The cryptocurrency industry is not standing still , A revolution is on the way
HetaChain is a multiple channel chain that consists of the capacity of both the private and public chains meant for effective and a management system transaction that is established solely for computational demands for industry-level in order to allow efficient processing - Facilitated by commercial applications as well as economic activities.
)
- Blockchain 1.0: Currency :
The implementation of distributed ledger technology (DLT) led to its first and obvious application: cryptocurrencies. This allows fincancial transactions based on blockchain technology or DLT (for the sake of simplicity often seen as synonyms) to be executed with Bitcoin being the most prominent example in this segment. It is being used as “cash for the Internet”, a digital payment system and can be seen as the enabler of an “Internet of Money”.
- Blockchain 2.0-Smart contracts :
the industry began to recognize the important value of Blockchain technology and create a common technology platform and provide developers with BaaS (Blockchain as service) services, which greatly improve the transaction speed, reduce resource consumption and support multiple consensus algorithms such as PoW, PoS and DPoS and make DApp development easier.
- Blockchain 3.0
The problems that have faced Blockchain 1.0 and 2.0 iterations are well established and have been limiting factors to their mainstream adoption and acceptance for their true potential. Primarily, these problems stem from limited functionality in the following areas :
- Adoption & Familiarity
- High Scalability
- Interoperability
- Sustainability
- Privacy
- Governance
-Transaction performance :
Transaction volume and applications are increasing rapidly on current blockchains, making network congestion a major issue .
Bitcoin, a legacy network, is confined to about 7 TPS. Compared to Visa with an average TPS of 2,000 and a maximum TPS of 50,000 , it is extremely slow .
Even Lightning network aims for just 1,000 TPS, far below existing industry standard
-Poor Security :
Community splits can lead to multiple hard forks, leading to an increasingly splintered blockchain network .
20% of network attacks
-Difficulty in Developing DAPPs :
Developers have issues creating optimized Dapps for existing blockchain network .
Bitcoin brought us Blockchain 1.0, and Ethereum brought us Blockchain 2.0. Now , Blockchain 3.0 technology is on the horizon, bringing with it a new paradigm of Internet infrastructure, interoperability , and scalability.
That’s why 3rd generational blockchains are slowly breaking the dawn with their innovative ways to incorporate these properties so that they can adapt to the ever-changing demands of this space.
Hetachain & Multichain Platform ( Blockchain 3.0 )
The world of our economy has changed since the day of Blockchain’s and Bitcoin’s invention . Also , the world of Hi-tech industry has changed since then . Afterward , smart contract platform opened the new era of the applications on top of Blockchain 2.0 , which is a computer protocol intended to digitally facilitate , verify or enforce the negotiation or performance of a contract . Blockchain 2.0 allows the performance of credible transactions without third parties.
Nevertheless , they called that protocols " trustless " . Since then, the online business industry has been identifying …
Now , this year of 2018 , " HetaChain " comes out and revolutionizes the new generation of Blockchain 3.0 ... Heta Blockchain 3.0 Platform helps governmental services , businesses , organizations ... build the dApps and make the dApps into the real life: Banking Industry , IoT Industry , Robotics Industry , Healthcare Industry , E-commerce Industry ...
This article proposes a new , high-performance and scalable blockchain platform as well as the ecosystem which makes blockchain more usable and valuable . As introduced , " Blockchain " is the foundational technology behind Bitcoin . It is also a potentially groundbreaking innovation in how data is created , shared , and edited . Through an immutable ledger and consensus algorithms that ensure the integrity of the blockchain , it is possible to create a " trustless " type of information ; a type that is truly decentralized and transparent . But blockchain technology is still quite limited by these critical problems: stable , transactions per second (TPS) .
Multi-Chain Blockchain Design :
With HetaChain, we propose a multi-chain system Blockchain. In which users can use HetaChain for both public blockchain and private blockchain.
There is one Public Main Chain: that functions as a normal Public Blockchain (like Ethereum, Bitcoin ...) . Mainchain is the core of HETA, all public token will be store in Mainchain and be validated by master nodes
(dPOS + BFT consensus). Besides, Mainchain can also generate to many private chain for private use. It links every transactions from other chains together to forge an immutable ledger. Every master node will main one duplication of Public Main Chain.There are multiple Private Chains: that serve as private channels for different “client”. Here, we interpret a “client” as any company, organization, person,.. using platform. Client will control their own chain and communicate with
Public Main Chain via communication protocol.Bridge Protocol: We propose a Privacy Preserving Bridge Protocol to link Private Chains to Main Chain. The intuition is that, while private transactions details are distributed securely over Private Chain channels, the Bridge Protocol provides a secure communication between Private Chain and Mainchain, abstracts details and creates cryptographic verifiable proofs on both chains to ensure system transparency and security.
Find more about HetaChain through official channels :
Website : https://www.heta.org
Medium : https://medium.com/@hetachain_blog
Reddit : https://www.reddit.com/user/hetachain
Facebook : https://www.facebook.com/hetachain
Twitter : https://twitter.com/hetachain
Linkedin : https://www.linkedin.com/company/hetachain-network/
Author : Mari Graschini
My bitcointalk : https://bitcointalk.org/index.php?action=profile;u=2315185
)- Blockchain 1.0: Currency :
The implementation of distributed ledger technology (DLT) led to its first and obvious application: cryptocurrencies. This allows fincancial transactions based on blockchain technology or DLT (for the sake of simplicity often seen as synonyms) to be executed with Bitcoin being the most prominent example in this segment. It is being used as “cash for the Internet”, a digital payment system and can be seen as the enabler of an “Internet of Money”.
