#Metahash - Meet Tracechain

Metahash.org

Hello friends!

As we said in the previous post, Metahash is composed of 4 pillars that support this wonderful ecosystem.

And today we are going to talk about the 1st of them, You will see from all the details of Tracechain, also because it is the best option of Blockchains compared to the best blockchains projects existing in the world today, All existing blockchain systems (those already available

and those who are under development), are very slow and expensive or not quite decentralized.

#Tracechain

Technology

#TraceChain is the new internet protocol that the #MetaHash network is based on.

#TraceChain uses a mathematical model of optimal signal propagation across the network. The synchronization of thousands of computers

overloads a network and slows it down. To solve this issue, #TraceChain relies on mathematical algorithms powered by #TraceChain AI - all signals go from the outer radius to the cores. The signals are synchronized in multiple powerful cores and go back across the network.

The more computers that need to be simultaneously synchronized,  the higher the load on the network. The cores are not static and are constantly altered by voting. Adding high-performance computers to the network does not automatically make them cores, which protects  the network against attacks. The core's segments are fully decentralized and protected by Trust algorithms and additional verifications. The performance of the network core's segments is checked and protected by external radiuses.

Main Advantages

Comparison with current and prospective decentralized blockchain systems:

• Modern blockchain projects imply that cryptocurrency can only be used by technical specialists, traders and blockchain enthusiasts.
• Cryptocurrencies are complex and incomprehensible to a mass audience;
• Today, none of the existing or prospective systems provide sufficient speed and convenience to make blockchain solutions usable on an industrial scale;
• Speed, high transaction fees and huge complexity are the issues that the #TraceChain1 protocol is designed to address.

#TraceChain is an automatic self-learning signal routing protocol

Below is a comparative analysis of the systems that currently hold leading positions in the market:

Bitcoin

PoW (Proof of Work) is a reliable, but very expensive, network integrity protection mechanism. The four Bitcoin mining pools fully control the

network and comprise 60% of Bitcoin hash power. These four pools form the longest chain, which is considered valid in case of conflicts.

The synchronization process in blockchain is renowned for the problem of slow nodes. The network is slow as long as its nodes are slow. A

significant portion of the Bitcoin network is physically located in places with cheap electricity and slow internet (most often 3G).

A lot of Bitcoin nodes have such low bandwidth that increasing a block size limit from 1 to 4 MB would cut off a significant part of the network.

Bitcoin's most pressing issue is that its core resources are concentrated in the hands of people who are, most often, not stakeholders. Miners are interested in maximizing their income and exchanging coins to regular currency to cover electricity and equipment costs. Thus, PoW

miners always act against the interests of the blockchain network. At any time, any blockchain miner can redirect the mining power to

another blockchain platform.

Bitcoin forks and systems built on a similar code

Typically, they are characterized by higher bandwidth and a bigger block size. Bitcoin has enough power to store transactions, but it is still not

enough to run applications.

EOS

EOS is a reliable and fast banking system. However, it is centralized. 20 supercomputers control the network and provide a maximum number of

votes. These top 20 computers synchronize transaction data and receive all commissions. Sometimes the commission is paid to one more computer which is chosen on the basis of the weight of votes cast in its favor.

As the top 20 servers are static, they attract high amounts of delegated coins and the system gets highly centralized as it is almost impossible to

get a new server to the top 20.

Lightning Network

Lightning Network features an excellent concept of transferring data between several participants. The system works well if a group of participants needs to make a lot of transactions amongst themselves in the course of a day. The group's money is stored in the multi-signature wallets of the participants. However, this platform has a limited use, because the same group of participants are unlikely to need to exchange data multiple times. When a transaction has to move outside the organized group, there is no gain in speed and it is limited by the bandwidth of the network within which it operates.

Ethereum

Ethereum features a good implementation of PoW, but at a very slow speed caused by direct synchronization between a multitude of participants and low throughput of many PoW nodes. Its smart contracts are of particular value because they enable response to events in the Ethereum network, but unfortunately they cannot react to anything else and are unsuitable for real-time applications.

Ethereum Plasma

This is a very good solution for increasing the bandwidth of the Ethereum network. Transfers of tokens and application data take place in separate blockchains and are based on the principle of PoS consensus, with anchors stored in the main Ethereum blockchain which operates on the PoW algorithm. This will significantly improve the performance of smart contracts that only respond to events in the Ethereum network. But the speed  of the main network will remain low and average users will still be unable to use wallets due to a very low block download speed (up to several days), even after a weekly break in use and the huge size of the current chain which has to be fully downloaded onto your computer. Light wallets could be an alternative solution, but using them could be risky because projects associated with them are under-funded.

What Makes #TraceChain Stand Out From Existing Projects?

We couldn't find any project focused on creating a fully decentralized and synchronized network capable of quickly processing data on a large-scale, global basis, so we created #MetaHash

Many of the current projects feature clear and useful ways of application yet fail to fully meet the needs of the market.

#MetaHash offers a solution that ticks all the boxes as a next-generation blockchain platform:

• Full decentralization

  You should never trust a network that is not decentralized enough.

• Full synchronization

  If high speed and sufficient bandwidth are achieved through reduced network synchronization, transferring data between network parts will eventually become problematic, outweighing the benefit.

• Transaction speed under three seconds

  The longer a transaction takes, the less convenient it is to use the system, and the more difficult it is for decentralized applications to run in full capacity

• High bandwidth

  The amount of transactions per second is not just another number.

  High bandwidth allows the network to keep transaction prices low because it has sufficient resources to process more transactions per unit of time.

• Low prices

  The lower the transaction price, the more potential customers are interested in using the platform to store their financial transaction info and technical data.

Source - Metahash.org

Well friends, as you can see, the Metahash ecosystem is fascinating, with fantastic solutions, which we will share in detail with all of you here.

For today it is just, follow us, that we will return with much more information about Tracechain, the blockchain of the future that is already reality !!!

For more details, visit: https://t.me/metahash_eng