1What is HashNET?
HashNET is scalable, efficient and high-impact decentralised solution to social innovation challenges leveraging Distributed Ledger Technology (DLT). This revolutionary algorithm features faster transaction time, masternodes and will have an open source, community governed cryptocurrency – Tolar.
2Can Tolar become a major payment network?
Yes, Tolar is designed to become worldwide payment network from the start.
3Can you tell us some future plans?
We want to compete with Etherium and Hyperledger. Our goal is to offer faster, more scalable solution featuring masternodes and proof of stake.
4What are the HashNET consensus mechanics?
Each member of the network has a copy of the HashNET - information structure that keeps record of who propagated which event to whom, and in what sequence. Those events are spread between HashNET members using gossip protocol and the validity of events is decided by voting. However, in order to increase speed and reduce bandwidth needed, every member that has a copy of HashNET can calculate what would be the vote that other member sent to him and if they had been running a traditional Byzantine agreement protocol that involved sending actual votes.
5Is Tolar a smart contract platform just like ETH?
Yes. On the top of HashNet we will deploy Ethereum Virtual Machine.
6Do you have a GitHub?
Yes but it is not yet open to public. We will announce it once it happens.
7Do you have some MVP?
We had a live demonstration of our prototype on June 28 that reached over 130,000 TPS on multiple nodes during the live demo. You can watch it and read all about it here.
8How is interchain support implemented?
Interchain support will be done through contracts running on top of HashNET.
9When is mainnet schedule?
10Will Tolar launch first as an ERC 20 or straight to MainNet?
11MainNet launch Q2 2019, will we receive ERC20 token until MainNet?
There will be ERC20 tokens issued before native token.
12Will you have a blockchain mainnet and then change it to another technology?
We now have a custom Blockchain testnet and for ICO ERC-20.
13On what platform will you issue tokens?
We will issue ERC20 tokens as placeholder tokens at ICO and then exchange for mainnet tokens when mainnet is released.
14When do you plan to have token tradable?
It is planned for after ICO, and ICO is planned for Q3 2018.
15Where can I see whitepaper?
You can see our whitepaper on our website tolar.io.
16Is Tolar the first currency being built on HashNet infrastructure?
Yes, it is.
17Is this an infrastructure project?
HashNet is infrastructure project that will allow people to build dApps.
Sale and presale
1What sale phases will you have?
Private sale, pre - ICO and ICO phase
2Did you start the airdrop campaign?
3Any excluded countries?
Yes. USA and China.
4What is the Hard Cap?
Hard cap is 45,000 ETH for 35% of tokens for sale.
5What do you need 45,000 ETH for?
We want to globally scale HashNET with different solutions for enterprises and governments. We also want to position Tolar HashNET at the top of all DLTs. On the other hand, the competition is fierce and they have much more money than 45,000 ETH.
6What is your Token Metric?
Token name: Tolar (TOL); Hard cap: 45,000 ETH; TOL generated: 1.000.000.000; Private sale: 0,000120879 ETH per TOL; Pre Sale: 0,000131868 ETH per TOL; ICO: 0,000145055 ETH per TOL; ERC-20
· 35% Token Sales · 32% Tolar Development Fund · 8% Proof of Stake Network Start Nodes · 20% Founders · 2,5% Developers · 2,5% Advisors · No lock on main tokens · 3 months for bonus tokens ·24 months for team token
8What was the minimum limit for private sale?
Private sale minimum was 50 ETH for individuals and 1000 ETH for pools.
9Is there some lockup period for presale buyers and the team?
Yes. There is a lockup for 3 months for bonus tokens, no lockup for main tokens, and 24 months for team tokens. Starting from the public ICO.
10Will all tokens be locked after 3 months or just bonus?
Just bonus tokens.
11What will be the date of token distribution?
We will inform you on that soon. Stay tuned.
12When are the main tokens tradable?
13Who can I speak to about public sale?
You can find all the information on our web or PM our admins on Telegram and by sending email to [email protected]
14What is the minimum public presale contribution?
15Do you have KYC process?
Yes. Presale and whitelist process for ICO is now open. KYC form can be accessed through our official website.
16When are we likely to get the KYC email regarding the private sale or presale from the application?
KYC process is currently on for presale and ICO whitelist. If you applied, you will get an email soon.
17Will there be a different KYC process for pre ICO and ICO?
It is same.
18Date set for the whitelisting process?
It has started on June 22, 2018.
19When is idex?
We can't confirm that now.
20When is TGE?
In ICO time.
21What will happen to unsold tokens?
We will burn them.
22Where can we send a business proposal?
Send an email to [email protected]
1Will masternode owners receive rewards?
Yes, they will be rewarded for helping secure the network.
2When will masternode go live?
We cannot confirm that at the moment, so please stay tuned. We will inform you.
3What are the server requirements for owning a masternode?
Server in this case is computer or computing-cluster connected to a network which provides masternode services mentioned above. Minimum requirements for server are: quad core 64bit processor 16 GB RAM 128 GB of available disk space 50 Mbps symetrical internet connection Fixed and unique IP (only one masternode can run at one IP address) While these are minimum requirements, it’s recommended to have masternode on a better configuration, especially in higher network load scenarios. In case that your masternode starts lagging behind because of insufficient processing power or bandwidth, it will not receive masternode rewards for those rounds.
4What will be the reward for masternode owners?
It is described in white paper.
5Can I earn rewards even if I am not the owner of masternode?
Yes, but there will be significant difference in rewards.
6How many coins for the masternode?
You will need 500.000 TolarZ
7What will be the maximum number of masternodes?
