METAHASH: A Comprehensive and Honest Independent Ico Review
You are probably know that today as of this writing, we are still at the midst of crypto bear market where introduced ICOs experiencing a hard time dealing to promote and advertise projects and also becoming difficult for every traders to earn profits. The HODL strategy seems to be fading away and changed to becoming a day trader where profits are locked at desired percentage. Traders are actively working at new strategies to profit from an unfortunate situation of the marketplace. Whether it is through arbitration or strategic day trading the average crypto trader has become shrewder with their investments and are actively looking towards tools on the market to aid profitability. Also investors are having hard time to spot good ICO with amazing product and concept thats where blogger like me will help the community to pick ICOs with potential.
Are you into bitcoin and other cryptocurrencies like me? If yes, then you must have already heard of blockchain. Blockchains have been so popular lately due to the increasing embrace and use of bitcoin and other cyptocurrencies. The popularity and demand of bitcoin that was inevitable. On the other hand, this new technical project emerged METAHASH which is the main topic of writing this article will be tackled and its potential on the crypto space.
To understand METAHASH, its necessary to understand the nature of blockchain and the problems it faces. Blockchain, in simple terms, is data that has been grouped and encrypted together into a block, and linked to other blocks. Each chain has a cryptographic hash, timestamps, and all transaction data. Once the algorithm has ran, and a new block of information has been added, the information in the chain cannot be altered, making it safe against forging and manipulation. Therefore strictly saying of you made a mistake on sending on an address of bitcoin it is loss FOREVER.
The blockchain popularity and demand is due to the fact that it can be recorded and managed, by distributing transaction records in Peer to Peer network, without requiring a central authority. But as blockchain gets clogged-up due to its popularity, there have been many efforts to counter the weaknesses or drawbacks of this technology.
The main weaknesses of blockchain are security and speed. Nowadays, transactions in a blockchain could already take several minutes to hours, as compared before. This due to the increased transaction volume. Tremendous amount of resources from mining (miners) needed to cope up with. Now let us proceed why METAHASH can advance and solve this increasing problem the blockchain industry experiencing.
What is METAHASH?
It is a new revolution of blockchain-based digital asset exchange network encompasses the decentralized real time platform. The team of METAHASH will utilize AI (artificial intelligence) to synchronize cross nodes in the network. What I meant is, the process can be expedite to redistribute loaded data accordingly with full working power to manage more than 50k transaction per second.
The METAHASH is not just a technology that connects a block to another, but it is a brand new technology that creates bandwidth which varies from 60,000 to 80,000 transactions per second that can be compared to Visa and MasterCard systems but designed to be decentralized. Moreover, the validation of more than 99% of transactions took only three seconds, compared to several minutes with existing popular blockchain systems like Bitcoin and Ethereum. METAHASH offered a conventional solution whereby the maximum possible network synchronization speed can be attain while using the standardized speed for most computers on the Internet bandwidth of 100 MBit/s. Many series of tests conducted by the METAHASH developers to produced a multi-layered architecture framework to maximize the synchronization speed and validation of data. Maybe its kind of concept that the team really working on to create an innovative approach and changes in the blockchain tech.
On the other hand, METAHASH has been branded as a ambitious project since they token metrics has very confusing with their plan ico sale having similar target soft and hard cap to reach their needed funds for this. But their are outstanding to managed to developed their proposed system for this project.
How does METAHASH plans to pulled it off? They have designed four components of the MetaHash system forming a single synergistic entity:
Known as
- Tracechain
- Metahash Coin
- MetahApp
- MetaGate
Now we will tackled these features and usage on their platform.
Let’s take a hard look at how the four components of the #MetaHash system form a single, synergistic entity:
- TraceChain
A routing protocol encompasses to process more than 50k transactions per second and can increase 4x or higher as more nodes with higher bandwidth continue to be added on the network resulting to core improvement on running the applications.
- MetaHashCoin (MHC)
Their platform adopts the ethereum smart contract and will be using MHC utilty token as a means of payment in the network. It is the same with other platform but will convert into their own coin on the future. The MHC will provide consensus and self financing of network development.
- MetaApps
MetaApps is one of the product of METAHASH that will served as gateway app for any Developer who wishes to create and publish an application. The core codes running in the app will optimize the location of the application that will be based on the resources and financial asset of the node owners that are linked in the METAHASH network. Using the MHC coin, all holders have an option to open vote for the approval and disapproval of all changes in the system.
- MetaGate
MetaGate is the open source interface of METAHASH and served as a browser for decentralized applications that includes a multi-currency wallet. With MetaGate, third-party developers can use the code to embed in the MetaApps and TraceChain Protocol features into different applications and browsers.
These are just some of the features that METAHASH offers and lots need to be discussed of, and you can expect more innovations to spread and introduced as METAHASH evolves. Maybe on my next article other things from METAHASH project. But if you want comprehensive explanation details by details you can direct to their whitepaper: https://metahash.org/docs/MetaHash_WhitePaper_EN.pdf
To know more details about this new project you can visit their official links below:
Website: https://metahash.org/
Facebook: https://www.facebook.com/MetaHash/
Twitter: https://twitter.com/themetahash
Telegram: https://t.me/metahash_eng
Reddit: https://www.reddit.com/r/MetaHash_community/
Medium: https://medium.com/@themetahash
Creator of this article:
https://bitcointalk.org/index.php?action=profile;u=1269701
https://steemit.com/@etherium24
eth address: 0x2981f6554aC5519Fec7ba96a3A799d81C683199C