The technological philosophy underpinning Hdac is to dramatically improve payment environments in daily: contracts, settlements, loans, investments, taxes and utility bills should all be seamless and easy transactions. In addition, we believe it will be possible, using our technology, to promote reasonable consumption and accurate, smart management for all communication and utility expenditures. A designated owner in particularly does not exist in the Hdac network. The Hdac platform can be updated by the developer when there is an agreement by the majority of the nodes. However, Hdac is controlled by all participants in the transaction
The most attractive attributes of the IoT are that it enables devices to be both smart and connected. Devices that were not created for use on the blockchain will be neither smart nor connected, and all the threats and vulnerabilities that may occur in the existing Internet environment can be inherited. Meanwhile, apart from the security vulnerability due to external infringement, data collected in real time on an Internet-based service can lead to the invasion of privacy, and connection without security may be a social disaster. It is necessary that the basis of this hyper-connected society is able to contract and operate between a reliable P2P network system and the IoT devices we will be relying on everyday. Based on this, it has the capacity to evolve into a network that can support an ultra-advanced micropayment system which can function securely, reliably, and independently with customizable inputs from users.
Hdac blockchain is based on the PoW method as a public blockchain. It also supports the mining method for a trust-based private blockchain: a trust-based consensus algorithm for a permissioned blockchain.
Here, the task of creating a block is referred to as “mining,” and the nodes participating in mining are referred to as “miners” or “mining persons.” When an Hdac transaction begins, it broadcasts to the miners informing them about the transaction and encouraging participation. Miners then perform arithmetic calculations to verify the generated block. The consensus algorithm of blockchain includes PoW, proof of stake [PoS], and delegate proof of state [DPoS]. Such a consensus algorithm determines those who will generate a block through performing a calculation process that takes a certain amount of time amongst numerous participants.
Hdac uses ePoW as a consensus algorithm for creating new blocks and connecting them to the blockchain. ePoW refers to “PoW based on equitable chance and energy-saving.” The Hdac algorithm considers these two as its basic philosophy.
The ePoW consensus algorithm can reduce the number of nodes participating in PoW and motivates the participation of multiple mining nodes. As a result, we intend to prevent energy waste due to excessive hashing power for mining competition and distribute equitable mining opportunities.
- Token: DAC
- Supply: 12,000,000,000
- Accepting: (BTC, ETH)
- 0.1BTC = 1,800DAC