Startup MetaHash has developed and launched the TraceChain technology based on the decentralized distributed registry. Its creators note that the bandwidth of the network based on TraceChain is much higher than that of the blockbuster, - reports Cryptonomist referring to ComNews.
"This is a more advanced version of the blockbuster that uses the artificial intelligence of TraceChain AI for fast signal transmission over the network and an architecture that allows validating more than 50,000 records per second with transaction verification by all nodes of the network," explains Olga Chekina, PR Manager at MetaHash.
In modern block systems, transactions take place on average in a few minutes, in TraceChain, almost all transactions "fly" in seconds. The developers report that they conducted tests, during which the capacity of the distributed network already amounted to 60-80 thousand transactions - this is quite comparable to the capacity of Visa or MasterCard.
To work, TraceChain does not require expensive supercomputers and any special technological solutions, so the use of technology can provide not only fast and inexpensive transactions, but also will help save a lot on electricity. To start the network it is enough to rent an inexpensive server for $ 40 per month.
The development of the start-up took about five years, deliberately not attracting any investments, therefore everything that the company has at the moment is created by its own means and efforts. Now the guys are preparing for the ICO, after which the developers will be paid honoraria, and the project itself will become completely non-commercial.
The technology TraceChain can be used to develop games, instant messengers and other applications, it is useful in decentralized exchanges, file storage and much more. Public testing of the network is planned to be launched in April, so that everyone can assess its capabilities. The wallet for working with the network will be presented simultaneously with its launch.
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