Heat Whitepaper is published!

in #crypto-news8 years ago (edited)

I am not a technical persona, but as far as I understand the whitepaper they have interesting concepts

Technical Highlights:

  • Written in enterprise friendly Java
  • Based on secure, MIT licensed NXT for cryptography and p2p consensus code
  • Architected with re-use for private chains in mind
  • Optimized for speed and low memory usage
  • Massively scalable through the use of not one single blockchain, but a chain of
    blockchains (only the last one in the chain is required on each node)
  • On application level contains all the latest 2.0 cryptocurrency features and more,
    including custom asset-to-asset trading, distributed apps and end-to-end
    encrypted instant messaging

A interesting Idea is the Distributed Services Architecture (DSA)

These are not Smart Contracts, but everyone can write a Service feature an run his own application with the
HEAT blockchain as backbone.

Some Examples:

  1. Oracle service
    An oracle writes a (foreign) fact to the blockchain. Through an oracle it
    becomes possible to create a transaction on the HEAT blockchain that does not
    execute until an event outside the HEAT blockchain has happened. A Good
    example of using an oracle: Bob sends Alice HEAT tokens but the transaction
    will not execute before the oracle service writes to blockchain the transaction
    details of Alice about her BTC payment to Bob.
  2. Escrow service
    Requesting a new escrow, both parties send money to the escrow. Escrow will
    not release funds before both parties agree. Could be combined with oracle
    service where escrow releases funds based on an oracle saying the
    requirements are met.
  3. Time-based data decryption (secret reveal) service
    Based on a certain date [block height], transaction on the HEAT blockchain or
    some other real world event coming from an oracle this service decrypts and
    publishes / sends to pre-defined recipient some secret you gave it in advance.
  4. Co-signer service
    For use with multi-sig transactions on BTC/ETH/HEAT/etc. The user of this
    service will use the service provider public key as a required co-signer of a
    multi signature transaction. When the requirement is met the service provider
    will add his signature to the multi-sig transaction which will then execute.
  5. Gateway trade bot service
    With a gateway trade bot service you can buy/sell cryptocurrency on an
    exchange.
    An example of such a service would be users sending ETH to the service ETH
    address. When received the service will immediately sell the ETH for BTC and
    transfer the real BTC for the seller.
  6. Webshop simplification
    If you sell digital products on the internet (music or video files for instance) you
    could create a service where you either return a link to download the digital
    product,
    or you could return a cryptographic key for the buyer to unlock the digital
    product.

ICO runs till August 8 2016. If you are interested you have still time to invest. On the BitShares Openledger you can also find an OPEN.HEAT token.

Crowdsale: http://heatledger.com/ico.htm

Whitepaper:
http://heatledger.com/HEATWhitepaper.pdf

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Simply Great Information and Presentation

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I just want to share the coin information and share it.
In addition to the NeverDai ICO information posted today, I would like to ask you for ICO information frequently.
https://steemit.com/ico/@maxtill94/nevedie-ico-full-analysus-why-you-should-buy-neverdie-coin-gaming-cryptocurrency-coin-comparision-with-gamecredit-mobilego-first

Keep up the great work @apes
Upvoted

Hi! This post has a Flesch-Kincaid grade level of 9.3 and reading ease of 66%. This puts the writing level on par with Michael Crichton and Mitt Romney.

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