Introduction to Hetachain
HETACHAIN. With in-depth research and a brilliant team we propose new horizons and phases to the blockchain era, Blockchain 3.0. HETACHAIN ​​was established, positioned as easy to use, flexible for users, developers (easy to make smart contracts), and high-performance blockchain platforms. A blockchain built with enterprise-level application in mind, HETACHAIN ​​is a hybrid of a more effective dPOS (this claim focuses on the throughput of the blockchain when compared to POW and POS) and Byzantine Error Tolerance (BFT) is prepared to maximize system performance.
Since the beginning of the Blockchain, the developer community has grappled with the Trilemma Scalability. HETACHAIN ​​comes with a variety of features that technically focus on easy use while also giving the community a decentralized developer the ability to not only be able to implement smart contracts to run decentralized applications (dApps), it handles the inherent weaknesses of its predecessor in the blockchain network, system throughput and mass adoption.
With the hybrid DPoS + BFT consensus algorithm, the trilemma of agelong scalability is being handled with HETACHAIN ​​pushing a blockchain network that is truly managed democratically because it also balances the system throughput.
A better version of the EOS network where only 21 supernodes were chosen to act as block manufacturers that theoretically proved to be vulnerable to collusion among supernodes, HETACHAIN ​​is regulated by a more decentralized system of 33 Masternodes programmed stochastically to have equal opportunities to fill and produce the next block in the chain. This guarantees very high throughput while ensuring democratic decentralization in networks that has become the main curse of other networks that try to solve the trilemma of scalability.
Achieving mass adoption is only one step with HETACHAIN ​​because it builds ease of use with better network capabilities, allowing calculation of industrial classes to run on its network.
The evolution of the Blockchain
Crossing the world of human evolution, the essence of human existence is observing a deep desire to evolve and finally dominate the world. When humans try to evolve, so do their ideas and innovations that are born with a real progressive cycle of evolution.
The core driver of evolution for humans is technology that is born through the knowledge and application of science. Within the scope of technology it has increased the industrial giant that changed traditional ways of doing business and regulating society, sharply at the center of the evolution of society, business and other developments. We see this on Silicon by Valley giants like Facebook, Twitter, Uber, and Amazon etc. to mention the fewest.
But the gap between human evolution and genuine democratization that gives humans the true power that is attempted gives birth to the idea of ​​a system and a decentralized economy of things grown by the technological giants enshrined in the core centralized ideals.
This lack of a centralized system resulted in the first digital distributed digital book technology in which the first cryptocurrency, bitcoin was built on - the Bitcoin network. This network ushered in an aspiration that was once imaginary to be able to transact valuable things without censorship, facilitating peer to peer transactions across borders in a fairly anonymous manner. This, of course, is an extraordinary idea and a confusing new way to understand how Finance and our business must be understood and implemented because it ensures the transfer of unlimited economic benefits. That's Blockchain 1.0
But because every predecessor in the technological revolution has shown, the Bitcoin Network does not eliminate blind spots and inherent problems that include congestion networks which result in increased transaction costs, slow block confirmation times and consensus protocols that regulate vulnerable splits that result in blockchain and communities split, not also cited the energy-hungry Powell's Proof-of-Work protocol which made it unsuitable for mainstream adoption where delays in payment of fees and transactions resulted in billions of dollars in losses that most corporate entities found unrealistic and indiscriminate. risk to take their business even with innovative second layer solutions such as Lightning Network and Segwits built in.
These inherent issues including the limitation of only being able to handle cases of financial use require the emergence of a better system that is built on the core principles of decentralization. This new network is what is now called the Blockchain 2.0
The Blockchain 2.0 is Ethereum Network which is another public blockchain built on the principles underlying mass adoption. This was developed after several types of research on the Bitcoin blockchain that was introduced earlier were tested. Developers after thorough research and tests launched the complete Turing Ethereum blockchain capable of deploying decentralized applications functioning through the principle of smart contracts.
It is possible to issue special tokens on the blockchain that cannot be used on the Bitcoin blockchain and scripting functions beyond the basic Bitcoin Network's ability to use financial cases. With mass adoption in view, there seems to be a latent weakness in the technology that produced this. It is only able to process and fill blocks at peak transaction speeds of 15 transactions per second (tps).
This, of course, is a very far-reaching and ridiculous achievement compared to VISA throughput which reaches 45,000 tps which is accepted as an industry standard. Being the first mover in the field of Decentralized Applications (dApps) and touting it has become a perfect substitute for centralized solutions such as VISA, sheer Cryptokitties (a dApp built on the Ethereum network) are able to lower the Network to its knees with its users interacting with its interface. Could this be the solution to the problem of decentralized democracy? Even with newer solutions being proposed such as the sharding and off-chain solutions offered as a solution to its latent weakness, it seems that the road to mass adoption is still not achievable.
For more information visit the following link
🌐 Website - https://heta.org/
💬 Twitter - https://twitter.com/hetachain
👥 Facebook - https://www.facebook.com/hetachain
🗣 Telegram - https://t.me/hetachain
Author of Details
Username Bitcointalk: Gambzzz
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2466351;sa=summary
ETH Address: 0xA6731EE0CD5c0176EE241903E91dAF92cF65cF4D
Telegram: @Gambzzz