Project and purpose
New HashNET blockchain and Crypto-currency Tolar from the Balkans
Problems of blockchain: Here everything is typical: small speed, unscalability, inapplicability
The goal of the project: Tolar aims to create an open source crypto currency and fast scalable transactions.
White Paper analysis: Whaitpeper is native to 88%, there are borrowings from academic literature
Team
Josip Maritsevich - Co-Founder and Technical Director
He studied blockchain and consensus algorithms for two years; is a strategic developer of the blockchain protocol ; Has more than 6 years of experience and is an expert in the development of IOS; has 6 months of experience working out the blockchain .
Drazen Solaric - President and Founder
President Blockchain Adria , the most famous conference and association of blockchain in South-Eastern Europe, a member of the Alliance Enterprise Ethereum . He is the president of the COTRUGLI Foundation , which conducts major humanitarian projects; Dracen is also the head of the business school COTRUGLI . He helped develop the world's first Blockchain MBA program and certified the Blockchain Developer program .
Zoran Dordević
One of the pioneers in the implementation of blockchain technology in the MBA program , contributed to the creation of the blockchain academy; She has 13 years of experience as a director and six-year-old as a manager in COTRUGLI Business .
Dr. Terence
Assistant Professor of Finance at the London campus ESCP Europe . He is a co-founder of Nexus FrontierTech - a company associated with artificial intelligence
Sasa Pekich
No publicly available information
Alan Kureshevich
Vice President, Engineer of SES - the world's leading satellite communications operator.
Jeffrey Treychel
Business leader with more than 12 years of experience in developing and launching business models and branding strategies.
Marco Kucic
15 years of experience in business development.
Mario Voevoda
General Manager with high technical knowledge in the field of information technology and telecommunications, corporate finance with more than 15 years of experience in the telecommunications industry.
Martin Žagar
He won the EMBA title at the business school Cotrugli, a candidate of computer science from UNIZG in February 2016.
Shrdan Maksimovich
No publicly available information
Christian Rebernisak
Co-founder RunningBeta , the company that runs applications on Ethereum.
Vedran Novoselak
Has two years of experience working with security platforms that run on Java and C ++ - in a powerful multi-platform environment.
Vinko Bradwicka
Has experience in system design, product design, project and technical management and three years of software development for applications.
Igor Djerkovic
Has experience in working with equipment and experience working with IO; has six years of experience in Facebook as an IO engineer in the video team.
Sandi Fatic
He has less than 0.5 years of experience consulting, 1 year - Chief Technical Officer.
Bojan Hadjiseidik is Director of Business Development.
Ned Zaika is the director of marketing.
Antonio Lupieri is an SEO developer.
Liliana Babich is a manager.
Gordana Spisic is a manager.
Ako Momchilovich - HR.
Isidora Vazić is a community manager.
Dorian Palik - design.
And again a team of scientists, though not from Asia and not in glasses.
Advisers:
Manuel A. Alonso Koto
Has 40 years of experience in marketing.
Valerio Opacic
Advises on security and the creation of corporate systems
Peter Merck
Advisor on legislation for ICO projects.
Product and MVP
MVP - On June 28 there was a live demonstration of the prototype, during which more than 130,000 TPS were achieved on several nodes. You can see the demonstration and read all about it here. By the way, pitane recently showed only about 30 thousand.
The launch of mainnet is scheduled for Q2 2019
First, the tests will be run in the development network, where several dozen masternodes and nodes sending random transactions will be installed. Results of developer testing will be periodically published in Medium and other channels. Developers plan to share their repository, so any developer will be able to replicate the test installation. In addition, as the interface is being developed, it is planned to launch testnet HashNET , where any layman and even his grandmother will be able to try everything they want.
What is HashNET ?
HashNET serves to overcome the problems associated with the computational and interoperability of storing distributed registers with a large amount of data. The main highlight of HashNET was the asynchronous consensus protocol, built on the basis of the structure of the direct distribution network . Each node has a HashNET replica, an information structure that stores a record of who sent the event, to whom, and in what order. These events are propagated using gossip protocols between HashNET members, and the validity of events is determined by voting. Redundancy Reduced Gossip (Gossip protocol with reduced redundancy) and "virtual voting" based on distributed computations and algorithms of theoretical informatics that provide a fair and rapid Byzantine algorithm with a fault-tolerant consensus.
