#MetaHash, a new blockchain-based digital asset exchange network and decentralized real-time application platform, today announced the public debut of its #TraceChain protocol and #MetaGate browser.
The #MetaHash network is designed to solve many of the issues currently plaguing the industry, including partial centralization, high fee, and slow transaction speeds.
Interested parties can now download the free browser to experience the first geographically distributed network capable of processing over 50,000 transactions per second, at no more than three seconds for approval. The network is available for trial on Windows, OS X and Unix, with iOS and Android to follow shortly.
With a common vision of blockchain interoperability as the future of the distributed web, the founding team developed #MetaHash, a next-generation solution based on blockchain 4.0, which allows networks to interact and integrate with each other.
The #MetaHash system is comprised of four components that form a single, synergistic entity:
- #TraceChain – An automatic self-learning signal routing protocol, #TraceChain can process more than 50,000 transactions per second. It grows as more nodes with higher bandwidth are added to the network, forming its core and improving the reliability of additional #DataChains needed for running applications.
- #MetaHashCoin (#MHC) – #MHC is a digital asset that acts as means of payment in the network. #MHC provides consensus and regulates self-financing of network development. Digital assets in the form of tokens in the #MetaHash network can be exchanged within the network, and also converted into tokens of other networks, including Bitcoin and Ethereum, and back.
- #MetaApps – 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, while #MetaHashCoin holders decide via open vote whether or not to approve updates or changes, reflecting the universal values of all network members.
- #MetaGate – #MetaGate is a browser for decentralized applications that includes a multi-currency wallet. Via its open source interface, third-party developers can use #MetaGate code to embed #MetaApps and #TraceChain/blockchain features into various applications and browsers.
Contrary to comparable networks, #MetaHash is expertly designed to process record volumes of transactions with relatively inexpensive hardware, resulting in some of the industry’s lowest per transaction commission rates. The trial period, expected to run through Q2 2018, leverages more than 200 temporary servers throughout the world, that will be replaced by token owner nodes once the network is fully functional.