HetaChain – A Blockchain Platform for the Smart Economy

aleks2 (28)in #ico • 5 years ago

Blockchain platforms have exploded in popularity over recent years – but how many are solutions that don’t work, for problems that don’t exist?

Instead of focusing on technology, we asked our business partners about the challenges they face. Then we surveyed the state of the art in blockchain and chose the solutions that best addressed those challenges.

The result is HetaChain: a blockchain with broad applications across government, business, and communities.

Scalable
One block at a time, the data stored on a blockchain grows without an upper bound to file size. We implement side chains and connections to 3rd party offchain databases, so that businesses can manage the size of their ledger.

Secure
Only Hetachain’s main network is necessarily public. Our side chains can be either public or private, ensuring data is kept confidential when the need arises.

Fast
We use a Byzantine fault tolerant, delegated proof of stake (DPoS+BFT) consensus model to provide a high number of transactions per second without compromising security. We plan to have a limit of 33 delegate nodes to keep consensus time low.

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Heta Protocol – A Multichain Platform
Hetachain’s sidechains allow you to easily deploy an enterprise blockchain, hosted however and wherever you want.

Our Bridge Protocol allows you to securely submit data to the main chain for verification, paying HETA tokens for this service.

In practice, this allows you to move your application to its own blockchain so it benefits from the full speed of the network, without sharing resources with other applications. At the same time, you benefit from the immutability and infrastructure our public Main Net provides.

Our main network will be able to run smart contracts written in C++, Solidity and others. This means there is already an established community of developers and documentation to get started building your application.

The HETA Token
HETA is the native token of the HetaChain Main Network. All network usage fees are paid in HETA.

Transaction fees on Hetachain are paid when sending HETA, when sidechain data needs to be validated by the main network, or when smart contracts need to be called on the main network.

HETA is received by users if they participate in the consensus or validation process of either the Main Network or one of the sidechains. These processes are distinct due to our use of delegated proof of stake.

The fees and reward for validation will depend on the amount of processing required, to ensure all sidechains can obtain fair use of the main network.

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Heta Tokenization
15% Teams
03% Advisor & Partners
05% Bounty & Airdrop
03% Business Operation
04% Product Development
30% Private Sales
40% Public Sales
60,000,000,000 HETA