Generation 3.0 Crypto - The Heat Ledger
Not to be mistaken for “Heath” Ledger… seriously I googled 'HEAT Ledger' and google told me I must be wrong, and gave me “Heath” Ledger links. I digress…
What is the HEAT Ledger?
H.E.A.T. Ledger stands for Heuristically Enhanced Asynchronous Transaction Ledger. And it considers itself a generation 3.0 crypto.
The HEAT Ledger provides unlimited scalability, limited only by the hardware used. The HEAT blockchain can sustain transaction throughput of at least 1000 tps 24/7.
HEAT claims to solve the issue of scalability by combining the best features of crypto 2.0 with a completely remade, sliced binary blockchain mechanism. It does this with a custom built storage and access solution that achieves 30 million updates per second.
The HEAT crypto client provides access to major cryptocurrencies including BTC, ETH, FIMK and NXT.
HEAT uses a combination of proof of stake which it inherited from Nxt and proof of presence. In PoP nodes are rewarded for maintaining online the sliced block files that form the complete HEAT blockchain.
You can check out the HEAT whitepaper.
The HEAT ICO
The HEAT ICO just finished up on August 10, here are the final but unconfirmed investment amounts.
Those who participated can check back on August 22 to claim their tokens.
HEAT tokens will be distributed from the genesis block on September 5, 2016.
HEAT Ledger plans a public share offering of stock equity in late 2016. New company shares will be released to constitute 20% - 25% of total company equity in order to raise 0.5 – 1.5 million Euros for further funding. HEAT token holders will receive options that entitle a 50% minimum rebate from the IPO share price.
Learn About HEAT
Check out the website.
Also check out the August issue of CORE magazine and their interview with HEAT lead developer Dennis de Klerk. Dennis is the creator of the FIMK cryptocurrency.
Dennis talks about how HEAT can bring the blockchain to ‘MasterCard’ levels, which I think is pretty cool.
My Impressions
From what I’m reading the main benefits of HEAT is scalability and a high transaction throughput rate, which are two key problems in the cryptocurrency space. It’s always good when someone can solve a problem.
I put a few ether into the ICO just to dip my toe in the water.
If you have any opinions on HEAT please share in the comments section.