Bringing innovation, speed, and crowd funding support to Decentralized Exchanges
Centralized Exchanges such as Poloniex, Bittrex, Kraken, have been the only way to buy and sell cryptocurrency with volume in the past. Traders and investors such as myself have had to deal with closed wallets, delays in sending and receiving funds, and now reports of insider trading. So why do we keep using them? Quite simply we have few safe options that can deal with these challenges. This is where HEAT comes in. HEAT will utilize the benefits of vertical scalability (future throughput of 1000 transaction per second , 24/7), multisignature currencies which increase security, and an array of currency pairs which gives traders and investors options in an evolving market. This has led to both the creation of the HEAT exchange and the HEAT blockchain.
The HEAT Blockchain and coin (HEAT)
Scalability is becoming an increasing concern for cryptocurriencies. Those that have participated in token sales, ICOs, or attempted to use Ethereum and Bitocoin lately have felt these growing pains. The great news is that as a community we are growing, but ICOs of 140 plus million dollars were not imagined when the technology was created. As an investor I need coins that solve a problem, are easy to buy and sell, and doesn’t kill me with transaction fees. Few coins can accomplish these goals because they rely on embedded databases which take up space and memory. Heat avoids using a single blockchain file and instead uses serialized blockchain files and off heap memory. Quite simply you are only accessing what you need from the blockchain (segments) instead of loading the entire thing. Balances are distrubted separately and balance files are much smaller than blockchain files. The HEAT blockchain provides shortcuts for your data while still utilizing all the benefits of multisignature security.
HEAT also serves as a platform for the creation of real-time applications through the use of the HEAT Dev Kit (HDK), and microservices creation tools. With a great idea and minimal coding experience you can create apps backed by the decentralization of the HEAT network. If you examine the current market-cap of cryptocurriences many of the top coins are not simply currencies, but are used as platforms for the creation of new coins and apps. HEAT provides the support, flexibility, and stability developers need to take their unique concept and turn it into an application.
In addition, the HEAT coin is currently POS/POP. You can stake your coins by simply leaving them in your wallet. This forging process allows you to passively make money. Furthermore, the POP will provide rewards for storing blockchain data on your hard drive. For more info please stop by the forums and introduce yourself.
The Heat exchange user interface has been recently updated and provides a clean simple to use way to buy and sell cryptocurriences. They have both a desktop and online wallet which have been recently updated as well. One of my biggest concerns as an investor is being able to monitor the developers working and bettering their product. You can observe this process through their online forum and on Github. I encourage you to do your own research and try the exchange along with the HEAT coin. Join the community, use the exchange, and provide feedback. There is always room to grow, and we need blockchains and exchanges that can grow with their community.
If you would like to discuss any all crypto-curriences with myself and other like minded investors feel free to join us as we Get Rich or Die Trying (GRODTC) on slack by emailing us: [email protected]
HEAT Ledger website: http://heatledger.com/
HEAT Slack: https://heatslack.herokuapp.com/
HEAT GitHub: https://github.com/Heat-Ledger-Ltd
HEAT Forums: http://heatledger.net/index.php
Bitcointalk.org ANN: https://bitcointalk.org/index.php?topic=1543991.0
Well written, thanks for sharing. For sure part of the more interesting crypto developments to keep track of! I've invested a bit in HEAT myself as well, and will keep on to it as from here on I would expect it to only get better. Also don't forget the additional benefit of the forging (POS) part at the moment, which gives you a great 8 HEAT per forged block reward (as POP has not been activated yet). On average my HEAT is growing with ~20 HEAT per day, with only limited investments.
thanks for the feedback and the numbers
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