Tolar - an open source, community governed crypto-currency featuring scalable, fast, secure, and fair transactions.

in #cryptocurrency • 6 years ago

Tolar is an open source, community-governed crypto-currency featuring scalable, fast, secure, and fair transactions. Basically, Tolar team are trying to build a new blockchain uses proof of stakes with masternodes and they’re aiming to do 200,000 Tx/s. The key innovation is the asynchronous distributed consensus protocol inspired by hashgraph called ‘ redundancy reduced gossip protocol which will be used on an appropriately designed directed a network structure, the network will be used proof of stake and masternodes with tolar governance system called magnus consilium which will be comprised of all masternodes With a positive reputation in the Hashnet.

HashNET is scalable, efficient and high-impact decentralised solution to social innovation challenges leveraging Distributed Ledger Technology (DLTs). This revolutionary algorithm features faster transaction time, masternodes and will have an open source, community governed crypto-currency – Tolar.

DLT in its public, open and permissionless form is widely considered as a ground-breaking digital technology supporting decentralized methods for consensus reaching, as well as sharing, storing and securing transactions and other data with fewer to no central intermediaries. HashNET consensus uses "redundancy reduced gossip" and "virtual voting" protocols based on a distributed computation and algorithms from theoretical computer science, which provides a fair and fast, byzantine fault tolerant consensus algorithm. It is a new consensus substitute platform and is designed to run on a non-permissioned (public) network thereby, reaching a larger community.
HashNET is designed to solve the blockchain scalability problem using the revolutionary algorithm discussed above. It is a new consensus substitute to blockchain, keeping all the good characteristics from blockchain (decentralized, transparent, pseudo anonymous) and increasing speed to more than 200.000 TPS.
HashNET is cost-efficient and environmentally friendly given that no mining is required, as it uses minimal computing resources. It is designed to solve the problem with Bitcoin, Ethereum and similar PoW systems.

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.

TOKEN SALE: AUGUST (NO EXACT DATES)
Ticker: TOL Token
type: ERC20
ICO Token Price: 1 TOL = 0.0471 USD (0.00014505 ETH)
Fundraising Goal: 14,600,000 USD (45,000 ETH)
Total Tokens: 1,000,000,000
Available for Token Sale: 35

#ico #bitcoin #ethereum #blockchain
6 years ago in #cryptocurrency by
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