Don’t you forget about weekly #MetaFAQ column! #MetaHash Team is here for you with fresh answers to the TOP-hot questions of the week!
Let’s go!
1.What are #MetaChains?
These are Decentralized parsers of all popular blockchain platforms. In order for #MetaApps to immediately respond to events in any blockchain system, we 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.
2.What are #MetaTokens?
This Application features 3 critical functions:
- The capability of tokenizing #MHC into ERC20 digital assets and others automatically;
- Seamless conversion of any digital asset into #MHC;
- A platform for transferring digital assets between #MetaHash and Ethereum blockchain wallets effectively.
3.How does #MetaApps make Tokenization of digital assets possible?
A digital asset, equal in value to the original token, is created within the #MetaHash network. At the same time, the original asset is frozen on the blockchain platform it belongs to. Tokenization has the retroactive effect of converting a #MetaHash asset into an original token.
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. The protected and automated decentralized data storage service will be created under the supervision of #MetaHash Company but financed from data storage fees. They will not belong to the #MetaHash Company.
