HetaChain is an advanced, high-performance blockchain 3.0 built with industrial scale computing capabilities that continuously allows users to use decentralized applications without censorship, fraud, downtime, or third party costs. It's loaded with the ability to operate commercially fully focused on delivering the world into the next 4.0 Industrial Revolution.
Blockchain technology with its ability to facilitate peer-to-peer transactions without the need for third-party intermediaries can interfere with 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 the economy throughout the world. A truly decentralized environmental system will take control of several self-serving entities and return them to the masses.Blockchain technology is indeed very innovative and innovative in how data is created, shared, and edited. But even so, blockchain technology is currently facing a critical problem about its performance. For this reason, Hetachain proposes to create the latest Blockchain network architecture that will be used very easily, more flexible for users and developers who use the blockchain platform so that it has very high performance.
Cryptographic Algorithm Using ECDSA (Digital Elliptic Motion Sign Algorithm) with a secp256k1 curve for public-private cryptography. Private key is 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.
PROBLEM OF BLOCCKHAIN TECHNOLOGY
Transaction Performance:
The volume of transactions and applications is increasing rapidly on the current blockchain, making network congestion a big problem
Bitcoin, a legacy network, limited to around 7TPS. Compared to Visa with an average TPS of 2,000 and a maximum TPS of 50,000, it is very slow
Even the Lightning network is only aimed at 1,000 TPS, far below the industry standard
Bad seats:
Community splits can lead to some hard forks
leads to a blockchain network that is more fragmented by 20% of network attacks
Difficulties in Developing dApps:
developers have problems making dapps optimized for existing blockchain networks
HETACHAIN SOLUTION
Hetachain intends to solve the problems mentioned above and create a scalable, high-performance blockchain, facilitating easy and smart contracting and easy to use by end users. This was achieved by coming up with a hybrid consensus mechanism based on Delegated Proof of Stake (DPoS) and Byzantine Error Tolerance (BFT). The goal is to create a blockchain that can be scaled, has shorter block times and high throughput. With the Hetachain algorithm, a block is generated every 1 second and validated by one masternode in the network.
The advantages of the Blockchain 3.0 Hetachain Network:
Flexible - Performs freezing and repairing applications for bribes with Generalized Role-based permissions.
Usable - The Blockchain 3.0 platform that has very high and measurable performance and uses ecosystems that make blockchain networks more valuable and useful.
Scalable - Already supports thousands of Dapps (Decentralized Applications) with commercial inter-blockchain scal Communication Separating Authentication and Execution.
Optimizable - Blockchain 3.0 platform that has very high and measurable performance and uses ecosystems that make blockchain networks more valuable and useful.
About Hetacoin - HETA:
Hetacoin is a Hetachain internal crypto currency that is used on the Mainchain network. Hetacoin is used as a tool to pay usage fees using the Heta Blockchain service.
When a user makes a transaction exchanging coins or tokens that have been made by Heta, then he must pay for the pre-defined mount Hetacoib. Also called transaction costs. This mandatory fee makes Hetacoin have real value for the system. This can also prevent traders from flooding the network with unlimited micro transactions.
When a user participates in a consensus process or validation from the Mainchain and Private Chain, then he must be rewarded with certain Hetacoin. This is also referred to as Giving awards to users. For the level of consensus appreciation, it must depend on how much effort is spent by the participants in carrying out the process.
ROADMAP
many ICOs only concentrate on using all or most of their resources to develop products and do not use a reasonable percentage of these resources for marketing. So, how do people who do not stumble and participate in their ICO know about the product and its development? Marketing is the difference between how a brilliant vision fails and what normally works.
For more information;
Wabsbite: https://www.heta.org/
Facebook: https://www.facebook.com/hetachain
Twiter: https://twitter.com/hetachain
Telegram: https://t.me/hetachain
ANN: https://bitcointalk.org/index.php?topic=5031991.msg45871063#msg45871063
Bounty: https://bitcointalk.org/index.php?topic=5032045.msg45873502#msg45873502
Youtube: https://www.youtube.com/channel/UCZegFJGiQVWFUWEuKuVcceQ
Whitepaper: https://docs.google.com/document/d/1HDz5WmDRyVbVGYzgxgyhbDDgpcer-4bu_AvcbvleP5o/edit
username: sudawirat
Profilelink: https://bitcointalk.org/index.php?action=profile;u=1343795
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