[PRE-ANN] HEAT: 3.0 crypto*multisig fiat*a2a hft*1000tps*DSA*PoS+PoP*e2ee chat



  • HEAT Ledger Ltd, a Finland-based Fintech startup, is launching a 3rd generation crypto platform coined H.E.A.T.

    http://heatledger.com

    https://bitcointalk.org/index.php?topic=1543991.0

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    What makes HEAT 3rd generation?

    H.E.A.T. Ledger stands for Heuristically Enhanced Asynchronous Transactions Ledger, embodying a completely new way of structuring cryptocurrency and peer-to-peer decentralized asset ledger. Optimized for speed and architected in enterprise friendly Java for custom private chains, HEAT slices the currently used blockchain database technology to modular components and readily provides flexibly scalable server side technology for corporate needs of any size.

    UNLIMITED SCALABILITY

    HEAT's unbounded vertical scalability is only limited by the performance of the hardware used. Utilizing not a single blockchain, but a chain of blockchains - and removing embedded databases through the use of off-heap memory mapped binary files, the HEAT blockchain is able to sustain transaction throughput of at least 1000 tps 24/7. On our internal tests the HEAT JVM has been capable of achieving an unbelievable rate of several millions of updates per second on commonly available 16-core server.

    DIRECT CRYPTO TRADING

    Because the HEAT client hosts client side real crypto, integrated to the HEAT blockchain asset exchange through built-in invisible gateway, users can trade cryptocurrencies right from their wallet on p2p orderbooks without going through an exchange. This means that once your trade for ie. BTC/ETH goes through, you can use the BTC or ETH as you do normally. Bye bye withdrawal delays! Welcome multicurrency client and native direct exchange!

    LICENSED MULTISIG FIAT WALLET

    The unique HEAT crypto client provides access to major cryptocurrencies including BTC, ETH, FIMK and NXT. It also allows creation, transfer and trade of any custom assets created by operators of any size. Having multi-sig for currencies whose tech is capable of such - the client thus supports fiat money accounts secured with multi-sig private keys. HEAT Ledger Ltd has joint venture agreements in place with EU wide money transmitter license pending, making the prospect of transferring real fiat money in a cryptographic ledger a reality. One of the first, if not THE first - but certainly the first multi-sig fiat!

    SMALLER BLOCK FILES HASH-CHAINED

    Splitting blockchain into separate files for homogenous data types such as unconfirmed and confirmed balances, unconfirmed and confirmed asset buy and sell orders etc. makes HEAT able to function on many levels of node involvement. No longer does each user need to host the full blockchain - they can store just one or more of the sliced block files that are chained together in torrent-like manner to form a cryptographically secure, full blockchain. And of course they can opt for thin clients with either standalone app or web browser, no server software running at all.

    HYBRID BLOCK REWARDS

    For its block rewards granted every 25 secs in average, HEAT uses twin system: half of the block reward comes from traditional PoS (Proof-of-Stake) algorithm, while the other half is granted on PoP (Proof-of-Presence) basis for nodes that host the block files online. The HEAT algorithm monitors the presence of block slice files, and assigns higher probability for slices that have a smaller number of copies online. That way any discrepancy arising in the relative number of different block files is attenuated.

    DISTRIBUTED SERVICES ARCHITECTURE

    HEAT doesn't provide smart contracts as such - but it provides something we think is better; Distributed Services Architecture. DSA is HEAT's answer to blockchain based applications. What we have created is a stateful interactive communication protocol much like the HTTP protocol that is in use today for the web. This allows anyone in the world to write an application in a language supported by the JVM script engine (Java, JavaScript) and have the distributed app serve clients interactively using the blockchain as (encrypted) distributed state full memory space. Supporting Java, this is a never before seen feature on open source blockchains.

    RUNDOWN OF HEAT HIGHLIGHTS (some items repeated for clarity)

    1. Technology to be used has been 5 man-years in the making
      a. Written in enterprise friendly Java
      b. Cryptography and p2p consensus code based on MIT licensed NXT
      c. Networking layers and many features based on FIMK development
      d. Architected with re-use for private chains
      e. Optimized for speed and instant [b]high frequency trading[/b]
      f. Massively scalable through the use of not one single blockchain, but a chain of blockchains
      g. Completely remade HTML5 client / downloadable / app

