Today I would like to introduce to you the Tolar project.
HashNET is a decentralized, fast, secure and fair distributed, distributed dispersion (DLT) technology and consensus algorithm that maintains all the positive characteristics of blockchain technology while increasing throughput. Up to 200,000 transactions per second. The network is using Proof-of-Stake with masternode, eliminating the need for large power consumption.
Why hashnet came out?
Talking about blockchain, we can not ignore its core issue - consensus. Consensus means voting with special nodes to complicate the verification and confirmation of transactions in a short time. For transactions, if some nodes have unrelated benefits that reach consensus, then that transaction may represent the entire network.
Blockchain can support many different consensus mechanisms as a sequential data structure. Consensus is an important element in blockchain technology. The blockchain consensus mechanism is aimed at making all nodes store an appropriate blockchain while satisfying both of the following:
Uniformity: The blockchain prefix to which all real nodes are stored is exactly the same.
Validity: The information given by one of the final real nodes will be covered by other real nodes and stored in their own blockchain.
Blockchain technology uses a set of mathematical algorithms based on consistency to establish a "reliable" network between machines, thereby creating new credit through technical consensus instead of Concentrated credit institutions.
Common Blockchain consensus mechanisms:
Proof of Work (PoW) - Proof of Work
Proof of Stake (PoS) - Proof of Stakes
Leased Proof of Stake (LPoS) - Leased shares
Delegated Proof of Stake (DPoS) - Proof of Stocks
Proof of Importance (PoI) - Evidence of Importance
However, some of the above mentioned consensus mechanisms still have some issues such as resource wastage, short consensus periods, low efficiency, slow speed, low stock dependence and low reliability.
Then, thanks to the combination of DAG and blockchain solved the blockchain's performance problems, from the idea of combining side blocks with blocks and DAGs initially to DAGCoin to remove the block concept, then to IOTA and Bytebal has achieved some success. A lot of people are skeptical about the security of these DAG applications and the degree of unity of the dispersion. Including whether IOTA is over-dependent on non-Open Source Validators, the Byteball witness node has no gaps. So, someone has come up with another kind of consensus of dispersion - HashGraph, which has no concept of blocks, transactions, and transactions that make up DAGs directly. Many people are skeptical about the security of their applications. This DAG and the level of consensus response of the dispersion. Including whether IOTA is over-dependent on non-Open Source Validators, the Byteball witness node has no gaps. Thus, someone has come up with another kind of consensus of dispersion - HashGraph, no concept of blocks, transactions and transactions constitutes direct DAG.
The HashGraph consensus algorithm now reaches the consensus of the transaction chain through the spread of virtual network and voting strategies. This consensus prerequisite requires the vote of more than 2 nd / 3 nodes to vote unanimously for the outstanding witness event where the total number of votes is, and is usually represented by number of tokens. Thanks to local voting strategies, HashGraph has achieved rapid transaction confirmation. However, this approach has the following problems:
In a wide area network environment, the node is highly mobile and the mobility of the entire network is increased. This may result in the system not being able to find a 2n / 3 voting consensus event for a long time and can not reach unity.
Due to factors such as node stability, processing power and bandwidth, the ability of different nodes to handle events varies greatly. If there are a large number of weak nodes involved in voting in the system, the consensus may not be achieved for a long time.
In a wide area network environment, frequently changing nodes can cause the global network to be divided into multiple subnets. According to the neighboring gossip swap protocol, the node will periodically remove neighbors that have not been updated for a long time. When the neighbor list is stable, the node reaches consensus in the subnet. If the small network subnet, malicious node easily create two outstanding witness events in the same ring , causing a transaction to double. When the system size increases, each node must handle a large number of gossip packets. As a result, the spread of the system will decrease as the number of nodes grows. Based on these limitations, the HashNet consensus mechanism is born. HashNet employs a layer-by-layer mechanism. Nodes in higher level networks are called full nodes and form a management board. They are primarily responsible for setting up lower and lower level segments, new full nodes in the area, fully escaped nodes, non-participating global consensus and non-participating records. As expected, this avoids the risk of performance bottlenecks and significant increases in transaction traffic. The nodes in the lower level network are called full local nodes, forming the segment, achieving consensus in the slice, and using the appropriate suffix to ensure that each transaction is only processed by one segment. Specific paragraph, avoid double payment. At the same time, the on-chip results are synchronized across the chips through an asynchronous mechanism, so that each fully local node has a global accounting ledger.
