High Performance Blockchain – HPB ICO Token For dApps Scaling?

HPB, or High Performance Blockchain, is a blockchain technology that aims to solve crucial problems in the blockchain world. Find out how HPB works today in our review.

What Is High Performance Blockchain?

High Performance Blockchain is a new blockchain architecture designed with the goal of being an easy-to-use, high-performance blockchain platform. It’s built to extend the performance of distributed applications to meet real world business needs.

To achieve these goals, High Performance Blockchain was created based on an architecture similar to an API operating system. The software architecture offers features like accounts, identity and authorization management, policy management, databases, and asynchronous communication across thousands of CPUs, FPGAs, or clustered program schedulers.

Importantly, the High Performance Blockchain can also support millions of transactions per second and provide authorization within seconds.

High Performance Blockchain Features

HPB’s blockchain technology comes with all of the following crucial features:

Open Source:

HPB is open source technology. Like with most open source platforms, HPB made the decision to rely on a large pool of talented developers. Open source also means faster software integration. Commercial users don’t have to pay to use HPB’s blockchain, and free usage means more users and more attention.

Support Millions Of Daily Users:

HPB will support millions of transactions per second and millions of daily users. The whitepaper specifically mentions how applications like Google, Uber, and BAT require the processing of millions of active users each day. HPB could be used for similar enterprise applications.

Low Latency:

HPB will provide confirmation within seconds. One of the primary ways in which HPB will compete is with its low latency.

High Throughput, High Concurrency:

Applications like exchanges can only execute operations serially – not in parallel. High Performance Blockchain plans to provide powerful serial capabilities. The platform plans to provide powerful parallel processing capabilities, parallelization of most tasks, and a combination of hardware and software architecture allowing blockchain TPS to be raised by two orders of magnitude.

TOE Technology:

HPB accomplishes its high throughput and high concurrency with the use of TOE technology, which aims to accomplish some or all packet processing tasks through a dedicated processor on a dedicated network card.

Acceleration Engine:

HPB is designed around blockchain-dedicated hardware acceleration units – including hardware and firmware acceleration – as well as software engine matching – including system driver and software interface API hardware acceleration. In more straightforward terms, that means high performance and high speed concurrent computation through parallel processing of CPU, GPU, FPGA, and serial ASIC chips.

DPOS Consensus Algorithm:

HPB uses a delegated proof of stake (DPOS) consensus algorithm. This algorithm, explains the HPB whitepaper, “is the only one capable of combining the previously mentioned performance requirements.” Using this algorithm, the whole network of token holders can vote through the system to appoint new block producers. And, once elected, anyone can participate in block production.

Block Production Every 3 Seconds:

HPB expects to produce a new block every 3 seconds. At any point, only one producer is authorized to produce blocks. If a block production falls at any time, then that block will be skipped.

Transaction Confirmation:

The blockchains maintained by the DPOS algorithm are 100% online. After an average of 1.5 seconds, a transaction will be written into the blockchain and all outgoing nodes will be aware of the transaction. In only 1.5 seconds, a transaction can be identified as 99.9% confirmed – which means it’s been successfully received and recorded onto the blockchain.

Role-Based Privilege Management:

Privilege management, in the world of blockchain technology, helps define whether or not a particular message is properly authorized. The simplest way in which this is done is to check if the transaction has the required signature. HPB, on the other hand, provides a “declarative rights management system that allows for high-level account granularity and control for anyone at any time.”

Blockchain APIs:

The HPB blockchain provides a series of blockchain data access and interaction interfaces – i.e. APIs. The platform uses JSON-RPC and RESTful API to support various data applications and development languages.

Smart Contract System:

HPB has a complete smart contract system. Each smart contract acts as a yoke on the asset management lifecycle. Submission, deployment, usage, and cancellation are completely controlled and managed by the smart contract. There’s also a smart contract auditing system that involves a combination of automatic auditing tools and professional auditors. To make smart contract deployment as easy as possible, HPB has a smart contract template that can be used for general business applications.

General Virtual Machine Mechanism:

HPB has a general virtual machine (GVM) mechanism built with the goal of supporting virtual machines and adding new virtual machines over time. The virtual machines can be used with HPB smart contracts. They’re lightweight and support multi-level contracts.

The High Performance Blockchain ICO

The HPB ICO has been a bit confusing. The ICO didn’t start on its originally-scheduled date. However, it appears the ICO has already been completed. The first two phases of the ICO were completed in June and July. Crowdfunding participants received 36% of the total supply of coins (an additional 10% of coins were sold to presale participants).

High Performance Blockchain Conclusion

High Performance Blockchain, or HPB, is a blockchain designed to solve crucial problems in the world of blockchain technology. The development team has created a blockchain capable of processing millions of transactions per second. That blockchain supports smart contracts and uses a DPOS consensus algorithm.

Stay tuned for more information about High Performance Blockchain as HPB continues its development.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,489FansLike
2,795FollowersFollow
4,272FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

YFI Plunge Might be Over After Record Number of Addresses Unload All their Tokens

In the past three days, the DeFi darling YFI has lost more than 36% of its value, going from $34,400 to $21,950 today. At the...

Financial Firms & Law Enforcement Find Cryptocurrencies More Risky Than Opportunistic: RUSI Survey

Financial firms, government, and the private sector all see cryptocurrencies as risky, found a survey by the Royal United Services Institute think-tank and the...

Kadena to Launch DEX to Rival Uniswap; Touts Higher Speeds and Multiple Protocol Support

Kadena announced on Tuesday that it would roll out a Decentralized Exchange (DEX) dubbed ‘Kadenaswap’ towards the end of 2020 in a bid to...

Crypto Exchange Bitpanda Raises $52 Million in Series A Round to Offer Access to Stock Markets

Cryptocurrency exchange Bitpanda has raised $52 million in its first major funding round, Series A led by PayPal co-founder Peter Thiel’s Valar Ventures. Other...

Coinbase Launches Staking Program For Cosmos, ATOM Holders Can Earn 5%

In a blog post released on Wednesday, Coinbase introduced staking on ATOM, promising up to 5% return per annum on the value staked. The...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today