Last week I tried to send ETH to my friend and it took almost a day to confirm my transaction. There was option to send ETH in shorter time but for that I had to pay higher gas price and I was not ready for that. I was not at all happy, but this is not the first time I faced this issue. Most of the time whenever there is surge in number of transaction either we need to wait for long time or we need to pay high gas price. And worst part is sometime transaction is getting lost. Every day thousands of new people joining the crypto world and there is continuous transaction load on existing blockchain. Low transaction speeds and excessive latency plague blockchain networks around the world, this is very annoying, and I was thinking why no one is trying to solve this issue? Now it’s time that we need new platform which can support high number of TPS and it takes very less transaction confirmation time.
The answer could be HPB, High Performance Blockchain (HPB) is a new approach to solving one of the most critical problems facing all blockchains today: scaling. HPB will solve this problem and meet true business needs by creating a platform designed to handle not 10K, 100K but millions of transactions per second and guess what, confirmation time will be just three seconds. Awesome! Right?
With a target of 1 million TPS and a 3-second confirmation time, HPB aims to become the standard for all major business applications in industries that require handling of billions of data points with extremely low latency. HPB platform consist of both hardware and software architecture which will not only solve the problem of low TPS and high transaction confirmation price but will also take care of other critical issues which current blockchain network is facing such as, difficulty in developing DAPPs, poor security, etc.
HPB is a new blockchain architecture, positioned as an easy-to-use, high-performance blockchain platform. It aims to extend the performance of distributed applications to meet real-world business needs.
The architecture consists of two parts: hardware architecture and software architecture. The software architecture provides accounts, identity and authorization management, policy management, databases, and asynchronous communication on thousands of CPUs, FPGAs or clustered program schedules. This is a new architecture that can support millions of transactions per second and support authorizations within seconds.
It is a fusion of the HPC (High Performance Computing) blockchain concept, cloud computing, hardware systems with distributed core nodes, an HPC-powered universal communication network, and an HPC-powered cloud platform. In addition to network management, the architecture supports core node blockchain standards, and consensus algorithm and blockchain task processing functions. The core node includes a hardware acceleration engine embedded with software
BOE -
For traditional blockchain nodes, functions such as transaction broadcasting, transaction verification, block broadcasting, and block packaging are all implemented on the software level. The data connection between each node is a serial process, resulting in problems such as complex network topology, long delay time and low serial processing performance. In response to the above problems, HPB created a new technological innovation: Blockchain Offload Engine (BOE). The BOE is a heterogeneous processing system, including hardware, firmware, and corresponding matching software. To achieve high performance and high concurrency computing acceleration, this heterogeneous processing system combines CPU serial capabilities and parallel processing capabilities of FPGA/ASIC chips.
The BOE acceleration engine can achieve considerable concurrency connections while maintaining support for more than 10,000 simultaneous TCP sessions and processing 10,000 sessions in parallel. This will greatly reduce the number of distributed network layers. Dedicated parallel processing hardware will take over traditional software serial processing functions, such as transaction data broadcasts, unverified block broadcasts across the network, transaction confirmation broadcasts, and so on. The session response speed and the session maintenance numbers are more than 100 times that of the general computing platform node.
HPB Token Introduction –
HPB token initialization total supply is just 100 million. Based on the HPB consensus algorithm, a high contribution node (hcnode) has the right to generate a block.
Three necessary conditions for becoming a high contribution node (hcnode) are:
• Adopt BOE hardware acceleration engine.
• Hold a certain number of HPB tokens.
• Contribute to the necessary network bandwidth for the entire system.
After HPB launches its Mainnet, the high contribution node (hcnode) that generates the block will receive HPB Coin rewards automatically issued by the system. The additional number of coin reward issued annually by the system is proportional to the total number of high contribution nodes and candidate nodes. The number of additional issuances does not exceed 6% per year.
Here's the list of HPB’s social media channels -
http://www.hpb.io/ or http://www.gxn.io/
https://github.com/hpb-project
https://www.reddit.com/r/HPB_Global/
https://t.me/hpbglobal
https://twitter.com/HPB_Global?lang=en
https://www.facebook.com/HPBGlobal/