Blockchain technology, with its ability to facilitate peer-to-peer transactions without the need for an external intermediary, can disrupt many existing centralized systems and applications, especially in the banking and financial services sector. Combined with the power of smart contracts, blockchain technology has the potential to change the dynamics of economies around the world. A genuinely decentralized ecosystem would take control of some self-sufficient entities and return it to the masses.
Blockchain technology is in fact an innovative innovation in how data is created, shared and edited. But despite that, blockchain technology is currently facing a critical problem on its performance. For this reason, Hetachain proposed creating the latest Blockchain network architecture that would be used very easily, more flexible for users and developers who use the blockchain platform that has a very high performance.
Cryptographic algorithm using ECDSA (digital elliptical movement sign algorithm) with the secp256k1 curve for public-private cryptography. The private key is a 256-bit random data.
The HETA address associated with this private key is the last 160 bits of the SHA3-256 (Keccak) hash of the public key
Challenges in adoption
However, the pace of adopting solutions driven by blockchain to solve real-world problems and replace existing systems has been slow. The main reason can be attributed to the scalability problem that affects bitcoin, ethereum and other block chains. Both the bitcoin and ethereum block chains experienced network congestion problems towards the end of last year. Slow transactions and the exorbitantly high rate threatened to override the purpose for which the technology was invented. Even decentralized applications (DAPPS) created in existing block chains are currently jammed with performance issues, not giving users the convenience and ease of use they offer. We are used to There is a need for a chain of blocks that is designed to provide the benefits of technology, and that is also scalable enough to handle the massive traffic of existing systems. Unless they are resolved quickly, these problems will continue to hinder the adoption by the masses.
Hetachain Solution intends to solve the aforementioned problems and create a high performance blockchain that is scalable, that facilitates the creation of easy and smart contracts and that is easy for end users to use. This is achieved by creating a hybrid consensus mechanism based on the Delegate Participation Test (DPoS) and Byzantine Fault Tolerance (BFT). The intention is to create a chain of blocks that is scalable, that has a shorter block time and a high performance. With the algorithm of Hetachain, a block is produced every 1 second and validated by a single masternode in the network.
HetaCoin: The cryptocurrency that feeds Hetachain.
The native cryptocurrency that feeds and drives the Hetachain and enables blockchain as a service, HetaCoin has multiple use cases.
Rate of use paid by users or companies that intend to use Hetachain as a service
Transaction fee payable in HetaCoins
Rewards for being distributed in HetaCoins.
Hetachain aims to solve the problems that currently affect the current block chains and solutions, be it scalability, privacy, security or performance. With its cutting-edge architecture and design, it has the potential to emerge as the leader that can bridge the gap between technology and people, and change the emerging landscape.
About Hetacoin - HETA
Hetacoin is an internal cryptographic currency of Hetachain that is used in the Mainchain network. Hetacoin is used as a tool to pay usage fees through the Heta Blockchain service.
When a user makes a transaction exchanging coins or chips that Heta has made, he must pay for the predefined Hetacoib mount. It is also called transaction costs. This mandatory rate means that Hetacoin has a real value for the system. This can also prevent traders from flooding the network with unlimited microtransactions.
When a user participates in a process of consensus or validation of the main chain and the private chain, he must be rewarded with a certain Hetacoin. This is also known as giving prizes to users. For the level of consensus appreciation, it must depend on how much effort the participants make to carry out the process.
Q1 & Q2 2018
Writing white paper
Q2 & Q3 2018
UI shows data blockchain
Hetachain wallet ICO event
HetaChain ICO private sale
HetaChain block explorer demo
Hetachain test net (trial version)
HetaChain ICO public sale starting
listing token HETA in the exchange
Launch of the web portal
Development Smart contract development
Purse update (multiple token)
HetaChain network launch test
Auto create Dapp
HETA fare calculation portal HetaChain
block explorer (upgrade)
Mainta Hetachain (trial version)
Hetachain mainnet launch
For more information:
STEEMIT: https://steemit.com/@ hetachain
Author : Wahyu aep
Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1423517
ETH : 0x531afEc1cb3A25Df953b636635136BE8044864a5