Friends, as you know, blockchain problems are not limited to the low speed and bandwidth only. Today, it’s time to talk about another unpleasant aspect, clouding the global euphoria from the Blockchain. Сapitalization growth of any existing blockchain project will inevitably lead to attempts of detractors to withdraw assets and block the whole network. The work of ALL main existing cryptocurrencies can be completely stopped by less than 1% of their current capitalization.

In the previous post we’ve already shared some details of our security concept with you. Thanks to our solutions, now it is impossible to gain control over the network, even with a budget of billions of dollars. #Metahash embodies the principles of true decentralization among real people, not groups of dominant users owing giant farms. Absolute power over the network is impossible, even with more than 67% of #MHC concentrated in one hands.

Every day the nodes belonging to the #MetaHash Company establish the anchor of the last block in the networks Ethereum, Bitcoin and some others. In the case of a successful attack, this fact will help to restore the #MetaHash network stability by the method of general voting. Fidelity of the anchor installation can be checked by any network member. Thus, to change the data of the #MetaHash network, you need to attack successfully both the #MetaHash network and additional Blockchain-networks, what is absolutely impossible.

In addition, there is a system of ranking the trust levels to the nodes. If a node handles a transaction incorrectly, that will reset its trust. A node will be able to come close to 99% of trust level only after 6 months of continuous operation. If the node was used to disrupt or slow down the network, it loses accumulated trust and cannot be fully used for a long time.

So, as you can see, we found an effective solution to protect the network from “money attack”. Additional checks will not allow you to block or corrupt the network, even with 67% of servers or tokens. Isn’t that a great chance for every blockchain project to grow without any risk?

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