Hi!
Yesterday, It came to my notice that MetaHash project partnered with Ian Balina. As you probably know, he is a very well known crypto-influencer and his opinions matter in this market.
So I wanted to take a look at this project called "#MetaHash" and share with you.
#MetaHash argues that Blockchains offer delayed transactions and they cannot interact with each other. Think about Ethereum and Bitcoin, they can't interact.
However #MetaHash offers real time and very fast applications! Also independent or sub-chains can interact with each other. This will help keeping the main chain fast and secure, dividing the load to sub-chains.
The Problem
I don't know whether you noticed, transaction amounts are increasing day by day. Sometimes even Ethereum network gets very slow, and expensive too. (because you need to pay more fees to make the transaction faster, or it may take hours.) These systems cannot grow and adapt to this demand that fast.
The Solution
But #MetaHash and their TraceChain can solve this easily. It is a lot faster, and mostly free depends on transaction type and network load.
Let me give you an example, Bitcoin has 10 mins, Ethereum has 15 seconds block time. But with #MetaHash, transactions will be approved under 3 seconds! And transaction numbers are also a lot higher. (more than 50,000 transaction per second, 5 billion transactions per day)
Check this graphic taken from #MetaHash whitepaper (pg. 11:):
https://static.metahash.org/docs/MetaHash_WhitePaper_EN.pdf
Anyone, who knows any programming language, can code and build Meta Apps for #MetaHash.
Do you know C++, or php? or maybe solidity? Fine. Build your app, run it in a real-time environment and with a GUI! They can look like our normal applications. That is why people can use them without having hard times.
#MetaHash is a Swiss registered company, and as you might know Switzerland is one of the lead countries in cryptocurrencies.
Their KYC/AML process is done by a another company, so I assume there will not be any problem like other ICOs.
Their team has a lot of experienced coders, developers, IT managers, a great marketing team and legal advisors. There are two teams from Ad-sniper and adnow.com Therefore we're seeing a well organised and structured company unlike other unknown ICOs.
Seems pretty solid in my opinion.
Their ico consists of different stages. The first stage, Round A has started and only 1.85% left at the moment. (August 10, 2018) You can take a look at their website, join their telegram for more information.
One MHC token is fixed at 0.0391 USD. You can buy with Ether or BTC if you like.
#MetaHashCoin is used for payments and the fuel for applications. Any decentralized app on MetaHash will require #MetaHashCoin to be deployed.
TraceChain's alpha and beta versions were already done in 2017, now after ICO, TraceChain v6.0 will be released. MetaApps v2.0 (for custom or third party decentralized apps) and MetaGate v3.0 is coming in Q3 2018 too.
With MetaGate v3.0, we will see Mac/Win/Unix/Android/iOS wallets for MetaHash and it will also have #MetaApps in it. A working product!
Here you can check their whitepaper for more information, or take a look at their one-pager for brief summary.
See you in another review,
Cheers.
#Metahash whitepaper:
https://static.metahash.org/docs/MetaHash_WhitePaper_EN.pdf
OnePager:
https://static.metahash.org/docs/MetaHash_OnePager_EN.pdf
Website:
https://metahash.org/
twitter: https://twitter.com/themetahash | telegram: https://t.me/metahash_ENG
wallet: 0xC6c55aD4ca903A3aC2c59C5CF2a6D6D37CfC2e26
profile: https://bitcointalk.org/index.php?action=profile;u=1394165