    2. New memory mapped OS binary file sliced blockchain structure without db overhead

    3. Splitting balance storage from transactions and blocks

    4. Transaction throughput rate initially in the 1000 tps scale on legacy hardware

    5. Unlimited scalability depending on node hardware: Boost rates of 10k+ tps on standard 4-core Linux server

    6. 25-second blocks, instant tx confirmations through websockets and replication layer

    7. Regular client startups are near instant since all that has to be loaded are the balance files (~1/10,000 the size of full blockchain)

    8. High frequency trading enabling instant matching of 1k+ trades per second stable

    9. 2-tier reward structure: Proof-Of-Stake and Proof-Of-Presence (Online storage of blockchain slice files)

    10. Distributed Services Architecture (blockchain software robots, Javascript and Java)

    11. Thin client: Home users don't need to carry blockchain files but get rewarded to do so

    12. Replication layer: Vendor independent replicated database integration for corporate full node operators

    13. Remade, smarter networking protocol uses binary messages - on request basis only - between peers

    14. Non-blocking asynchronous websocket connections over Netty (Facebook, Twitter) enables high number of peer connections

    15. Offline smart vouchers (fully signed transactions that can be sent to the blockchain by anyone.)

    16. PIN protected account access to local wallet.dat, with secret phrase brain wallet backup

    17. Native A2A (asset to asset) custom tokens exchange with option for native non-gateway BTC price base

    18. Multicurrency crypto client enabling non-gateway direct crypto transfer

    19. Built-in non-gateway (direct real crypto) p2p exchange for client supported crypto

    20. Custom tokens, private tokens, colored accounts and white label software cloning readiness

    21. Multisig for FIAT currency tokens and several main target use cases:
      a. Simply value adding feature for the crypto client user security
      b. Facilitating implementation of p2p live crypto trading (asset exchange tokens auto match multisig real crypto)
      c. Enabling crowdfunding security and direct intake of funds (also “real” gated EUR, USD that have multisig security)
      d. Unique sales point: Multisig Fiat currency

    22. Crowdfunding / IPO capabilities heavily emphasized:
      a. Readily on-blockchain for DIY agile companies / geeks
      b. Licensed fintech corporate partner for turnkey crowdfunding service
      c. Cloned source / white label installation

    23. Unique, private human defined identifiers (email account format)

    24. Off-blockchain instant E2EE (end-to-end encrypted) P2P messaging

    25. Decentralized web shops with instant EUR payments (/pricing in any token)

    26. Major licensed corporate partners in crowdfunding, fiat currency token transfer and BTC exchange areas

    27. ICO tokens reward stock options for startup company IPO shares at lower price later in 2016

    28. ICO runs from July 11th 2016 through August 8th 2016. Currencies accepted: BTC, ETH, FIMK, NXT.

    TOKEN DISTRIBUTION

    HEAT Genesis block's preliminary release date is September 5th 2016. Before that there will be an alpha client and a testnet available in August.

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    ICO PHASE GENERAL INFO

    For launching the HEAT cryptocurrency in September 2016, HEAT Ledger Ltd arranges Initial Coin Offering investment opportunity for the public between July 11th midday GMT and August 8th 2016 midnight GMT.

    • 25 million HEAT tokens will be distributed to investors & stakeholders on pro rata basis.

    If ICO is not fully reserved, 1 000 000 HEAT are locked up as an incentive and released for development crew after 1 250 000 blocks (1 year) from genesis. If ICO is fully reserved, a minimum of 500 000 HEAT will be purchased for the development crew from market by the ICO BTC funds after ICO closure.

    ICO PRICING DETAILS

    HEAT credits can be reserved either through escrow agents (described in the next section) or by paying a freely chosen amount of cryptocurrency to a designated BTC / FIMK / ETH /NXT account listed on the HEAT web site at http://heatledger.com/ico. Credits purchased through all of the channels are synchronized bona fide real time, and collected at the end of the ICO period to form the total reservation amount for final stake calculations. Each HEAT credit entitles to a portion of the full 25 Million HEAT token stack in pro rata basis. ie. if the full 25 Million HEAT are reserved, each credit will receive 1 HEAT. If less than 25M HEAT are reserved, each credit will receive more than 1 HEAT. HEAT Ledger Ltd reserves the right to either increase the total number of HEAT tokens released, or the proportion of ICO credits relative to HEAT tokens in case there are more than 25M credits reserved during ICO.