System can tolerate any number of nodes that connect to it. For regular node, there are no special requirements, you just download Tolar client and connect to the network. As for masternodes you are required to lock up 500.000 TOL. And total supply is 1.000.000.000 TOL. Whole supply will probably never be in masternodes. Technically it is not a problem to have more than 10.000 masternodes without performance lost. At this point we are sure about huge power savings compared to PoW currencies.
8What’s the purpose of arbitrary nodes? Who and how decides who'll be arbiter in the network? And how many arbitrary nodes does network need?
The arbitrary number of masternodes provides much better decentralization of the network. To be clear, there are no nodes acting as arbiters, the number of nodes can be arbitrary.
9Where can I get info about masternodes? If there is one group of masternodes confirming everybody's transactions and executing all the smart contracts then it’s not really a DAG, is it?
It is a DAG because a masternode collects transactions in their pool and then sends it to a random node. As the network events propagate through the network, they create a DAG locally on every master node, which is eventually consistent across the network and based on that DAG. Every masternode can calculate the same states as every other network without trusting others.
10What is the role of regular nodes to propagate transactions through the network?
Regular nodes will also be able to do staking however, if they choose to do so, their reward percentage is less than that of masternodes. However, if they don't decide to stake anything, then yes, they will just propagate events and verify correctness of graph.
HashNET vs. Hashgraph
1What is the difference?
The main difference is that HashNET is a proof of stake public ledger which doesn't have a fixed of number of masternodes and which is actually decentralized. Moreover, we are adding a governance system on top, where masternodes can vote on the future of the ledger. The way nodes are coming to consensus is different because of an arbitrary number of masternodes. Anyone who has enough stake for the master and the tech requirements can be a masternode. Hedera Hashgraph has a council composed of 39 preselected big companies that decide on funds and network future. In Tolar network, any member of community running a masternode can propose tenders and vote for them. Also, our voting mechanism is different since it includes weighted votes proportional to stake and a reputation mechanism. For Hashgraph to function, it needs to know the number of nodes in the network in advance, that's why it was initially intended for permissioned networks only. Our algorithm doesn't need to know number of nodes in the network in advance, on the contrary, you can join or leave any time you want. That's why we started the project as a public ledger. Our project will be open-source where you can see exactly what's happening, while Hashgraph is closed source.
2Has a license been obtained from Hashgraph (Swirlds Ink)?
There are enough differences in our algorithm not to warrant any special licensing.
3Are you using the same technology as Hashgraph but open source?
Similar tech but better algorithms, HashNET is an open source public proof of stake ledger with arbitrary number of masternodes with a governance and a reputation system.
1How come you don't just use Rust and minimize your security issues?
We are more comfortable using c++ because all our developers are experienced in c++ and we use best practices to make sure that doesn’t happen. But we use go as well for the more high- level stuff and networking.
2 How many TPS were you able to achieve on your testnet and how many TPS are expected to be achieved in HashNET mainnet?
200K is the theoretical number we calculated that is possible to achieve but right now we can confirm that we showcase more than 150K TPS on multiple nodes. We will continue to improve and optimise our algorithm until we can achieve our maximum.
3Are you more decentralized than Ripple and less decentralized than BTC?
Ripple is probably the one which is the most centralized. So, the answer is yes, it is hard to say how much is BTC really decentralized. We want to provide a really decentralized ledger which has a masternode governance system and where the majority stakers can vote on the changes.
4What programming language do you use?
We are using both c++ and go. Go is used for the high- level networking layer, all other stuff, which is computationally heavy and can be optimized, is in c++.
5What are the implications of using C++ or Java? What are pros and cons?
C++ is much more efficient and we can dig into the low level stuff to optimize everything from memory management, execution speed, etc. Also, as we are solving algorithmic problems on a high number of nodes, c++ provides us with the ability to optimize many things on the data structures we are using and in that way we can achieve better throughput than many others.
6In what ways is this coin different from all other PoS with Masternodes, they are all cheap, fast and scalable?
We are also fair in a sense that there are no blocks, so miners and masternodes cannot decide on the order of transactions. Time to finality is a few seconds. In addition to all of that, there is a virtual machine on top, making it possible to run smart contracts and dApps without hitting performance limits any time soon.
7How do you plan to showcase the progress of TPS for the network as progress is being made?
At first, tests will be run on developer’s network, where we can deploy several dozens of masternodes and nodes that will be sending large pools of random transactions. Results of our developers testing will be periodically published on our Medium and other channels (Telegram, FB, Twitter, LN). Since we plan to switch repository to public mode, anyone with some technical or developer experience should be able to replicate our test setup and verify the numbers for himself, if he wishes. Also, as the program interface gets more user-friendly, we will start HashNET testnet, were even non-technical users will be able to try out everything they want.
8When could we start to study and develop dApps on testnet?
DApps, as per roadmap, will come at later point (after HashNET protocol is fully implemented).
9Will the formal verification be out on Arxi or just on the whitepaper?
We are still deciding on it, but if it turns out to be significant scientific article, we will publish it and make it available on Arxiv as well.
1Do you have official announcement channel on Telegram?
Yes, our official announcement Telegram channel could be accessed here: https://t.me/tolario
2In which country is the company based?
Legal entities that run Tolar HashNET project are based in Slovenia, Croatia and British Virgin Islands.
3Will you translate whitepaper to other languages?
4About the team:
We have a big core team which will not grow a lot before ICO. We are now searching for new team members who will work on our scaling. We are mainly from Croatia.
5Any info on your blockchain experts?
Our team consist of 30 members, please check their profiles on Tolar.io.
6Who is running Tolar HashNet?
Tolar Hashnet is governed by the Foundation Board, please check Board member’s profiles on Tolar.io