THE HELIOS PROTOCOL: Scalable cryptocurrency and smart contract platform based on DAG + blockchains.

jamesndungu (61)in #blockchain • 5 years ago

Helios protocol is a blockchain project that will solve all of the scaling problems that blockchain projects are currently experiencing out there while at the same time maintain all my favorite qualities and benefits of blockchain technology.

This guaranteed speed which is fifty million times faster than Bitcoin, will come in handy for a person like me, who trades crypto on an almost daily basis. Helios offers some major benefits that I will get to enjoy as a participant in the project. These include:

High speed and scalability.

My wallet will have its independent blockchain and transactions will only be added to my blockchain and that of the person am transacting with. This indeed does guarantee much-improved speed in the processing of my transactions. Not forgetting that I have the power to make transactions occur only when I require them.

Low transaction fees.

Transaction fees are necessary to assist the protocol in funding rewards for full nodes whose purpose if to maintain the Helios network as well as stop a penny-spend attack. Helios plans to have numerous orders of magnitude lower fees in comparison to conventional blockchain projects.

Security and immutability.

I am guaranteed maximum security on the Helios protocol because it has a consensus mechanism based on PoS which will provide maximum security and immutability. Security is the first factor that I take into consideration while finding a platform to trade on and Helios seems to have that covered.

True decentralization and democracy.

Helios plans to uphold the key principle of any blockchain project, which is decentralization. This protocol will take this to the next level by allowing any person to take part in the consensus mechanism regardless of their stake’s size. This assures me that on Helios, the power is indeed with the people, and that is a course I want to be part of.

Smart contracts and dApp platform.

Helios protocol will be able to execute smart contracts and dApps programmed in solidity just like Ethereum. Migration of Ethereum based dApps to the platform will be smooth, and existing developers will be highly receptive of this platform.

The protocol will be able to scale, and thus it will be prepared to handle the volume of transactions in the future while at the same time maintaining low transaction latency. Helios is the blockchain protocol that the crypto space needs as it has the needs of the user at heart.

On Helios, I will be able to choose the order of my transactions compared to other conventional projects where the block miners have this power. Here, I will be able to add a transaction to the blockchain any time I wish to.

HLS ETHEREUM TOKEN.

The Helios team decided to develop their token based on Ethereum so that individuals can be able to take part in the Helios ecosystem while they develop the main net. They will not be having an ICO because the project is fully self-funded and bootstrapped. As an alternative, they are going to give away most of their tokens as airdrops and others to the dApp developers.

CONCLUSION.

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I am a true believer in decentralization and democracy, which is why finding such a protocol that thrives on the same principles is a huge achievement. I cannot wait to see this project bloom and serve crypto enthusiasts out there accordingly.