Hello everyone here I will introduce my latest article about Hetachain which can be taken into consideration in observing the latest projects that have unique and interesting concepts and for more details let's just go to the following discussion:
3rd Generation Blockchain
The first generation blockchain was designed by Satoshi Nakamoto and produced the first Bitcoin cryptocurrency. The hallmark of the first blockchain gene is that they use the Proof of Work (PoW) algorithm to validate transactions. In this group there are also various clones and forks of Bitcoin like Bitcoin Cash and Litecoin.
The second generation is led by Ethereum and introduces smart contracts and allows easy asset tokenisation. This has become very popular with developers and preferred platforms for most ICOs. Other projects in that category are NEO and WAVES.
They are very sincere and sincere but they don't serve many purposes in one place together. These goals are:
- High Scalability
- Interoperability
- Sustainability
- Personal
- Government
But, none of the two generations combine all 4 properties as mentioned before. That is why third generation blockchain is slowly breaking the dawn with their innovative ways to combine these properties so that they can adapt to the demands of this ever-changing space.
One of the important projects to be explored in 2018 on the third generation blockchain niche is Hetachain.
Revolutionary Hetachain from Blockchain
Hetachain is a revolutionary "hybrid" blockchain network that intends to solve problems and make high-performance blockchain scalable, facilitating easy and smart contracting and easy to use by end users. This was achieved by a hybrid consensus mechanism based on Delegated Proof of Stake (DPoS) and Byzantine Error Tolerance (BFT).
Hetachain's third generation blockchain technology eliminates the mistakes of its predecessors, solves scalability problems, increases transactions per second and energy efficiency, and brings blockchain technology closer to mass adoption.
The Hetachain network aims to realize an independent framework designed to be used on an actual industrial scale. This ecosystem consists of smart contracts, Hetacoin, hot and cold Heta Wallets, the Heta App Store, an obstacle to Blockchain features, and a comprehensive solution that enhances its application in smart banking, health, e-commerce, commerce, telecommunications, data management, investment, money cash exchanges, and money transfers.
This is the latest generation industrial grade blockchain platform created to drive the industrial revolution and allow third party decentralized applications to operate on any scale.
Hetachain is quite scalable to maintain active operation of thousands of industrial-class DPS at the same time, while military-grade security from the Hetachain Platform guarantees network stability.
Furthermore, the Hetachain Platform is designed to support very high TPS, which is very important for new generation commercial networks.
In addition, Hetachain is a multichannel blockchain with a very effective public and private chain capacity for business management and transaction management that is built for enterprise-level computing needs so that it is efficient for commercial applications and economic events.
The Heta protocol, which is a multichain platform, makes communication between private and key chains possible on the Heta blockchain system, the platform provides a Bridge Protocol that is built to help private chains collect their data into the main chain for validation. The private chain must pay a number of HETA coins to issue the transaction. This cost is directly proportional to the volume of use.
Relam Investment LLC
Hetachain was officially launched by Relam Investment LLC. Relam Investment LLC is a product of a partnership between MIG Holdings and Vault Investments LLC. Also, MIG Holdings operates outside Vietnam and Vault Investments LLC operates outside the UAE. This organization focuses on investments in Southeast Asia, the Far East, the Middle East and the United Kingdom.
Relam Investment aims to Hetacoin to become the most sought-after cryptocurrency on the market in the near future. With its latest architecture and design, it has the potential to emerge as a leader who can bridge the gap between technology and people, and change the landscape that emerges.
HetaChain Cryptocurrency (Heta)
The original cryptocurrency that drives and drives Hetachain and activates blockchain as a service is HetaCoin. This is an internal Hetachain cryptocurrency used on the Mainchain network. It has many use cases:
Service Usage Fee
This is a fee taken from users of HetaChain services.
Transaction fees
This is a mandatory fee taken from the transaction of a user who exchanges coins or tokens that have been made by Heta. Transaction fees make Hetacoin have real value for the system. This can also prevent traders from flooding the network with unlimited microtransactions.
Gift
If a user participates in a consensus process or validation of the Main Chain and Personal Chain, then he must be rewarded with certain Hetacoin. This is also referred to as Giving appreciation to users. For the level of appreciation of consensus, it must depend on how much effort is spent by the participants in carrying out the process. In addition, Hetacoin aims to be one of the most popular cryptocurrency in the world, depending on requests generated by the CROWPTALE CRYPTO HETACHAIN Ecosystem, where all users will be able to launch their own ICO projects.
For more research on current Hetachain, please follow a number of sources for the following References:
Website :https://heta.org/
Whitepaper :https://docs.google.com/document/d/1HDz5WmDRyVbVGYzgxgyhbDDgpcer-4bu_AvcbvleP5o/edit
Facebook :https://www.facebook.com/hetachainofficial
Twitter :https://twitter.com/Heta_org
Telegram :https://t.me/Hetachain_Community
Medium :https://medium.com/@hetachain_blog
Linkedin :https://www.linkedin.com/company/hetachain-network/
Bitcointalk username :Antony85
Profile Link :https://bitcointalk.org/index.php?action=profile;u=1546354
ETH address :0xc6B43BF7c6E24A4Db7E192bD5d08695F5A2D5578