HashNET is a scalable, fast, secure, and fair decentralized- beyond blockchain project, leveraging Distributed Ledger Technology (DLT) and consensus algorithm which keeps all positive characteristics of a blockchain technology while increasing throughput to more than 200,000 transactions per second. Network is using Proof-of-Stake with masternodes, which eliminates the need for a massive energy consumption. Source: Tolar.io

First of all, I can affirm this feature is important no less than the 200000 TPS number that Tolar announced they could achieve. Please allow me to explain my opinion.

The first, we back to the basic purpose of full-nodes. The basic purpose of full-nodes is to preserve the integrity of the blockchain network. An entire blockchain history can be preserved by just one node running anywhere in the world. So, the blockchain network is extremely resilient in case of hacking, power failures … When there are thousands of copies of a blockchain scattered all over the world, try to delete every single copy is basically meaningless; It can not be done. Because of that, the more nodes there are, the more secure the network is.

Furthermore, except for bitcoin and ethereum with huge full-nodes, other blockchain networks are having the same problem. They’re too hard to expanding their full-node numbers. This makes many blockchain networks vulnerable to hacking, and so forth.

Although possessing the huge number of full-nodes, bitcoin and ethereum can still be very vulnerable. Since bitcoin and ethereum using the POW algorithm require a lot of computing power, the cost of building and maintaining nodes on bitcoin and ethereum networks is expensive. This causes the number of nodes on the bitcoin and ethereum network can be drop when people do not have enough money to maintain the node. And, the network will be very vulnerable.

Back to Tolar, imagine being able to run a full-node even on a smartphone can give Tolar hundreds of millions of full-nodes quickly. By that way, the problem of the number of full-nodes that any blockchain has to deal with is resolved. Also, the use of POS instead POW algorithm helps maintain the cost of the network nodes is greatly reduced. Maintaining the network is much easier. Finally, this not only does it offer amazingly scalable capabilities, it also makes Tolar’s more decentralized, more safe and secure.

Of course, to get this great feature comes to the great solution from Tolar HashNET, which reduces the storage capacity of a full-node to just a few megabytes and it even allows smartphones to run as full-nodes. In addition, using the POS algorithm to reduce the amount of power consumed also makes it possible to run as full node even on a smartphone. However, Have an obstacle to making this’s an so amazing feature to be possible. That’s the problem with the bandwidth required to run a full-nodes. As we all know, the phone is a compact and mobile device, but it also has a lot of barriers in terms of the stability of internet bandwidth. In contrast, a full-node requires a stable internet connection, satisfying the minimum system requirements. Until now, there are not many Tolar documents describing this issue. So, this could be a significant obstacle that the Tolar team will have to deal with in the future.

However, with me this is an so amazing feature. And you, What is your opinion?

For more infomation, visit:

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

Whitepaper: https://tolar.io/wp-content/uploads/2018/06/HashNET_whitepaper_v03.pdf

Bounty0x username: ltdr

“This article was created in exchange for a potential token reward through Bounty0x”