Despite the similarity, HEAT Ledger has no relation to Heath Ledger, the late Hollywood star. If you can look past this, you’ll find a lightning fast 3.0 cryptocurrency with the potential for widespread adoption. “What’s a 3.0 Cryptocurrency?” you may ask. Well, a 3.0 crypto resolves the two most pressing pitfalls of the existing 2.0 and 1.0 cryptocurrency server software solutions; Low transaction rate throughput and the burden of hosting large blockchain files on any single p2p node.
If you haven’t heard of HEAT Ledger before, it might be because it’s not listed on any major exchange like Poloniex and Bittrex. This has been both a blessing and a curse. While it hasn’t grown at the same pace as other cryptocurrencies, it’s price is less volatile. Despite only having a market cap of $11.6MM, HEAT Ledger should not be taken lightly. Here are few highlights taken from the whitepaper:
• Written in enterprise friendly Java
• Based on secure, MIT licensed NXT for cryptography and p2p consensus code
• Architected with re-use for private chains in mind
• Optimized for speed and low memory usage
• Massively scalable through the use of not one single blockchain, but a chain of blockchains (only the last one in the chain is required on each node)
• On application level contains all the latest 2.0 cryptocurrency features and more, including custom asset-to-asset trading, distributed apps and end-to-end encrypted instant messaging.
Through radical changes to both the storage layer and the networking layer it is possible to sustain at least 1000 transactions per second 24/7. A theoretical constant rate of 1000 TPS would produce 6.3 TB worth of archivable blocks files per year or roughly 3 new block files per day, all on commodity (affordable) hardware. For context, the current speed on Bitcoin is 7 TPS, and will only reach 50.5 TPS if Bitcoin Plus materializes.
Would the need arise for Heat to process even higher numbers, eventually approaching the VisaNet max level of 56,000 TPS, all that’s required to boost rates are stronger servers with greater processing cores and RAM.
Recently, Heat announced that you can pay bills on EUROAP using the HEAT token. From the reviews, I’ve heard the system runs smoothly.
I’ve recently set up a node where I earn 0.05% per day for staking (forging) my coins. Here is a graphical description of my potential payout:
If HEAT gains popularity, like I think it will, it will be extremely profitable for early investors. In this link you can calculate your potential returns for staking (forging) HEAT.
In conclusion, I really like what Svante Lehtinen and Dennis de Klerk have created here. In terms of P2P transactions, this coin appears to be shoulders above the rest. There are always risks regarding developers abandoning projects, however HEAT has a clear roadmap and it is incredible how far they have already come.
I hope you enjoyed this brief analysis. I highly encourage you to check out their site to read more.
All the best,
@gayboy/cryptoboy
sweet
Soy tu tio
This is so true, clearly a undervalued project. Heat is grate piece of tech
HEAT will have its day.
Very nice article. Upvoted!
thank you!
You are welcome!
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