People riding the crypto-coaster, hoping for a long awaited slope upwards

Let’s take a rest from the wild ride we are all facing these days to reflect from the past and think about the future. The following article reflects my personal opinion on this. For the lazy, a bounty valued $110 to $275 is linked at the end.

Bitcoin was invented and developed by Satoshi Nakamoto back in 2009. The ideas behind this “crypto-currency” were revolutionary: A blockchain, fully transparent and private, safe, immutable to change or alteration from any third party. It has risen from $0.30 in 2011 to over $20,000 in January 2018. Since then, it has sharply declined to $6,000, and is struggling to return back to its ATH.

One of the main issues with Bitcoin are its lack of efficiency regarding transaction speed and cost. It consumes an absurd amount of electricity in a time of raising concerns on global warming and pollution. When performing a transaction, the order is sent to the network, and miners are tasked to verify the validity of the transaction. This system is very fair (first come first serve), but is highly inefficient. Bitcoin is limited to 7–8 transaction per second, so it is very easily congested. I like to call it “Crypto 1.0”.

Bitcoin Transaction Queue is processed on the basis of ‘First come, First serve”

In 2015, Vitalik Buterin released the Ethereum platform. This platform and its token added another layer of functionality on the top of the Bitcoin technology, with smart contracts. This revolutionary technology allowed the emergence of ERC-20 tokens — Tokens based on the Ethereum platform but programmed to follow their own smart contracts — and DApps — Applications on the Ethereum platform. Games like Cryptokitties, Cryptocountries and decentralized exchange IDEX are based on the Ethereum platform. The Ethereum platform also became the platform-to-go for new Initial Coin Offerings.

The boom in the number of ICOs in 2017 led to a sharp increase of price in the Ethereum token, necessary to purchase ERC-20 tokens. The ATH was reached in January 2018 at about $1,400. It is now — August 2018 — struggling at $300.

Even though the Ethereum platform has more functionalities than Bitcoin, it also suffers from lack speed and efficiency. To improve its scalability, an additional miner incentive was created by requesting GAS for a transaction: When sending token, the sender is requested for a gas limit and gas price. This GAS is similar to a network fee, which goes to the miners in the network. I like to call Ethereum the “crypto 2.0”.

Ethereum Transaction Queue — The miners will choose the highest price to process a transaction

As of now, both Bitcoin and Ethereum dipped and are struggling at 20–30% of their ATH from January 2018. Thousands of predictions of a Bullish Market Incoming have failed so far. However, There is hope.

On the political and financial sides, more and more countries are opening up to crypto-currencies, and institutional investors are slowly but surely investing as well thanks to welcome regulations.

On the technology side, there does not seem to be any crypto-platform or token able to compete with traditional solutions in terms of scalability, or speed…

… until The Helios Protocol.

In a few key words, the Helios Protocol is:

infinitely scalable: each wallet has its own blockchain, and all transactions are processed only on their respective blockchains (sender and receiver). This allows for parallel transactions and much faster, cheaper and scalable network

Helios Transaction Queue — Helios consensus + Parallel transactions means much more efficient network

Ethereum compatible: It will be based on the same language as Ethereum — Solidity — to maximize compatibility with exisiting Ethereum DApps

Green: the Helios consensus mechanism is fast, efficient, and does not requires mining

Fully decentralized: All ICO are subject to centralization of the tokens. Whale investors can (and WILL) gather a large amount of tokens, and there is always a risk to have whales gathering enough to represent 51% or more of the network (see EOS). To ensure maximal decentralization, the Helios developers are distributing the tokens through bounties and rewards, and airdrops. See at the end for links.

I like to call the Helios Protocol the “Crypto 3.0”. It can unleash the true potential of the blockchain technologies, so far limited by scalability, and can become a one-stop-solution for all blockchain DApps in the future.

Somehow, the hype cycle is fitting the crypto prices perfectly. Will Helios be our “Slope of Enlightenment”?

The testnet release in November 2018 will be a great showcase of what the future holds for us, and the mainnet is planned to be released in February 2019. This is in 6 months only.

I strongly invite every readers to share this article, join the community and spread the word about Helios, for the benefit of all of us in the near future. The team is very active on the discord server, so everyone is welcome to join and chat, anytime.

Discord server: https://discord.gg/M6GH37P

Website: https://heliosprotocol.io

Twitter Official: https://twitter.com/HeliosPlatform

1000–2500 HLS DApp Bounty Program: https://t.co/5O8eTHvY88 (valued $110 to $275)

Weekly airdrops 100 HLS valued $10 : https://t.co/TluDyC6a7n

My Ethereum wallet address: 0x6606040C69FED07D37ED474E71D307DC30Ea4d7d