HETACHAIN is a hybrid of a more effective dPOS (this claim focuses on the throughput of the blockchain when compared to POW and POS) and Byzantine Error Tolerance (BFT) is prepared to maximize system performance. Since the beginning of Blockchain, the developer community has grappled with Scalability trilemma. HETACHAIN comes with a variety of features that technically focus on easy use while also giving a decentralized developer community the ability to not only be able to implement smart contracts to run decentralized applications (dApps), it handles weaknesses inherent in its predecessor blockchain network in the field governance, system of throughput and mass adoption.
With the DPoS + BFT consensus hybrid algorithm, the agelong scalability trilemma being handled with HETACHAIN encourages blockchain networks that are truly democratically managed because they also balance the system throughput.
A better version of the EOS network where only 21 supernodes were chosen to act as block producers which theoretically proved vulnerable to collusion among supernodes, HETACHAIN was governed by a more decentralized system of 33 Masternodes programmed stochastically to have equal opportunities to fill and produce the next block in the chain. This ensures very high throughput while ensuring democratic decentralization in networks that has become the main condemnation of other networks trying to break the scalability trilemma.
Achieving mass adoption is only one step with HETACHAIN because it builds ease of use with better network capabilities so as to enable industrial class calculations to run on its network.
HetaCoin - HETA
We introduce HetaCoin, an internal crypto-currency to use inside MainChain. HetaCoin is used by enterprise or user who using Heta Blockchain Service to pay "usage fee”.
We propose these ways of using HetaCoin.
When a user creates a transaction to exchange their coins or token made by Heta, he must pay a pre-defined a mount of HetaCoin. This is also called Transaction Fee. This mandatory fee is what makes HetaCoin has real value to the system. It also prevents merchants to flood the network with unlimited micro transactions.
When a user participates in the consensus or validation process of a PrivateChain or MainChain, he should be rewarded with a certain amount of HetaCoin. This is also called Endorsing Reward. The rate of consensus reward should depends on how much effort the participant spends in the process.
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