Idea & Token
Tolar HashNet is a project that is going to solve old defects of blockchains – slow transactions, low scalability, and bad impact on the environment because of massive number of mining operations. These and other problems result in low adoption of blockchain technology in the world. Looking to the Hashgraph method, Tolar HashNet is creating HashNET, a decentralized solution leveraging Distributed Ledger Technology (DLT). Being scalable and efficient, HashNET will provide 200 thousand transactions per second (TPS). And these are not just words, they already have demo network providing 150 thousand TPS on multiple nodes. HashNET will use the Proof of Stake (PoS) verification mechanism with masternodes. There will be no need for mining, which will solve the problem of energy consumption and impact on the environment.
Their ERC-20 token called TOL is an open source, community-based crypto currency. After the network release the tokens will be converted into network tokens. Anyone who has 500 million TOL will be able to make a masternode. A total supply is 1 billion tokens. The token distribution is as follows: 35% – sale, 32% – development fund, 20% – founders, 8% – Proof of Stake network start nodes 2.5% – developers, 2.5% – advisors.
Tolar HashNet is a big team divided into founders (8 members), IT development (8 members), business development (8 members), and advisors (15 members). Foundation board has decades of experience in business development including blockchain-based projects, such as the world’s first Blockchain MBA program and Blockchain’s certified developer program at COTRUGLI Business School. No doubts they have all kinds of specialists, knowledge, and experience they need for the project.
One more project promising to make transactions on blockchain fast and reliable, but what makes them remarkable is a working demo that provides 150 thousand TPS all over the world. These numbers and results really deserve respect. Bad news – these guys are playing on the field of Ethereum and Neo, so it will be a tough game for them. Anyway a long term perspective is excellent, and hype is quite good. Add here team’s plans to create a platform for DApps, and you’ve got the entire picture.
That case when a promise is not just a promise. 150 TPS right now, and this is what we’ve been waiting for.
Tolar HashNET ICO datesexport to calend
HashNET is a scalable, fast, secure, and fair decentralized- beyond blockchain project, leveraging Distributed Ledger Technology (DLT) and consensus algorithm which keeps all positive characteristics of a blockchain technology while increasing throughput to more than 200,000 transactions per second. Network is using Proof-of-Stake with masternodes, which eliminates the need for a massive energy consumption.