The blockchain is hugely important for the business. The technology is continuously evolving and the next decade is going to be the decade of technology. The normal financial transaction practices will incept to diminish. The digital currency such as Bitcoin and Blockchain will take the front seat. From distance, it seems that Blockchain is complex technology; however, the idea is immensely simple. All transactions are recorded in a digital ledger which is being shared among the participants.
Global transactions are recorded on these ledgers and the shared database is shared among thousand devices. Blockchain does not only store monetary value, but it can be used to store anything be it music, title, intellectual properties, and even votes. All these properties can be secured through Blockchain. The system that maintains the blockchain will be able to detect and reject the attempted modification, and this is what makes the blockchain tamper-proof. The use of public key cryptography ensures that each participant in the system is uniquely identified and can validate any change to the blockchain using a cryptographically secure private key. While public key cryptography is not unique to the blockchain, it is one of the essential underlying technologies which ensure that blockchains are secure and that only authorized participants can make changes to a blockchain.
WHAT IS HETACHAIN ALL ABOUT?
HetaChain will build the most complex and powerful infrastructure for distributed applications that will facilitate the real business based on blockchain technology and build the blockchain network 3.0.
Relam Investment, based in Dubai, has announced investments utilizing the hetachain Network Blockchain 3.0 technology. This hetachain project helps public services, businesses, and build banking dapps (distributed applications), robotics, Internet of Things, e-commerce, healthcare, and many others. Heta.org September 2018, The next generation of blockchain technology, the blockchain 3.0 technology, has opened.
Heta - Protocol Multizept Platform
In order to communicate between the personal chain and the main system in the Heta blockchain system, a Bride protocol has been provided which helps the personal chain to collect your data in the main chain for verification. Each personal network must pay the fee for using Hetacoin. Personal networks can make payments with multiple Heta coins to control transactions. The price can be adjusted depending on the big usage.
Hetachain invests in businesses and people who create service products that will be at the forefront of the generation of transformation technologies around the world
Like Education-hetachain leverages the experience and knowledge in blockchain technology through direct work with portfolio companies to reach your full potential.
A partnership is a strategic relationship developed by Hetachain with business leaders around the world to give start-ups in all markets the opportunity to work directly with local investors.
Benefits of hetachain 3.0 Blockchain Network
Flexible- Performs the freezing and restoring of bribery applications with generalized permissions based on roles.
Usable is a blockchain 3.0 platform that has very high and measurable performance and uses ecosystems that make blockchain networks more valuable and useful.
Scalability-already supports thousands of dapps (distributed applications) with a commercial interblock-scale connection that shares authentication and execution.
Optimization is a 3.0 blockchain platform that has a very high measurement performance and use of ecosystems that make blockchain networks more valuable and useful.
Challenges in Adoption
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 decentralized 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.
Hetachain: 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 master node in the network.
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For more information, please visit :
WEBSITE : https://www.heta.org
ANN Thread: https://bitcointalk.org/index.php?topic=5043007
MEDIUM : https://medium.com/@hetachain_blog
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STEEMIT : https://steemit.com/@hetachain
BOUNTY : https://bitcointalk.org/index.php?topic=5032045.0
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ETHERUM ADDRESS: 0xc619E93DD1039C5EC66A052ede79fD00c8Ef5D1d