Hello guys!!! Have you heard about an open source, community governed crypto-currency featuring scalable, fast, secure, and fair transactions?now let me introduce to you Tolar platform.
INTRODUCTION
Applications that can be built using blockchain technology have broadened and so technical limitations have become clear. Specifically the block size limit, which means the maximum throughput a blockchain can cope with is around 7 to 20 transactions per second for Bitcoin and ETH respectively. If you compare that to Visa, which is 2,000 transactions per second, blockchain is clearly not ready for mainstream applications.
Tolar is an efficient and effective alternative to current existing blockchain projects.
HashNET provides novel solution to computational and communicational difficulties of maintaining large-size public distributed ledgers.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.
One of main goal of designing hashnet was a significant reduction of computational and communication resources needed to operate and maintain the system.they also build design a varian of a Redundancy Reduced Gossip (RRG) protocol for information transfer on appropriately designed networt ,and this achieved a considearable lower tragic load than push pull gossip protocol.
Furthermore,every node has a sufficient information on the entire hashnet structures,information about events and there propagation through networks are included,these information are used to compute content of the vast majority of messages required by our RRG protocol,thereby eliminating the need for sending them and, consequently,significantly reducing communication requirements.
They also where able to guarantee improvements in the global data storage size,we also utilize concepts such as Confidential Transactions and "One-Way Aggregate Signatures"(OWAS),which are shown to provide private exchanges and better adaptability.
FEATURES;
• Governance system:
It has governance system called Magnus Consilium, it conducts the voting for the investors and stake holders to participate the Hash Network. It will be part in the community in tenders and POS (Proof of stake). It accepts the tenders based on criteria like social impact, Decentralisation and governance, Outreach, Contribution and Extensiveness
• Token economy:
Tolar issues Ethereum based utility token called “TOL” which can be used in the internal ecosystem of the platform for the services availed in the platform and reward distribution.
TOKEN DETAILS
Token symbol: TOL
Total supply of tokens: 1,000,000,000
Softcap: 20,000ETH (Reached)
Hardcap: 45,000ETH
Pre-Sale is live Now
Crowd Sale: 15th Sep to 20th Sep 2018
Total Supply: 1,000,000,000 TOL
Hard cap: 35 million USD
Soft cap: 10 million USD
Tokens for sale: 35%
ICO phases:
Private sale (unknown date),
Pre-sale (ongoing until 31 Aug 2018), and
Main Sale (unknown date).
Alloc %:
Private sale: 21%
Pre-sale: 5.25%
Main Sale: 8.75%
Lockup
Main Tokens: no lock
Bonus Tokens: 3 months
Team Tokens: 24 months
Token Allocation:
→ Contributors: 35%
→ Founders: 20%
→ TOLAR Development Fund: 32%
→ Proof of Stake Network Start Nodes: 8%
→ Developers: 2.5%
→ Advisors: 2.5%
Roadmap
Q2 2017
TOLAR project founded and funding received
Executive group established
Q3 2017
Blockchain Conference
Rovinj Initial network development
First cryptocurrency experiments conducted
Q1 2018
Launch of the Blockchain academy.
Recruiting process of key team members has started.
Core Tolar team created with 30 members.
Website published.
Tolar will introduce project publicly
Q2 2018
Initial version of HashNET whitepaper
Launch of initial mainnet chain with masternodes and staking system.
Start of the private sale phase and social media presence.
Q3 2018
Finalized version of HashNET whitepaper
Developers demonstration of HashNET Pre-ICO
ICO Exchange listing
Q4 2018
Chain explorer
Mobile wallets
Q2 2019
Public release of HashNET chain
Switch mainnet to HashNET protocol
Future development
Smart contracts
Quantum resistant cryptography
For more information on Tolar please visit there
website:https://www.tolar.io/
Whitepaper:https://tolar.io/wp-content/uploads/2018/06/HashNET_whitepaper_v03.pdf
Username: Sandycee