Introduction
Internet of things is an intelligent global network that connects several sensing devices and self-organizing networks. The terminal devices are usually in a machine to machine communication mode to the internet. IoT is a new system of information technology that combines several information technologies. IoT was introduced in 1999 at the Auto-ID laboratory in MIT. With this technology, state and electronic devices remain in the user's control at all times by installing identification devices. This technology requires subsystems like wireless sensor and radio frequency identification networks.
The complex combination of blockchain and IoT helps the network accommodate numerous devices with different computing power. In effect, the Hawk Network provides solutions to problems like interoperability, security, privacy and weak incentives.
Here are some of the ways by which the Hawk Network creates a new perception of intelligence.
UPOS (User Proof of Stake) consensus algorithm:
UPOS is the consensus mechanism, the Hawk Network uses. This consensus algorithm is a functional extension from the DPOS (Delegated Proof of Stake). Its random rotation scheme of proxy rights and interests consensus is to ensure flexible nodes in blockchain generation. UPOS makes use of cryptography to select these nodes from a node pool randomly. The mechanism optimizes the communication channel of the network. It also improves the transaction throughput of the Internet of Things. This rotation based consensus mechanism supports the complex blockchain architecture of the Hawk Network. It helps to partition the pool of proxy nodes to ensure efficiency and safety in the main and sub-chain architecture.
Main sub-chain structure of the network:
Hawk network is made up of different units and subsystems, which makes it heterogeneous. An internal network comprising of the devices connects to a more extensive backbone network. These sub-networks can connect to each other due to the chain to chain architecture. The Hawk Network has one main chain which has several other sub-chains. This different sub-chains support different applications and devices as it helps to diversify the IoT. For example, sub-chains for payment may not require smart cards. So these sub-chains enhance different scenarios in the network and still maintain interoperability between the chains.
Trusted Internet of Things:
Hawk Network aims to provide a trusted computing environment for the IoT. In effect, the network will use cryptography to implement privacy policies and secured intelligent contracts. This implementation will create a significant increase in trust and improve anonymous collections for the system.
Hawk tokens:
The HAWK serves as the certificate of transaction in the network. With this token, real-time billing is made possible, and it would reduce transaction cost by almost 20%. This system eliminates the risks common to other payment methods
Conclusion
The IoT is a fast-rising technology globally, but a lot still needs to be done. Hawk network is the vanguard in this regard as it creates smart terminals and IoT businesses with asset and data security. In the future, more technologies like nanotechnology and intelligent embedding technology will be in use. All these technologies aim to reduce access cost and increase accessibility.
USEFUL LINKS
Website: https://hawk.cool/
Whitepaper: https://hawk.cool/HAWK%20WP-EN0622.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=5176525.0
Telegram:https://t.me/HawkGlobalGroup
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AUTHOR'S DETAILS
Bitcointalk Username: chuksmy
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