A new iteration of blockchain and an accompanying cryptocurrency have now been launched in Dubai.
The people behind Hetachain, Dubai-based Relam Investment owned by local entrepreneur Sultan Ali Rashed Lootah, claim it represents the third generation of blockchain technology; if Bitcoin was the first and Ethereum, with its smart contracts, the second, then Hetachain is seeking to prove its role as the third, with much higher transaction processing speed, greater security and, as a result of both, ground-breaking scalability.
Hetachain has been designed as both a public and a private blockchain and incorporates hybrid technologies from the blockchain world to enhance the space’s potential.
It incorporates delegated proof of stake (DPoS) – a democratic system that seeks to eliminate domineering miners which cryptos such as BitShares and Steem currently use – and Byzantine fault tolerance (BFT) to deliver greater flexibility and industry-scale transactions. “Hetachain will be your enabler, your society, your business and your social life. It is designed to be a diversified ecosystem crossing various sectors such as finance, healthcare, retail, trade and transport, and will always upgrade with the changes happening in our societies. The ecosystem is empowered with a 3.0 blockchain technology, and through it we will provide our smart contracts, HetaCoin, Heta Wallet and other technologies.” Hetachain has been designed as both a public and a private blockchain and incorporates hybrid technologies from the blockchain world to enhance the space’s potential. Hetacoin on internal Hetachain cipher currency used in mainchain network. Hetacoin is used as a means to pay for the use of Heta Blockchain services. When a user makes a coin or card transaction that has been made by Heta, then he must pay a definite Hetacoib coin. Also referred to with transaction costs. This mandatory fee makes Hetacoin valuable to the system. It can also prevent traders from flooding the network with unlimited micro-transactions.
When a user participates in a consensus process or mainchain and private chain, he will be rewarded with a certain Hetacoin. It is also referred to as awarding the user. The Konsensu Award for the level depends on the level of effort of the participants in the process. Website: https://www.heta.org/ Hetachain is a multichannel chain that has both the capacity of the public and private chains for an efficient business and management system transaction that is built for industry-level computational requirements that enable efficient processing. commercial applications and economic events. RoadMap Q1 & Q2 2018> Designing HetaChain Writting Whitepaper. Q2 & Q3 2018> Mainchain development UI display blockchain data Wallet demo Hetachain ICO event HetaChain ICO private sale. Q4 2018> HetaChain block explorer demo Hetachain test net (test version) HetaChain ICO public sale starting Listing HETA token on exchange Privatechain development. Q1 2019> Web portal release Dapp development Smart contract development Wallet update (multi-Token) HetaChain test net launch. Q2 2019> Prebuilt Dapp Auto create Dapp HETA fee calculation portal HetaChain block explorer(update) Hetachain mainnet (test version) Q3 2019> Hetacoin Hetachain mainnet launch.
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