Hello fellow Steemians!
A few days ago I came across a pretty interesting project, which I think is worth exploring. It does not come to me that there's been a big hype around, twelve people on the twitter, telegram 5000, and not particularly active. So what is it?
Source
Problem solving
I have often found it as a "Chinese EOS" comparison. The HPB wants to address one of the blocchain's main problems, which prevents the biggest players from adopting it - a low number of transactions per second and high fees. And how are they going to solve it? Being the first on the crypto market (correct me if it's not true) comes with Blockchain offload engine, combining software, firmware, and custom hardware. They have their own acceleration chip, which will significantly increase the number of transactions per second (targeting 1 000 000tps +). Recently, a testnet was run, which even managed 30,000tps without added hardware. Running the mainnet is scheduled for Q2.
If I understand White Paper well, it will be a hybrid proof of stake and delegated proof of work, where the masters will be those who get their hardware acceleration chip and some (not yet specified) quantity of tokens. It's a little bumpy with centralization, but from the point of view of speculation about the price increase, I think it's not that important. In one Q & A, their CEO responded to this question that it was an open source public blockchain. In order to participate in it, anyone and the hardware chips will be sold at a price close to the production, so that it can get as many people as possible and the project is more decentralized.
Their main target group is the largest companies that process a hefty amount of data and require a large amount of TPS (wp mentions alibab, biadu or tencent, financial industry, IOT, healthcare, supply chain or gaming industry).
And now the most interesting ...
Two big partnerships
The first partner and at the same time one of the angel investors is NEO (although it is currently an ERC20 token, because during ICO, NEO did not have its ICOs). As soon as the mainnet works, it goes to its own coins.
HPB claims to have a partnership with UnionPay, which is basically Chinese VISA or MasterCard. UnionPay processes about 80% of all transactions in China (a total of about $ 12.5 trillion a year!). I have found no affiliation confirmation from anywhere on the side of UnionPay, but they have not even underestimated (at least not in AJ) anywhere. I would dare to say that a company of such caliber would officially rebut the information if it were not true. Assuming this is true, HPB will not have the trouble to build further strong partnerships.
Interestingly, CEO of HPB is co-founder of UnionPay Smart and one of the advisors is at UnionPay Smart executive president.
Plans and future
HPB, according to the telegram, is focusing mainly on product and marketing aside, but someone in the telegram said they were looking for new people in the team, including English-speaking marketers. The screen post was Chinese and somebody just threw a translation, so I can not tell if that's true, but it would make sense if they want to run a mainnet in this quarter. Q3 of this year is scheduled to launch the product or service they work with UnionPay. The final fully functional HPB version is then scheduled for 2019.
A couple of numbers at the end
Total supply - 100,000,000HPB
Circulating supply - 29,700,000HPB
Marketcap - $ 105,859,289
HPB - 3.52USD
Summary
The HPB looks like a very ambitious project, and if the non-optimized testnet without hardware chip integration has mastered 30,000tps, this number can be greatly increased with full optimization + chip integration. The drawback is that relatively small amounts of information can be traced in AJ, most of them Chinese. Even the WP is about 10 pages longer in Chinese (but maybe it just takes more space in China, I do not know). However, it seems that they are beginning to focus more on the Western world and marketing. If we compare the HPB market cap and EOS main competitor, there is a tremendous room for growth.
So check it out and I'll be happy for any ideas, thoughts or additional information.
Odkazy
http://www.gxn.io/
https://www.reddit.com/r/HPB_Global/
https://github.com/hpb-project
