HetaChain

The heart of blockchain is the consensus algorithm. It’s the most important factor that has affect on the performance, throughput and scalability of any blockchain. Project will focus on analyzing the advantages and disadvantages of current blockchain consensus algorithms and then propose a new platform that tackles the blockchain limitations.

Project Description:

HetaChain comes out and revolutionizes the new generation of Blockchain 3.0. HetaChain architecture, positioned as an easy-to-use, flexible for user, developer (easy to make smart contract), high-performance blockchain platform. The system will be a mixture of on-chain DB and off-chain DB to utilize the storage power of offchain DB and minimize transaction weight. The following Diagram is the Overview Architecture of HetaChain:

The heart of blockchain is the consensus algorithm. It’s the most important factor that has affect on the performance, throughput and scalability of any blockchain. We will focus on analyzing the advantages and disadvantages of current blockchain consensus algorithms and then propose a new platform that tackles the blockchain limitations.

There are four main methods of finding consensus in a blockchain: the practical byzantine fault tolerance algorithm (PBFT), the proof-of-work algorithm(PoW), the proof-of-stake algorithm (PoS), and the delegated proof-of-stake algorithm (DPoS)

Multi-Chain Blockchain design consist of 3 parts: Block structure (Block Header, Block Metadata, Block Data,  Transaction Fee, Transaction flow);  MainChain (Peers, Public Token, Smart Contract, Smart Contract Life cycle Management, Smart Contract Template, HETA virtual machine); Private Chain (Private Chain Registration, Private Chain Consensus Algorithm, Private Chain Usage Fee, Private Chain Token, Private Chain Smart Contract)

Block structure. HETA is a replicated database that maintains a continuously growing list of ordered transactions called blocks. Each block has a link to the previous block, and once a block is recorded, the data in the block cannot be altered. HETA’s block consists of three segments which are Header, Data and Metadata. Both Header and Metadata are smaller segments as compared to Data.

MainChain is the public chain of Heta Blockchain system and can be validated by 33 Master nodes(BFT-DPOS Consensus). Every activity of system will be committed to Mainchain. The following diagram will describe in detail what Mainchain is:

Private Chain. Private Chain is private blockchain in HETA platform with constrained read/write access alongside a consensus algorithm(BFT-DOPS) which allows only a preselected group of people to contribute and maintain the integrity of the blockchain.

Token:

The name of the token is HETA. Accepting are ETH, BTC, USDT. Soft cap is 100 millions USD. Hard cap is 520 millions USD. PreICO price is 1 HETA = 0.01336 USD. Price in ICO 1 HETA = 0.0167 USD. Tokens for sale are 42,000,000,000. Accepting are ETH, BTC, USDT. Soft cap is 100 millions USD. Hard cap is 520 millions USD.

Token distribution: 15%- teams; 3%- advisor and partners, 5%- bounty and airdrop; 3%- business operation; 4% - product development; 30% - Private Sales; 40% - Public Sales.

Data:

Partners of are Valut Investments, GVS Technology, IAC, Global Stalion. Invested by Relam Investments. Whitepaper is available for download in English. As of September 8, 2018 in telegram ico-47 782 followers, telegram news - 48697, facebook-2780, twitter - 35100, bitcointalk bounty and bitcointalk forum. There is a YouTube channel called HETACHAIN OFFICIAL (6302 subscribers).

Roadmap:

In Q2 and Q3 2018 will be mainchain development, UI display blockchain data, Wallet demo, HetaChain ICO event and private sale. In Q4 2018 will be HetaChain block explorer demo, HetaChain test net (test version), HetaChain ICO public sale starting, listing HETA token on exchange and privatechain development. In Q1 2019 will web portal release, Dapp development, smart contract development, wallet update (multi-Token) and HetaChain test net launch. In Q2 2019 will prebuilt Dapp, Auto create Dapp, HETA fee calculation portal, HetaChain block explorer(update) and HetaChain mainnet (test version). In Q3 2019 will HetaChain mainnet launch.

