High Performance Blockchain (HBP):World’s Fastest Blockchain
What Is High Performance Blockchain?
High Performance Blockchain (HPB) truly one of the most innovative projects in crypto world. They are going to be the world’s first company to combine software with accelerated hardware to significantly improve ease of use and speed of data transfer and access. They will be able to do 1,000,000+ transactions per second.
High Performance Blockchain (HPB) achieves high throughput and low latency. They do so by combining hardware with with software — the first blockchain to do this. They achieve this with a dedicated custom network card — their TCP/IP Offload Engine (TOE) — to work as a specialized accelerator.
This network card will purportedly allow for the following:
Millions of transactions per second
Parallel processing tasks (as opposed to serial processing)
High concurrency & confirmation within seconds.
Three Second Block Time
High Performance Blockchain can thus extend dApps to meet the high requirements of real-world business needs with ease.
Main Features of HBP
Low Latency:
HPB will provide confirmation within seconds. One of the primary ways in which HPB will compete is with its low latency
High Throughput, High Concurrency:
Applications like exchanges can only execute operations serially — not in parallel. High Performance Blockchain plans to provide powerful serial capabilities. The platform plans to provide powerful parallel processing capabilities, parallelization of most tasks, and a combination of hardware and software architecture allowing blockchain TPS to be raised by two orders of magnitude.
Open Source:
HPB is open source technology. Like with most open source platforms, HPB made the decision to rely on a large pool of talented developers. Open source also means faster software integration. Commercial users don’t have to pay to use HPB’s blockchain, and free usage means more users and more attention.
TOE Technology:
HPB accomplishes its high throughput and high concurrency with the use of TOE technology, which aims to accomplish some or all packet processing tasks through a dedicated processor on a dedicated network card.
Acceleration Engine:
HPB is designed around blockchain-dedicated hardware acceleration units — including hardware and firmware acceleration — as well as software engine matching — including system driver and software interface API hardware acceleration. In more straightforward terms, that means high performance and high speed concurrent computation through parallel processing of CPU, GPU, FPGA, and serial ASIC chips.
DPOS Consensus Algorithm:
HPB uses a delegated proof of stake (DPOS) consensus algorithm. This algorithm, explains the HPB whitepaper, “is the only one capable of combining the previously mentioned performance requirements.” Using this algorithm, the whole network of token holders can vote through the system to appoint new block producers. And, once elected, anyone can participate in block production.
Block Production Every 3 Seconds:
HPB expects to produce a new block every 3 seconds. At any point, only one producer is authorized to produce blocks. If a block production falls at any time, then that block will be skipped.
Transaction Confirmation:
The blockchains maintained by the DPOS algorithm are 100% online. After an average of 1.5 seconds, a transaction will be written into the blockchain and all outgoing nodes will be aware of the transaction. In only 1.5 seconds, a transaction can be identified as 99.9% confirmed — which means it’s been successfully received and recorded onto the blockchain.
Role-Based Privilege Management:
Privilege management, in the world of blockchain technology, helps define whether or not a particular message is properly authorized. The simplest way in which this is done is to check if the transaction has the required signature. HPB, on the other hand, provides a “declarative rights management system that allows for high-level account granularity and control for anyone at any time.”
Blockchain APIs:
The HPB blockchain provides a series of blockchain data access and interaction interfaces — i.e. APIs. The platform uses JSON-RPC and RESTful API to support various data applications and development languages.
Smart Contract System:
HPB has a complete smart contract system. Each smart contract acts as a yoke on the asset management lifecycle. Submission, deployment, usage, and cancellation are completely controlled and managed by the smart contract. There’s also a smart contract auditing system that involves a combination of automatic auditing tools and professional auditors. To make smart contract deployment as easy as possible, HPB has a smart contract template that can be used for general business applications.
General Virtual Machine Mechanism:
HPB has a general virtual machine (GVM) mechanism built with the goal of supporting virtual machines and adding new virtual machines over time. The virtual machines can be used with HPB smart contracts. They’re lightweight and support multi-level contracts
Conclusion
High Performance Blockchain, or HPB, is a blockchain designed to solve crucial problems in the world of blockchain technology. The development team has created a blockchain capable of processing millions of transactions per second. That blockchain supports smart contracts and uses a DPOS consensus algorithm
For more info on the project ,please visit http://www.hbp.io
