HitChain Decentralized Blockchain for Developers – HitChain More Better Than GitHub

HitChain Decentralized Blockchain for Developers – HitChain More Better Than GitHub

HitChain is a decentralized and collaborative community built to value developers’ works with a transparent credit system using blockchain technology. HitChain is “a Community of the developers, by the developers and for the developers". Value of innovation and creativity of developer will automatically redeem on HitChain for developer with compensation in currency value and privileges in currency right.

HitChain is an open Distributed Autonomous Organization (DAO) of the developers, by the developers, for the developers. HitChain represents the ultimate interests of developers with better solutions to the challenges facing the current Open-source community.

HitChain facilitating blockchain developer community for manage and store their innovation code, store Open-source code, and for transcation developers code and transaction project. Founding team members of HitChain they are from better technology companies, Open-source organizations, and such as RedHat, Google, Apache Fund, Linux Fund and OSChina with strong technical and operational background.

HitChain global listing officially launched on Huobi Global at August 2, 2018. If you are blockchain developers or digital asset investor and want to hold or buy HIT Token which issued from HitChain, you can trade and buy HIT Token on Huobi Global. You can buy and trade HIT Token on Huobi Global with pair HIT/BTC and HIT/ETH. For Register New Huobi Global Account you can following this link; https://www.huobi.br.com/en-us/topic/invited/?invite_code=8vu33

HitChain Technical Solutions

To establish a true community of the developers, by the developers, for the developers, there are several key issues that need to be addressed. HitChain proposes a new code management protocol and codes intellectual property identification system combining Git protocol and Blockchain technology to build a complete set of solutions for decentralized code hosting, intellectual property protection, value measurement, service delivery and so on.

Source: Whitepaper HitChain

The overall architecture of HitChain includes four core components: HitChain Currency Infrastructure, HitChain Community infrastructure, HitChain Development and Trading Community, and HitChain Applications:
Hitchain Cryptocurrency Infrastructure; based on blockchain technology, HitChain currency Infrastructure provides basic technical support for the operation including ledgers, isolation testimonials, consensus mechanisms and smart contracts.

HitChain Infrastructure; HitChain Community Infrastructure is to provide key services of blockchain developer community including the Hit code management Protocol, distributed code hosting services, and code authentication services, etc.

Hitchain Development and Trading Community; HitChain Development Community is mainly for software development based while HitChain Trading Community for software transactions. Software development community is mainly composed of Open-source developers while code trading community is composed of code developers and code consumers.

HitChain Applications; HitChain Applications provides comprehensive applications to facilitate code development, deployment and transaction.

HitChain Blockchain Network

Hitchain used Hybrid Chains Infrastructure. Hybrid sharding chain technology on Hitchain Blockchain Network, organically that is combining the public chain and shard chain (logical sub-chain) to form a hybrid chain infrastructure. With standardized cross-chain communication protocol, HitChain will seamlessly exchange data between the public chain and fragmented chains. Hash indexing technology can effectively guarantee the mapping and unique authority of data.

HitChain used DAG High Concurrency Asynchronous Execution. DAG is the Directed Acyclic Graph data structure. It consists of a set of vertices and directed edges. Each edge connects different vertices so that there is no possibility of loopback between the vertices. Through the witness mechanism, DAG can quickly find the relevant shortest path to improve transaction validation efficiency and concurrency performance. HitChain double-chain parallelism technology not only verifies the integrity of the main chain but also maintain flexibility in the sharding chain. The main chain is the traditional chained structure, while the sharding chain is the DAG data structure.

HitChain's hybrid chain applies a dual consensus mechanism in the public chain and the shard (dual consensus of PBFT and DPOS). In the public chain, we use the Practical Byzantine Fault Tolerance (PBFT) algorithm to maintain the legitimacy of underlying transactions. For support the process of code development and activities such as software coding, hosting, distribution, sharing and trading HitChain will include a transaction ledger, storage cluster management ledger, and code management ledger.

Why HitChain More Better than Github ?

HitChain aim to solving problem for blockchain developer community to manage code, store code and project and for easiest way to increase earning of developer by innovation code and from developers project.

Source: http://www.hitchain.org/

HitChain Developers and user will easy to store and shared code of project.

User and developers will installing the HitChain application, users are free to share storage on PCs, mobile phones, and other storage enabled devices in the HitChain distributed storage network as a storage node on the network. For store and shared code of blockchain developer community, HitChain used IPFS Decentralized Storage Structure. Developers earn by providing and sharing storage to others and are motivated to provide more.

As a next-generation file network transmission system, IPFS nodes in the IPFS network form a distributed file system through content-addressable peer-to-peer hypermedia distribution protocol, which makes the network faster, safer and more open. All IPFS objects form an encrypted authentication data structure called the Merkle DAG.
An IPFS object is a data structure that contains two fields:Data - Unstructured binary data, less than 256kB, Links - An array of Link data structures. IPFS objects link has the following features: searching based on content rather than the domain name; providing a file version of the historical version of the controller, allowing multiple nodes to save different versions of the same file.

