#MetaHash Opens MainNet and Starts Coin Distribution for the Upcoming Forging

Jun 29, 2018 at 11:31 // News
Guest Author
#MetaHash opens MainNet

ZUG, Switzerland – June 29, 2018 – On 29th of June, #MetaHash, a MultiPoS consensus blockchain and decentralized real-time application platform, opened its MainNet and started queue-based coin sale prior to its upcoming start of forging initiatives. The MainNet is preceded by months of load tests and a public TestNet, which showed results above declared capacity of more than 60,000 TPS, with under 3 seconds of validation through more than 500 billion transactions processed within the test phase.

With the opening of the MainNet and start of #MetaHashCoin (#MHC) distribution, the first buyers will benefit from forging early, before the amount of forgers increases and forging rewards are split between more participants. Starting from 12:00 UTC on 29th of June #MHC can be bought via ETH or BTC, but at a price equal to $0.0391 converted at the exchange rate at the time of purchase. During the coin offering 920,000,000 coins will be distributed and the goal of the initial offering is set at $36 million.

Owners of #MHC will become the first nodes contributing into the network’s growth and enjoying the full advantages of the early forging, scheduled for August this year.

In comparison to mining, forging does not require hardware with lots of computational power like ASICs or video cards. The protection of the network consensus is based on the value of the network native coins, which is enough to rent any common web-server, or use a home PC that has a good internet connection.

50 percent of all rewards of forging are distributed among #MHC owners, 40 percent are granted to nodes’ owners and the remaining 10 percent are used to reward #MetaGate browser’s active users. Coin holders can also entrust their voting rights to their own nodes, or may give their voting right to a trusted node operator and get a share of the commission. This way, large numbers of votes are concentrated at nodes that the community trusts, making attacks on the system more difficult.

To get #MetaHashCoins, all interested parties can visit the #MetaHash official web-site: metahash.org/#ico

To view the white paper and gather more information, please, visit metahash.org. You can also check the company’s Medium blog, Facebook page and Telegram chat.

About #MetaHash

#MetaHash is a blockchain-based digital asset exchange network and decentralized real-time application platform. The versatile network utilizes artificial intelligence (AI) to synchronize cross-continental nodes to create an optimal map of the network, based on latency rates. The technology then redistributes the data accordingly, harnessing the full power of the entire network, enabling unprecedented processing speeds capable of five billion transactions per day, at no more than three seconds for approval of each transaction.

The platform, based on its unique #TraceChain protocol, offers unparalleled speed, security and decentralization at the lowest price per transaction in the history of blockchain. Signaling the future of the distributed web, #MetaHash is among the pioneers of blockchain interoperability, allowing networks to interact and integrate with each other.

To learn more, please visit metahash.org or follow #MetaHash on Medium. You can also join the official chat on Telegram and subscribe to project’s Facebook page.

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