New horizons and phases to the blockchain era, Blockchain 3.0. HETACHAIN was founded, positioned as easy to use, flexible for users, developers (easy to make smart contracts), and high performance blockchain platforms. A blockchain that is built with the application of company level in mind.
HETACHAIN is a hybrid of a more effective dPOS (this claim focuses on the throughput of the blockchain when compared to POW and POS) and Byzantine Error Tolerance (BFT) is prepared to maximize system performance.
Since the beginning of Blockchain, the developer community has grappled with Scalability trilemma. HETACHAIN comes with a variety of features that technically focus on easy use while also giving a decentralized developer community the ability to not only be able to implement smart contracts to run decentralized applications (dApps), it handles weaknesses inherent in its predecessor blockchain network in the field governance, system of throughput and mass adoption.
With the DPoS + BFT consensus hybrid algorithm, the agelong scalability trilemma being handled with HETACHAIN encourages blockchain networks that are truly democratically managed because they also balance the system throughput.
A better version of the EOS network where only 21 supernodes were chosen to act as block producers which theoretically proved vulnerable to collusion among supernodes, HETACHAIN was governed by a more decentralized system of 33 Masternodes programmed stochastically to have equal opportunities to fill and produce the next block in the chain. This ensures very high throughput while ensuring democratic decentralization in networks that has become the main condemnation of other networks trying to break the scalability trilemma.
Achieving mass adoption is only one step with HETACHAIN because it builds ease of use with better network capabilities so as to enable industrial class calculations to run on its network.
I want to show you in this piece why HetaChain is being recognized for having an incredible potential to solve many of the actual blockchain problems and set the new standard for the industry.
Innovative Technology
As it is expected from a project in the blockchain environment, it has to be focused on new technology. Only recreating what exists does not turn into a sustainable competitive advantage and for sure just creating another token does not mean anything if it does not provide a service that people actually need. In these terms, it is crucial to take a look at some of the main features of Hetachain that make it such a special project.
- Multi-Chain Design & Bridge Protocol
If you have been paying attention to blockchain news, I am sure you are aware by now what side chains are and what they can bring to the table, especially scalability. Well, HetaChain will take it to the next level and they are planning to allow users of the network to have their own private chain granting them the possibility to specialize each side chain in a specific process like authenticity or payments, producing then a much faster network with a much lighter main chain.
These side chains are connected to the main chain through a Bridge Protocol created by Heta’s developers that allows validating transactions in exchange for a small fee, paid for with the Heta token.
- Consensus Algorithm
As if the multi-chain design was not enough of an innovation, the team also chose a hybrid delegated Proof of Stake + Byzantine Fault Tolerance consensus protocol composed of 33 master nodes. This “partnership” between the two methods allows for a fast block time and an enormous limit of transactions per second that gets closer to the centralized options that currently exist for payments’ verification, like VISA.
- Dapp Design & Store
To give you all the flexibility your business might need, HetaChain also gives you the opportunity to build your own applications inside the network in several languages like C++ and Solidity or, if you are not comfortable enough, you can buy plug-n-play templates ready for customization, with drag-n-drop options. Easier than this is impossible.
The HETA Token
HETA is the native token of the HetaChain Main Network. All network usage fees are paid in HETA.
Transaction fees on Hetachain are paid when sending HETA, when sidechain data needs to be validated by the main network, or when smart contracts need to be called on the main network.
HETA is received by users if they participate in the consensus or validation process of either the Main Network or one of the sidechains. These processes are distinct due to our use of delegated proof of stake.
The fees and reward for validation will depend on the amount of processing required, to ensure all sidechains can obtain fair use of the main network.
Find more about HetaChain through official channels :
Website : https://www.heta.org
Medium : https://medium.com/@hetachain_blog
Reddit : https://www.reddit.com/user/hetachain
Facebook : https://www.facebook.com/hetachain
Twitter : https://twitter.com/hetachain
Linkedin : https://www.linkedin.com/company/hetachain-network/
Author : Karina986
My bitcointalk : https://bitcointalk.org/index.php?action=profile;u=2255165
