Tolar hashnet review

Blockchain is the fastest growing digital technology that has changed the face of businesses around the world. Three years ago, we asked ourselves a simple question - what can we do to use blockchain technology with the resources we have?

The answer was facilitated by COTRUGLI Business School. COTRUGLI has recognized the potential of blockchain technology among the first in the European region SE, providing important support from the beginning and it turns out the best resources we can use to utilize blockchain technology. For this reason, we chose COTRUGLI as a project strategic partner.

One of the main features of the HashNET design is a democratic government system called the Magnus Consillium that allows the involvement of the entire community and is open to everyone. Proposals can be given by each tender and then Magnus Consilium decides and votes on each proposal. Voting is decided only by a majority.

To choose proposals needed to have a social impact, maintain a decentralized platform and add value to the community. The usefulness and breadth of proposals will also be taken into account. People who are truly able to organize ideas for sound will be given tokens.

Staker is very important for how Tolar will work, so people will receive interest if they risk their tokens to help the network. In this way, they will have a clear interest in enabling them to continue to support the network.

HashNET Functionality:

HashNET is scalable. Scalability is the biggest problem in the space of blockchain technology. Projects such as Bitcoin and Ethereum are not capable of transferring large amounts of blockchian transactions in a short period of time. HashNET, on the other hand, is built to support more than 200,000 transactions per second, compared to Bitcoin, which can only manage 7 transactions per second. Also, even with a large increase in the number of nodes, the HashNET network will be able to process all transactions in seconds.

HashNET is fair, because no individual can manipulate the order of transactions. With HashNET, there is no way for individuals to influence the consensus order.

HashNET is fast, because it does not require miners to create a blocking chain to record transactions. The process of making this block chain is very slow and consumes a lot of electricity. HashNET uses the Proof-of-Stake algorithm combined with masternode to achieve distributed consensus. The reception and recording process occurs immediately after the transaction, which allows final confirmation to be ready instantly, cannot be hacked due to the strength of distributed algorithms, which are responsible for reaching consensus in the node. Also, combining Proof-of-Stake and masternode creates transparency, because participants are compensated for correct voting.

One of the first initiatives was the creation of the Adria Blockchain, which became a central place for the blockchain ecosystem in Southeast Europe. Here, in addition to regional conferences, meetings and hackathons, we also developed the Blockchain Academy and the world's first Blockchain EMBA Program and the Program for Developers of Certified Blockchain, helping our clients take advantage of this stunning technology.

For more information please click the link below:

Website: https://www.tolar.io/

Presale: https://www.tolar.io/presale/

Whitepaper: https://www.tolar.io/wp-content/uploads/2018/07/Tolar-whitepaper-1.pdf

Telegram: https://t.me/TolarHashNET

Twitter: https://twitter.com/TolarHashNET

Author 0x username: kelvinmark