INTRODUCING #HELIOS (HLS)

By EbriDan | EbriDan | 14 Jul 2019

With an estimated transaction speed 50 million times faster than Bitcoin, the helios blockchain protocol is capable of solving all of the scaling problems that exist within current projects, while maintaining all of the positive qualities of the blockchain.

While development is being carried out fast on Helios mainnet, a temporary token has been created on the Ethereum network, allowing users and community members participate in owning helios.

There is an ongoing airdrop and bounty on the website.

NOTE: there will be no ICO.

The tokens will be distributed in small batches over a period of three years, so no one individual can hold a very large amount.

HLS token contract address

0xf5d714d9cd577b7daf83f84aea37a1eb0787e7ad

After mainnet completion, a token swap will be carried out in a ratio of 1:1

WHAT IS HELIOS GOALS AND AIMS

* Helios will retain all of the positive qualities of modern blockchain implementations such as trustlessness, and being decentralized.

* Allow for the creation of dapps and integration of Ethereum dApps to the Helios dApp platform without modification of any kind.

* Be capable of scaling to handle the transaction volume of the future while maintaining low fees even in future when adoption is widespread and transaction numbers are above the roof.

* Its consensus mechanism will not need

proof of work (PoW) and uses orders of magnitude

less energy while being just as secure.

NOTE: The consensus mechanism also will be as reliable and secure as PoW and be highly resistant to centralization, if need be.

* users decides order of transactions not block miners, and users can add a transaction to the blockchain.

HELIOS FEATURES;

*HIGH SPEED, SCALABLE

*LOW TRANSACTION FEES

*DAPP PLATFORM

*WE'RE GREEN

*SECURE

*TRANSACTION ORDER

*NO ICO

and

*TRULY DECENTRALIZED

HELIOS PROTOCOL

Unlike the traditional blockchain were all transactions go onto the same blockchain, resulting in bottlenecks wereby transactions remains unprocessed for days.

Every wallet on the network owns its own personal

blockchain. Each blockchain is only allowed to contain transactions to or from the owner wallet. Each wallet is allowed to add new blocks with new transaction to their own blockchain whenever they wish. A transaction between two wallets, will reflect on the blocks of just the two wallets. This is inspired by our cash base monetary system

For more technical info, use links at the bottom of this article.

SLASHING

Taking money from a wallet for breaking the rules of the protocol is slashing and since users will always try to cheat the system, conditions have been set to deterre cheats.

If error is caused by a mistake or a bug in the code of software that interacts with the protocol, incentives have been placed so that you do not loss your crypto. Sometimes, the node would be blacklisted and ignored for a given period of time.

But in cases of alterations in transactions of completed blocks, the wallet will be slashed by 10% of the absolute value of the largest transaction within that block. This costly insurance will definitely deter cheats from toying with the protocol.

CONCLUSION

Based on the targeted transaction volume and number of users who use the protocol, the result will be near infinite in scaling. The new Helios

consensus mechanism is estimated to use 6000 to 9000 times less energy than Bitcoin PoW while maintaining still offering all the advantages of bitcoin. The Helios protocol will also support Ethereum based smart contracts and dApps. Which will effect faster adoption.

There will not be an ICO Instead, Helios protocol will distribute token to software developers and the community.

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