Certainly you may wonder how the #MetaHash team offers to solve such a serious problem of existing blockchain projects as a depletion of a network by mining. I think there is no need to explain why this situation has become a problem. PoW mining slows down the network, reduces its bandwidth, and also requires the use of expensive resources to protect the network. In addition, the resource requirement for this type of mining is extremely high and grows with each transaction, as complex computers and much electric power are used to generate each block.

The providing mining concept differs from those offered on the market. #MetaHashCoins forging is performed in wallets and network nodes, which limits the necessary resources to a minimum. A fee for mining is formed from the forging pool and commissions for transactions. The settlement performs every 6 hours during the procedure of forming the block (with increasing scale, the frequency of settlement and charge may vary).

Contrary to PoW, the #MetaHashCoins forging servers do not become obsolete and their effectiveness does not decrease, as their number is limited by the coin rate. The only thing to be improved is the quality of core system equipment (if scaling is necessary), but commissions from transactions at this stage will have fully paid off the upgrade.

So, how does the resource allocation occur? Owners of #MetaHashCoins receive 50% of remuneration for forging, 40% get owners of the network servers, 10% are distributed among the active wallets owners. The winners of the new round among the wallets are calculated using a mathematical formula that gives a completely random distribution between active wallets based on the results of all the transactions that occurred before the end of the last round. Owners of such wallets, having more than 1 #MHC on an account, receive from 5% to 0.002% #MHC.

Since such a mining model is less energy-consuming and does not require much computing power, the #MetaHash network has great potential and practical value. Our solution provides everything a modern user needs — speed, resource saving, reliability and availability. Change the future with us, join our project!

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