To date, a huge number of people around the world know about the existence of a free registry technology. Many understand its importance and prospects in all spheres of life.
The idea of technology was invented back in the twentieth century, but was first used a little over 10 years ago. It was then that Satoshi Nakamoto developed the most popular digital currency Bitcoin at the moment. Now, in 2018, thousands of different cryptocurrencies have been created using the blockchain technology. The rapid growth of their popularity is due to the security of payments, the high speed of transactions, the presence of smart contracts that ensure the complete confidence of the parties in conducting transactions, and the safekeeping of digital assets. It is also worth noting the complete decentralization of all coins created using the blockchain.
Over its ten-year history, technology has managed to apply many projects that have made the lives of ordinary people much better. Some of them could even improve the original idea. Among the most large-scale projects are Ethereum and EOS, which gave a breath of fresh air throughout the industry.
Despite all the positive aspects of the free registry technology, it should be noted that there are some flaws that do not allow it to firmly enter our life. The solution to all existing problems should be the third generation blockchain, which I would like to tell you a little bit today. Your attention is an overview of the platform HetaChain.
To begin with, HetaChain is a third generation decentralized blockchain platform, the main task of which is to create decentralized applications for solving various tasks in the real world by various government agencies and private businesses. Among its advantages are such moments as the lack of costs for the maintenance of the ecosystem and stability of work.
It is worthwhile to draw your attention to the absence of delays in conducting transactions, the flexible architecture of the platform and the possibility of multiple scaling (up to a thousand transactions per second).
It is necessary to highlight the multichain protocol used in HetaChain, which enables the creation of a private network, as well as its connection to the main network using bridges.
The developers focus on three issues that will be completely solved with HetaChain:
Extremely low productivity, directly affecting the speed of operations. The problem arises from the fact that there is practically no scope for scaling;
Security issues that often cause unauthorized entry into the system;
Developers often have to learn new programming languages in order to develop decentralized applications, which takes a lot of time and effort.
The internal currency of the project will be HETA tokens that can be purchased during the ICO. They can be spent when paying commissions for transfers and validation of private chains. At this stage, the cost of one token is less than 2 cents, which is very acceptable. Early investors are waiting for good bonuses.
It is worth noting the project team, which is represented mainly by developers from the United Arab Emirates. It includes experienced businessmen who have already achieved some success, business analysts and blockchain developers. They set themselves a serious task, which is to create a product that in the future will be able to bring enormous benefit to people.
For the successful operation of the project will need to withstand serious competition. And competitors, by the way, are very solid: Ethereum, EOS, Seele, Zilliqa, Quarkchain. HetaChain will have to try hard to win their place under the sun. Developers need to complete work on creating a project as soon as possible, since competitors already have ready-made solutions.
However, it is necessary to say a little about the fact that the market HetaChain is going to enter is huge. It has plenty of opportunities to materialize. The project has great prospects for growth. It can be easily implemented in such vital areas as medicine, financial and banking sector.
HetaChain has one important advantage that sets it apart from the competition. This is a hybrid algorithm of consensus and a development vector aimed at the eastern regions.
I need to say a few words about the technical side of the project. Active work is underway on the creation of a dPoS + BFT hybrid algorithm. It uses all the positive aspects of the full algorithms taken. Developers have designed and created templates for smart contracts in various business sectors, which undoubtedly should help private entrepreneurs.
The HetaChain blockchain is a collection of blocks where they are all interconnected. The information in each of them is not subject to change. The block includes 3 components: heading, basic information and information intended for official use (meta-information).
If you are interested in the project at least a little bit, then I recommend to get acquainted with WhitePaper (available in English). There you can learn more about the technical component of the platform. Also in it you can find the details of the ICO.
Summing up, it can be noted that the project has a truly revolutionary task. The developers want the blockchain to spread everywhere, as it has a number of advantages over the currently existing centralized system. From myself, I would like to wish the project success and speedy implementation of all the plans, as it is already clear that the creators of HetaChain offer us a really good product.
Official site - https://heta.org/
Bitcointalk - https://bitcointalk.org/index.php?topic=5043007
Telegram - https : //t.me/Hetachain_Community
Facebook - https://www.facebook.com/hetachainofficial
Twitter - https://twitter.com/heta_org
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