Review High Performance Blockchain

High Performance Blockchain (HPB) is a new kind of blockbuster based on hardware and software. It is positioned as an easy-to-use high-performance block platform to meet the needs of real business. Under real business we mean companies of the level of Baidu, Alibaba, Tencent, i.e. companies that need high-loaded, high-speed access to the blockroom. This is done by creating an architecture similar to the architecture of the operating system for applications. To speed up the work, hardware chips and software interacting with them will be used. Parallel execution of algorithms will be supported. If this architecture is implemented, the blocking system will support millions of transactions per second.

Other target markets are the Internet of things, finance, medicine, the public sector, the supply of goods.

HPB is a block system designed around hardware for accelerating the work with a block chain, the corresponding software. All this provides high performance and high-speed parallel computing. Hardware acceleration will be able to provide high concurrency connections, supporting more than 10,000 TCP sessions, 10,000 concurrent sessions, reduce the number of network layers. The hardware will take on the traditional functions performed posledovately, for example: transfer of transaction data, unverified blocks, broadcast requests, confirmation of transactions, etc. The response rate for each session is more than 100 times greater than that of a conventional PC node.

As a consensus algorithm, DPOS (Delegated Proof of Share) is used. The same algorithm is used by BitShares. It is expected that HPB will release the unit every 3 seconds.

HPB will support multi-level authentication and authorization of participants and related resources.

HPB will not deploy smart contracts in the blockroom. Instead, it will use intelligent contracts that use state channels. This is a departure from decentralization for the sake of speed, reliability and scalability.

HPB will provide API for access to the blockroom, an SDK for application development, a system of smart contracts.

The goal of HPB is to support various virtual machines and eventually add new ones as needed. This mechanism is called GVM — a common virtual machine. At this stage it is planned to support Ethereum virtual machine and NEO Virtual machine.

Software and hardware are developed with open source.

HPB Token (formerly called GXN). At the moment this is an ERC20 token. Will be replaced with a token of its block after the main network is launched.

In white paper, nothing is specifically said about the use of the token, but the AMA was told that as the transaction speed in the locker increases, HPB will build an ecosystem of DAPP (decentralized applications). With the growth of the ecosystem, the value of the token is expected to increase.

Also at the AMA, it was mentioned that HPB would be needed to create the masterware.

In the reviews about the founder of Wang Xiao Ming, they write that he is one of the first blockbuster innovators in China, has written 3 books on blocking technology, and is involved in various crypto activities. Has been associated with NEO since the first days. Former employee of Union Pay.

About the rest of the team they write that they are from Huawei, Intel and other large Chinese companies.Among consultants is worth mentioning Long Kai — executive president of UnionPay Smart, a subsidiary of China UnionPay; Won Zongru, a Nobel laureate, is a physicist.

ICO was held in August 2017.

Should have collected 22000 ETH.

The price of the token was, depending on the stage:

1300–1200–1100–1000 HPB per 1 ETH

14399–13200–12000 HPB per 1 BTC

143–133–123 HPB per 1 NEO

Token distribution:

36% public offer on ICO, cash for these tokens will be used for research, development and marketing.

10% of tokens are intended for early investors, community members in the early stages of the project.

20% of tokens are intended for the team and the main investors. Blocked for 1 year, after the 2 nd year, gradually unblocked at 5% in six months (did not understand the lock for 1 year or 2 years).

19% of tokens are blocked for 2 years as a reserve fund. Depending on the development of the community, it can be eliminated.

Total offer of tokens: 100,000,000 HPB

Current offer of the tokens: 22 216 600 HPB

Road map
At the end of March 2018, a test network should be launched and a new version of white paper released.

The approximate date of launching the main network is Q2 2018 (originally planned for 2019, an earlier launch was explained by the growth of the team).

The final release is the end of 2019.

The project seemed an interesting idea, in that NEO and UnionPay are related to it. While there is no MVP, although there are photos of the founder with some kind of printed circuit board in hand. In any case, the transfer of the launch of the test network from 2019 to the end of March 2018 is a positive factor. I think it’s worth waiting for the results of the test network, when they will pass the test of transaction speed. In any case, the project is a long-term construction. The final release will be only at the end of 2019.

The project was engaged in marketing among the English-speaking audience only in December 2017. So far, information on it is not complete enough. Some details are unclear, for example, how the hardware will be distributed — the AMA responded on this issue that the decision has not yet been made.

In general, for me it was too much to understand to make a final impression.

Telegram: @By_Kovaleff





Comments 2

Good project! I have long heard of him) I will be happy if you prokomentiruete my last article mutually;)

30.07.2018 19:46