Hetachain is a new project startup intended to build a hybrid blockchain platform for public and private company. Hetachain will is a combination of Delegated Proof of Stake (DPoS) and Byzantine Fault Tolerance (BFT) consensus algorithm to build the next blockchain 3.0. In this review, we shall discuss some features of Hetachain that make it perfect platform for some company that intend to use blockchain technology to improve their existing platform.
Easy to use platform
Hetachain platform is design with maximum flexibility in term of ease in which Decentralized application can be built on it. The platform will make it easy for developer to be able to build smart contract easily. Hetachain also provide adequate support in building applications on the platform. Hetachain platform also consist of tools that make it easy for even novice to build Dapp by just dragging and dropping. The platform also consist of voting tools for masternode and also artificial intelligent for analysis of data.
High transaction speed with great throughput
The base of any blockchain is the consensus algorithm which determines the overall performance, throughput and scalability of any blockchain platform. Generally there are four consensus algorithms in which any blockchain based platform depend on (PoW, PoS, DPoS and BFT). Each of these algorithms has their advantages and disadvantages. However among these algorithms, combination of DPoS and BFT offer high transaction speed with great throughput and this is the reason why Hetachain platform will be using the combination of these consensuses. Also hetachain will add a double verification mechanism to ensure stability of the block within the ecosystem.
Combination of both public and private chain on the same platform
Heta blockchain consist of a main chain which is a public blockchain that functions exactly like some existing blockchains such as Ethereum, Bitcoin etc. this public chain will house the public tokens that are being created on the platform. Information regarding transaction details of smart contract addresses created on the public blockchain can be view by anybody. The hetachain also consist of multiple private chains which can be used as a private channel for some company that intend to maintain anonymity within the platform. Such sectors include but not limited to medical sectors that handle and process huge information regarding medical records. Such information can be kept properly and save without alteration by the blockchain. Since such sector will want to maintain anonymity and keep medical record privately from the public then heta blockchain is ideal platform that can handle such project.
Great Communication between blockchain
Hetachain will use privacy preserving bridge protocol to bridge the gap between the private chain and the heta main chain. The protocol allows private transactions to be evenly distributed securely above private chain channels.
Fair Transaction fee
The transaction charges on hetachain are moderately low and very transparent. The fee will be charged when users perform any transactions. This transaction fee which is paid using Heta coin are being distributed between block producers (Miners) and voters that are responsible for maintaining the heta network. The amount of fee paid depends on 2 major important parameters. Firstly, the complexity of the transaction. This means the more complex the transaction is the higher the amount of transaction fee. This complexity is calculated based on permission tree. Secondly, the amount of transaction charges also depends on the size of transaction. Transaction size is measure by amount of data inside a transaction. The transaction sizes also determine the block height. Higher block height means greater transaction size. Informations such as receivers address, signatures, permission tree etc also determine the transaction size.
Dedicated and Hardworking team
The hetachain is developed and managed by a group of team member that dedicated and hardworking. The chairman and chief executive offer, Mr Sultan Ali Lootah is an entrepreneur that holds a MBA degree in strategic management with devise experience in both private and public companies. Hetachain have more than 20 members that consist of developers, programmers, project manager, community managers and digital marketing managers with capacity to employ more than 50 ad hoc staffs if necessary. Hetachain have access to a lot of professionals and advisors. For more detail about many important benefits of hetachain, kindly visit the website on www.heta.org. Also you can download a copy of the hetachain whitepaper which is available below.
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Six Important Reasons why Financial Institutions should consider using Hetachain
![Six Important Reasons why Financial Institutions should consider using Hetachain]()
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