Tolar HashNET (TOL)

Dobi
DOBI Exchange
Published in
3 min readMay 9, 2019

TOL is listed on DOBI Exchange , featuring the TOL/ETH market.

Tolar HashNET is an asynchronous, gossip-based consensus mechanism that allows for lightning-fast processing of up to 200,000 transactions per second with low latency and a prototype already achieved 150,000 TPS on June 28th 2018.

At regular intervals, the DAG representation gets consolidated into a blockchain of strictly ordered transactions compressed with MimbleWimble technology. HashNET thus combines the advantages of a DAG-based asynchronous consensus mechanism with those of a synchronous blockchain-like data structure of finalised transactions but a structure that is much smaller than a full blockchain and can even be stored on a mobile phone!

In addition, Tolar includes an implementation of the Ethereum Virtual Machine with Solidity smart contracts. This makes it an ideal platform for ICOs which can deal with familiar technology while profiting from all the advantages Tolar offers.

Ready for high stress

HashNET is built to support over 200,000 transactions per second, compared to Bitcoin, which can only manage 7 transactions per second. Even with a large increase in number of nodes, HashNET network will be able to process all transactions in seconds.

Fair & decentralized

HashNET is fair, because no individual can manipulate the order of transactions. With HashNET, every participant can contribute by voting and there is no way for the individual to affect the consensus order.

The total amount of tokens:887,389,430

Token in circulation:245,146,100

Official Website:https://tolar.io

Project Whitepaper :https://tolar.io/static/media/WhitepaperTolar.2f13a40e.pdf

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