What is HashNET?


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.

HashNET Characteristics

Transparency of fund

Allocation of community funds and voting process is 100% transparent

Speed

Network’s Throughput can process 200,000 transactions per second

Mobile compatible

HashNET can be run as full node even on smartphone

Ability to grow

Easily scales with number of users

Completely decentralized

Every participant can contribute by voting

HashNET is scalable

Scalability is the biggest problem in the blockchain technology space. Projects like Bitcoin and Ethereum are simply not capable of transferring a large number of blockchain transactions in a short timeframe. HashNET, on the other hand, was built to support over 200,000 transactions per second, compared to Bitcoin, which can only manage 7 transactions per second. Also, even with a large increase in number of nodes, HashNET network will be able to process all transactions in a matter of seconds.

 

HashNET is fast

because it doesn’t require miners to create a chain of blocks in order to record transactions. This process of creating a chain of blocks is very slow and it consumes a large amount of electricity. HashNET uses Proof-of-Stake algorithm combined with masternode to reach distributed consensus. The process of receiving and recording occurs as soon as transaction takes place, which allows the final confirmation to be ready instantly.

HashNET is fair

because no individual can manipulate the order of transactions. With HashNET, there is no way for the individual to affect the consensus order.

 

HashNET is 100% secure

HashNET can’t be hacked due to the power of distributed algorithm, which is responsible for reaching consensus within the nodes. Also, combining Proof-of-Stake and masternode creates transparency, since the participants are compensated for correct voting.

 
 

TOLAR Features

Bitcoin

  • Interchain support
    NO
  • Speed
    2 /s*
  • Daaps
    NO
  • Codebase language
    C++
  • Energy consumption
    High

Ethereum

  • Interchain support
    YES
  • Speed
    20 /s*
  • Daaps
    YES
  • Codebase language
    GO
  • Energy consumption
    High

ICON

  • Interchain support
    YES
  • Speed
    Unknown
  • Daaps
    YES
  • Codebase language
    C++
  • Energy consumption
    Low

EOS

  • Interchain support
    NO
  • Speed
    100.000 /s*
  • Daaps
    YES
  • Codebase language
    WebAssembly
  • Energy consumption
    Low

ARK

  • Interchain support
    YES
  • Speed
    5 /s*
  • Daaps
    YES
  • Codebase language
    Javascript
  • Energy consumption
    Medium

LISK

  • Interchain support
    YES
  • Speed
    3 /s*
  • Daaps
    YES
  • Codebase language
    Javascript
  • Energy consumption
    Medium
 

Cardano

  • Interchain support
    YES
  • Speed
    10 /s*
  • Daaps
    YES
  • Codebase language
    Haskell
  • Energy consumption
    Low

Hedera

  • Interchain support
    NO
  • Speed
    200.000 /s*
  • Daaps
    YES
  • Codebase language
    Java
  • Energy consumption
    Low

Join us on our journey beyond Blockchain.


English