Team:

The team includes 22 people, which of them 11 co-founders and 11 advisors.

Mr. Sultan Ali Lootah is co-founder, chairman and CEO. Under Vault Investments expanded business, where Sultan Lootah is the Chairman of the board and the Managing partner, are various business sectors such as Vault Smart IT Solutions, Sultan Lootah Petroleum Trading company, Vault Management Consultants and Vault Real Estate. 

Mr. Duy Phuong Nguyen is co-founder, Vice-Chairman and COO. Mr. Phuong is the Vice Chairman Relam Investment and MIG Holdings and the CEO of MIG Consultant & Investment Management Joint Stock Corporation. Prior to co-founding MIG Holdings, Mr. Phuong, as the CEO, had successfully led many complex projects at Vietnam Industrial Securities, Vietnam Commodities Exchange in various areas of Finance, Banking, Property Management, Brokerage and Network Development.

Mr. Abdulla Ali Lootah is having successfully accomplished projects like Solar Water Desalination, Bridge Design Project, Highway Road Design Project, Water Supply Management Project, Trakhees Offices Remodeling Project.

Mr. Hong Phuc Do is also the Chairman and CEO of MIG HOLDINGS, a Finance Investment Company, specialize in some industries like : Finance, Trading, IT, Real estate and Start– up Project. 

Other co-founders are Mr. Mohammad Ahli, Mr. Ali Juma Alajme, Mr. Rajesh Gunani, Mr. Nagesh Ananth Prabhu, Mr. Abdullah Al Dabbous, Mr. Mohammed AlNakhi and Mr. Norman Khan.

Advisors. Mr. Michael Gord is founder and CEO of MLG Blockchain, an enterprise blockchain and ICO consulting and development firm.

Mr. Samer Obeidat is an Entrepreneur & career technologist with more than 20 years of global accomplishment-laden experiences in IT.

Mr. Shameer Thaha is CEO of Accubits (MENA) a technology company that focuses on AI and Blockchain, is one of the world leaders in Blockchain and ICO technology.

Mr. Manish Mittal is an Entrepreneur & career technologist with more than 20 years of global accomplishment-laden experiences in IT.

Mr. Michael Gong has more 20 years of experience managing companies in Shipping & Logistic, trading between China & Middle East, F&B hospitality.

Mr. Sanjay Chandel is a professional with over 22 years of rich experience in both Regulatory and business environment.

Mr. Kunal Kothari has a prominent name in the field of Real Estate, NBFC, Outdoor Media and Organic Foods. Mr. Ismail EL Sakka is founder and Chairman of IAC offering a wide range of financial non–banking services and corporate solutions within the UAE and Egypt.

Mr. Lorenzo Giombini is market research operator in the fields of telecommunication, real estate, automotive and other public activities.

Mr. Tuong Bach Luu is professional proficient in investment banking from debt and equity funding arrangement, corporate restructuring services to merger and acquisition for cross border transactions.

Mr. The Hien Dinh is a finance doctor - computer engineer and director of the Institute of Applied Informatics & Economics - Chairman of the Representative Board of Manulife Investment Fund.

Web-site: https://heta.org

WP: https://heta.org/docs/HetaChain_whitepaper_en-ver-1.0.pdf

Telegram: https://t.me/Hetachain_Community

Twitter: https://twitter.com/heta_org

Facebook: https://www.facebook.com/hetachainofficial

Bitcointalk bounty: https://bitcointalk.org/index.php?topic=5043478

Bitcointalk forum: https://bitcointalk.org/index.php?topic=5043007

YouTube channal: https://www.youtube.com/channel/UCP2EHgCDI6guWPldtosMyfw

Author: https://bitcointalk.org/index.php?action=profile;u=13..

Wallet: 0x652A1b4cD22B5218972A228c1e1F2684a361D059

Telegram: @ICOevent