Blockchain technology is considered to be the fifth most likely technology which will lead to disruptive innovation and revolution in efficiency, productivity and production relations, following the steam engine, power, information technology and Internet.
Since the birth of Blockchain technology represented by Bitcoin in 2009, this technology has made great progress and received more and more attention.
As mentioned earlier , blockchain technology has and continues to revolutionise various sectors With a list of inefficiencies in the market, Blockchain is expected to grow and conduct further improvements. There are countless advantages in the way that
Blockchain is anticipated to have an influence and make positive impact.
Blockchain technology has become global phenomenon and a disruptive technology affecting not just the financial system but also influencing the security? Health, food, Artificial intelligence and Robotics sectors and its importance can not be overlooked.
The goal of blockchain is to create an influence that Will necessitate its wide adoption and transition to become mainstream. But just like any other technology, blockchain is faced with its difficulties and challenges.
Scalability
As good as it may sound that many people are now coming to the realization of the potency of blockchain technology and are coming to be users, it comes with a price. As many people comes into the fold so is the number og transactions growing amd the more the number of transactions the mote congested the blockchain network gets and the more transaction validation are being delayed. Bitcoin and etherum whoch is the most widely used cryptocurrency gets too congested most times if the number of transactions are much and users have to wait for a very long time before their transaction goes through. With the blockchain adoption will be delayed for a long time if a solution is not devised.
Security
One of the most notable features of blockchain technology is that it is secured, thanks to the awesome proof of work (POW) feature of the framework. But still yet there are some vulnerabilities that some hackers use to swindled users funds which is not a good report for a technology which is seeking for mainstream adoption. Most hackersteands to explore the vulnerability in centralized exchange. This issue need to be tackled as fast as possible.
Latency
Especailly in bitcoin the latency between the nodes are very high. Every user will love to see multiple transaction per second so as to aid their transaction since the aim of cryptocurrency is to be used as a perfect replacement for traditional fiat currencies which means it needs to mote efficient than the traditional fiat. No one wants to go and purchasea cup of coffee from a coffee shop and wait for the whole day for their transaction to be execute since they using crypto as a means of payment. For blockchain technology to attain that wide adoption the latency period needa to be reduced to the lowest minimum.
We have seen all these challenges that face blockchain for it to gain a widespread adoption there is an urgent need to adress these issues, this is why tolar project has developed a token that will help improve the state and efficiency of blockchain.
ABOUT TOLAR
Tolar is a open source project developed by HashNet built after Hashgraph model with the aim to solve some of these blockchain problems. Tolar will provide adequate solution to problems of existing platforms that often results from large amounts of messages between nodes in the system, causing waste of resources and solving performance problems. Which has dented the quality of service been delivered which is not good of blockchain mass market adoption quest.
Tolar HashNet takes care of these issues by Utilizing HashNet which is a variation of the Redundancy that diminishes the quantity of superfluous messages in the framework significantly then build up the consensus framework on the nodes to give incentives arrangements that wipe out terrible nodes that imperil the protocol and Oversee nodes with the hubs Reputation Based System to counteract terrible conduct. It will also execute various voting and decision components to choose a gathering of abnormal state nodes to shield agreement and shield the framework from awful nodes.
A majority of nodes have the privilege to assess and vote on the designations of any node, and any node has the privilege to select surveys for any given subject.
After achieving the coveted throughput, Tolar HashNet will be coordinated with Ethereum Virtual Machine (a smart contract). Which is Built up by another calculation for Quantum obstruction on HashNet.
TOKEN DETAILS
Total Supply: 1,000,000,000 Tolar Token
Platform: Ethereum
Accept: ETH, NEO
Hardcap: ~ 35,000,000 USD
ICO Price:
1 Tolar token = 0.11 USD
TEAM INFORMATION
CONCLUSION
Many projects which are being developed these days are devloped principally towards generating profit only, it takes a sincere team with foresight to actually see beyond the early profit a project can yield and try to improve the state of the efficacy of cryptocurrency and blockchain technology and this is exactly what tolar HashNet project is embarking on.
We hope to see that they acheive their goal and cryptocurrency gets a widespread adoption
For more information visit:
Website: https://www.tolar.io/
Whitepaper: https://www.tolar.io/documents/
Telegram: https://t.me/TolarHashNET
Twitter: https://twitter.com/TolarHashNET
Facebook: https://www.facebook.com/TolarHashNET/
YouTube: https://www.youtube.com/channel/UCL8ksEpe6um71pcdPi6wpXQ
Follow on LinkedIn: https://www.linkedin.com/company/tolar-io/
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