TolarHashNET ICO review

About HashNet:

HashNET is a scalable, fast, secure, and fair decentralized- beyond 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. Network is using Proof-of-Stake with masternodes, which eliminates the need for a massive energy consumption.

Tolar HashNET consensus uses "redundancy reduced gossip" and "virtual voting" protocols based on a distributed computation and algorithms from theoretical computer science which provides a fair and fast, byzantine fault tolerant consensus algorithm. Tolar HashNET 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. HashNET uses Proof-of-Stake algorithm combined with masternode to reach distributed consensus. The process of receiving and recording occurs as soon as transaction takes place, which allows the final confirmation to be ready instantly.

HashNet Characteristics:

Scalability:

Scalability is the biggest problem in the blockchain technology space. Projects like Bitcoin and Ethereum are simply not capable of transferring a large number of blockchain transactions in a short timeframe. HashNET, on the other hand, 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 number of nodes, HashNET network will be able to process all transactions in a matter of seconds.

Fairness:

Why? Because no individual can manipulate the order of transactions. With HashNET, there is no way for the individual to affect the consensus order.

Speed:

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. HashNET uses Proof-of-Stake algorithm combined with masternodes to reach distributed consensus. The process of receiving and recording occurs as soon as transaction takes place, which allows the final confirmation to be ready instantly.

Security:

HashNET can’t be hacked due to the power of distributed algorithm, which is responsible for reaching consensus within the nodes. Also, combining Proof-of-Stake and masternode creates transparency, since the participants are compensated for correct voting.

Mobile compatible

HashNET can be run as full node even on smartphone

ICO and Token information Token name:

Tolar (TOL) Hard cap: 45,000 ETH

Soft cap: 20,000 ETH (already reached)

Total supply of TolarZ generated: 1,000,000,000

ICO date: September 15, 2018 - September 20, 2018
ICO price: 1 TOL = 0,000145055 ETH
PRICES IN ETH FOR PRESALE ARE:
• For contributions of more than 50 ETH price is 0,000120879 ETH per TOL (20% bonus included in price)
• For contributions between 10-49 ETH price is 0,000131868 ETH per TOL (10% bonus included in price)
• For contributions between 1-9 ETH – price is 0,000145055 ETH per TOL