On 29th of June, #MetaHash, a MultiPoS consensus blockchain and decentralized real-time application platform, opens its MainNet and starts queue-based coin sale prior to its upcoming start of forging initiatives. The MainNet is preceded by months of load tests and a public TestNet, which showed results above declared capacity of more than 60,000 TPS, with under 3 seconds of validation through more than 500 billion transactions processed within the test phase.
In comparison to mining, forging does not require specific hardware with lots of computational power like ASICs or video cards. Thus, for #MHC the protection of the network consensus is based on the value of the network native coins. It is enough to rent any common web-server or use a home PC with good internet connection. Owners of the acquired #MHC will be able to become the first nodes and thus, contribute to the network’s growth while enjoying the full advantages of the early forging which is scheduled for August this year.
With the opening of MainNet and start of #MetaHashCoin (#MHC) distribution the first buyers would be able to benefit from starting forging early before the amount of forgers increases and forging rewards are split between more participants. #MHC can be now bought via ETH or BTC but at a price equal to $0.0391 converted at the exchange rate at the time of the purchase. Within the started coin offering, the amount of 920,000,000 coins will be distributed, the goal of the initial offering is set at $36 mln.
Community Trust Nodes With Most Votes
50% of all rewards for forging are distributed among #MHC owners, while 40% are granted to nodes’ owners. The remaining 10% are used for rewarding the active users of the #MetaGate browser. Coin holders can also entrust their voting rights to their own nodes or may give their voting right to the operator of the node they trust and get a share of the commission. In this way, large numbers of votes are concentrated at nodes that the community trusts, making attacks on the system more difficult.
To get #MetaHashCoins all interested parties can join the queue and follow instructions at #MetaHash official web-site: metahash.org/#ico
#MetaHash is a blockchain-based digital asset exchange network and decentralized real-time application platform. The versatile network utilizes artificial intelligence (AI) to synchronize cross-continental nodes to create an optimal map of the network, based on latency rates. The technology then redistributes the data accordingly, harnessing the full power of the entire network, enabling unprecedented processing speeds capable of five billion transactions per day, at no more than three seconds for approval of each transaction.
The platform, based on its unique #TraceChain protocol, offers unparalleled speed, security and decentralization at the lowest price per transaction in the history of blockchain. Signaling the future of the distributed web, #MetaHash is among the pioneers of blockchain interoperability, allowing networks to interact and integrate with each other.