Best storage selection location for efficiency access; File block storage needs to determine the number of each block backup and storage location in order to achieve the best storage and access efficiency. The basic strategy of data files storage is the optimal storage in the global view. In the process of transmission and storage in the follow-up backup block, HitChain use the principle of the furthest distance to ensure that follow-up file download can achieve fastest download speed in the global perspective.
Hit Distributed Hosting Protocol

Git is currently the most widely used code management protocol for software development. Major development communities like GitHub, GitLab and OSChina are all based on Git protocol. But, it has inherent weaknesses such as large file support and slow access to large-scale small files. HitChain's goal is to overcome the limitation of Git protocol by upgrading to a new Hit protocol which combines Blockchain technology for more efficient large-scale, distributed software management and service worldwide.

Source: Whitepaper HitChain

For user identification and for protection copyright code, Hitchain used HitChain's cross-chain authentication mechanism includes user identity management and copyright identification. HitChain generates an ECC (Encrypt Copyright Certificate) for original code submitted by the developer as its unique markup. ECC will be used to effectively support code authentication, authorization, rights protection, and other services.

HitChain Provide Applications

For blockchain developer community, user activities and community interaction, every user and developer can be used HitChain application. After that they will have Hit Client for manage asset and developers will use the Hit client to complete code submission, synchronization, and other operations.

On HitChain, delevelopers can increased erning from transaction code with C2C trading. This means developers can paid from their product code with C2C payment. HitChain used HIT Token ERC20 Token Based Ethereum Blockchain. After HitChain main net launch, ERC-20 HIT Token can be exchanged for native HIT Token. HitChain's economic model includes three major value transfer scenarios; reward for sharing of idle computing resources, public reward for community contributions, and transactions involving developers’ works.

Source: Whitepaper HitChain

The cryptocurrency is the core coordination mechanism. HitChain uses a dual token system: basic token and fuel token.

Basic token will be used for this following scenario;
C2C Trade; to pay for HitChain operating expenses including code hosting, copyright management, crowdfunding rewards, paid use and so on.
Copyright Authorization; to fund the transfer of copyrights and intellectual property
Voting Right; Weighted Voting Rights.
Code Hosting; when fuel tokens are not enough to pay, basic tokens are automatically converted into fuel tokens to ensure the deal is completed.

Fuel token will be used for this following scenario;
Mining Reward; Miners provide the basic network infrastructure and the cost of the transaction ledger
Resource Reward; Fees charged by P2P resource sharers.
Advanced Service; Fees for advanced service.

HitChain Investors, Hitchain Team and Advisors

List of nvestors HitChain is Huobi Capital, Bitmain, Alphacoin fund and many more Capital investment fund.

Source: http://www.hitchain.org/

Huobi Capital is the investment arm of Huobi Group, focusing exclusively on ventures and projects related to blockchain technology, digital currency, and crypto asset.

HitChain global listing officially launched on Huobi Global at August 2, 2018. If you are blockchain developers or digital asset investor and want to hold or buy HIT Token which issued from HitChain, you can trade and buy HIT Token on Huobi Global. You can buy and trade HIT Token on Huobi Global with pair HIT/BTC and HIT/ETH. For Register New Huobi Global Account you can following this link; https://www.huobi.br.com/en-us/topic/invited/?invite_code=8vu33

Jiang Li (Australia), Chairman and director of Hitchain Foundation; CTO of Microsoft China. He has held the post of global senior technology management for a long-term. He has a deep insight and extensive network of contacts in the
international IT industry. He has the profound accumulation in the field of the Blockchain, Cloud Computing and Open-source Ecology. He is responsible for the overall operation and strategy of HitChain, attracting global developers to build a developer autonomous community which can surpass Github.

Leon Li (Hongkong), Director of Hitchain Foundation, open-source expert at Intel, first RHCA Certified Architect in Greater China Area. He served on technical positions in many global soft companies. He will be leading the construction of open-source system in the HitChain team.

Thomas Tan (U.S), Data scientist; Ph.D. of Computer Science – Software Engineering at University of Southern California. Currently he serves as a distribute storage expert in branch of IBM in L.A. He will be responsible for the development of IPFS-based code distributed storage protocol in the HitChain team.

HitChain advisor is Jia Tian, the chief scientist of Cortex, and Haobo Ma, the founder of AELF. Jian Tian and Haobo Ma are top blockchain technical experts in China, so that their advisory will be great use to HitChain.

Source: http://www.hitchain.org/

For more information about HitChain you can find on Official Website HitChain; http://www.hitchain.org/
Follow Official Twitter HitChain; https://twitter.com/Hit_Chain
Join Official Telegram Hitchain; https://t.me/HitChain_EN
Check out GitHub of HitChain Developer; https://github.com/HitChainFoundation

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The material provided herein is general in nature and does not take into account your objectives, financial situation or needs.While every care has been taken in preparing this material, we do not provide any representation or warranty (express or implied) with respect to its completeness or accuracy.

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