#MetaHash enables the creation of: Decentralized applications that work in real time like ordinary web services and applications and can respond to events both in any of the blockchain networks and on the regular internet;Independent sub-chains protected by the main #MetaHash network that also operate on the basis of the #TraceChain protocol.These sub-chains are created so thousands of #MetaApps can cost-effectively operate without overloading the main network and slow other applications. Lots of applications are waiting for a solution to build isolated, cost-effective and secure chains that would let them transfer the required data;Digital assets in the form of tokens in the #MetaHash network for sharing within the network and converting to the tokens (digital assets) of other networks. Any asset in another blockchain system (ETH, ERC20, Bitcoin) can be converted to #MetaHash Coins.#MetaHash supports the concept of blockchain interoperability assuming that the future of the internet lies in the ability of independent networks to interact and integrate with each other.The #MetaHash network consists of four parts#TraceChain The solution to the speed problem is based on an automatic self-learning algorithm for routing signals over the network. Starting at a rate of 50,000 transactions per second (the capability of a 100-megabit channel),it grows as more nodes with higher bandwidth are added to thenetwork forming the core of the network and improving the reliability of additional #DataChains which are needed for running applications.#MetaAppsNodes added to the #MetaHash network are used by decentralized applications.The core code of #MetaApps optimizes 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, and #MetaHashCoin holders will decide by open vote whether or not to approve it, reflecting the universal values of all the network members.#MetaGate This is an open source interface using the #TraceChain protocol making it possible to work with #MetaApps and networks. Third-party developers can use the #MetaGate code to embed #MetaApps and #TraceChain/blockchain features into various applications and browsers.#MetaHashCoin The network’s digital payment currency. It is used to ensure consensus,to pay for all network services and to control self-financing.Technology#TraceChain is the new internet protocol that the #MetaHash network is based on.#TraceChain uses a mathematical model of optimal signal propagation across the network. The synchronization of thousands of computers overloads a network and slows it down. To solve this issue, #TraceChain relies on mathematical algorithms powered by #TraceChain AI – all signals go from the outer radius to the cores. The signals are synchronized in multiple powerful cores and go back across the network.The more computers that need to be simultaneously synchronized, the higher the load on the network. The cores are not static and are constantly altered by voting. Adding high-performance computers to the network does not automatically make them cores, which protects the network against attacks. The core’s segments are fully decentralized and protected by Trust algorithms and additional verifications. The performance of the network core’s segments is checked and protected by external radiuses.
Comparison with current and prospective decentralized blockchain systems: Modern blockchain projects imply that cryptocurrency can only be used by technical specialists, traders and blockchain enthusiasts. Cryptocurrencies are complex and incomprehensible to a mass audience;
Today, none of the existing or prospective systems provide sufficient speed and convenience to make blockchain solutions usable on an industrial scale;
Speed, high transaction fees and huge complexity are the issues that the #TraceChain1 protocol is designed to address.
What Makes #TraceChain Stand Out From Existing Projects?
#MetaHash offers a solution that ticks all the boxes as a next-generation blockchain platform: Full decentralization You should never trust a network that is not decentralized enough. Full synchronization If high speed and sufficient bandwidth are achieved through reduced network synchronization, transferring data between network parts will eventually become problematic, outweighing the benefit.
Transaction speed under three seconds
The longer a transaction takes, the less convenient it is to use the system, and the more difficult it is for decentralized applications to run in full capacity.
The amount of transactions per second is not just another number. High bandwidth allows the network to keep transaction prices low because it has sufficient resources to process more transactions per unit of time.
The lower the transaction price, the more potential customers are interested in using the platform to store their financial transaction info and technical data.