So, what is HPB?
Well, HPB stands for High Performance Blockchain – it is a platform which has been designed to improve all projects that use the structure of the blockchain within their environment.
The new technology solves the problem of scalability and speeds up the bandwidth of transactions which is fantastic for global expansion and implementation.
A good advantage of the HPB project is that it’s built on the already successful proven NEO!
The High Performance Blockchain (HPB) uses NEO in the same way that many other recent Ethereum Based ICO’s use Ethereum
HPB Features: -
Open Source:
HPB is open source technology. Like with most open source platforms, HPB made the decision to rely on a large pool of talented developers. Open source also means faster software integration. Commercial users don’t have to pay to use HPB’s blockchain, and free usage means more users and more attention.
Support Millions Of Daily Users:
HPB will support millions of transactions per second and millions of daily users. The whitepaper specifically mentions how applications like Google, Uber, and BAT require the processing of millions of active users each day. HPB could be used for similar enterprise applications.
Low Latency:
HPB will provide confirmation within seconds. One of the primary ways in which HPB will compete is with its low latency.
High Throughput, High Concurrency:
Applications like exchanges can only execute operations serially – not in parallel. High Performance Blockchain plans to provide powerful serial capabilities. The platform plans to provide powerful parallel processing capabilities, parallelization of most tasks, and a combination of hardware and software architecture allowing blockchain TPS to be raised by two orders of magnitude.
Acceleration Engine:
HPB is designed around blockchain-dedicated hardware acceleration units – including hardware and firmware acceleration – as well as software engine matching – including system driver and software interface API hardware acceleration. In more straightforward terms, that means high performance and high speed concurrent computation through parallel processing of CPU, GPU, FPGA, and serial ASIC chips.
DPOS Consensus Algorithm:
HPB uses a delegated proof of stake (DPOS) consensus algorithm. This algorithm, explains the HPB whitepaper, “is the only one capable of combining the previously mentioned performance requirements.” Using this algorithm, the whole network of token holders can vote through the system to appoint new block producers. And, once elected, anyone can participate in block production.
Block Production Every 3 Seconds:
HPB expects to produce a new block every 3 seconds. At any point, only one producer is authorized to produce blocks. If a block production falls at any time, then that block will be skipped.
Transaction Confirmation:
The blockchains maintained by the DPOS algorithm are 100% online. After an average of 1.5 seconds, a transaction will be written into the blockchain and all outgoing nodes will be aware of the transaction. In only 1.5 seconds, a transaction can be identified as 99.9% confirmed – which means it’s been successfully received and recorded onto the blockchain.
Therefore, HPB was introduced to extend the performance of distributed applications to meet real world business needs.
HPB was created based on an architecture like an API operating system. The software architecture offers features like accounts, identity and authorization management, policy management, databases, and asynchronous communication across thousands of CPUs, FPGAs, or clustered program schedulers.
A nice laid out roadmap showing the core goals of the HPB project, excited to see in 2019 when the final version of HPB goes live.
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Sources:-
Website: http://hpb.io/
Whitepaper: http://www.hpb.io/files/hpb_white_paper_en.pdf
Reddit: https://www.reddit.com/r/HPB_Global/
Telegram: https://t.me/hpbglobal
Twitter: https://twitter.com/HPB_Global?lang=en
Facebook: https://www.facebook.com/HPBGlobal/
Github: https://github.com/hpb-project