A Memeful Metahash ICO Review!

Blockchain 4.0 is here! Metahash is a multi-blockchain based on a protocol called TraceChain. It has the ability to produce 50,000 transactions per second and blocks generate every second. That is 3333x faster than current Ethereum's transaction per second. Why is such scalability a good thing? Well, imagine Ethereum with no transaction speed issues, imagine crypto kitties with much faster transactions per second. That is what we need to increase adoption and increase transactions per second so people would want to actually use the platform and start using the decentralised technology to build DApps on their platform. Currently, most blockchains have low transaction speeds which is why some crypto platforms like Ethereum are not a really good idea to transfer regular web services to crypto platforms. That is what Metahash is trying to solve with higher transaction speeds.

They have had a test done, which you can find out from their whitepaper. The test resulted in 600,000 transactions per second but they advertise their project to have 40,000 transactions per second whereas other ICOs like Sparkster say they can do 10m transactions per second when they only proved 53 transaction per second.

They have 5 types of nodes and also allow staking. These nodes will lock the supply since people would want to earn passive income from them. Therefore, the supply will decrease in terms of supply and demand leading to price fluctuations.

Their whitepaper also has a risk assessment unlike most other ICOs so this shows the project is well organised like a real business.

Metahash website: https://metahash.org
Metahash Whitepaper: https://static.metahash.org/docs/MetaHash_WhitePaper_EN.pdf