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    ESCROWS AND TRADING

    HEAT credits can be reserved from the following sites:

    http://heatledger.com/ico
    http://blog.openledger.info/2016/07/08/how-to-subscribe-to-ico-prelaunch-on-openledger/
    https://c-cex.com
    http://fitcoin.fi

    THE CROWDFUNDING CRAZE

    While HEAT uses crowdfunding services from partners and arranges one on its own during the ICO, significant emphasis will be put on facilitating crowdfunding for large and small companies through the HEAT Ledger blockchain itself. With HEAT, every businessman and his mother will be able to have their own blockchain application to crowdfund projects!

    HEAT Ledger Ltd assists companies and projects to obtain crowdfunding via the decentralized open source HEAT Ledger through consultation and partnership. We aim to have at least 2 to 3 external companies to accompany the launch of HEAT Ledger Proper through their own funding proposal (IPO, other crowdfunding investment) on the HEAT Asset Exchange custom crowdfunding UI - accessible from the HEAT wallet.

    IPO STOCK OPTIONS FOR HEAT TOKENS

    Heat Ledger Ltd will arrange Initial Public Offering of stock equity in late 2016. 50 000 - 80 000 new company shares will be released to constitute 20% - 25% of total company equity, in order to raise between 500k to 1.5M EUR funding to further develop company operations. HEAT token holders who participate in round 1 ICO and hold their tokens will receive options that entitle for 50% minimum rebate from IPO share price.

    CALL TO ACTION FOR DEVELOPERS AND MARKETERS

    HEAT Ledger is an ambitious business project initiated by a small, experienced and skilled team of professionals hardened in a rough set of challenges previously. Our goal is to provide not only prosperity for the HEAT founders and investors, but also long-lasting value for the society by leveraging our innovations and know-how to further the evolution of financial technology towards more effective modes of operation.

    We invite enthusiastic people to join the HEAT startup team. With time we'll need online marketers, sales specialists, local ambassadors, skilled java programmers and especially front-end coders. Please contact us to let us hear about your skills that the world could make good use of through your participation in HEAT.

    Soon... The HEAT is ON!



  • HEAT looks interesting. For those of you who are interested in ICOs, you could check out the site http://www.icocountdown.com/. On that site they present an overview over many of them, so that you can look them up and do some research before investing or not. I believe HEAT will be added there soon as well.



  • Is the HEAT ledger project a tribute to Heath Ledger?



  • @Propagandalf said:

    Is the HEAT ledger project a tribute to Heath Ledger?

    Nope, name similarity is unintentional.

    (Still, he should get his own cryptoplatform -- a tribute to the best darn Joker EVER!!! -- R.I.P. Heath)





  • what is HEAT??????



  • @burstcoinPT
    It is a project that is unrelated to Burst, hence it is in the 'off topic' section. If you are interested in learning about HEAT, visit
    http://heatledger.com/ico.htm and https://bitcointalk.org/index.php?topic=1543991. They have launched an Initial Coin Offering (ICO), which enables people to invest in their project at an early stage, often before the main project milestones have been reached. Read about ICOs here: http://www.smithandcrown.com/what-is-an-ico/.



  • @Propagandalf
    I understand, I prefer even keep all my feeling in burstcoin, I believe really that burstcoin will appreciate significantly in coming years, as with the bitcoin ... It will be very very good when we reach-$ 1 for every burst, and I seriously believe that this day will come



  • @burstcoinPT
    HEAT is a new crypto platform and business venture. This coin ICO is just the beginning of the registered fintech startup. Most discussion is at https://bitcointalk.org/index.php?topic=1543991.0

    Burst and HEAT share a common p2p framework (based on NXT). And just as Burst builds new features upon this NXT core, HEAT adds its own set of impressive features. Among those is a sliced-blockchain and other technologies which improve scalability to levels not yet seen in crypto.

    One of the features which may be most interesting to Burst users is a reward system deemed ‘Proof-of-Presence’. This will reward node operators who host slices of the blockchain. Read about it here: https://bitcointalk.org/index.php?topic=1543991.msg15522831#msg15522831

    Thanks for your interest!



  • @HEAT.kani said in [PRE-ANN] HEAT: 3.0 crypto*multisig fiat*a2a hft*1000tps*DSA*PoS+PoP*e2ee chat:

    Burst and HEAT share a common p2p framework (based on NXT). And just as Burst builds new features upon this NXT core, HEAT adds its own set of impressive features. Among those is a sliced-blockchain and other technologies which improve scalability to levels not yet seen in crypto.
    One of the features which may be most interesting to Burst users is a reward system deemed ‘Proof-of-Presence’. This will reward node operators who host slices of the blockchain. Read about it here: https://bitcointalk.org/index.php?topic=1543991.msg15522831#msg15522831

    @administrators Just wanted to tag the admins/devs in case you hadn't seen this, as it might be of interest to Burst.



