Hetachain
PRESENTATION
The real essence of blockchain and cryptocurrency is to distribute decision making powers from central authorities and big power houses through decentralisation. One of the more interesting feature of cryptocurrency is that it can't be controlled by any middle men or authorities. On platforms like Bitcoin network where the framework is peer to peer, the transfer of real value does not require the contribution of any central power, since exchanges are approved by a distributed set of miners that exist on the system. Sadly the concept of decentralization which exists as the basis of cryptocurrency has not been completely adopted in cryptocurrency exchanges. Majority of popular exchanges with massive trading volumes are designed on centralised framework rather than on decentralized framework.
While blockchain technology has been remarkable for business and administration because of the level of transparency and security, it is still up to cryptocurrency exchanges and their clients to protect important information and assets
I have used different cryptocurrency trading platforms and seen that most other users are often confused about making choice of cryptocurrency exchanges due to some of the problems faced on the platforms. These numerous problems such as insecurity, scalability, ease of use, simple user experience and many more are the reasons why the MoonX platform is created. Moonx will alter the crypto trade framework particularly in it's effort to making it individuals oriented and free from all middle men and power houses.
About the project
Hetachain is a revolutionary “hybrid” network of blockchains which intends to resolve the issues and create a high-performance blockchain which is scalable, facilitates easy, smart contract creation and easy to use by end users. This is achieved with a hybrid consensus mechanism that is based on the Delegated Proof of Stake (DPoS) and Byzantine Fault Tolerance (BFT).
Blockchain Technology with its ability to facilitate peer to peer transactions without the need for a third-party intermediary can disrupt many existing centralised systems and applications, especially in the banking and financial service sector.
Combined with the power of smart contracts, blockchain technology has the potential to change the dynamics of economies around the world. A genuinely decentralised eco-system would take the control away from a few self-serving entities and restore it back to the masses.
Blockchain Technology with its ability to facilitate peer to peer transactions without the need for a third-party intermediary can disrupt many existing centralised systems and applications, especially in the banking and financial service sector.
Combined with the power of smart contracts, blockchain technology has the potential to change the dynamics of economies around the world. A genuinely decentralised eco-system would take the control away from a few self-serving entities and restore it back to the masses.
Blockchain technology is indeed an innovative innovation in how data is created, shared and edited. But despite that, blockchain technology is currently facing a critical problem about its performance. For this reason, Hetachain proposed to create the latest Blockchain network architecture that would be used very easily, more flexible for users and developers using the blockchain platform that has very high performance.
Challenges in Adoption
However, the pace of adoption of blockchain-driven solutions to solve real-world problems and replace the existing systems has been slow. The primary reason can be attributed to the scalability issue that plagues bitcoin, ethereum and other blockchains. Both bitcoin and ethereum blockchains experienced network congestion issues towards the end of last year. Slow transactions and exorbitantly high fee threatened to defeat the very purpose for which the technology was invented.Even decentralised applications (DAPPS) built on the currently existing blockchains tend to be bogged with performance issues, not giving users the comfort and ease of use which they are accustomed to. There is a need for a blockchain that is designed to provide the benefits of technology, and that also is scalable enough to handle the massive traffic of existing systems. Unless resolved fast, these issues will continue to hamper adoption by the masses.
However, the pace of adoption of blockchain-driven solutions to solve real-world problems and replace the existing systems has been slow. The primary reason can be attributed to the scalability issue that plagues bitcoin, ethereum and other blockchains. Both bitcoin and ethereum blockchains experienced network congestion issues towards the end of last year. Slow transactions and exorbitantly high fee threatened to defeat the very purpose for which the technology was invented.Even decentralised applications (DAPPS) built on the currently existing blockchains tend to be bogged with performance issues, not giving users the comfort and ease of use which they are accustomed to. There is a need for a blockchain that is designed to provide the benefits of technology, and that also is scalable enough to handle the massive traffic of existing systems. Unless resolved fast, these issues will continue to hamper adoption by the masses.
