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Real use case.

That was a quote from Uncle Ben to Peter Parker a.k.a. SpiderMan. Why did i quote this line? Because it is fit to picture this big project : Tolar HashNET! Great project comes from responsible and dedicated team. And this team make it happen.

Before i go any further, lets talk about HashNet. What is it? HashNet was defined by the team as ‘ scalable, fast, secure, fair decentralized beyond blockchain project, leveraging Distributed Ledger Technology (DLT) and consensus algorithm which keeps all positives characteristic of a blockchain technology while increasing throughput to more than 200,000 transaction per second’. Network is using Proof of Stakes with masternodes which use very low energy consumption.

You might be wondering why need such a massive number of transaction per second? Well the world today have being introduced to cryptocurrency. It is not like 10 years ago when the transaction was only 2/s using bitcoin. The world today need mass adoption in this rally world. And Tolar delivered it very well. Here is a few comparison table with other blockchain.

Based on CryptoDigest news, Masternodes can be simply put as Crypto full node (wallet) that support the network by hosting an entire copy of a coin ledger in real time. In return, rewards will be given to the masternodes in term of crypto coin. To be clear, masternode is use in Proof of Stakes while physical computer rigs using GPU were called Proof of Work to ‘mining’ and do the transaction. By having masternodes, fast transaction can be done with low power consumption. It also can increase the privacy of the transaction. I guess it is safe to say masternodes is a better alternative than rigs.

Is it really fast in real life or just in the paper? Well this demo video will remove your doubt about it. It was done June 28, 2018 in Zagreb (Croatia) with 11 masternodes sets up around the globe ( Europe, Southeast Asia, Australia, and West United States). Having said that the demo able to show around 130,000 transaction per second. It was claimed that before live demo, it reached up to around 150,000 transaction per second. The aim is till up to 200,000 transaction per second and i believe it can be delivered.

Here are some difference between Proof of Work and Proof of Stakes. It is better to summarized here as you will see lots of this term in crypto world.

Besides the adaptation characteristic as mentioned earlier, it will also use Governance system ‘Magnus Consilium’ which means the stakeholder and investor have the right to vote on proposal and throw their idea on the table to improvise HashNet network. It will be part of community in 2 ways which is Tender ( budgeting plan, every proposal will need majority vote to pass) and Proof of Stake ( user received interest based on number of coin they staked and duration of time coin stored if they decided to lock their coin). Tender will be selected if the solution meets the criteria like ;

There are much more benefit by implementing Tolar HashNet such as in;

By using Tolar platform, the data is safe and cannot be access without authorized. Patient records, private data and even medicine data can be secured by using Tolar platform. There are much more use case application. Can you think any? I’m sure you can and that means you understand and realized the importance and need of having this system.

To make your brand known, you must globalize your marketing. And that’s what the team being doing now aside from improvise the system. Starting to introduce Tolar officially in March 3, 2018 at Blockchain Adria Meetup in Zagreb, it was a big and memorable day for the team to introduce the Tolar project to the world.

They were actively travel around the globe to make the world know their product. Below is the schedule ;

July 21 — Kuala Lumpur and Seoul

July 26–27 — Singapore

July 28–29 — Bangkok

July 29 — Hanoi

July 29–30 — Bahrain

August 1 — Ho Chi Minh

August 3 — Seoul

August 5 — Tokyo

August 13 — Mauritius

August 15–16 — Toronto

August 26 — Taipei

August 28 — Singapore

You can see the World Tour timeline by Tolar here https://medium.com/tolar-hashnet/tolar-world-tour-diary-f9ab189310c0

During the World Tour, team have won in ;

Besides that, the team also won ICO Pitch Competition at Ian Balina’s Crypto World Tour in Budapest Hungary in June. Here was Ian Balina’s comment ;

How great is that? Based on the whole project portfolio, they sure deserved it! Congratulation Tolar Team!

Here you can see roadmap of the project.

Tolar is undergoing presale now till end of August. The ICO will be on September 15, 2018 GMT 14:00 till September 20, 2018 GMT 14:00 or before if hardcap (45,000 ETH)is reached.

Token Economics

Token : Tolar (TOL)

1ETH : 6893.94 TOL (ICO). *Can check their whitepaper for more details.

Soft Cap : 20,000 ETH (reached)

Hard Cap : 45,000 ETH

Total supply : 1,000,000,000 Tolar

The team has made this technology become reality. It can only be done by having team spirit and believe in each other. Each of the team are as much as important to make this platform happened.

There was 8 foundation board, 8 HashNET Tech, 8 HashNET Bizz and 13 advisor board that makes a great team! Great project comes from great team.

Not enough to gain your trust that this is awesome project? Here are some rating that will remove your doubt!

Thank you for finishing the reading. Hope you guys got the information you need. Let us give full support to Tolar team.

For more detailed information, you can click below;

Bounty0x username : amir8692

*Disclaimer : This article was created in exchange for a potential token reward through Bounty0x.

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