As you know, the project #MetaHash so differs from the other projects that its details always cause a lot of questions. One of the most popular questions concerns our forging technology and rewards distribution. What is the difference between mining and forging and what advantages does the last one has, we described in detail in the previous post. However, for the time being, our rewards system for building new blocks was not presized. But it is an extremely important and interesting question!
So, we are going to share with you this information! The great news is that owners of #MetaHashCoins receive 50% of reward for forging. The owner of the wallet can easily delegate his resources to the nodes he trusts (including his own node). Also, #MHC owner may not choose his own node, but transfer his voting right to the operator of the trusted node, receiving his commission share. Thus, many voices are concentrated on nodes chosen by the community, what makes attacks on the system more and more difficult. 50% of the total pool consists of commissions credited to #MHC owners regardless the rate limits considered in the calculation of the force voting for the bloc. #MHC from the forging pool and commissions from transactions for the rate 1 #MHC are calculated by a rather complex formula. You can study the examples of calculations in White Paper of # MetaHash.
Further, 40% are received by the owners of network servers. Only the nodes with the highest technical parameters and a large number of delegated coins can become the core of the network. The stimulation system is designed to add nodes with the biggest bandwidth. For the correct operation of the system, a large number of machines is not as important as the presence of very fast computers with large channels and weaker ones that act as peer-to-peer nodes and protect the core of the network. As the network is filled with nodes with high bandwidth, the amount of transactions that the network can process per unit of time also grows. Minimum rates for roles are detailed in the documentation which you can easily find on the official website # MetaHash.
What is really interesting, owners of active wallets also receive their share! The remaining 10% is distributed between them according to the following principle: the winners of the new round are calculated by the mathematical formula providing a random distribution between active wallets basing on the results of the previous trimming hash. Thus, the winners become known immediately at the beginning of a new round and receive reports about this fact in their wallets. All users can easily recheck the accuracy of the calculation using that formula same for the whole network.
As you can see, the creators and developers of #MetaHash have made every effort to make the system usable, distribution of rewards fair, and participation and development on our platform promising! Join us to evaluate all the advantages of #MetaHash network!
