A MultiPoS consensus blockchain and decentralized real-time application platform has revealed how it plans to move away from mining technology in favor of forging - arguing that a multi proof-of-stake method is more effective and rational for its users.
MetaHash says forging does not require expensive hardware that's packed with computational power, which is one of the reasons why mining is so energy intensive, expensive and inaccessible to some crypto enthusiasts.
The company has unveiled a "Simple and transparent" process for distributing rewards once transactions are validated.
MetaGate is a browser where decentralized applications - built using "Revolutionary platform" called #MetaApps - can be accessed.
The startup claims that software constructed through its platform benefits from a graphical user interface that's comparable with web services that are known, loved and regularly used by the public at present.
In a blog post, the company explained: "Mining amounts to the solution of a math problem with the possibility of further verification by any other member of the network. #MetaHash changes this principle. Forging on our platform means forming the block together with all network members and simultaneous [sic] dividing commissions between all users."
MetaHash says it has opened its mainnet following months of load tests - with the end results showing that the platform regularly exceeded its advertised capacity of 60,000 transactions per second.
Describing its #TraceChain-based platform, the company said: "It offers unparalleled speed, security and decentralization at the lowest price per transaction in the history of blockchain."
The company has launched a queue-based coin sale at 12:00 UTC on 29 June 2018 - paving the way for interested contributors to purchase #MHC in either Ethereum or Bitcoin.
Looking beyond its token sale, #MetaHash has bold plans to further improve the four components that comprise its platform.
MultiPoS Consensus Blockchain Platform to Offer 'Simple and Transparent' Reward Distribution for Forging
gepubliceerd op Jun 29, 2018
by Cointele | gepubliceerd op Coinage
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