HetaChain - A Third Generation Blockchain Platform

HETACHAIN is a super-fast DPoS + BFT hybrid blockchain network focused on addressing the age-long scalability dilemma and pushing forth a truly democratically governed platform built for industry scale transactions while also uniquely designed for private users. With its array of features integrating a blend of public and individual adoption-focused design through a multi-chain system, users can use HETACHAIN for both public and private blockchain preference.

The HETACHAIN ecosystem consists of smart contracts, Hetacoin, hot and cold Heta Wallets, Heta App Store, Blockchain feature-enablers and comprehensive solutions that enhance its applicability in smart banking, healthcare, e-commerce, trade, telecommunications, data management, investment, cash exchange, and remittance.

Network congestion, slow transactions, high network fees, and high-energy consumption have become synonymous with 1st and 2nd Generation Blockchain technology. HETACHAIN’s 3rd Generation Blockchain Technology addresses these by solving the problems of scalability, increased transactions per second and energy efficiency, and bringing Blockchain technology closer to mass adoption.

Hetachain is an advance, high- performance blockchain 3.0 built with industrial scale computational capabilities that immutably allows users to deploy decentralized applications devoid of censorship, fraud, downtime or third party incurred costs. It's laden with the ability to operate on a full commercial basis focussed on ushering the world into the next Industrial Revolution 4.0.

• Scalable
  HetaChain possesses the capacity to process thousands of commercial scale Dapps transactions in inter-blockchain communication
• Secure
  HetaChain runs a secure and efficient consensus protocol using DPoS and BFT hybrid consensus algorithm. In this way, HetaChain is secured against an array of cyberattacks and other malicious threats which has pushed forth a decentralized system of storing and sharing data which is crucial in the prevalent technological space.
• Flexible
  HetaChain's flexibility is achieved through ability to freeze and fix broken applications with generalized role-based permissions.
• Fast
  HetaChain's unique technology allows for fast transactions approval (TPS) without the risk of downtime. It is built to adequately cater for a high throughput which is one of the commercial attributes of a new generation network addressing the shortcomings of the other existing blockchains

Heta Protocol - Multichain Platform
To communicate between private chains and main chain of the Heta blockchain system, we provide Bridge Protocol geared towards helping private chains summit their data to main chain for validation. Actually, each private chain needs to pay usage fee (via HETA coin) when using. Private chain will pay an amount of HETA coins in order to issue transactions. This fee is configurable depending on volume of usage.
Cryptography Algorithms
Use ECDSA (Elliptic Curve Digital Signature Algorithm) with secp256k1’s curve for public-private cryptography. The private key is a random 256 bit data.

The HETA address associated with this private key is the last 160 bit of the SHA3-256(Keccak) hash of the public key.

• Global Reach
  HetaChain's unrivaled uniqueness is accessible by everyone from any corner of the world, offering the next generation of transformative technologies to the global economies.
  Business Optimization
• HetaChain develops an ecosystem that acts as a hub to portfolio companies to smartly unleash their potential through its state of the art technological outputs, offering rich expertise and insights for real-time decision making.
• Partnership
  HetaChain has connected founders in all markets with local investors thanks to our strategic partners with worldwide venture leaders.

HETA Token

Heta, an internal crypto-currency to use inside MainChain. Heta is used by enterprise or user who using Heta Blockchain Service to pay "usage fee”.
We propose these ways of using Heta.

When a user creates a transaction to exchange their coins or token made by Heta, he must pay a pre-defined a mount of Heta. This is also called Transaction Fee. This mandatory fee is what makes Heta has real value to the system. It also prevents merchants to flood the network with unlimited micro transactions.

When a user participates in the consensus or validation process of a PrivateChain or MainChain, he should be rewarded with a certain amount of Heta. This is also called Endorsing Reward. The rate of consensus reward should depends on how much effort the participant spends in the process.

Projection Timeline & Roadmap
Q1 & Q2 - 2018
Designing HetaChain
Writting Whitepaper

Q2 & Q3 - 2018
Mainchain development
UI display blockchain data
Wallet demo
HetaChain ICO event
HetaChain ICO private sale

Q4 - 2018
HetaChain block explorer demo
HetaChain test net (test version)
HetaChain ICO public sale starting
Listing HETA token on exchange
Privatechain development

Q1 - 2019
Web portal release
Dapp development
Smart contract development
Wallet update (multi-Token)
HetaChain test net launch

Q2- 2019
Prebuilt Dapp
Auto create Dapp
HETA fee calculation portal
HetaChain block explorer(update)
HetaChain mainnet (test version)

Q3 - 2019
Heta
HetaChain mainnet launch

Team & Advisor

Conclusion
Well, Blockchain 3.0 should address exactly the following issues: scalability, interoperability, privacy, governance and sustainability. What Hetachain is trying to achieve is actually hang with the actual high rollers of Blockchain 3.0: Eos, Cardano, Zilliqa, ArcBlock and Aion. Let's say it will be at least hard for them to challenge the above competition, but nevertheless not impossible. I consider the soft and hard caps kind of exaggerated, however the project is ambitious and will definitely need the funds to hire developers, servers, office buildings, as well as develop hardware, as they have it all in the roadmap.
What I am not a big fan of is also the country the project is registered in: Cayman Islands. I believe Switzerland would have provided more credibility for such an ambitious project.
What I like: well thought project, detailed whitepaper, nice website and it can be seen that overall this is not a cheap project - money have been invested so far, so it is a sign that investors understand that in order to raise money, you must first invest some money.
Please note this is not financial advice, but I think this project will either be a huge success, either a major fail. I don't see a middle path for it.
As a fun fact, I think the presentation video might be the most bass-heavy ICO video I've ever seen. This is a sign that it actually cost a lot of money, as it is "too" professional and contains a lot of movie style clichees. But still, it means that the team is serious about it and cuts no expenses.