1/ Introduction
Tolar has developed the HashNET which is a scalable, fast, secure, and fair decentralized blockchain project, leveraging Distributed Ledger Technology (DLT) and consensus algorithm which keeps all positive characteristics of a blockchain technology while increasing throughput to more than 200,000 transactions per second. The network uses the Proof-of-Stake with masternodes, which eliminates the need for a massive energy consumption.
Tolar has a governance system called Magnus Consilium in which stakeholders and investors will have the power of voting on proposals in order to participate in improvements of HashNET network.
#TolarHashNET - scalable: HashNET was built to support over 200,000 transactions per second, compared to Bitcoin, which can only manage 7 transactions per second. Also, even with a large increase in the number of nodes, HashNET network will be able to process all transactions in a matter of seconds.
#TolarHashNET- fast, because it doesn’t require miners to create a chain of blocks in order to record transactions. This process of creating a chain of blocks is very slow and it consumes a large amount of electricity. The HashNET uses Proof-of-Stake algorithm combined with masternode to reach distributed consensus.
#TolarHashNET - secure. HashNET cannot be hacked due to the power of the distributed algorithm, which is responsible for reaching consensus within the nodes.
2/ Advantages
3/ Weakness
#TolarHashNET
https://www.tolar.io/
https://tolar.io/wp-content/uploads/2018/06/HashNET_whitepaper_v03.pdf
Bounty0x username: paulvu09
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