Hi Steemians!!
I'm back to share some awesome info free of charge as always, todays topic is on a particular ICO which is currently going on right now that I am really excited about even while we have our very own Decent.bet's ICO running.
Im not much of a reader, but this caught my eye, so I had to delve in and read, here is my personal overview of the project, where its heading, what it aims to do, and its functionalities.
Where its heading, what it aims to do and the functionalities of the platform are designed to make your Crypto experience an incredible one at that, but also expand your reach in what you can actually do with crypto all in the one place, the image below identifies some of its functions :
The Halo platform is designed to be your one stop shop for everything CRYPTO, that excites me for so many reasons and on so many levels, I do not need to log in to a million different exchanges to move funds around, we all know how annoying that is, let alone it has its own decentralised exchange inbuilt into the platform, it will have a networking messaging group function where you can make your own channels with complete market integrated crypto chat rooms and create some residual income from it also all at the same time, a multicoin wallet and portfolio tracker, easy and secure backups of your wallets, what can I say, its the real deal and very thought through project.
The most exciting part of this project is the TIERED MASTERNODE SYSTEM where the platform feeds 50% of all the service fees back into them, along with the standard block rewards, this is insanely lucrative to any investor please refer to image below :
Unique Technology behind the scenes:
Halo's Proof of Work (PoW) and Variable Demand Transactional Blocks (VDTB) is a new hybrid approach to the blockchain. This system relies on the PoW to provide a slow constant minting of new supply, while the VDTB ensures that the transactions on the network are processed and confirmed expediently even if all mining were to stop. The VDTB system does not generate or mint ANY coins on their transactional blocks.
In a traditional PoW only system, such as Bitcoin, transactions are only processed whenever a block is confirmed. This leads to a possible (and common occurrence) back log of transactions that need to be processed, while also increasing the average fee that users must pay to have their transaction processed. The blocks come at relatively inconsistent times, though they do average out over time at around 10 minutes, you may see two blocks within 5 minutes of each other and then go 60 minutes before the next. Also, if all mining were to stop on Bitcoin, the blockchain would effectively freeze.
In the VDTB system, our masternodes are empowered to generate a transactional block (TB) whenever certain criteria are met:
- It has been longer then 30 seconds since the last TB
- There are more then 100 transactions in queue
- 500 kilobytes of data or more is needing transmitted
- Someone has paid for an instant send, or anonymous send transaction
This system scales with network traffic, during times of high traffic we may see a TB every 2 seconds, or middle of the night we will see one every 30 seconds. This system has many benefits as it scales and adjusts to the networks demands. For security and efficiency it also employs predictive analytics to determine upcoming times of possible network traffic and adjust resources to be proactively ready for the upcoming traffic, and to determine certain behaviours that may lead to an attack on the network itself, such as a DDOS attack, and the network will then make adjustments to mitigate the possible assailant through rate limiting their transactions. The system utilizes a trust factor to avoid limiting a well intentioned, high transaction user, such as an exchange.
This is just the tip of the iceberg to be honest, it has so much more potential that will be developed in the near future, here is a quick youtube video on the mobile platform that will be integrated, link below :
You can view the website with the link below :
You can Participate in the ICO right now with the link below :
https://www2.haloplatform.tech/#/
Here is an article that was written on it if your very technical :
This brief has been revised for a general audience. The content provided is for informational purposes only and
should not be considered legal or financial advice.
Rev Nissan