Understanding High Performance Blockchain

High Performance Blockchain.

To the followers of Crypto-currencies, the name High Performance Blockchain answers one of the fundamental issues currently faced by Blockchain technology, the speed with which transactions can be sent and received without compromising underlying security protocols. However, to many new investors, the name HPB means very little. In this article we will explain the fundamentals of High Performance Blockchain, its potential use case, and underlying economics from which to formulate your own opinions from…

What Is High Performance Blockchain?

High Performance Blockchain (HPB) aims to decrease the ‘bottleneck’ caused on many blockchains by increasing the available Transactions Per Second (TPS) through the use of both a hardware and software solution. The combination of the HPB Foundation and Shanghai Zhaoxi Network Co. Ltd. are resolved to increasing the blockchains transactions per second to a usable speed, without compromising decentralization and, in turn, the trust-less security that blockchain technology offers.

There are several different approaches being taken at present to address this problem; The Lightning network and Segwit are trying to increase speed, blocksize and micro-payments using off-chain solutions, Sharding and cross-channel payment solutions offer potential solutions for other crypto-currencies. While they may all offer a solution, only High Performance Blockchain combines both a hardware and software solution to address the underlying problem.

The hardware is designed to fit into a motherboard, and comes with the Ecliptic Curve Digital Signature Algorithm pre-installed, allowing for thousands of signatures to be verified at a high rate. Anyone wishing to attack or defraud the system would have to overcome both the software, and the decentralized network of hardware components fitted within the active nodes. Without getting too technical, one of the other major advantages of the hardware is its ability to offload CPU load from the node servers. Live tests in 2018 resulted in the hardware taking only 5% of the CPU and processing 200,000 in 5 seconds, compared to the 40 seconds required by the conventional, unfitted server.

What is High Performance Blockchain BOE? – A hardware and software solution dedicated to bringing blockchain transaction speed in-line with conventional fiat payment gateways.

Adoption Of High Performance Blockchain

High Performance Blockchain is very similar to Ethereum, sharing between 80-90% its base-code. This can be seen as a major as a major advantage, making it far easier for existing Ethereum dapps to migrate easily to the HPB chain with the minimum of necessary modifications to the code. With Ethereum currently able to handle approximately 15 transactions per second, any dapps requiring a higher TPS rate could easily migrate.

Unlike Ethereum however, High Performance Blockchain doesn’t restrict its programming language to Solidity. With its open-source permissionless blockchain, anyone is able to deploy their own smart contracts, whether large company or small start-up, and with the ability to support various data applications and mainstream programming languages, developers are able to use a host of common languages including Python, Java, Javascript and C+, as well as Solidity as course.

So, what makes HPB so different from so many other Crypto-Currencies trying to become the internet currency or payment gateway of the internet? The answer quite simply is in the future partnerships that are already formed with many traditional payment options looking to employ Blockchain technology for both speed and a reduction in costs.