THE HELIOS PROTOCOL : RESTORING THE GOLDEN QUALITIES OF DIGITAL CURRENCY
INTRODUCTION
During the time of creation of BTC, there were so many benefits that became available in thw finanu world that made people chose the use of digital coin over the oldest way of holding and using money. This was so because the arrival of the digital money removed every form of restrictions and complexities to money use and transfer established by the financiaI banks to introduce a trustless approach that was more cost saving and safe. Then transaction fees were very low and almost insignificant and transactions were really fast with very low latency. But now the reverse is what is seen as users operate on the same digital structures that was once top notch and it seems nothing can be done to help this. But here is the good news, the Helios Protocol has the intention and all the infrastructures needed to restore the perfect shape of the digital ledger operations with the cryptocoins.
THE HELIOS PROTOCOL
This platform exist as the great solution to boost the performance of the digital ledger while trashing the existing problems. Now it has set its goals already with the great team behind it and is ready to make the expected improvement.
It has the aim of sustaining the good qualities still existing in the community such as decentralisation and the great immutability of the system. It will bring about massive adoption and establish a better way for users to interact with the system even better. Then by doing this, the useful dApps will be used continuously without posing issues to the system in addition to the programming languages which will be executed when necessary. Necessary modifications will be made to prevent breakdowns of any smartcontracts and to ensure that the transaction completion time is kept as short as possible. However, low transaction fees will be required in contrast to exorbitant fees that scares people away and make them prefer to use the traditional system.
HOW HELIOS IMPROVES ON TRANSACTION EXECUTION
The platform can perform as many transactions at a time without being interrupted or slowing down unlike so many platforms that default in this aspect. How has it successfully addressed that problem? Helios has chosen not to follow the parallel process as others which has ended them up having bottleneck in operations. It simply adopts a much more serialized process that involves having a specific paths and different nodes/ wallet address for all the transactions. This helps them take different paths without colliding with one another. It does this on its network for every transaction to have a free route to be executed without delays and that settles it for the bottleneck transaction problems.
THE CHARACTERISTICS OF THE HELIOS PROTOCOL
This protocol makes sure every single wallet address of any operation to be performed has a specific block to contain such transactions which might eventually be expanded to take even more and produce more blocks.
Anytime there is a new transaction to be completed, the protocol makes sure it is automatically added to a new block where both the sender and receiver can access.
As far as a wallet block is concerned, no other transaction except the one it sends or receive will be housed in it. This helps to prevent overcrowding in the block.
HOW TRANSACTIONS ARE PERFORMED FROM THE USERS BLOCK
This is typically what happens when a transaction is to be done between two parties in Helios.
Firstly, the sender and receiver are noted and the sender creates a new block for the transaction he is able to execute. This is followed by the signing of such transaction alongside all the other information that should be attached before adding such to the wallet address and block. The operation can be launched when the sender decides to based on the pending transactions. But whenever it is ready to be sent, the sender will painstakingly broadcast it to the network.
When that is done successfully, the transcation will be passed on to the receiver's block as propagation from the sender through the network and the receiver get to see it almost immediately. Then the receiver gets the notification and add that up to his other existing programs and whenever he is ready to complete it, such transactions would be viewed and completed at once. When that is done, the sender also gets notified and both come to an agreement that such transaction is a success on both blocks of the receiver and sender.
CONCLUSION
The project, Helios makes users able to harness the digital ledger even more, making them take full advantage of all what is available for them through it. Now all transactions can become faster and done with very low transaction fees. It will do so much to carry even the Nov along and make them safe as they participate in the ledger chain activities.
USEFUL LINKS
Website: https://heliosprotocol.io
Whitepaper: https://heliosprotocol.io/#project-tabs-indicator-white-paper
Telegram: https://t.me/joinchat/GSuKeBGme_EoTjHCiGmupQ
Twitter: https://twitter.com/HeliosPlatform
Facebook: https://HeliosProtocolPlatform
Github: https://github.com/Helios-Protocol
AUTHOR'S DETAILS
Name: Okeke Chioma
Email: [email protected]