetaHashCoin
holders will decide by open vote whether or not to approve it,
reflecting the universal values of all the network members. #MetaGate This is an open source interface using the #TraceChain protocol
making it possible to work with #MetaApps and networks. Third-party
developers can use the #MetaGate code to embed #MetaApps and
#TraceChain/blockchain features into various applications and browsers. #MetaHashCoin The network's digital payment currency. It is used to ensure
consensus, to pay for all network services and to control
self-financing.
The #MetaHash network consists of four parts:
TraceChain
The
solution to the speed problem is based on an automatic self-learning
algorithm for routing signals over the network. Starting at a rate of
50,000 transactions per second (the capability of a 100-megabit
channel), it grows as more nodes with higher bandwidth are added to the
network forming the core of the network and improving the reliability of
additional #DataChains which are needed for running applications.
MetaApps
Nodes added to the #MetaHash network are used by decentralized applications. The core code of #MetaApps
optimizes the location of application copies based on required
resources and financial motivation of the owners of nodes connected to
the network. Any developer can create and publish an application in #MetaApps, and #MetaHashCoin holders will decide by open vote whether or not to approve it, reflecting the universal values of all the network members.
MetaGate
This is an open source interface using the #TraceChain protocol making it possible to work with #MetaApps and networks. Third-party developers can use the #MetaGate code to embed #MetaApps and #TraceChain / blockchain features into various applications and browsers.
MetaHashCoin
The
network’s digital payment currency. It is used to ensure consensus, to
pay for all network services and to control self-financing.
Competition
is high and the crypto-market is constantly changing and improving,
technology development is not stopping. Demand for a better ecosystem
where users themselves will decide how they want to manage their assets
and what kind of applications they want to create requires better
supply. #MetaHash
is introducing a game changer and is aiming to innovate the blockchain
in 2018. Fast, safe and decentralized network will prove to be reliable
for everyone.
MetaHash ultimate features compared with bitcoin:
The
major feature of metaHash is the transaction time which is even less
than 3 seconds but if compare it to the transaction of bitcoin it is
significantly less as bitcoin has transaction time of ten minutes.
Bitcoin only approves 12 transaction per second but metaHash approves
more than 50 thousands to one million.
MetaHash
came all the way out of the box in terms of making completely
decentralized, synchronized, having high bandwidth and fastest network
for creating decentralized applications.
The transaction can be made from every part of the world.
It also provides maximum security for which system created 5 algorithms.
Blockchain Technology
Plenty
of startups are now using blockchain for everything, from music sharing
to global payments, from monitoring diamond sales to the legalized
marijuana industry. This is why the technology has a vast potential.
When it comes to digital transactions and assets, you can place anything
on the blockchain.
Blockchain
is basically a distributed database that keeps shared records. These
records are blocks, and every block of encrypted code has a record of
the block history before it. Each block includes time-stamped
information on the transactions made down to the second. The effect is a
chain of those blocks to get them together; hence, its name.
A
blockchain has two major components: an immutable ledger that the
network keeps, and a decentralized network verifying and facilitating
transactions. Everyone with access to the network could see this shared
transaction data, but there is no possibility that the records can be
corrupted or hacked. This decentralized trust means there is no one
organization that controls the data, be it a tech giant or a big
financial institution.
The Idea Behind
#TraceChain
is currently the first fully functioning system based on decentralized
distributed data register technology that changes technical principals
used in all existing blockchain systems. The initiators behind the
launch of the Blockchain 2.0 system are former game developers Gleb
Nikitin and Anton Agranovsky (you can check #MetaHash team members at https://metahash.org/).
#MetaHash
believes that all existing blockchain systems are too slow and too
expensive or are not fully decentralized. The company took several cases
as a comparative analysis of the systems that currently hold leading
positions in the market, as it stated on its whitepaper (https://metahash.org/docs/MetaHash_WhitePaper_EN.pdf), to support the statements.
Bitcoin
Bitcoin’s
PoW (Proof of Work), as example, it is a reliable, but very expensive,
network integrity protection mechanism. The synchronization process in
blockchain is also renowned for the problem of slow nodes. The network
is slow as long as its nodes are slow.
Ethereum
Ethereum
features a good implementation of PoW, but at a very slow speed caused
by direct synchronization between a multitude of participants and low
throughput of many PoW nodes.
Its
smart contracts are of particular value because they enable response to
events in the Ethereum network, but unfortunately they cannot react to
anything else and are unsuitable for real-time applications.
EOS
EOS
is a reliable and fast banking system. However, it is centralized. 20
supercomputers control the network and provide a maximum number of
votes. These top 20 computers synchronize transaction data and receive
all commissions. Sometimes the commission is paid to one more computer
which is chosen on the basis of the weight of votes cast in its favor.
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