TOLAR: Deploying HashNET Protocol To Provide Solutions Relating To Slow Transaction Speed, Scalability, Cost, Among Others in the Blockchain Space
OVERVIEW
The coming of the blockchain technology into our daily lives has paved a way for innovation and technological advancement. With its execution into various sectors especially in the area of education, health, business, marketing, commerce, among others, the blockchain technology has been gaining so much popularity ever since its berthed and with time it will be one of the next best things to happen to mankind, and make history with the likes of the steam engine, the Internet, information technologies, etc. However, one of the major problems with the current blockchain technology is the lack of mass adoption as most of its features and technologies cannot support the current situation.
For example, let talk about E-commerce. Traditionally we use our visa or master cards to make transactions from buyers to sellers, but the blockchain network is able to do the same yet its transaction per second is so slow that no one even wants to go near it, not to even talk of the High transaction fees.
This is just an example of one of the challenges that prevent mass embracing of this piece of technology. However, there is hope and an inherent solution to this challenges and this is where the platform called Tolar HashNet comes into play.
WHAT IS TOLAR HASHNET?
This is a platform that makes use of аѕуnсhrоnоuѕ dіѕtrіbutеd consensus рrоtосоl on аn accurately designed directed acyclic network structure whісh is hіghlу іnnоvаtіvе аnd aims to address рrоblеmѕ concerning computation and еffесtіvе соmmunісаtіng dіffісultіеѕ whісh аrе usually seen when maintaining large-size рublіс distributed lеdgеrѕ.
The above-mentioned consensus protocol is very efficient than the usual structure based group communication algorithms and they offer features that give them an edge over their predecessors such as processing big sizes of groups, sporadic sources, handle Randomized network failures and user churns.
As we are aware that the main aim of the platform is to drastically reduce the computational and communication resources that will be used in the operations and maintenance of the system. There is also a protocol in check that is being used to reduced traffic load when information is being delivered called the Redundancy Reduced Gossip and this transfers information on a very developed network.
This protocol now allows for the creation of a fewer number of messages than its predecessors, which are just P2} overlay in their N-N connection.
FUNDAMENTAL WORKINGS OF THE TOLAR HASHNET
The platform makes use of a reputation system that has the ability to regulate as well as verify. This function in a manner that it handles the notoriety scores in a repetitive and cumulative manner over a time limit.
The Proof of Stake bases train will allow for the platform to be able to quantify conventional violation.
HаѕhNET also utilized Confidential Trаnѕасtіоnѕ and Onе-Wау Aggregate Sіgnаturеѕ that will allow the platform have max ѕрееd аnd enable glоbаl dаtа capacity ѕіzе upgrades and while allowing trades and bеttеr аdарtаbіlіtу
TOLAR HASHNET TOKEN AND ICO DETAILS.
Ticker: TOL
Type: ERC20
Token Price: 1TOL = 0.0396 USD
Total supply of tokens: 1,000,000,000 TOL
Tokens available for sale: 35%
Accepted forms of Payment: ETH, BTC, FIAT.
PARTNERSHIP:
Strategic partnerships apparently are progressively becoming a key element of business dealings’ corporate growth strategies among others, hence the Tolar Hashnet project team had entered into some strategic collaboration with partners and investors, including Diddy Carter, POD Capital, Blocoxfund, Wandarin among others to meet with its lofty objective that will be beneficial to users.
THE TOLAR HASHNET TEAM:
With A Vastly Experienced Team led by the CEO Zoran Dordevic and other professionals who have made their mark across varied sections of the digital and Blockchain technology, it is obvious that the project is obviously heading to achieving its set objective.
For more information on TOLAR HashNet, please visit
Webite: https://www.tolar.io/
Whitepaper: https://tolar.io/wp-content/transfers/2018/06/HashNET_whitepaper_v03.pdf
Linkedin: https://www.linkedin.com/organization/tolar-io/
Twitter: https://twitter.com/TolarHashNET
Telegram: https://t.me/TolarHashNET
Author's Bounty0x Username: Jannyh