HELIOS PROTOCOL - THE BLOCKCHAIN + DAG
The Helios platform is made up of a large number of independent
blockchains connected through a DAG.
Every wallet address has its own blockchain that contains only transactions to or from that particular wallet address. All blockchains are connected through a DAG formed by transactions. When a transaction takes place, it is only added to the blockchains of the sender and receiver. The blockchains of all other wallet addresses are entirely unaffected. This completely eliminates the bottleneck caused by requiring all transactions to be placed on a single blockchain and allows transactions between different users to occur concurrently. The transaction throughput also grows with the number of wallet addresses on the blockchain allowing it to scale indefinitely.
The Helios platform will be capable of executing Solidity based smart contracts and dApps. This will allow the creation of efficient, fast, and secure decentralized solutions to vastly improve systems such as governance, financial technology, energy grids, supply chains, social networking, health care, fake news, climate change etc... Furthermore, the use of Solidity as the language will enable rapid adoption by the existing development community and seamless migration of existing dApps.
BLOCK EXPLORERHIGH SPEED AND SCALABLELOW TRANSACTION FEESSMART CONTRACTS AND DAPP PLATFORMSECURITY AND IMMUTABILITYWE'RE GREENTRULY DECENTRALIZED AND DEMOCRATICTRANSACTION ORDERNO ICO
HIGH SPEED AND SCALABLE
Every wallet address has its own independent blockchain. Transactions only need to be added to the blockchains of the two parties involved in the transaction, ie. the sender and receiver. This allows transactions between different users to occur independently and simultaneously resulting in a transaction throughput many orders of magnitude greater than current blockchains. If we assume the only bottleneck to transaction throughput is the blockchain architecture, it grows linearly with the number of wallets on the network. Thus, the blockchain architecture of the Helios protocol is infinitely scalable. That said, once we have eliminate the blockchain architecture bottleneck, that limits other blockchain projects, there will inevitably be other bottlenecks that present themselves at higher transaction throughputs. One such bottleneck is the sheer computational power of the nodes. Modern processors can only process so many transactions per second. The exact number depends on the programming language, processor model, and efficiency, but is expected to be in the 1000 to 10,000 tx/sec range with current affordable hardware. However, as computer hardware technology improves, and processors become faster, so will the throughput of our blockchain. We have essentially tied the scaling of the Helios Protocol, with the scaling of computer hardware. If you consider how massive the computer hardware market is, and how much demand there is for faster hardware, it is clear to see that things will reliably scale year after year.
Furthermore, the parallel blockchain architecture is extremely well suited for sharding. This will allow the transaction throughput to approximately scale by the number of shards on the network. If we have just 10 shards, we have no increased the transaction throughput, with current hardware, to between 10,000 and 100,000 tx/sec.
As a brief exercise, let's consider the scenario at some time in the future a few years from now, where computer hardware is no longer the bottleneck. Let us assume and the Helios protocol has 30 million wallets, which is approximately the number of Ethereum wallets as of now, and each blockchain could process 15 tx/sec, which is the approximate speed of a single Ethereum blockchain. The transaction throughput of the Helios protocol for this scenario can be calculated by
TX-throughput = 30000000/2 x 15,
where the first term is the number of wallet addresses divided by 2 because there are 2 wallets involved in each transaction, and the second term is the transaction rate of each blockchain. This results in a Helios protocol transaction throughput of 225 million tx/sec. We can compare this to Bitcoin's 4 tx/sec or Ethereum's 15 tx/sec in which case the Helios protocol is on the order of 50 to 20 million times higher throughput, respectively.
Secondly, wallets are allowed to add new transactions and blocks to their own blockchain at any time they choose. This allows transactions to take place on demand. There is no longer the need to wait for the next block to be mined like a traditional blockchain. So not only is the transaction throughput increased, the transaction latency is decreased as well.
More about
Web https://heliosprotocol.io/
Whitepaper
https://heliosprotocol.io/#project-tabs-indicator-white-paper
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