The blockchain is a based technology underlying the most variety of cryptocurrencies at that moment. This technology was found in 2008 along with Bitcoin developed. And this technology gaining more popularity owing largely by value rather than just to the unprecedented growth of the cryptocurrency rate.https://heta.org/
Over the more than a decade of cryptocurrencies existence, blockchain has come a long way and there were a lot of new blockchain oriented projects which developed and modified the first idea. There were such projects as Ethereum, Stellar, EOS and others.
However, it should be noted that there are still quite a lot of white spots that don't allow this technology to fully enter our life. But there are several solutions to this issue, one of them is blockchain platforms which also called a third generation platform. One of them is a HetaChain platform.
What is HetaChain
HetaChain is a newest third generation blockchain platform which allows every business or state offices to develop its decentralized applications for solving real-life issues, which is strong at working conditions and are also has not additional costs to maintain the ecosystem, as well as the impact of third parties and censorship.
The most valuable features of the platform are the possibility to scale up to thousand transactions per second, completely secure data storage, platform's architecture flexibility, the ability of rapid transactions performing without the risk of delay.
One of the distinguishing features of HetaChain is the multichain protocol that allows you to open a private network based on the platform as well as to connect private networks to the main network via bridges.
Also, we should talk about transactional safety during addressing the operations, achieving the highest level of trust between users, complete security of keeping your assets, and no need to use independence from centralized management systems.
The structure of a HetaChain is the following (all layers are linked with each other):
Pre-layer: OffChain database;
First layer: Application layer (mobile, wallet, etc.);
Second layer: Dapp store, sharding, voting, analytics, contract generate;
Third layer: Smart-contracts.
Problems addressed
The developers define three types of problems which related to the most of the blockchain platforms at the present stage of development:
1. Poor performance rate manifested in low transaction speed, poor scalability, etc.;
2. Some security problems, especially relevant at the time of hard forks;
3. Great challenges for developers who have to learn new programming languages for developing decentralized applications.
Also, we can add a low level of user-friendly features to this list of problems. Nowadays it a little bit convenient and easier to use a bank card in order to make a transaction that utilizes one of the launched blockchain networks.
Technology approaches
All technologies used by HetaChain are aimed at solving the current problems of blockchain platforms, which we had already talked about.
Thus, the platform's infrastructure makes it easy to use both developers and ordinary users, and in general, is a hybrid database inside and outside the chain, thereby increasing the system's ability to scaling and transaction rate.
As for the consensus algorithm, the team behind HetaChain decided to develop a dPoS plus BFT hybrid algorithm. This option is the best solution that uses the positive aspects of each of the algorithms and eliminates their disadvantages. dPoS + BFT can be used both for main and private networks.
As for the transaction fee, it will be charged per each transfer and needed to reward the producer unit, as well as users participating in voting as a reward for supporting a network. The size of the fee will be calculated based on the complexity and size of the transaction but will be maintained at a minimum level.
Also, the ecosystem provides using and development of the smart-contracts. HetaChain will develop a number of smart-contracts' templates that are ready for use in real business sectors and do not require additional development efforts.
As for the blocks, like any other blockchain oriented platform, HetaChain is a collection of blocks arranged one after another. At the same time, each next block has a connection with the previous one, after the block has hit the circuit, the data cannot be changed. A block in HetaChain consists of three parts: a block header, block data, and block meta-data.
For more detailed information about the project and the terms of participation, I recommend to visit the links below:
☑️ Link to the project: https://heta.org/
☑️WhitePaper: https://heta.org/docs/HetaChain_whitepaper_en-ver-1.0.pdf
☑️Telegram: https://t.me/Hetachain_Community
☑️Twitter: https://twitter.com/heta_org
☑️Facebook: https://www.facebook.com/hetachainofficial
☑️ANN: https://bitcointalk.org/index.php?topic=5043007
Author:https://bitcointalk.org/index.php?action=profile;u=1047035
