HetaChain - Blockchain-Plattform für die Smart Economy

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About Hetachain

The Blockchain technology with its capabilities has facilitated peer-to-peer transactions without the need for third-party intermediaries that can interfere with existing centralized systems and applications, especially in the banking and financial sectors.

Combined with powerful intellectual contracts, blockchain technology has the potential to change the economic dynamics of the world. A truly decentralized ecological system will take control of several self-service organizations and return them to the masses.

Blockchain Innovation technology is truly innovative in data creation, sharing and editing. But even in this case, blockchain technology is currently faced with a critical issue of its performance. For this reason, Hetachain proposes to create the latest Blockchain network architecture, which will be used very easily, more flexibly for users and developers using a very high bandwidth platform.

The cryptographic algorithm uses the ECDSA (Digital Elliptical Sign of Motion) algorithm with secp256k1 curves for public-private cryptography. The private key is 256-bit random data.

The HETA address associated with this private key is the last 160 bits of the SHA3-256 (Keccak) public key hash.

Adoption Issues

The speed of blockchain-based decision making to solve real-world problems and replace existing systems was slow. The root cause may be related to scalability issues that interfere with bitcoin, ethereum, and other block chains. Both bitcoin and ethereum blockchain are experiencing problems with network overload by the end of last year. Transactions are slow, and very high costs threaten to defeat the purpose for which the technology was created. Even decentralized applications (DAPPS), which are built on an existing block, tend to get stuck with performance problems without giving users the comfort and ease of use they are used to. There is a need for a blockchain, which is designed to provide technological advantages, and is also scalable enough to handle massive traffic from the existing system.

Hetachain Solution

Hetachain intends to solve the problem mentioned above and make a high-performance, scalable blockchin, facilitating an easy and smart contract and easy to use by end users. This is achieved by creating a hybrid consensus mechanism based on delegated share proof (DPoS) and Byzantine error tolerance (BFT). The goal is to make the block chain scalable, have shorter time blocks and higher bandwidth. Using the Hetachain algorithm, a block is generated every 1 second and checked with a single magenta on the network.

About Hetacoin - HETA

Hetacoin is the internal cryptocurrency Hetachain used in the Mainchain network. Hetacoin is used as a tool to pay fees for using the Heta Blockchain service.

When a user commits a transaction that exchanges coins or tokens that were made by Het, he must pay for the previously installed Hetacoib. Also referred to as transaction costs. This mandatory duty makes Hetacoin a real value for the system. It can also prevent traders from creating networks with unlimited microtransactions.

When a user participates in a consensus process or verification of the main chain and personal chain, he must be rewarded with a certain Hetakoy. This is also called providing benefits to users. For the level of consensus recognition, it should depend on how much effort the participants have spent on this process.

HetaCoin: Cryptocurrency, which is a Hetachain fuel.

The original cryptocurrency, which moves and manages Hetachain and allows you to block as a service, HetaCoin has many uses.

> The usage fee is paid by users or companies that intend to use Hetachain as a service.

> Transaction fees must be paid at HetaCoins.

> Prizes will be distributed on HetaCoins

Hetachain aims to solve problems that currently violate current locks and solutions, be it scalability, confidentiality, security or bandwidth. Thanks to its newest architecture and design, it can become a leader who can bridge the gap between technology and people and change the landscape that arises.

ROADMAP

Q1 and Q2 2018

Designing HetaChain Writting

Whitepaper

Q2 and Q3 2018

Mainchain Development

UI displays blockchain data

Demo

Wallet Hetachain ICO version

HetaChain ICO for private sales

Q4 2018

Block Explorer Demo