Overview:
Blockchain technology provided many advantages in the digital world like transparency, immutability and many others. However, there are lot of problems which have been reported in this blockchain technology such as enormous requirement of computational power, processing a transaction takes a very long time etc. Tolar HashNET is solving the existing problems of current blockchain technology without altering its benefits. HashNET is a distributed ledger technology which is fast, secure and decentralized. This network increases the transaction speed up-to 2,00,000 transactions per second without compromising on positive characteristics of the blockchain technology.
HashNET:
HashNET will be governed by Tolar cryptocurrency. HashNET aims to solve all the problems of blockchain technology by using "redundancy reduced gossip" and "virtual voting" protocols. These protocols will solve the scalability issue faced by existing blockchain technology. HashNET does not need much computing resources which makes it environment friendly and cost efficient.
HashNET is much faster than the current blockchain as it does not require mining. HashNET uses Proof-of-Stake algorithm combined with masternodes to reach distributed consensus. By eliminating the mining process, it makes the system faster and also prevents the usage of large amount of energy which is required for mining.
The distributed algorithm gives more security and thus prevents hacking. On the other hand, users get transparency with the help of Proof-of-Stake and masternodes.
Reputation Based System:
The reputation system brings in more security to the system. The nodes built up positive reputation as they transfer correct information every time. The nodes who have a negative reputation are automatically banned from the network for certain period of time.
Team:
Josip Maricevic - CTO
Josip is the Founder and CTO of Tolar. He has been researching blockchain and related consensus algorithms, atomic cross-chain swaps and of- chain settlement protocols for the past 2 years. Also, Josip worked on development of a few significant blockchain products.
Drazen Kapusta – Founder/ Principal
Drazen Kapusta is the Founder and Principal of Tolar. He’s an entrepreneur with 30 years of business experience. Drazen also serves as Principal of COTRUGLI Business School, the leading business school in SE Europe where he has successfully helped develop the world’s first Blockchain MBA program and Certified Blockchain Developers Program.
Zoran Dordevic – Board Member
He has more than 15 years of experience in education and consulting as well as passion for blockchain technology and its educational and business implementation. Zoran is one of the pioneers in introducing blockchain technology into regular MBA curriculums that set the foundations of the world’s first Blockchain MBA program at COTRUGLI Business School.
Token Matrix:
Token – TOL
Total Supply – 1 Billion TOL
Price – 0.000145055 ETH
Soft Cap – 20000ETH
Hard Cap – 45000ETH
Pre-Sale – Live till 31st August 2018
Crowd Sale – 15th to 20th September 2018
Verdict:
Pros:
• The project has good hype on its telegram group where it has 14,000+ members.
• The team behind the project has experience in fields such as blockchain, cryptocurrency, finance, statistics, IT, Computer Science etc. The members have previously worked in companies like Google, PaperKarma, Facebook, Microdoft etc.
• There are 13 advisors for this project having different backgrounds such as digital marketing, blockchain, finance, ICO, IT etc. The advisors previously worked for MC Donalds’ Corporation, Cardstack, HybridBlock, Ink Protocol, CoinFi etc.
• The MVP of this project is available on their website.
• The partners and investors of this project include BlockGround Capital, POD Capital, Crypt Calliber, Bittraffic, Diddy Carter, and many more.
Cons:
• The whitepaper of this project is written in technical language which is difficult to understand.
Website: https://www.tolar.io/
Whitepaper: https://www.tolar.io/wp-content/uploads/2018/07/Tolar-whitepaper-1.pdf
Telegram: https://t.me/TolarHashNET
Twitter: https://twitter.com/TolarHashNET
Bounty0x name: rashmishetty
Bitcointalk Username: rshetty3344
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1907004
ETH address: 0x137F3CC2750C9b9bF639Cd4Bf8CB63c56823aC3c