INTRODUCTION
The emergence of cryptocurrency unlocked series of untapped opportunities. The cryptographic technologies in this digital era is an evidence of the digital advancement the digital world have experienced over the years. This rapid development in the blockchain however prompted a things like openness, irreversibility, autonomy, privacy protection and the urge for cryptocurrency trading. Moreover, a lot of platforms emanated due to the high demand for cryptocurrency exchange. As at 2018, the domestic tokens like the bitcoin and ethereum are generally accepted across the chain. The adoption of cryptocurrency is advancing, though gradual. Even with this tremendous success story, these platforms still suffer underlying challenges which have restricted the growth and proper advancement in the digital world.
SOME OF THE CHALLENGES SUFFERED BY EXISTING PROJECTS IN THE BLOCKCHAIN
Some of the challenges suffered by the existing blockchain system is discussed below:
INTEROPERABILITY
One of the issues attacking the blockchain is interoperability. The monopolistic nature of most of the platforms have made it difficult for communication across the chain to be possible. This has caused a huge drawback in the digital growth as most platforms prefer operating in silos. Projects like car automation is suffocated today with a crawling development due to the fact that different platforms handling the project tend to operate in silos, not working in a decentralised form in order to speed up the development through proper communication.
OPERATIONAL DELAYS
Another disturbing challenge faced by the current blockchain is delay in operations. Most of the time when trading the traditional coins like the bitcoin and ethereum, the transactions queue up, waiting for approval. This has posed as a threat, causing a drawback in the mass adoption of cryptocurrency, and making it more difficult for the system to be integrated into real world scenarios.
LACK OF ATTENTION TO END USERS
The feedback from end users is very important in upgrading to a better ecosystem. The participants in the blockchain find it difficult to communicate to the support team of platforms, which has slowed down growth in the digital world. The opinion of end users really matters as their challenges is supposed to be a huge concern. Most of the platforms make communication difficult even with the high technical difficulty of their platforms. This also has been a problem that deserves an attention.
THE SOLUTION TO THE BLOCKCHAIN CHALLENGES IS METAHASH
You may want to ask me HOW? First, let me tell you about MetaHash. MetaHash is a decentralised network for digital asset exchange. The platform proposes to build a decentralised applications that can be integrated in real life scenarios. One of the biggest challenge across the chain is the limitations that accompany centralisation. Meanwhile, the MetaHash project aims at allowing projects to become fully decentralised. The MetaHash project proposes a single solution which is a blockchain system that will bring other systems in unity into a single decentralised network, capable of recording each and every transaction. This opens the door for interoperability across the chain and resolves the issue of lack of communication across the chain.
EXTRA BENEFITS OF METAHASH
The MetaHash project aims at increasing the number of transactions per day by making room for a large scale transaction possibility which will allow cryptocurrency to be easily integrated into real life scenarios. The fees that is involved in transactions is also an issue that the MetaHash system aims to resolve. The system proposes a MetaHash coin which can be used for micro transactions.
WHAT IS THE NETWORK STRUCTURE OF METAHASH?
MetaHash also proposes a very strong and reliable network structure which consists of four parts. The TraceChain which is based on an automatic self learning algorithm which will boost reliability, the MetaApps which enables developers to build and public applications which are further subject to approval, depending on the votes of MetaHashCoin holders. The MetaGate which is an open source interface that utilises the tracechain protocol in order to power synergy between MetaApps and networks. And the MetaHashCoin which is the platforms digital payment currency.
Token Sale Information
Ticker: MHC
Token type: ERC20
ICO Token Price: 1 MHC = 0.0391USD
Fundraising Goal: 36,000,000 USD
Total Tokens: 9,200,000,000
Accepts: ETH
CONCLUSION
Speed, reliability and interoperability is what has been lacking in the blockchain over the years. These same underlying issues is what has made it difficult for cryptocurrency to be fully adopted by the mass market and integrated into real life scenarios. The MetaHash project however aims at resolving these underlying issues by fostering speed, reliability and interoperability which will ensure ease and convenience across the chain as the platform also aims at bringing a consensus and unity across the chain.
Roadmap
Core Team Behind Metahash Project
For more on this wonderful project please visit
Official website: https://metahash.org
Whitepaper: https://static.metahash.org/docs/MetaHash_WhitePaper_EN.pdf?v=5
Telegram: https://t.me/metahash_ENG
Facebook: https://www.facebook.com/MetaHash/
Eth address: 0xdb3aBa66Da08C1Bc770B9B764048f7fD9C3dCdba
Metahash would improve the speed of transactions on the blockchain thereby opening more windows of opportunities for real world use
Yeah this project no doubt will encourage mass adoption of blockchain technology as all lingering issues with previous blockchain challenges will be resolved by metahash
Metahash decentralised platform will ensure speedy transaction even with a very low transaction fee. This is a strong advantage over other blockchain project
MetaGate which is an open source interface that utilises the tracechain protocol in order to power synergy between MetaApps and networks.
Speed, reliability and interoperability has been the major bane of blockchain tech which has inhibited the mainstream adoption of this wonderful technology but I'm happy o learn of Metahash which puts an end to these problems to develop an efficient blockchain network
The project is a top notch blockchain project focused on building a platform that can be integrated in to real life scenarios. This certainly is massive.
Sir you nailed it, Metahash workability explained to its simplest term, speedy transaction ,cheap transaction fees, security and lots more. I am bullish on this one.
The lack of communication with blockchain support really slow down their platform, Metahash aiming to solve this issue for their users and the speedy transactions activities in the platform would be amazing.
The major plague that has triggered the unacceptability in blockchain technology remains it's scalability, security and interoperability. Metahash is geared towards solving at least one of this problem to make Blockchain technology better. Nice read.
Congratulations @justice3030! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPLots of good things on this platform. Decentralized, secure, swift, low transaction fees and lots more fromMetahash
Well explained MetaHash has a good concept