- Blockchain 2.0-Smart contracts :
the industry began to recognize the important value of Blockchain technology and create a common technology platform and provide developers with BaaS (Blockchain as service) services, which greatly improve the transaction speed, reduce resource consumption and support multiple consensus algorithms such as PoW, PoS and DPoS and make DApp development easier.
- Blockchain 3.0
The problems that have faced Blockchain 1.0 and 2.0 iterations are well established and have been limiting factors to their mainstream adoption and acceptance for their true potential. Primarily, these problems stem from limited functionality in the following areas :
- Adoption & Familiarity
- High Scalability
- Interoperability
- Sustainability
- Privacy
- Governance
-Transaction performance :
Transaction volume and applications are increasing rapidly on current blockchains, making network congestion a major issue .
Bitcoin, a legacy network, is confined to about 7 TPS. Compared to Visa with an average TPS of 2,000 and a maximum TPS of 50,000 , it is extremely slow .
Even Lightning network aims for just 1,000 TPS, far below existing industry standard
-Poor Security :
Community splits can lead to multiple hard forks, leading to an increasingly splintered blockchain network .
20% of network attacks
-Difficulty in Developing DAPPs :
Developers have issues creating optimized Dapps for existing blockchain network .
Bitcoin brought us Blockchain 1.0, and Ethereum brought us Blockchain 2.0. Now , Blockchain 3.0 technology is on the horizon, bringing with it a new paradigm of Internet infrastructure, interoperability , and scalability.
That’s why 3rd generational blockchains are slowly breaking the dawn with their innovative ways to incorporate these properties so that they can adapt to the ever-changing demands of this space.
Hetachain & Multichain Platform ( Blockchain 3.0 )
The world of our economy has changed since the day of Blockchain’s and Bitcoin’s invention . Also , the world of Hi-tech industry has changed since then . Afterward , smart contract platform opened the new era of the applications on top of Blockchain 2.0 , which is a computer protocol intended to digitally facilitate , verify or enforce the negotiation or performance of a contract . Blockchain 2.0 allows the performance of credible transactions without third parties.
Nevertheless , they called that protocols " trustless " . Since then, the online business industry has been identifying …
Now , this year of 2018 , " HetaChain " comes out and revolutionizes the new generation of Blockchain 3.0 ... Heta Blockchain 3.0 Platform helps governmental services , businesses , organizations ... build the dApps and make the dApps into the real life: Banking Industry , IoT Industry , Robotics Industry , Healthcare Industry , E-commerce Industry ...
This article proposes a new , high-performance and scalable blockchain platform as well as the ecosystem which makes blockchain more usable and valuable . As introduced , " Blockchain " is the foundational technology behind Bitcoin . It is also a potentially groundbreaking innovation in how data is created , shared , and edited . Through an immutable ledger and consensus algorithms that ensure the integrity of the blockchain , it is possible to create a " trustless " type of information ; a type that is truly decentralized and transparent . But blockchain technology is still quite limited by these critical problems: stable , transactions per second (TPS) .
Multi-Chain Blockchain Design :
With HetaChain, we propose a multi-chain system Blockchain. In which users can use HetaChain for both public blockchain and private blockchain.
There is one Public Main Chain: that functions as a normal Public Blockchain (like Ethereum, Bitcoin ...) . Mainchain is the core of HETA, all public token will be store in Mainchain and be validated by master nodes
(dPOS + BFT consensus). Besides, Mainchain can also generate to many private chain for private use. It links every transactions from other chains together to forge an immutable ledger. Every master node will main one duplication of Public Main Chain.There are multiple Private Chains: that serve as private channels for different “client”. Here, we interpret a “client” as any company, organization, person,.. using platform. Client will control their own chain and communicate with
Public Main Chain via communication protocol.Bridge Protocol: We propose a Privacy Preserving Bridge Protocol to link Private Chains to Main Chain. The intuition is that, while private transactions details are distributed securely over Private Chain channels, the Bridge Protocol provides a secure communication between Private Chain and Mainchain, abstracts details and creates cryptographic verifiable proofs on both chains to ensure system transparency and security.
Find more about HetaChain through official channels :
Website : https://www.heta.org
Medium : https://medium.com/@hetachain_blog
Reddit : https://www.reddit.com/user/hetachain
Facebook : https://www.facebook.com/hetachain
Twitter : https://twitter.com/hetachain
Linkedin : https://www.linkedin.com/company/hetachain-network/
Author : Mari Graschini
My bitcointalk : https://bitcointalk.org/index.php?action=profile;u=2315185
I got into holo for a while, but now I'm all in on Neo
Congratulations @ch24! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click here to view your Board
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
Congratulations @ch24! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click here to view your Board
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
Thank you so much for sharing this amazing post with us!
Have you heard about Partiko? It’s a really convenient mobile app for Steem! With Partiko, you can easily see what’s going on in the Steem community, make posts and comments (no beneficiary cut forever!), and always stayed connected with your followers via push notification!
Partiko also rewards you with Partiko Points (3000 Partiko Point bonus when you first use it!), and Partiko Points can be converted into Steem tokens. You can earn Partiko Points easily by making posts and comments using Partiko.
We also noticed that your Steem Power is low. We will be very happy to delegate 15 Steem Power to you once you have made a post using Partiko! With more Steem Power, you can make more posts and comments, and earn more rewards!
If that all sounds interesting, you can:
Thank you so much for reading this message!
Congratulations @ch24! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!