We already discussed what #MetaChains is and how can a #MetaHash user benefit from it. We also mentioned the process of usage of #MetaChains in #MetaApps, however, #MetaGate, #MetaICO and #MetaToken are also featured when the discussion involves #MetaChains. This article will emphasize the importance of #MetaChains in other parts of #MetaHash more precisely.
#MetaToken
#MetaChains is used in the process of tokenization of digital assets. By using the data provided by the #MetaChains app and taking advantage of the protected and automated decentralized data storage service, the user can convert any blockchain network’s token into #MHC and use it in the #MetaHash network. If required, the asset can be automatically converted back and transferred to its original blockchain network. This way, any digital asset (token) can be turned into a #MetaToken and used in the #MetaHash network.
#MetaICO
#MetaICO will accept any cryptocurrency using the data received from the #MetaChains app and convert the #MetaHashCoins into Ethereum tokens and ERC20 tokens of other networks.
#MetaGate
#MetaGate consists of a multi-asset wallet that supports “light mode” without downloading the entire blockchain. Data comes from different sources of the decentralized network and is checked by the user. Of course, the wallet can work in “full node” mode or by selecting trusted nodes that have a copy of the #MetaChains application. (Private keys from all blockchains used will be stored only by the user).
Last way of #MetaChains application, but not least is the ability to act as the decentralized parsers of all popular blockchain platforms. In order for #MetaApps to immediately respond to events in any blockchain system, #MetaHash will release decentralized parsers allowing the use of API to get balance info and transaction history from wallets across various blockchain platforms. This will allow applications to respond to different blockchain events and verify data accuracy by sending queries to network nodes.
As you can see, #MetaChains is an integral part of #MetaHash. Its importance cannot be exaggerated. The fact that all major parts of #MetaHash require #MetaChains speaks for itself.
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