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MetaHash: Decentralized Apps Blockchain & MetaHashCoin

MetaHash, sometimes written as #MetaHash in promotional materials, is a new blockchain that is positioning itself to be a high-speed, low-cost alternative to existing blockchains like Bitcoin and Ethereum. With its own digital token (MetaHashCoin, or MHC), its support for smart contracts, decentralized apps (DApps), and a browser-based cloud service to access those DApps, MetaHash certainly seems to be an ambitious project indeed.

What Is MetaHash?

MetaHash was founded in 2018, with the majority of its executives located in or near Moscow, Russia. The three central figures are all entrepreneurs in their own right, operating companies of their own; these include Gleb Nitkin from AdSniper, Vladimir Nashkin from AdNow, and Anton Agranovsky of Agranovsky IT. Each of these three are listed as MetaHash co-founders.

MetaHash also lists a number of staff members, all of which seem to be separated by company. It seems that the majority of work being done on MetaHash comes from teams repurposed from the co-founders’ own companies, though there are a handful that are listed as being employed directly through MetaHash. Regardless, most of these workers are located in the Russian Federation, and their provided social media links, as a result, are not available in English.

MetaHash & MetaHashCoin Product
MetaHash as a product has four distinct divisions, though all are interconnected and built on cryptocurrency and blockchain technology. They are, in the order they are presented:

  • TraceChain, the MetaHash blockchain. This cryptographic ledger supposedly has the ability to validate transactions in three seconds or less and has a capability in excess of five billion transactions per day.
  • MetaApps, a so-called new generation of DApps built by advanced smart contracts. MetaHash claims these are “real time” applications that can be developed with the help of literally any programming language.
  • MetaGate, a “decentralized” version of the internet. MetaGate is both a directory for DApps – allowing access to them directly – and a multi-use digital wallet for several different cryptocurrencies.
  • MetaHashCoin, the blockchain’s cryptocurrency. MHC is to be used as not just transactions and payments but also for data storage, powering DApps, and having those DApps listed on MetaGate directories.

Currently, the majority of these capabilities are still in development. MetaHash is holding a private round of investment ahead of an ICO. Prices to purchase MHC during this round are 0.001 ETH, with a total of 1,840 ETH in volume for sale. This private round runs until February 27, 2018.

MetaHash Decentralized Apps Blockchain Opportunity

Investing in MetaHash provides opportunities to be one of the first to hold this new digital asset in the hopes that it will increase in valuation once its blockchain and DApp database is available to the wider public. The value of this opportunity is, of course, highly variable depending on your own investment goals; it’s also dependent on whether you want to simply invest in the token or if you want to eventually use the blockchain’s platform to write smart contracts or develop DApps of your own. If the latter is the case, MetaHash may be of more interest to you than a simple investment.

MetaHash Unveils 60,000 to 80,000 transaction per second fast protocol

#MetaHash, leading blockchain-based digital asset exchange network and decentralised real-time application platform, announced the launch of its #TraceChain protocol and #MetaGate browser. The #MetaHash network is designed to solve many of the issues currently plaguing the industry, including partial centralisation, high fees and slow transaction speeds. Interested parties can now download the free browser to experience the first geographically distributed network capable of processing over 50,000 transactions per second, at no more than three seconds for approval. Currently the network is available for trial on Windows, OS X, and Unix with iOS and Android planned for later this year.

Advertising technology experts, Gleb Nikitin and Vladimir Bashkin joined forces with Anton Agranovsky, an entrepreneurial business and product development leader, to form #MetaHash’s founding team. With a common vision of blockchain interoperability as the future of the distributed web, the team developed #MetaHash, a pioneering next-generation solution based on Blockchain 4.0, which allows networks to interact and integrate with each other. The #MetaHash system is comprised of four components that form a single, synergistic entity:

  • #TraceChain

An automatic self-learning signal routing protocol, #TraceChain can process more than 50,000 transactions per second. It grows as more nodes with higher bandwidth are added to the network, forming its core and improving the reliability of additional #DataChains needed for running applications.

  • #MetaHashCoin (#MHC)

#MHC is a digital asset that acts as means of payment in the network.

consensus and regulates self-financing of network development. Digital assets in the

form of tokens in the #MetaHash network can be exchanged within the network, and

also converted into tokens of other networks, including Bitcoin and Ethereum, and back.

  • #MetaApps

The core code of #MetaApps optimises 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, while #MetaHashCoin holders decide via open vote whether or not to approve updates or changes, reflecting the universal values of all network members.

  • #MetaGate

#MetaGate is a browser for decentralised applications that includes a multi-currency wallet. Via its open source interface, third-party developers can use #MetaGate code to embed #MetaApps and #TraceChain/blockchain features into various applications and browsers.

Contrary to comparable networks, #MetaHash is expertly designed to process record volumes of transactions with relatively inexpensive hardware, resulting in some of the industry’s lowest per transaction commission rates. The trial period, expected to run through Q2 2018, leverages more than 200 temporary servers throughout the world, that will be replaced by token owner nodes once the network is fully functional.

MetaHash Verdict

As we mentioned above, MetaHash is a very ambitious project. It’s certainly indicative of the direction the cryptocurrency community is heading in trying to branch off from older, existing blockchains that are stagnating due to low scalability and a lack of smart contract or DApp functionality, Bitcoin being the biggest offender in this case, but in doing so they face a major uphill battle when it comes to widespread adoption.

For all its flaws (and its price fluctuations), Bitcoin is not going away any time soon. That’s why any new cryptocurrency that claims to be the one that has the chops to supplant Bitcoin is going to need an absolutely herculean amount of effort to push the king off its throne.

We’re not sure if MetaHash will be the one that will be able to accomplish this goal. While it may look good on paper, the blockchain is still in the early development stages and is completely and totally unproven. This means that, if you do want to invest in MetaHash, it will be more from being a true believer hoping for a moonshot victory sometime in the future than someone looking to make a quick buck by investing in penny-ante cryptos.

More Information Complete Please Visit:

Website: https://metahash.org/
Whitepapper: https://metahash.org/docs/MetaHash_WhitePaper_EN.pdf
Telegram: https://t.me/metahash_eng
Twitter: https://twitter.com/themetahash
Facebook: https://www.facebook.com/MetaHash/
Youtube: https://www.youtube.com/channel/UCIkBIrd1q7JkLLj43KgG8zA
Medium: https://medium.com/@themetahash
Instagram: https://instagram.com/themetahash
Reddit: https://www.reddit.com/r/MetaHash_community/

Link profile: https://bitcointalk.org/index.php?action=profile;u=874804

ETH: 0xD748a3fE50368D47163b3b1fDa780798970d99C1
MetaHash: Decentralized Apps Blockchain & MetaHashCoin MetaHash: Decentralized Apps Blockchain & MetaHashCoin Reviewed by haw on July 17, 2018 Rating: 5

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