As you know, each high-level network requires its own tools for efficient work with it. #MetaHash is a global, decentralized, self-financing system with self-development inherent in its genetic code. Functioning of such a system is impossible without relevant forms of currency for paying for operations both inside the network and outside of it. Such a tool is #MetaHashCoin (#MHC), the internal currency of #MetaHash, which is used to ensure the reliability of the network and the payment for any services. Let’s go deeper in its functionality!

The sphere of application of #MHC is quite wide. Firstly, #MHC is used to pay for instant and reliable transactions made with any assets at an adequate fixed price. Secondly, any decentralized application requires resources to host (including the #MetaHash network itself), so, the #MHC is just the financial tool within the network. Thirdly, storing data of applications that lack the speed and volume of data in other Blockchain systems would be impossible without the support of #MHC. And, of course, many other additional services also need to be paid (for example, listing in #MetaApps or advertising in #MetaGate).

How are these coins extracted? Of course, the main source is network servers that have enough resources for forging, but remember that you need collateral coins for network security to earn #MHC with servers. Further, these are active wallets on computers, the forging system on which has been described in detail in our previous posts. And, of course, #MetaHashCoins also strengthen the power of consensus on the hybrid voting model of components + multiPoS.

And, most importantly, why is it so important to have #MHC, and not be limited to other currencies? It’s simple — a certain amount of our coins on your wallet provides: the right of access to the system #MetaHash; the right to use the public wallet #MetaGate; the right to place advertisement on the platform; the right to use the content; and, of course, the opportunity to increase your profits by forging!

As you can see, the value of #MHC is created not only by speculative demand, but also by the real product needed by people and companies. The #MetaHash team offers you a unique platform, whose future will be important for everyone, because each participant is its full part, not just a user!

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