HetaChain – A Blockchain Platform for the Smart Economy

Introduction :

It is popularly known that the Blockchain ecosystem has gained so much popularity over recent years. As we all know Blockchain is gaining Globally attention, most businesses, organization, and the governments want to integrate this new Trending Technology into their system in other to ensure efficiency and transparency in their various system. Ideas don't come fully formed, technology is known to have emanated from Ideas and it keeps growing, it never stands still. In this article, I will like to enlighten the readers about HetaChain blockchain platform which is designed primarily for a high-performance blocker 3.0 that allows you to deploy decentralized applications without censorship, fraud, downtime, or third-party costs. HetaCoin is an internal cryptocurrency for use in MainChain. HetaCoin is used by companies or users who use the Heta Blockchain Service to pay for a use fee.

There are several ways offered to use HetaCoin.

When a user make a transaction for exchanging coins or tokens made by Het, he must pay for the predefined HetaCoin Mountain, this is also called Transaction Fee, this mandatory fee makes HetaCoin a real cost based. When a user participates in a consensus process or validation from PrivateChain or MainChain, he should be rewarded with HetaCoin . This is also called a reward. The level of consensus award should depend on how much effort the participants spend on this process.

HETACHAIN aims primarily to create an unrivaled Smart Economy, thereby bringing the market to those applications that are created for enterprises, institutions, as well as government bodies, such as:

(i) Tax Management

(ii) System Profile Management System, Demographic Indicators

(iii) Medical Records Management System

(iv) Business Management

(v) Program Customer Management Program.

The program, developed by HETACHAIN, will help administrators, states, companies, enterprises to manage human resources, saving time and expenses on managerial work.

The HetaChain ecosystem

The ecosystem consists of smart contracts, Hetacoin, hot and cold Heta Wallets, Heta App Store, Blockchain feature-enablers and comprehensive solutions that enhance its applicability in smart Banking, healthcare, e-commerce.

This new platform Heta Blockchain 3.0, launched in 2018 by Relam Investment and its founder Sultan Ali Rashed Lootah, works within the framework of a hybrid mechanism of coordinated state evidence (DPoS) and a Byzantine mechanism of conservative failure tolerance (BFT), which are designed to fight with cyber attacks. According to the company, the hybrid consensus algorithm will be able to handle most of the problems faced by many blockchain platforms. These limitations include security issues, the complexity of developing DApps, and the speed of the network. For example, Bitcoin can only process seven transactions per second (TPS) compared to Visa, which can process 24 TPS. HetaChain claims that its technology allows you to quickly install TPS “without the risk of downtime.

DPoS (Delegated proof-of-stake) is an algorithm for achieving consensus in a decentralized environment, which is an alternative to the consensus of PoW (Bitcoin proof-of-work) and PoS (Peercoin or NXT proof-of-stake).

HetaChain Network Features :

Secure: an efficient and secure harmonious protocol that runs HetaChain using the consensus BFT algorithm and decentralized PoS, makes this Blockchain platform secure from a range of harmful effects, including cyber attacks. This is necessary to encourage a decentralized data exchange and storage system for the existing space for technological activities.

Fast speed : HetaChain provides rapid approval for TPS or transactions without increasing the risk of downtime using unique technologies. This platform was designed in such a way as to satisfy a sufficient number of high volumes of output, essential commercial activities of the modern network, which focuses on addressing the shortcomings of Blockchain platforms on the market.

Scalable: HetaChain is able to handle the commercial scale of operations between thousands of decentralized applications on various Blockchain platforms.

Flexibility: using this platform, you can fix and freeze hacked programs using role-based permissions, more flexible use has been made.

Dapp repository with a pre-installed application, users can select and run their DApp in the HETA blockchain.

Storage of digital assets :HetaChain can save large digital assets to pay, that they can not be stolen or hacked.

Consensus: HetaChain uses DPoS + BFT consensus hybrids to maximize the performance of its Blockchain network.

Automatically Creation of contracts: In this case, less code is involved which helps developers to easily create their own contracts in HETA.Use user-friendly card. Ability to run a small application on the network for free.

Benefits of HetaChain Platform

Investment in the future development of Blockchain technology: HetaChain is committed to developing an outstanding Internet infrastructure for Web 3.0. They seek to invest in the development of Blockchain technologies in the future to enable them to develop programs to make people's lives smarter and better.

A global approach: Everyone from every corner of the world can access HetaChain's unrivaled Platform, as it provides the next generation transformation technologies for all global economies.

Business optimization: The ecosystem is developed by HetaChain, which will work as a hub for related companies to intelligently uncover their likely capabilities using its updated technological result, as well as providing a rich idea and experience for making real-time decisions.

By improving communication between various platforms, HetaChain can help strengthen communication between its own and other private Blockchain platforms. It will provide Bridge Protocol to help private Blockchains verify their data through it. In fact, with HetaChain, every private Blockchain platform will pay for using the platform with HETA (HetaChain currency). The amount of this commission depends on the volume of services used.

Usage of HETA:

HetaChain users will have to pay a certain amount of HETA when creating a transaction to exchange tokens or coins issued by HetaChain. This usage fee may also be referred to as a transaction fee, which is mandatory for becoming familiar with the real value of HETA for this system. The user needs to be rewarded with a certain amount of HetaChain coins, as an approval when he participates in the process of checking the main chain or consensus of a private chain. The rate at which this reward is evaluated should be based on the amount of effort the user has made to use this process.HetaChain developers are expected to introduce a total of 60000000000 HETA

HetaChain Tokenization

ROADMAP

TEAM

Dear readers, Kindly refer to the links below for further inquries

WEBSITE : https://www.heta.org

WHITE PAPER: https://heta.org /docs/HetaChain_whitepaper_en-ver-1.0.pdf

MEDIUM : https://medium.com/@hetachain_blog

REDDIT : https://www.reddit.com/user/hetachain

STEEMIT : https://steemit.com/@hetachain

BOUNTY : https://bitcointalk.org/index.php?topic=5032045.0

FACEBOOK : https://www.facebook.com/hetachain

TWITTER : https://twitter.com/hetachain

LINKEDIN : https://www.linkedin.com/company/hetachain-network/

YOUTUBE: https: // www.youtube.com/channel/UCP2EHgCDI6guWPldtosMyfw

ANN THREAD : https://bitcointalk.org/index.php?topic=5043007

TELEGRAM ICO GROUP : https://t.me/Hetachain_Community

Authors info :

BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=2328928

Ether Address: 0xd8bcd4b152bd2ac173deb15d14160ed1225f0e05