HPB: A Better Way For Blockchain Transaction
Blockchain is the real idea behind Bitcoin. Bitcoin is a digital and global money system currency. Money can be transferred or exchanged without being linked to a real identity. The mathematical field of cryptography is the basis for Bitcoin’s security. As many continue to flow into cryptocurrency, there are some challenges being faced by the system;
TPS Performance (Transaction per seconds)
Network congestion is a major issue because the number of transaction and applications are increasing rapidly. Bitcoin is being confined by a legacy network of about 7 TPS Compared to Visa with an average TPS of 2,000 and a maximum TPS of 50,000, it is very slow and lightning network aims for just 1,000 TPS, below industry standard.
High Transaction Fees
The high fees are being cursed because of the traffic in blockchain networks especially during high-load and major events.
The block size can also lead to confirmation and network dormancy resulting in more expensive transactions.
Ethereum and some other blockchains have experienced security
Problems, blockchain network and multiple hard forks are being cursed by community splits. No real solution has been found to a 51% network attack,
where a majority of mining resources are turned against the network.
Difficulty in Developing DAPPs
Due to the above problems, The developers have difficulties in
creating optimized DAPPs for existing blockchain.
Having seen the Challenges, what could be the way out?
High Performance Blockchain (HPB) is the most recent approach to solving the above-mentioned problems facing all blockchains today.
HPB as a new blockchain architecture is being positioned as an easy-to-use, high-performance blockchain platform. It targets to increase the performance of distributed applications to meet real-world business needs. it will remove Low transaction speeds and dormancy in blockchain networks around the world, preventing the widespread practical adoption by businesses and consumers.
HPB will provide a solution to this problem and meet business needs by creating a platform programmed to handle multiple of transactions per second. It will consist of both hardware and software architecture, placing it ahead of present platforms which seek to solve the same subject matter through software-only solutions.
With the target of 1 million TPS and a 3-second confirmation time, HPB aims to become the first for all major business applications in industries that require handling of billions of data points with extremely low dormancy.
HPB software architecture provides accounts, identity and authorization management, policy management, databases, and nonconcurrent communication on thousands of CPUs, FPGAs or clustered program schedules. This is a new architecture that can accommodate millions of transactions per second and support authorizations within seconds.
As described above, the architecture consists of two parts: hardware and software architecture. It is a combination of the HPC (High Performance Computing) blockchain concept, cloud computing, hardware systems with distributed core nodes, a HPC-oriented universal communication network, and an HPC-oriented cloud platform.
In addition, the architecture supports core node blockchain standards, and consensus algorithm and blockchain task processing functions. The core node includes a hardware speeding up engine embedded with software.
HPB token initialize the total supply of 100 million. a high contribution node (hcnode) has the right to generate a block.
Three necessary conditions for becoming a high
contribution node (hcnode) are:
• Adopt BOE hardware acceleration engine.
• Hold a certain number of HPB tokens.
• Contribute to the necessary network bandwidth for the entire system.
Current circulating Supply：28%
ICO Refunded Tokens：18%
Founding team & Cornerstone investors：20%
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