HETACHAIN — ICO REVIEW

HETACHAIN — ICO REVIEW | Ecency

Blockchain was invented by Satoshi Nakamoto in 2008 to serve as the public transaction ledger of the cryptocurrency bitcoin. The invention of the blockchain for bitcoin made it the first digital currency to solve the double-spending problem without the need of a trusted authority or central server. The bitcoin design has inspired other applications etc.

Blockchain technology is indeed innovative innovation in how data is created, shared and edited. But even so, blockchain technology is currently facing a critical problem about its performance. For this reason, Hetachain proposes to create the latest Blockchain network architecture that will be used very easily, more flexibly for users and developers using a very high performance blockchain platform.

Cryptographic algorithm

Uses ECDSA (Digital Elliptic Motion Sign Algorithm) with secp256k1 curves for public-private cryptography. Private key is 256 bit random data.

The HETA address associated with this private key is the last 160 bits of SHA3–256 (Keccak) hash from the public key

The advantages of the Hetachain Network Blockchain 3.0

Flexible

Freeze and improve applications for bribery with permission based on Public Roles.

Usable

The Blockchain 3.0 platform has very high performance and is measured and uses an ecosystem that makes blockchain networks more valuable and useful.

Scalable

Already supports thousands of Dapps (Decentralized Applications) with commercial inter-blockchain communication Communication Separates Authentication and Execution.

Optimized

the Blockchain 3.0 platform that has very high performance and is measured and uses an ecosystem that makes the blockchain network more valuable and useful.

Hetacoin is the Hetachain internal crypto currency used on the Mainchain network. Hetacoin is used as a tool to pay usage fees using the Heta Blockchain service.

When a user makes a transaction exchanging coins or tokens that have been made by Heta, he must pay for mount Hetacoib previously determined. Also called transaction costs. This mandatory fee makes Hetacoin have real value for the system. This can also prevent traders from flooding networks with unlimited micro transactions.

When a user participates in a consensus process or validation of the Main Chain and Personal Chain, he must be rewarded with certain Hetacoin. This is also referred to as Giving appreciation to users. For the level of consensus appreciation, it must depend on how much effort is spent by the participants in carrying out the process.

TOKEN DETAIL

HETA is the native token of the HetaChain Main Network. All network usage fees are paid in HETA. To Transaction fees on Hetachain are paid when sending HETA, when sidechain data needs to be validated by the main network, or when smart contracts need to be called on the main network.