Two Benefits Of Helios Protocol Platform That Everyone Should Take Advantage Of

Welcome to the future of crypto currency everyone!! If you haven’t heard of Helios Protocol before then be sure to read this. Yeah, especially you bounty hunters. Ya’ll need to seriously stop in your tracks and look at what you just lucked into finding. Helios Protocol is a platform designed to have “individual user” scalable decentralized blockchains where dApps run off of smart contracts. Helios will resolve some of the problems that plague bitcoin and ethereum now. In this article, I’ll primarily focus on two of the essential benefits of using Helios. Transaction speed and Transaction Fees.

How many of you have tried to “hurry up” and send bitcoin or Ethereum somewhere quickly, but only to see your transaction completed several hours or a day later depending on how many people are trying to make transactions at the same time. Sucks right. What if I told you that with Helios, you wouldn’t have to worry about the blockchain bottleneck problem like that of bitcoin or ethereum. Helios is designed to eliminate any delay in transactions. Now pay attention. Each Helios wallet has its own blockchain that is designed to run scalable and you will never experience transaction delays even as the number of users grow and more wallets are generated. This means that your transaction will go through immediately and no other transactions at the time will have any effect on your transaction. Think of it like this: Say bitcoin and ethereum blockchains are like famous 5-star restaurants that always have a waiting list to get in and there are no reservations. If you want eat at the bitcoin restaurant, the place is full and the list is huge, and only the host/hostess will determine when you can dine. If you go decide to eat at the ethereum restaurant it’s the same scenario. However, in this restaurant you can always slip the host/hostess extra money to seat you ahead of others waiting in line. At the Helios restaurant, you have the entire restaurant and the entire staff to yourself. There is no line to wait in and there is no waiting between the time you order your food and the time you get your food. Oh, and I almost forgot, Helios is a 5-star restaurant with 1-star prices.

That being said, we will move on to lower transaction fees. On the ethereum blockchain, people drive up the fee price through the competitiveness of getting their transaction added to a block quicker than other user’s transactions. With Helios, there is no competitiveness to drive the fees higher. Helios Protocol can process transactions concurrently with each other due to all wallets having their own blockchain. Helios Protocol does not have PoW, which saves a substantial cost of nodes running. Instead the nodes in Helios Protocol communicate with other nodes in close proximity to constantly come to a consensus. This is the dipole consensus mechanism or “The Helios Consensus Mechanism.” The cost savings of the low rewards for Helios nodes, directly benefit the users of Helios by low transaction fees. Overall, there are many more benefits of Helios Protocol, but I’ll cover that information in upcoming articles. If this caught your attention please check out the Helios Protocol website: http://heliosprotocol.io/ or their whitepaper: http://heliosprotocol.io/files/HeliosTechnicalWhitepaperV0.1.pdf