Good day crypto lovers, enthusiasts and investors. I trust you've had a pleasant week. Happy weekends!
If you have followed my last publication, you'd see where I analyzed and reviewed Helios Protocol. Still on this publication, am gonna discuss on the decentralized and scalability nature of Helios Protocol as well as its benefits and use cases to our present dispensation. Stay tuned and have a happy reading!
GENERAL INTRODUCTION
Block chain Technology came as a game changer not just to restructure the crypto space, but also to revolutionize the decadence in the financial secto and every other sectors. The first evolution of the Block chain started with the inception crypto currency. Having Bitcoin as the first ever crypto currency in the world.
Bitcoin is the sole brain of Satoshi. It was developed in a bit to bringing about a decentralized and scalable network, and to also make transactions speedy, accurate and transparent. Having been developed this way, the Bitcoin eradicated some problems in the very first years. Paving ways for massive adoption and utilization of crypto currencies. Bitcoin also eradicated the centralized ways of spending, sending and receiving money while introducing a more reliable, decentralized way of sending and receiving money.
As more people come to adopt and accept the bitcoin, a lot of problems began such as increased transaction which greatly distorted the scalability nature of it. Not just that, the increased transaction fees posed way for a delayed transaction which often resulted as a result of numerous pending transactions on the network. For instance, an average transaction which often takes lesser than 5-10-20minutes to confirm and reach desired blocks now take minimum of 100minutes causing more and more delay in transactions.
In the view to ending this ugly situations, so many projects have emerged to curb and put an end to these issues. A lot still fail to ensure a scalable and decentralized nature. So many projects was introduced to bring about a decreased transaction fees, speed and accuracy. But none have been about to solve these current problems until the emergence of HELIOS PROTOCOL; a game changer which seeks to bring about a decentralized scalability block chain protocol.
INTRODUCING THE HELIOS PROTOCOL
The Helios Protocol has been developed to solve the problems on the network. Such problems includes: Ensuring a scalable and decentralized block chain protocols, ensuring a lesser transaction fees while ensuring a faster transaction, bringing about a consensus algorithm that doesn't need a Proof of work and also allows the users to choose the order of their transaction rather than the miners. All these and many more are the reasons behind the launch of Helios Protocol. Now,the question now is, what are or is the benefit is Helios Protocol to the present state? Well, this is going to be discussed in my subsequent paragraph. Stay tuned!
BENEFITS OF HELIOS PROTOCOL!
All thanks to the brain behind Helios Protocol. Having introduced the concept behind Helios Protocol, I saw discuss the astounding and unique benefits of Helios Protocol. These benefits ranges from High speed and scalability Protocol, to reduced transaction fee, smart contract and dApp platform, energy efficiency, security, transparency, Decentralized and democratization, Order of transaction, No ICO, and the HLS etherrum token. I shall now in a layman language explain these benefits in the subsequent paragraphs. Do you now agree with me that Helios Protocol is indeed a true decentralized, Democratic and scalable block chain protocol? Absolutely YES!
The Helios Protocol's Token: Of a major benefit of the Helios Protocol is its Token (HLS). The native name of Helios Protocol's token is known as HLS. This is an ethereum based token which allows users to earn some tokens either from the airdrop or from the bounty or any other community programs. The Helios Protocol is not an ICO. It is a self-funded community driven projects which has no intention of organizing an ICO. Majority of the HLS token shall be distributed to users in their airdrops and bounty. And also distributed to dApp developers. In conjunction with this, the team has planned to have a mainet soon.Upon the launch of the mainet tokens, every etherureum based HLS shall be swapped to the new mainet tokens in a ratio of 1:1.
High speed and scalability Protocol: Another importance and indeed benefits of Helios Protocol sterns from its High speed and scalability Protocol. Every wallet on the Helios platform would have its own independent block chain. By so doing would allow transactions between different users on the paltform to occur independently and simultaneously resulting in a transaction throughput many orders of magnitude greater than current blockchains. The advantage of this is that, there will be a high speed in transactions with lesser transaction fees which would to a great extent result in a transactional throughput in orders of magnitude.
Reduced Fee: Another benefit and advantage of Helios Protocol is that, it would greatly pave way for a reduced transactions. This will greatly help users to curb exorbitant fees made on transaction.
dApp and Smart contract Application:
This is yet another benefit of Helios Protocol. Helios Protocol would reserve some part of its HLS tokens to dApp developers to supports the projects and other potential projects that will be developed from Helios Platform. Just like ethereum platform, the Helios platform will be capable of executing smart contracts and dApps programmed in Solidity. This will encourage adoption of Helios platform by existing developers.Security and Transparency: Security and Transparency are core values of the Helios platform. Having set a security and Transparent standard, Helios platform sets security standards based on proof of work and other mechanisms to help better the lots of its security and Transparency standards.
Energy Efficiency: It is worthy to note that Helio platform doesn't requir mining which in most cases always demand a lot of energy and cost to mine. Hence, the consensus algorithm of Helios Protocol has come to bring about a reduced energy consumption by so doing brings about due energy efficiency.
CONCLUSION
Helios Protocol has brought a lot to space than we can ever imagine. I cannot exhaust the magnificence of Helios Protocol. I urge you to make some researches about this awesome project. Nevertheless, Helios Protocol has no ICO as it is self funded. Majority of the HLS token shall be distributed to users in their airdrops and bounty. And also distributed to dApp developers.
Don't forget to DYOR and invest. My researches never fail. You'd see a thousand reasons why you should join this leading innovative advancements of Helios Protocol.
For more information about Helios Protocol, duely check out the official websites below:
USEFUL LINKS
Website: https://heliosprotocol.io
Whitepaper: https://heliosprotocol.io/#project-tabs-indicator-white-paper
Telegram: https://t.me/joinchat/GSuKeBGme_EoTjHCiGmupQ
Twitter: https://twitter.com/HeliosPlatform
Facebook: https://HeliosProtocolPlatform
Github: https://github.com/Helios-Protocol
AUTHOR'S DETAILS
Name: Nnaji Ifeoma Anderson
Email: [email protected]
Bitcointalk username: Adaora2323
Bitcointalk Profile Url: https://bitcointalk.org/index.php?action=profile;u=2011741;sa=summary
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