Yes, we planned about a post about the High Performance Blockchain since months, as we think it is an amazing project with huge upside. However, crypto space is so full of amazing topics you can’t write about all in time. Our friends of CryptoMedics helped out and allowed us to post this piece, which gives a good entrance to HPB and has provides a glance on great upcoming fundamentals for this coin.
HPB is high powered blockchain using parallel processing. It is called “the Chinese EOS” but the major difference is they will be using accelerating hardware chips as well.
This is truly one of the most innovative projects in the crypto world. They intend to combine software with accelerated hardware to significantly improve ease of use and speed of data transfer and access. They will be able to do 1,000,000+ transactions per second. The software will be open source.
Their market is the huge companies and industry that use large amounts of data: Baidu, Alibaba, Tencent – these are absolutely massive Chinese companies. Baidu is their Google, Alibaba multinational e-commerce, retail, Internet, AI, and technology conglomerate. It’s the fourth most visited site in the world after Google, Youtube, and Facebook. Other target markets include the IOT, financial industry (UnionPay in partnerships), medical industry, governments and supply chains. Absolutely huge, multibillion-dollar industries with enormous amounts of data being transferred every second all over the country and world. The goal is to make it easier to use and speed up the data transfer and transactions.
The founder is Wang Xiao Ming. He’s been an early blockchain innovator in China for years and has written three books on blockchain technology and spoken at multiple crypto/blockchain events. He’s been connected with NEO since day one. The rest of the team has been assembled from Huawei, Intel and other major Chinese companies.
Advisors include the executive president of UnionPay, a noble prize winning physicist, and the president of the very successful Dongfang Fuhua Fund.
Investors include NEO (this alone should get you interested), TimeStamp Capital (Major Chinese investment), Lei Zhen (founder of OKcoin), and more.
Partnerships
This is the exciting part. First, they are partnered and work closely with NEO. It will be the first blockchain in the industry to support NeoVM (NEO Virtual Machine).
The second major partnership is UnionPay. This is massive. They do 80% of all Chinese transaction data, which equals out to a turnover of $12.5 TRILLION(!) per year. To help visualize that, they are bigger than Visa and Mastercard combined. Imagine hearing a coin is working with those two companies directly. This is one of the biggest partnerships ever in cryptocurrency.
They also have more high-value partnerships that have not been announced yet. After partnering with UnionPay, they will have no issues making further partnerships, that’s how big UnionPay is.
Upcoming News
Q1 – CEO will attend Blockchain Connect Conference in San Francisco Jan 26th.
Q1 – HPB Testnet Launch!
Q2 – HPB Mainnet Launch!
Exchange: KuCoin
Website: http://www.gxn.io/
This article about HPB – The High Perfomance Blockchain – has been provided by Cryptomedics. Check out their free channel here and their full review here.
The post Throwing some Eyeballs on HPB – The High Performance Blockchain appeared first on Smart Options.
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