Advantages of the HashNet Compliance Mechanism
As we have seen above, HashNet is a fully upgraded blockchian with the following advantages:
Full Node and full local node with strong processing and stabilization capabilities. They can avoid problems when HashGraph can not reach consensus for a long time. Meanwhile, these full nodes can also avoid the entire network breakdown into multiple subnets.
With the other blockchain projects, HashNet through distributed re-organized asynchronous defragmentation, completely disrupt the centralized fragmentation mechanism, and significantly improve security during reorganization.HashNET is almost absolutely secureThe on-chip and peer-to-peer switches help to avoid Concentration and performance bottlenecks.
HashNET still inherits the internal advantages of blockchain technology while increasing its transaction processing capacity to more than 200,000 transactions per second higher than many blockchain projects such as Bitcoin encryption with the ability to process only 7 transactions per second.
In addition, even with the large number of nodes, the HashNET network will be able to handle all transactions in seconds.
The most prominent feature of HashNET is the asynchronous distributed asynchronous protocol built into the structure. direct circulation network. HashNET's consensus protocol is a spread protocol. This makes it advantageous to use a structured group communication algorithm in that it can handle large amounts of data, discrete sources, large user fluctuations, and random network errors. can run as a full button even on smartphones Learn about Tolar and how it works Tolar is an open source, electronic money management community with scalable, fast, secure transactions. Equal and fair. As the first digital money on this new token Hashnet technology uses HashNET, a new blockchain is made faster and safer than other existing tokens available on the market. By using a distributed ledger and a consensus algorithm, this network can generate more than 200,000 transactions per second, significantly faster than Bitcoin.Tolar uses a proof of stake. This can help the company do not have to spend a lot of energy to make transactions. Create more transparent fairness Using concepts such as Secure Trading and "One-Way Signature" (OWAS) is displayed to provide private exchanges and better adaptability. This module uses a new management system called Magnus Consilium. By using this system, both parties and investors can vote for any changes that are likely to be made in the system. When there is a proposal, people will have to vote to determine if they approve or not.
ICO Ticker
Details: TOL
token type: ERC20Token
private sale: 21/05/2018
Token sale: August (no specific date )
Total tokens: 1,000,000,000,000
Token Private-Sale: 0.094017 USD
Pre-ICO token: 0.102564 USD
Public ICO token: 0.112821 USD
Minimum Investment Amount for Individuals 50 ETH,
Approval in transaction: ETH, BTC, FIAT
Token allocation:
35% Investors (21.0% private sale 5.25% pre-ICO and 8 , 75% Public ICO)
20% Founder
32% TOLAR Development Fond
8% Proof of Stake Network Start Nodes
2.5% Development Team
2.5% Advisory Team
Road map
Q2 2017: The TOLAR project was established and sponsored
Q3 2017: Blockchain Conference, Rovinj Initial Network Development, The first electronic money experiment was conducted.
Q1 2018: Launch of Blockchain Academy. The process of recruiting key group members has started. The core Tolar group was created with 30 members. The site is published. Tolar public project introduction.
Q2 2018: The first whitepaper version of HashNET is published. Initialize the original mainnet with masternodes and staking systems. Start the private sale phase and the presence of social media.
Q3 2018: The final release of HashNET's whitepaper. Developers talk about HashNET. Pre-ICO. ICO. Q4 2018: On the floor. Explore the string.
Q2 2019: Publicly released HashNET string. Switch mainnet to HashNET protocol.
Some project information: Website: https://www.tolar.io/
Whitepaper: https://tolar.io/wp-content/uploads/2018/06/HashNET_whitepaper_v03.pdf
Facebook: https://www.facebook.com/TolarHashNET /
Twitter: https://twitter.com/TolarHashNET
Reddit: https://www.reddit.com/user/TolarHashNET
Author 0x username: incredulous
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