In conventional blockchain systems, a consensus must occur after the data has been processed. In this system, consensus occurs during data processing.
How exactly is this implemented?
As soon as a transaction occurs, the nodes almost instantly terminate the processing through the peer-to-peer network p2p, rather than consensus, in the traditional sense. When the required number of nodes accepts the transaction in their pool, they all agree, all nodes like this transaction and they can continue working.
HashNET uses the mechanism of proof of efficiency with the help of master-processes: it can save a large amount of energy. Tolar HashNET does not require the miners to create chains of blocks for recording transactions. This process of creating a chain of blocks is very slow, and it consumes a large amount of electricity. Tolar HashNET uses the Proof-of-Stake and masternode algorithm to achieve distributed consensus. The process of receiving and recording occurs as soon as a transaction occurs, which allows the final confirmation to be ready instantly.
After creating HashNET, the virtual machine application Ethereum (EVM) will be created. EVM is a virtual machine designed specifically to run unreliable code on a computer network. Each transaction is executed in a system that modifies the state stored in the hash tree . This data structure makes it easy to test if this transaction is actually registered in a virtual machine and can minimize the entire state to one hash (merkle root). After the creation of EVM, intellectual contracts and dapps will be built.
What's the difference between hashnet and hashgraph?
The main difference is that HashNET is a public registry with proof of ownership, which does not have a fixed number of master codes and which, in fact, is decentralized. In addition, there is a voting system in which the wizards can participate in the future of the roster. The way in which nodes reach consensus is different because of the arbitrary number of master classes. Anyone who has a sufficient number of shares and technical requirements can be masterful. Hedera Hashgraph has a board of 39 pre-selected large companies that make decisions about future facilities and network. In the Tolar network, any member of the community that runs the master can offer tenders and vote for them. In order for Hashgraph to work, it will need to know in advance the number of nodes in the network, therefore it was originally intended only for authorized networks. Tolar should not know in advance the number of nodes on the network, on the contrary, you can join or leave the process at any time. Tolar will be open source, in which you can see exactly what is happening, while Hashgraph with closed source.
Tokenometric
Ticker: TOL
Type of the token: ERC20
Price: 1 TOL = 0.0588 USD (0.00014505 ETH)
The goal of raising funds is US $ 18,200,000 (45,000 ETH)
Total tokens: 1,000,000,000
Available for sale: token: 35%
White list: YES
Know your customer (KYC): YES
Accepts: ETH, BTC, FIAT
Token type: Utility tokens
Economic model of the token - Deflationary
Burning / Freezing:
The token will be locked for the team for 24 months after the ICO.
The private sale bonus will be locked for 3 months after the pre-sale preparation.
Roadmap
The project is located in the sandbox of ICO Drops and in the top 3 of Ian Balina with a rating of 79.56% (however, he skipped it), OhHeyMatty was doing his review
pros
HashNet is a blockchain , which in many ways surpasses previous concepts. In particular, due to its extremely fast processing power and very low power consumption, as well as the fact that it can work as a node on the phone
A team of 24 people has extensive experience in research, setting up companies in the field of technology, economics, and marketing. All this will contribute to the development of the project.
Organizational structure, clear road map.
The possibility of launching on a mobile phone means that the project is widely applicable in the real sector.
Good management and community support.
Minuses
There is no specific product.
It is not known how strong the technical side of the team, although it is a little
Many pools on private equity
Conclusion
A large percentage of tokens have already been sold at privatesale, where there were many pools, which is not very good. There is a prototype, which is already overclocked to 130 TPS, as well as two well-known team members. The best thing about the project is an idea, they are developing an infrastructure project that competes with other blockchain . They openly compete with Hedera Hashgraph, and, in my opinion, can get around them.
Web : https://www.tolar.io/?utm_source=icodrops
Twitter : https://twitter.com/TolarHashNET
Medium : https://medium.com/@TolarHashNET
Telegram : https://twitter.com/TolarHashNET
Facebook : https://www.facebook.com/TolarHashNET/
Whitepaper: https://tolar.io/wp-content/uploads/2018/06/HashNET_whitepaper_v03.pdf
My Bounty0x username is chuksprix