Hetachain: The Solution
Hetachain intends to resolve the above-stated issues and create a high-performance blockchain which is scalable, facilitates easy, smart contract creation and easy to use by end users. This is achieved by coming up with a hybrid consensus mechanism that is based on the Delegated Proof of Stake (DPoS) and Byzantine Fault Tolerance (BFT). The intention is to create a blockchain that is scalable, has shorter block time and high throughput. With the Hetachain algorithm, a block is produced every 1 second and validated by a single masternode in the network.
Hetachain intends to resolve the above-stated issues and create a high-performance blockchain which is scalable, facilitates easy, smart contract creation and easy to use by end users. This is achieved by coming up with a hybrid consensus mechanism that is based on the Delegated Proof of Stake (DPoS) and Byzantine Fault Tolerance (BFT). The intention is to create a blockchain that is scalable, has shorter block time and high throughput. With the Hetachain algorithm, a block is produced every 1 second and validated by a single masternode in the network.
HetaCoin: The cryptocurrency that fuels Hetachain.
The native cryptocurrency that fuels and drives the Hetachain and enables blockchain as a service, HetaCoin has multiple use-cases.
Usage fee paid by users or enterprises who intend to use Hetachain as a service
Transaction fee to be paid in HetaCoins
Rewards to be distributed in HetaCoins
Hetachain aspires to resolve the issues that currently plague the current blockchains and solutions whether that is scalability, privacy, security or throughput. With its cutting-edge architecture and design, it has the potential to emerge as the leader that can bridge the gap between the technology and people, and change the emerging landscape.
Transaction fee to be paid in HetaCoins
Rewards to be distributed in HetaCoins
Hetachain aspires to resolve the issues that currently plague the current blockchains and solutions whether that is scalability, privacy, security or throughput. With its cutting-edge architecture and design, it has the potential to emerge as the leader that can bridge the gap between the technology and people, and change the emerging landscape.
Roadmap
Q1 & Q2 2018
Designing HetaChain
Writting Whitepaper
Q2 & Q3 2018
Mainchain development
UI display blockchain data
Wallet demo
Hetachain ICO event
HetaChain ICO private sale
**Q4 2018
**
HetaChain block explorer demo
**
HetaChain block explorer demo
Hetachain test net (test version)
HetaChain ICO public sale starting
Listing HETA token on exchange
Privatechain development
Q1 2019
Web portal release
Dapp development
Smart contract development
Wallet update (multi-Token)
HetaChain test net launch
Q2 2019
Prebuilt Dapp
Auto create Dapp
HETA fee calculation portal
HetaChain block explorer(update)
Hetachain mainnet (test version)
Q3 2019
Hetacoin
Hetachain mainnet launch
Meet The Amazing Team
Now Lets meet the Advisors
For more information, visit:
Website: https://www.heta.org
means: https://medium.com/@hetachain_blog
REDDIT: https://www.reddit.com/user/hetachain
STEEMIT: https://steemit.com/@hetachain
Reward: https://bitcointalk.org/index.php?topic=5032045.0
FACEBOOK: https://www.facebook.com/hetachain
TWITTER: https://twitter.com/hetachain
On LinkedIn: https: // www. linkedin.com/company/hetachain-network/
means: https://medium.com/@hetachain_blog
REDDIT: https://www.reddit.com/user/hetachain
STEEMIT: https://steemit.com/@hetachain
Reward: https://bitcointalk.org/index.php?topic=5032045.0
FACEBOOK: https://www.facebook.com/hetachain
TWITTER: https://twitter.com/hetachain
On LinkedIn: https: // www. linkedin.com/company/hetachain-network/
Author
Author: walesodiya
Medium: https://medium.com/@walesodiya
Email: walesodiya@gmail.com
BITCOINTALK PROFILE: https://bitcointalk.org/index.php?action=profile;u=2160355
Eth Address: 0xd5138067078B32BA7800b399bC77C49deaA3f2f5
Comments
Post a Comment