The future is all about cryptocurrency. There is no other way for cryptocurrency but to conquer the world of the future. And the progress in the present days can give us a good glimpse of it. Private companies, big and small, have been testing the waters and they seem interested to dive in. Tokenization is happening day by day.
A twin of cryptocurrency, blockchain is the foremost technology from which most, if not all, opportunities of the future come. But there are problems, or at least some things that we need to change in order for the blockchain technology to successfully conquer the world. #MetaHash observed, identified, thoroughly studied all these, and offered a solution.
Existing problems/Things that need to be changed
1. Daily number of transactions
The currency setting which is provided by the existing cryptocurrencies today only allows up to 2 million transactions per day. If we want the entire world to shift to blockchain, we badly need to significantly increase this very limited figure.
2. Transaction fee
More often than not, each transaction will incur up to $80 in transaction fee. At times, it even reaches $400 which includes the reward that goes to the miners.
3. PoW (mining) to multi-PoS (forging) transition
First, mining significantly limits the network speed. Second, the protection of the network requires a significant amount of resources. Third, mining is hardware-dependent, costing billions of dollars. Forth, it consumes so much electricity. Our mother earth is bearing all the bad effects. And lastly, billions are going to the miners alone.
4. “Money attack” interfering the network
The total worth of cryptocurrency is reaching the heavens. Needless to say, hackers are also growing in numbers, moving heaven and earth to successfully block the operation of the network.
5. Transaction approval speed
If we want blockchain to dominate our day to day transactions, we cannot allow a slow speed. Time is gold. For now, for the first approval we have to wait for at least 30 seconds and the final approval will add another 1.5 minutes.
6. “Tokenization” of any asset
As of today, the creation of tokens is only for those who have advanced programming skills. Programmers are expensive. Even the smart contract technology is out of reach to those who do not know programming.
What #MetaHash Can Offer
1. Daily number of transactions
#MetaHash offers more than 5 billion transactions per day. That is what the near future needs.
2. Transaction fee
For most transactions, the users will not pay anything. Again, it is free of charge. But then we have to protect the network from spam transactions as the load of the network grows. For this, low fees appear.
3. PoW (mining) to multi-PoS (forging) transition
#MetaHashCoins are forged with nodes. Moreover, the most important resources are provided by wallets. Pointless ones are eliminated.
4. “Money attack” interfering the network
#MetaHash wallets provide an additional verification step that will stop the hackers from blocking or corrupting the network, even if the hackers possess 67% of nodes or coins.
5. Transaction approval speed
With #MetaHash, for most transactions, the first approval will only take a second and the final approval will only take a very quick 3 seconds.
6. “Tokenization” of any asset
#MetaHash allows the instant “tokenization” of any asset, even the cryptocurrencies of other networks. This is offered to all users, including those who have zero programming knowledge.
Based on the Blockchain 4.0, #MetaHash is indeed the next-generation network we have been waiting for! A more detailed presentation is provided in their comprehensive Whitepaper.
Helpful links:
#MetaHash Website: https://metahash.org/
#MetaHash Whitepaper: https://metahash.org/docs/MetaHash_WhitePaper_EN.pdf
Official Telegram Channel: https://t.me/metahash_eng
Official Twitter Account: https://twitter.com/themetahash
Official Facebook Account: https://www.facebook.com/MetaHash/
Official Youtube Channel: https://www.youtube.com/channel/UCIkBIrd1q7JkLLj43KgG8zA
#MetaHash on Medium: https://medium.com/@themetahash
#MetaHash Instagram: https://instagram.com/themetahash
#MetaHash on Reddit: https://www.reddit.com/r/MetaHash_community/
#MetaHash on Bitcointalk: https://bitcointalk.org/index.php?topic=4342587.0
Ethereum Address: 0x2b38B787226C62c60132551c6326b08F97a903D4