What Is HetaChain?
HetaChain is a third generation blockchain platform built with advanced computational capabilities to enable users to develop decentralized applications that do not include censorship, fraud, downtime, or exorbitant third party incurred costs. The platform is equipped with the ability to operate on commercial basis with the aim of preparing the world for the next industrial revolution.
The current first and second Generation Blockchain technology face multiple challenges such as Network congestion, slow transactions, high network fees, and high-energy consumption. HetaChain’s third Generation Blockchain Technology will address these challenges through its blockchain network that is scalable, has increased transaction speed, and is highly efficient in terms of energy consumption. These solutions will drive the blockchain technology towards mass adoption.
How HetaChain Blockchain And Crypto Platform Works
The HetaChain ecosystem is made up of smart contracts, the HETA coin, Heta Wallets, Heta App Store, Blockchain feature-enablers, and comprehensive solutions that enhance its functionality in smart banking, healthcare systems, trade, telecommunications, e-commerce, data management, investments, and cash exchanges.
HetaChain operates on the dPoS and BFT hybrid consensus algorithm, which is combined with the double verification process that addresses the scalability issues and facilitates a truly democratized platform suitable for large transactions as well as private users. The platform integrates various features that are designed through a multichain system that is compatible user with either public or private blockchain preference.
HetaChain will also have its own protocol that can communicate between private chains and main chains on the platform’s blockchain system. This will enable the private blockchain’s to submit their data for validation on the platform’s main chain. The private chain will have to pay a certain amount of HETA coins depending on the transaction complexity and size in order to issue transactions on the Heta Protocol – Multichain Platform.
The HetaChain platform has the ability to process multiple commercial scale Dapps transactions through HetaChain’s inter blockchain communication.
Secure And Flexible
HetaChain operates a secure yet efficient consensus protocol through the implementation of DPoS and BFT hybrid consensus algorithm, which secures the platform from various cyber-attacks, and malicious threats that decentralized data storage and sharing systems are likely to face. HetaChain is flexible since it has the capability to freeze or fix broken applications using generalized role-based permissions.
The platform implements an advanced technology that makes it possible to undertake faster transactions without the risk of facing any downtime. The technology addresses some of the challenges of the current blockchain network since it’s designed to handle high throughput, which is one of the main features of HetaChain.
HetaChain’s unique features are accessible all around the world, which will offer the global economy with next generation transformative technologies.
The HetaChain ecosystem will create portfolios for companies to enable them unleash their potential through advanced technological outputs that offers the companies with the expertise and insights they can use to make decisions.