maniecool: HETACHAIN

The Fever about cryptocurrency is increasing, people have heard about it, and more and more people want to find more about it, and find a way to be a part of it. When blockchain technology came, so many things changed, for better, we say. So many businesses have improved, so many companies have started using crypto currencies in their work. The new ideas are coming every day. People want to invest in the new projects. We have the biggest tool in the world, and it is called the Internet. The internet is an enormous base of information where we can do anything. Internet has connected the entire world.
Because of the access to the internet we are able to get information about one of the most incredible crypto-project which is known as HETACHAIN

Hetachain is a revolutionary “hybrid” network of blockchains which intends to resolve the issues and create a high-performance blockchain which is scalable, facilitates easy, smart contract creation and easy to use by end users. This is achieved with a hybrid consensus mechanism that is based on the Delegated Proof of Stake (DPoS) and Byzantine Fault Tolerance (BFT).

Furthermore, 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.

The Aim

Hetachain network aims to realize an independent framework designed for usage on a truly industrial scale. The ecosystem consists of smart contracts, Hetacoin, hot and cold Heta Wallets, Heta App Store, Blockchain feature-enablers and comprehensive solutions that enhance its applicability in smart banking, healthcare, e-commerce, trade, telecommunications, data management, investment, cash exchange, and remittance. It is an industrial grade next-generation blockchain platform created to power the industrial revolution and allow third-party decentralized applications to operate on any scale.

Hetachain is scalable enough to sustain active operation of thousands of industrial grade DApps at the same time, while the military-grade security of the Hetachain Platform ensures the stability of the network.

In addition, the Hetachain Platform is designed to support an exceptionally high TPS, which is crucial for the new generation commercial network.

Furthermore, Hetachain is a multichannel blockchain with a capacity of both public and private chains which is highly effective for business management and transaction management that is built for enterprise level computational needs thereby being efficient for commercial applications and economic events.

The Heta Protocol which is a multichain platform makes communication between private and main chain possible in the Heta blockchain system, the platform provide Bridge Protocol which is built towards helping private chains summit their data to main chain for validation. Private chain will need to pay an amount of HETA coins in order to issue transactions. This fee is directly proportional to volume of usage.

The Problems

However, the pace of adoption of blockchain-driven solutions to solve real-world problems and replace the existing systems has been slow. The primary reason can be attributed to the scalability issue that plagues bitcoin, ethereum and other blockchains. Both bitcoin and ethereum blockchains experienced network congestion issues towards the end of last year. Slow transactions and exorbitantly high fee threatened to defeat the very purpose for which the technology was invented.Even decentralised applications (DAPPS) built on the currently existing blockchains tend to be bogged with performance issues, not giving users the comfort and ease of use which they are accustomed to. There is a need for a blockchain that is designed to provide the benefits of technology, and that also is scalable enough to handle the massive traffic of existing systems. Unless resolved fast, these issues will continue to hamper adoption by the masses.

The Solution

Hetachain intends to resolve the above-stated issues and create a high-performance blockchain which is scalable, facilitates easy, smart contract creation and easy to use by end users. This is achieved by coming up with a hybrid consensus mechanism that is based on the Delegated Proof of Stake (DPoS) and Byzantine Fault Tolerance (BFT). The intention is to create a blockchain that is scalable, has shorter block time and high throughput. With the Hetachain algorithm, a block is produced every 1 second and validated by a single masternode in the network.

HetaCoin – The cryptocurrency that fuels Hetachain.

The native cryptocurrency that fuels and drives the Hetachain and enables blockchain as a service, HetaCoin has multiple use-cases.

Usage fee paid by users or enterprises who intend to use Hetachain as a service

Transaction fee to be paid in HetaCoins

Rewards to be distributed in HetaCoins

Hetachain aspires to resolve the issues that currently plague the current blockchains and solutions whether that is scalability, privacy, security or throughput. With its cutting-edge architecture and design, it has the potential to emerge as the leader that can bridge the gap between the technology and people, and change the emerging landscape.

The Functions of The Multichain Platform

Scalable

HetaChain has the capacity to process thousands of commercial-scale Dapps transactions in inter-block chain communications

Secure

HetaChain runs a safe and efficient consensus protocol using the DPoS and BFT hybrid consensus algorithms. In this way, HetaChain is guaranteed against various cyber attacks and other dangerous threats that have pushed decentralized data storage and sharing systems that are very important in the usual technological space.

Flexible

HetaChain flexibility is achieved through the ability to freeze and repair damaged applications with general role-based permissions

Fast

HetaChain’s unique technology allows fast transaction approval (TPS) without the risk of downtime. This was built to meet the high throughput needs which is one of the commercial attributes of a new generation network that overcomes the shortcomings of other blockchain.

The Features

Dapp Store with the Pre-built application, users can choose and run their DApp on the HETA Blockchain.

Digital Asset Storage

HETACHAIN can save large digital assets to ensure they cannot be stolen or hacked.

Consensus

HETACHAIN uses hybrids from DPoS + BFT consensus to maximize the performance of its Blockchain Network.

Automatically Generate Contracts

With this, less code is involved, thus helping developers easily generate their own contracts at HETA.

Use of user friendly fees

The possibility of a small application running for free on the network.

The Hetacoin – HETA – Token and ICO Details

Hetacoin is a Hetachain internal crypto currency that is used on the Mainchain network. Hetacoin is used as a tool to pay usage fees using the Heta Blockchain service.

When a user makes a transaction exchanging coins or tokens that have been made by Heta, then he must pay for the pre-defined mount Hetacoib. Also called transaction costs. This mandatory fee makes Hetacoin have real value for the system. This can also prevent traders from flooding the network with unlimited microtransactions.

When a user participates in a consensus process or validation from the Mainchain and Private Chain, then he must be rewarded with certain Hetacoin. This is also referred to as Giving awards to users. For the level of consensus appreciation, it must depend on how much effort is spent by the participants in carrying out the process.

Token Details

Token: HETA

PreICO Price: 1 HETA = 0.01336 USD

Price: 1 HETA = 0.0167 USD

Bonus: Available

Bounty: Available

MVP/Prototype: Available

Platform: Ethereum

Accepting: ETH, BTC, USDT

Soft cap: 100 000 000 USD

Hard cap: 520 000 000 USD

Country: Cayman Islands