The Blockchain technology with its ability to facilitate peer-to-peer transactions without the need for third-party intermediaries can disrupt many existing systems and centralized applications, especially in the banking and financial services sectors.
Combined with the power of smart contracts, blockchain technology has the potential to change economic dynamics 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 innovative innovation in how data is created, shared and edited. But even so, the 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 using the very high performance Blockchain platform.
Cryptographic Algorithm Uses ECDSA (Digital Elliptic Motion Sign Algorithm) with secp256k1 curves 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.
Challenges in Adoption.
However, the speed of adoption of Blockchain-driven solutions for solving real-world problems and replacing existing systems has been slow. The main reason can be related to scalability problems that interfere with Bitcoin, Ethereum, and other Blockchain.
Both Blockchain, Bitcoin, and Ethereum experience network congestion problems towards the end of last year. Transactions are slow and very high costs threaten to defeat the purpose for which technology was created.
Even decentralized applications (DAPPS) that are built on the existing Blockchain tend to jam with performance issues, not giving users the comfort and ease of use that they are used to. There is a need for a Blockchain that is designed to provide technological benefits, and it is also quite scalable to handle the massive traffic of existing systems.
Hetachain : Solution.
Hetachain intends to solve the problems mentioned above and make a high-performance scalable Blockchain, facilitating easy and smart contract making and easy to use by end users. This is achieved by coming up with a hybrid consensus mechanism based on Delegated Proof of Stake (DPoS) and Byzantine Error Tolerance (BFT).
The aim is to make the Blockchain scalable, have 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.
HetaCoin : Cryptocurrency which is the fuel of Hetachain.
The original cryptocurrency that moves and drives Hetachain and allows blockchain as a service, HetaCoin has many use cases.
Usage fees are paid by users or companies that intend to use Hetachain as a service.
Transaction fees must be paid at HetaCoins.
Prizes will be distributed at HetaCoins.
Hetachain aspires to resolve problems that currently disrupt current blocking and solutions whether it is scalability, privacy, security or throughput. With its latest architecture and design, it has the potential to emerge as a leader who can bridge the gap between technology and humans, and change the landscape that emerges.
About Hetacoin – HETA.
Hetacoin is the Hetachain internal crypto currency 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, he must pay for mount Hetacoib previously determined. Also called transaction costs. This mandatory fee makes Hetacoin have real value for the system. This can also prevent traders from flooding networks with unlimited microtransactions.
When a user participates in a consensus process or validation of the Main Chain and Personal Chain, he must be rewarded with certain Hetacoin. This is also referred to as Giving appreciation 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.
HETA Tokenization :
Teams = 15%.
Advisors and Partners = 03%.
Boounty and Airdrop = 05%.
Business Operation = 03%.
Product Development = 04%.
Foundation Reserve = 10%.
Private Sales = 20%.
Public Sales = 40%.
Q1 and Q2 2018.
Designing HetaChain Writting.
Q2 & Q3 2018.
UI displays Blockchain data.
Hetachain ICO event.
HetaChain ICO personal sales.
MetaChain block explorer demo.
Hetachain test net (test version).
HetaChain ICO public sales began.
HETA listings token on exchange.
Development of Privatechain.
Q1 2019, Opening.
Development of Dapp Development.
Wallet update, (multi-token).
Launch the HetaChain clean test.
Auto makes Dapp.
Heta Portal fee calculation.
HetaChain explorer, (update) block.
Hetachain mainnet, (test version).
Launch of Q3 2019 mainnet Hetacoin Hetachain.
WEBSITE : https://www.heta.org
MEDIUM : https://medium.com/@hetachain_blog
REDDIT : https://www.reddit.com/user/hetachain
STEEMIT : https://steemit.com/@hetachain
BOUNTY : https://bitcointalk.org/index.php?topic=5032045.0
FACEBOOK : https://www.facebook.com/hetachain
TWITTER : https://twitter.com/hetachain
LINKEDIN : https://www.linkedin.com/company/hetachain-network/