HetaChain is a multiple channel chain that consists of the capacity of both the private and public chains meant for effective and a management system transaction that is established solely for computational demands for industry-level in order to allow efficient processing - Facilitated by commercial applications as well as economic activities.
WHAT IS HETACHAIN ?
Blockchain technology which is currently an innovation in how data is created, distributed and edited. But apart from that, blockchain technology is currently facing critical problems about its current performance. With that reason, Hetachain will give a proposal to make the latest Blockchain network architecture that will be used very easily, more flexibly and actual for users and developers using the blockchain platform that has very high performance.
Relam Investments is based in Dubai and has announced investments using the HetaChain Network Blockchain 3.0 network technology.
This Hetchain project will help businesses, government services and build Organization Dapps (Decentralized Applications) IoT, robotics, banking, E-Commerce, health and more. Heta.org was launched on September 12, 2018 yesterday, which opened the latest generation Blockchain technology in Blockchain 3.0 technology.
Hetachain is a foundation layer where the functional components of modern smart industry are built on intelligent, economic, human, government, environmental and living connections. These components are the result of the basic features built, or fundamental to be seen in the community where :
- Smart and comprehensive connectivity enables endless connections of all IoT electronics in the industrial world, enabling intelligent control of industrial resources, allocating to fewer areas and limiting rich areas.
- The electronic management layout is another functional component of an industry that requires industrial management and operations. Hetachain allows the establishment of digital identities that enable an electoral system that is not elected and does not take sides in the industry through electronic selection.
Here Hetachain through an intelligent contract automates the creation of digital voter registration where it will eliminate the ability to choose a lot by one individual and manipulate a voting process to ensure true democracy. This numerical identity also reduces crime rates which are increasingly cruel and ensures a safe and secure industrial environment. - Hetachain also through homemade contracts on its platform offers excellent new business prospects and allows businesses to expand to a much higher level but is inconceivable by providing data. Proven and can be verified to grow and grow your business. It also allows the efficient exchange of economic values through the coding of commodities and your business assets.
- Privacy and trust are one of the values of the HETACHAIN block which is very important for real character. By providing private and public chains, HETACHAIN takes a position to protect the privacy of individual transactions while proving publicly on public records from the public chain, facilitating business and social interaction.
- By providing a smart, super fast and low cost framework for many applications both personal and industrial applications, HETACHAIN is positioned as a cement that will be built by modern smart cities.
- Smart subscription of residents, jobs, property, business, medical records, research and development, etc. Can be accessed, shared and easily edited, allowing intelligent interaction between components or industrial elements.
- Using a decentralized and non-centralized ledger, HETACHAIN will be able to solve original problems by ensuring that supply chain management is monitored very closely to eliminate waste while protecting intellectual property rights.
About HETA :
Hetacoin in the internal Hetachain cipher currency used in the mainchain network. Hetacoin is used as a tool to pay for the use of the Heta Blockchain service. When a user makes a coin or card transaction that has been made by Heta, then he must pay the exact Hetacoib coin. Also referred to as transaction costs. This mandatory cost makes Hetacoin very valuable for the system. This can also prevent traders from flooding the network with unlimited micro transactions. When a user participates in a consensus process or a main chain and personal chain, you will be rewarded with certain Hetacoin. This is also referred to as giving users. The Konsensu Award for levels depends on the level of effort of the participants in the process.
Cryptographic Algorithm Using ECDSA (Digital Elliptic Motion Sign Algorithm) with a secp256k1 curve for public-private cryptography. 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) hash of the public key.
Challenges in Adoption
The adoption speed of blockchain-driven solutions to solve real-world problems and replace existing systems has been slow. The main reason can be associated with scalability problems that disrupt bitcoin, ethereum and other blockchain. Both the bitcoin and ethereum blockchain experienced network congestion problems towards the end of last year. Slow transactions and very high high costs threaten to defeat the purpose from which technology was created. Even decentralized applications (DAPPS) built on the existing blockchain tend to get stuck with performance problems, not giving users the convenience and ease of use that they are accustomed to. There is a need for blockchain designed to provide technological benefits, and it is also quite scalable to handle massive traffic from existing systems.
INVESTMENT AND DEVELOPMENT OF FUTURE BLOCKCHAIN TECHNOLOGY
The Hetachain project has committed to investing funds that will be focused on the growth and development of Hetachain blockchain 3.0 which is a future technology.
- GLOBAL REACH
Hitachi invests in companies and people who create product services that will be at the forefront of the generation of transformative technology around the world - AS EDUCATION
Hetachain uses expertise and experience in technology with blockchain doing direct work with portfolios to help companies reach their full potential. - PARTNERSHIP
The strategic relationship that has been developed by Hetachain business leaders around the world, to ensure founders in all markets have the ability to work directly with local investors.
SOLUSI HETACHAIN
Hetachain intends to solve the above-mentioned problems and create a scalable, high-performance blockchain, facilitating easy and smart contracting and easy to use by end users. This was achieved by coming up with a hybrid consensus mechanism based on Delegated Proof of Stake (DPoS) and Byzantine Error Tolerance (BFT). The goal is to create a blockchain that can be scaled, has shorter block times and high throughput. With the Hetachain algorithm, a block is generated every 1 second and validated by one masternode in the network.
Hetachain has a purpose to solve problems that currently disrupt the current blocking and the solution whether it is scalability, privacy, security or throughput. With its latest architecture and design, it has the potential to emerge as a leader who can bridge the gap between technology and people, and change the landscape that emerges.
When a user participates in a consensus process or validation of the Main Chain and Personal Chain, then he must be rewarded with certain Hetacoin. This is also referred to as Giving appreciation to users. For the level of appreciation of consensus, it must depend on how much effort is spent by the participants in carrying out the process.
Find more about HetaChain through official channels :
Website : https://www.heta.org
Medium : https://medium.com/@hetachain_blog
Reddit : https://www.reddit.com/user/hetachain
Facebook : https://www.facebook.com/hetachain
Twitter : https://twitter.com/hetachain
Linkedin : https://www.linkedin.com/company/hetachain-network/
Author : Mari Graschini
My bitcointalk : https://bitcointalk.org/index.php?action=profile;u=2315185