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Metachain - The Blockchain With a Democratic Consensus Principle by tradewonk

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· @tradewonk ·
$21.38
Metachain - The Blockchain With a Democratic Consensus Principle
<center>https://steemitimages.com/DQmbQ6ZS9Aem1uB6Ppjqgdy2NYLnm9FvauJyf1FoKoCD9WG/image.png</center>

**In the DACH region, a new blockchain is established according to the example of the DAO. The Metachain is based on partly already established and proven protocols of other blockchains, but promises decisive improvements.**

The name of the coin will be mine. The Hodl Mining Coin (MINE) is a cryptocurrency project based on the MetaChain of TrustChain Technologies. It is a newly developed blockchain technology which has the capacity to carry a large number of coins with different demands on a single blockchain.

It should be a much easier usability to be achieved, so that even laymen can generate their own coins without having their own programming skills. From the beginning it should have a scalability higher than the factor 1000 as Ethereum, whereby the scalability in the future can be increased slightly. Here is an overview, which shows the essential features of the blockchains BitCoin, Ethereum, Hyperledger and TrustChain.

https://steemitimages.com/DQmU6Q9ypE8iTHT6Vnd1gCBpRVDKHJD55Msboz1t8wLDLpr/image.png

**Source: https://www.tct.io/**

Cryptographic algorithms to be used are SHA3, SHA3-KECCAK, SHA3-CSHAKE, SHA3-KMAC, which are currently being used as quantum-proof - meaning they can not be decrypted by quantum computers.

The most significant innovation, however, is the new Consensus algorithm called the Proof of Trust / Proof through App. This is to eliminate the disadvantages of proof of work with its high hunger for energy when mining or proof of stake where those who already have many coins with it also get a higher vote / vote. The Proof of Trust algorithm promises democratically distributed voting rights, as is the case in the real world of cooperatives. As voting devices that make the consensus, 3 categories are defined. Full Nodes, Clients and Mobile Devices.

<center>***All three systems involved are involved in the transaction fees, making their work worthwhile. The most important goal is to be fair and equal - not that the one with the most computing power makes the most money, nor the one with the most coins make the most money - trusted nodes earn less because they are more frequently selected, clients and Mobile devices randomly selected.***</center>

**Source: Whitepaper https://www.tct.io/wp-content/uploads/whitepaper_en.pdf**

Smart contracts use Ethereum's established technology. Ethereum's Smart contracts are compatible with the Metachain TCT network. Those who program solidity today can use this knowledge in Metachain.

In addition to a wallet that supports all the coins that exist on the metachain, the TCT network includes a simple crypto-exchange.

____________________

**Thank you for reading!**

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@appreciator ·
<p>This post has received gratitude of 2.77 % from @appreciator thanks to: @tradewonk.</p>
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@buildawhale ·
<p>This post has received a 2.57 % upvote from @buildawhale thanks to: @tradewonk.
Send at least 1 SBD to @buildawhale with a post link in the memo field for a portion of the next vote.</p>

<p>To support our daily curation initiative, please vote on my owner, @themarkymark, as a <a href="https://steemit.com/witness-category/@themarkymark/witness-themarkymark">Steem Witness</a></p>
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@cranium ·
$0.06
Good luck with your project. I believe that you will succeed.
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@tradewonk ·
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Thanks buddy!
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@rahim2012 ·
nice post
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@tradewonk ·
$3.20
Thank you!
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@stadex ·
HOPP SCHWEIZ.
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