Although this blockchain has many useful advantages, it still hasn’t become popular with the public. Its main selling point is the fact that it is able to process transactions in less than 3 seconds. It can also handle more than 100,000 transactions per second, which is a lot more than popular networks like Ethereum. Prior to the release of the network in 2018, it had been tested thoroughly to ensure that it is able to meet the declared capacity. MetaHash is also able to process transactions for free, and this is one of the key reasons behind its creation.
Briefly about MetaHash Blockchain
This network was developed by Gleb Nikitin, and he currently serves as the tech leader in the company. It currently has a team of more than 150 members, and its main purpose is to eliminate transaction fees and increase the number of transactions that can be processed in a day. The developers also aimed at increasing the speed of transaction approval with this blockchain. The native cryptocurrency of the network is MetaHash coin, and users can use the network to create tokens of any other assets.
Metahash is fast, secure and decentralized with PoS on the network with the same name.CryptoLists.com
One of the unique features of this blockchain is the fact that it uses multi-PoS to verify transactions. This system substantially reduces the time taken for transactions to be confirmed. With most PoS blockchains, the nodes have to confirm the transactions in turn, and the longest block is accepted as the right one. However, with multi-PoS, all network nodes participate in voting and block formation at the same time. MetaHash is also highly scalable and can process over 100,000 transactions per second.
Utility of MetaHash Blockchain?
You can use MetaHash blockchain to make any project fully decentralized. It also allows for the creation of sub-chains that are protected by the main MetaHash network. These sub-chains are meant to operate on the basis of the TraceChain protocol, and they help to prevent the overloading of the main network. The network also allows users to create digital assets in the form of tokens. Since it supports interoperability, any asset in any other blockchain system can be converted to MetaHash coins.
MetaHash Blockchain
Release Date: June 29, 2018
Advantages at MetaHash Blockchain
+ MetaHash can process 100 000 transactions in less than 3 seconds.+ You can use MetaHash to transfer funds for free.
+ Minimal environmental impact since it uses the multi-PoS system.
+ Developers can create dApps and tokens on the MetaHash network.
Disadvantages
- The company could do way more with marketing. Last YouTube video was posted 2 years ago.- Compared to other blockchains, MetaHash ecosystem is relatively unknown.
- Validators with large holdings of MetaHashCoin can make the network more centralized.
- Lots of blockchains are able to offer the same benefits as MetaHash.
Costs
▪ Rated at 10/10MetaHash processes many transactions for free. The fees only appear as the network usage grows, and this is meant to protect the blockchain against spam. Given that the network charges little to no transaction fees, it can be used for micro-transactions. It is worth noting that many existing networks charge fees of more than $20 per transaction, especially those that use the proof of work system.
Reputation and Buzz
▪ Reputation rated at 9/10▪ Buzz rated at 8/10
While MetaHash blockchain has proven to be extremely useful, it is still yet to gain mass adoption in the mainstream crypto community. This is likely because the company doesn’t invest a lot in its marketing team. As the project gains stability, the company may focus more on getting the word out about the blockchain. That being said, it is a highly promising project that will have a lot of real-world benefits. If you want to join discussions on this blockchain, you can follow its official page on Twitter or on its subreddit (r/metahash). We will also consistently post any news-worthy updates about it at Crypto News.
FAQ
Who created MetaHash Blockchain?
This network was developed by Gleb Nikitin, and it was released to the public in 2018. Gleb Nikitin now serves as the tech leader in the company and is instrumental to the progress of the project.
Is MetaHash Blockchain proof of stake?
This network uses the multi-proof-of-stake system to validate transfers. With this system, the network is able to process transactions faster and at lower costs. Also, the multi proof of stake system is less harmful to the environment as it requires less energy than PoW.
Will MetaHash Blockchain overtake Ethereum?
The crypto sector can be difficult to predict, but it is highly unlikely that the newer blockchain will ever overtake Ethereum. This is because Ethereum is properly established and enjoys the first-mover advantage.
What is the native cryptocurrency of the MetaHash blockchain?
The native cryptocurrency of this network is the MetaHashCoin, but users can tokenize various assets on the network. This cryptocurrency can be used to make micro-transactions on the blockchain.
What is MetaGate?
This decentralized app directory and browser is meant to work as a gateway to a decentralized internet. It is also a multi-asset wallet that will not overload your computer.
Screenshots from MetaHash Blockchain
Native crypto coin for this blockchain? Learn more about MetaHash (MHC)
MHC is the native coin for MetaHash Blockchain. It is therefore also worth reading more about that on the link below.›› Read our full MetaHash review here
