Good days subscribers, am back again to talk to you about an exciting project.
The problem with most project is that they tell us that they want to bring in yet to be developed technology into the system and most often than not they end up failing, well this new project I'm here to talk to you about does quite the opposite. They work with existing technologies to provide the features the business want to adopt. The unique feature about the Heta project is that it allows you to deploy your own application to the blockchain so the application has full access to the entirety of the blockchain rather than sharing resources with their applications like most other projects do. Using 1 major platform to control several applications. At hetachain technology is not the main focus, rather they focus on the problem and look for existing technology that's best solves this challenge
An overview of the hetachain architecture
The hetachain architecture is easy to use and has been made flexible for users and developers, even those who don't have knowledge about how to develop a blockchain can build their own applications by just dragging and dropping, I would give a thumbs up to that, users would also have access to dappstore where there are pre-built apps that users can select from.
Heta consensus
Heta would be making use of the dPos and BFT hybrid consensus to their platform, the lowest block time So far is 1 seconds but with the hetachain architecture it would be done at 0.5 seconds. And the unique feature is only one user is allowed to produce a block at every 0.5 second interval.
Multichain blockchain design
There is just one public mainchain that functions like the bitcoin and ethereum blockchain, this mainchain is the core of Heta where all public tokens would be stored. The mainchain would embody each master node, the public tokens and the smart contract, this is the first time I'm seeing any project running its smart contract using c++
The hetachain platform also makes use of what is called a HETA virtual machine which is designed to work for the smart contract as a run time environment
HETA COIN
like all other projects, they all have a specific means of payment on their platform and on heta it's the HETA coin. It would be used when a user does any sort of transaction of the hetachain blockchain. This coin can be used in two ways. The first being when a user takes part in a consensus or any process on the private chain, such user would we given back a certain amount of HETA while the other way the HETA coin can be used is when a user creates a transaction, such user would pay a certain amount of HETA which would be used as the transaction fee.
How to purchase HETA
The first step to purchase the token is to register on the website which is heta.org and upon registering users are required to verify their mail address. After that is done users now now go ahead to purchase, but users have to deposit the currency they would like to use to purchase before they. and heta can be purchased using 3 currencies which are bitcoin, USDT and ethereum
1 HETA = 0.016 USDT
1 HETA = 0.000079 ETH
1 HETA = 0.00000262 BTC
Currently more than 40000 HETA tokens have been sold
Conclusion
The project would Definately be a welcomed one because rather than focusing on what they have no control over, they ask business who want to make to of their platform what current challenges they are facing and work on a way to solve these challenges making use of existing platform. Most platform charge you for making transactions and all but not all rewards users which is what HETA would do whenever a user takes part in the validation process on the mainchain. Heta are going one step further by trying to fix the existing problem of the blockchain technology which are the transaction performance and poor security. The block structure knows the platform is safe and secure in the sense that once a block is recorded, the data entered into that block cannot be changed in anyway.
The transaction fee on the HETA platform is not fixed, it's going to be calculated using 2 parameters, the transaction complexity and the transaction size. If a user has more complexity such user would be charged more than a user than has lass complexity.
HETA WEBSITE: Https://heta.org
HETA WHITEPAPER: https://bitcointalk.org/index.php?topic=5043007
Facebook: https://www.facebook.com/hetachainofficial
Twitter:https://twitter.com/Heta_org
Telegram: https://t.me/Hetachain_Community
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