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#MetaHash – a next-generation network based on the Blockchain

The low speed, closed nature of blockchain networks, and their inabili – ty to interact with each other, are the real problems slowing down the development of this technology in general. #MetaHash is designed to create a single solution that allows blockchain systems of the future to unite into a single decentralized network, capable of recording each and every transaction. The self-regulating #MetaHash network, in fact, creates a basis for the emergence of a fully-fledged branch of the decentralized internet. It doesn’t depend on individual creators once launched and is managed by open voting of users or #MetaHashCoins holders. A fully decentralized internet would bring freedom from the control of large corporations. Project management would be in the hands of end users. The key distinction of decentralized projects running on open source code is the fact that they are built the way users need them. Projects are created for users rather than for maximizing benefits to a limited group of stakeholders, which harms both the market and the users.

#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 #MetaHashCoins. #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.

#MetaApps

With #MetaHash, any program written in any programming language under any operating system can become a decentralized app and work with both data from the internet and data from any blockchain system. #MetaApps run in real time as regular websites and services, but they are decentralized and even their creator cannot change their be – havior unless their users or owners of their digital assets (tokens) cast their votes. #MetaApps is an evolution of smart contracts and can be used to de – centralize any service. These are independent programs that can exist forever and do not belong to anyone. They work exactly as programmed and cannot be tampered with by third parties.

Self-financing Applications

The number of computers running a copy of a #MetaApp depends on the amount of #MetaHashCoins generated per day as well as its resource consumption. Anyone can top up the account from which #MHC will be debited. Alternatively, a certain percentage of an app’s income may be transferred to its account. Any app developer can program an application to use a certain share of its revenue to support its work in the network and keep the rest of the revenue to finance further app development. In this model, the team that develops an application can be selected by the users of the project by general voting. The issues of marketing and the need for other services can be addressed collectively, too.

For more information,visit the WEBSITE or read the Whitepaper.

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