HetaChain platform as a new generation 3.0 Blockchain.

aleksvip30 (40)in #blockchain • 5 years ago

Since the creation of the first White Paper, 10 years have passed. At that time, no one knew that the principles described in these few pages would produce a real technological revolution. The Blockchain technology today is a tool without which the daily routine of millions of people is unthinkable. These people can conduct financial settlements from different countries, invest in innovative projects and much more. Independent development teams create decentralized applications, extending these capabilities. However, many of them are not yet possible to implement due to technological deficiencies of the existing blockchains. Blockchain technology has problems that prevent developers from creating large-scale revolutionary projects in various fields. The HetaChain team creates a solution that will have to give new impetus to this activity. Today my review is dedicated to the ICO of this project, which is called Hetachain.

Today, there are problems such as low transaction speed. Existing decentralized applications can handle a relatively small number of users. The more of them, the slower the transaction. Accordingly, consumer loyalty is lower. The next problem is related to the possibility of hard forks. Sometimes you have to resort to them. In this case, the blockchains are divided into two different. In this case, the user load is far from the limit. If there are users 1000 times more, then the need for hard forks will increase. Then the consensus will lose its meaning. Another serious issue is safety. As a rule, decentralized applications deal with blockchain and real world connections. These are the most vulnerable places where intruders can harm the consensus. The more user activity, the greater the opportunity. Today, attempts are being made to solve these problems. Blockchains 2.0 and 3.0 are being created, but basically all these problems remain unresolved.

The advantages of the project over competitors:

HetaChain is the new generation of Blockchain 3.0. The technology is a set of conceptual solutions that allow you to create decentralized applications with a virtually unlimited load without harm to consensus. Applications based on HetaChain technology will have unlimited scalability. They can be applied globally without security concerns and low transaction speeds. In this regard, the scope of application may be very different. Industry, banking, e-commerce, wearable electronics, robotics and so on.

HetaChain will differ from its predecessors, first of all, with a user-friendly interface, ease of creating decentralized applications and high performance. Increased transaction speed and security will be achieved through the system architecture. It is a collection of databases located inside and outside the blockchain. They are interconnected by certain algorithms that reduce the weight of transactions and the speed of information exchange. HetaChain differs from its predecessors by the algorithm of the consensus itself. This is the core of HetaChain technology. It is a hybrid algorithm that incorporates the principles of dPoS and BFT.

Transactions are verified by 33 nodes, with the possibility of creating a single block by one node. In this case, transactions are carried out with a difference of 0.5 seconds. It is possible to select a specific node by voting between participants. Each node will be liquid due to the use of tokens. Voting will be held a certain period of time. Nodes will be deleted if there is no activity, and to check the blocks, they will be determined randomly. This hybrid algorithm can be scaled by forks for decentralized applications. At the same time, communication with the main blockchain will be maintained.

About the project tokens:

Bridge will be used as a protocol for exchanging data between centralized applications and the main blockchain HetaChain. During the exchange, blocks will be checked for consensus and security. A commission in the form of HETA tokens will be taken for this. This is one of the foundations of maintaining health and liquidity. assets. The more blocks you need to transfer, the more payment you need to make. In terms of speed and volume of transactions there are no restrictions. Directly, the blocks are checked by users, as in the usual blockchain. For this, they receive a reward in the form of HETA. The more proven blocks, the greater the reward. Coin HETA will also be the main payment means of the system. You can buy it now, during the sale.

Conclusion:

In general, the HetaChain project is attractive for investment, as it uses technological developments to solve modern blockchain problems. The platform has a rich team and advisory potential, as well as good connections with the financial assets of the Arab world. All this speaks about the big chances of the project for implementation. If the project is of such a scale, then investors will receive large dividends.