With its specialized and constantly evolving ecosystem, Blockchain is certainly beyond the boundaries of the Finance and Banking industry, paving the way for a broader range of other areas globally, soon to be the cornerstone of Blockchain 3.0 technology. will be named as global integration ahead of the 4.0 era.
The sooner the technology comes out, the sooner the better. With the rapid development of mankind, it is not difficult to understand that earlier protocols and technologies have become more useless in the new era, with many visible shortcomings. The obsolete Blockchain 1.0 and 2.0 platforms are the most obvious.
Transaction speed is too slow (only 5 to 7 transactions per second) because there are too many users, something difficult to accept in the financial industry when the IBM network can handle 20,000 transactions / seconds quickly.
Security too high as a two-blade knife makes users feel uncomfortable. If you accidentally forgot your password, want to be reissued as «bottomless needle» because Blockchain's structure is no third party verification of user behavior.
Most importantly, the old Blockchain platform is vulnerable to attack by the user when the total number of users in the same network is grouped together (also called over-the-counter attacks).
So much has led people to assume, are there any new innovations that help platform 1.0 and 2.0 improve all the gaps, upgrade to a new heights adapt to technological society? And at that time, Blockchain 3.0 technology, with the typical representative is HetaChain was born.
Advantages of Project :
HetaChain is an advance, high- performance blockchain 3.0 built with industrial scale computational capabilities that immutably allows users to deploy decentralized applications devoid of censorship, fraud, downtime or third party incurred costs. It's laden with the ability to operate on a full commercial basis focussed on ushering the world into the next Industrial Revolution 4.0.
Scalable : HetaChain possesses the capacity to process thousands of commercial scale Dapps transactions in inter-blockchain communication
Secure : HetaChain runs a secure and efficient consensus protocol using DPoS and BFT hybrid consensus algorithm. In this way, HetaChain is secured against an array of cyberattacks and other malicious threats which has pushed forth a decentralized system of storing and sharing data which is crucial in the prevalent technological space
Flexible : HetaChain's flexibility is achieved through ability to freeze and fix broken applications with generalized role-based permissions
Fast : HetaChain's unique technology allows for fast transactions approval (TPS) without the risk of downtime. It is built to adequately cater for a high throughput which is one of the commercial attributes of a new generation network addressing the shortcomings of the other existing blockchains
Heta Protocol - Multichain Platform : To communicate between private chains and main chain of the Heta blockchain system, we provide Bridge Protocol geared towards helping private chains summit their data to main chain for validation. Actually, each private chain needs to pay usage fee (via HETA coin) when using. Private chain will pay an amount of HETA coins in order to issue transactions. This fee is configurable depending on volume of usage.
Cryptography Algorithms :Use ECDSA (Elliptic Curve Digital Signature Algorithm) with secp256k1’s curve for public-private cryptography. The private key is a random 256 bit data.
The fourth industrial revolution will require the use of smart technologies in all areas of the society creating connectivity across smart home, smart businesses, smart factories, smart economy, smart governance, smart living etc.HETACHAIN through its record transaction per second capabilities will allow the smart communication of these varying elements of the smart industry allowing for increased efficiency in design, production, distribution, governance, management, transportation, education, food production etc.
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
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LINKEDIN : https://www.linkedin.com/company/hetachain-network/