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MetaHash Now Fully Decentralized; DeFi, DEX, NFT Tools to Launch Soon

MetaHash Now Fully Decentralized; DeFi, DEX, NFT Tools to Launch Soon
  • MetaHash has just announced the completion of its decentralization process.
  • It further plans on releasing many more tools to aid crypto projects.
  • Soon they will release a voting feature to get feedback from users on updates.

MetaHash has just announced the completion of its decentralization process. With this, the platform is confident of becoming a leading application management system. It further plans on releasing tools for DeFi, DEX, NFT, and other types of crypto projects.

According to MetaHash, it will implement ultra-high-speed and extra-low commission. Consequently, these tools will help the project launch an effective and advanced infrastructure for crypto enthusiasts, developers, and startups.

First launched in 2018, MetaHash has gone through the releasing of peer, torrent, verifying, and core nodes. Now, it will become the first-ever fully decentralized distributed network on the market.

At the moment, the project runs with over 250 fully owned and community-operated nodes. The current speed capacity exceeds 160,000 tps while the commissions are several times lower than in any other blockchain.

“Our development team spent several years to reach full decentralization,” commented Gleb Nikitin, Co-Founder and CTO of MetaHash.

“Now we have all the technical benefits in place – the network is fast, decentralized, and cost-effective. Our next goal is to deliver tools which will let people use all these advantages in creating various crypto projects in the most convenient and effective way, even without special programming skills.”

These tools will include applications, interfaces, and integration solutions. They aim to make finance and asset creation in crypto available to many more people. To do this, they will use simplicity and an out-of-the-box approach.

For instance, smart tokens will get its own user interface. This will let anyone create and set up a token, and automatically upload it to the network without any programming. On the other hand, non-fungible tokens (NFT) will get a dedicated application for extra-simple use.

The network will get its own decentralized and zero transaction fee exchange as an example of how fast and secure DEXs can be if built on MetaHash with its native tools. Besides, an open-source integration with third-party DEX and DeFi projects will be added.

Apart from releasing these additions by the end of the year, in the coming months, the team will release Voting – the last element of the initially announced roadmap and the key component of a self-governed ecosystem of MetaHash.

Though the project’s team will continue to support and release major updates, with Voting in place any coin holder will be able to suggest and/or vote on any new update of the code, thus making the network more flexible and reacting to the market’s demands.

Details and dates of further updates including mentioned tools and applications will be released later through official announcements.

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