  • Just here to open up discussion about HEAT, a generation 3.0 cryptocurrency. It features innovation never seen before all together in one package.

    Scalability: 1000 transactions per second to 100 000 TPS

    Direct Crypto Trading - An Asset to Asset Exchange, with cryptocurreny gateway support, for decentralized p2p cryptocurrency trading.

    Hybrid Block Rewards - Proof of Stake and Proof of Persistence (which involves saving files on the HD)

    Distributed Services - HEAT's version of Dapps, which can be npm packages and written in Java/Javascript.

    Offline Smart Vouchers - Fully signed transactions that can be sent to the blockchain by anyone.

    ...and much more :)

    Check out the OP on bitcointalk: https://bitcointalk.org/index.php?topic=1543991.0 Company Website: http://heatledger.com



  • "In preparations for HEAT launch, Alcurex adjusted the 1.50x HEAT token multiplier yesterday Jan 17th.

    Openledger 1.50x adjustment is imminent at 14.00 CET today. Buy one HEAT now, have 1.5 HEAT in 2 hours

    https://bitshares.openledger.info/?#/market/OPEN.HEAT_OPEN.BTC

    C-CEX adjustment is still pending until further info."

    1.5x multiplier is being added to the pre-trading exchanges. This was due to not all coins being bought in ICO, so all holders got the rest distributed.



  • HEAT has officially launched main network! https://heatwallet.com is the webwallet.
    Server for forging very soon is here: https://github.com/Heat-Ledger-Ltd/heatledger/releases

    Blocks are stabilizing, More updates will come :)



  • A new client + server release with simpler forging settings and a2a markets (escrow ops possible) coming soon.
    https://bitcointalk.org/index.php?topic=1543991.msg17650403#msg17650403



  • @proto don't you think that decent wallet have to be made before launching?



  • @rnahlawi There is a web wallet available right on launch. Fully functional, extensive api available: heatwallet.com/api

    The current client ui can be run optop of the server locally. (some users on slack have done this from what I heard). The network itself is the current priority for stability. Forging rewards have been active since block 4321.

    Status of the network can be seen here: https://heatwallet.com/status2.cgi
    As I write this there is 58 peers, A good start for the young network.

    There will be local wallet + server client for GUI forging and running a node soon.

    There has been an update for anyone forging, to upgrade optionally (but advised) to 0.9.2: https://github.com/Heat-Ledger-Ltd/heatledger/releases



  • @proto well, I tried the UI wallet and knew later its still connected to testnet, Tried Server which doesn't have any documentation and wallet never got connected to server and webwallet creates unknown accounts.
    I liked the idea and would love to support, but you guys need equal effort for documenting while you code to have better community and more success.



  • @rnahlawi said in [PRE-ANN] HEAT: 3.0 crypto*multisig fiat*a2a hft*1000tps*DSA*PoS+PoP*e2ee chat:

    @proto well, I tried the UI wallet and knew later its still connected to testnet, Tried Server which doesn't have any documentation and wallet never got connected to server and webwallet creates unknown accounts.
    I liked the idea and would love to support, but you guys need equal effort for documenting while you code to have better community and more success.

    Sorry for the delay...things are coming up fresh and stable.
    HEAT is very much alive.

    HEAT has been selected to do a pilot project with ABN AMRO bank ;)
    https://bitcointalk.org/index.php?topic=1543991.msg18468579#msg18468579

    Forging coming back online in a couple days, and asset exchange has vast majority volume ;)



  • Detailed technical and conceptual update:

    https://bitcointalk.org/index.php?topic=1543991.msg18500671#msg18500671

    Notably, it includes the planned HEAT Microservices to be quickly in the pipeline. This will allow anyone to implement BaaS on the blockchain.
    Also:

    • Completion of the possibly highly lucrative bank co-op project
    • Streamlined general corporate solution deployment model, and
    • Considerable feature enhancement for the public HEAT blockchain


  • Forging rewards are now active on the HEAT blockchain.
    A guide to forge using a VPS is here:
    http://heatnodes.org/heatnodes.pdf

    Profit calculator can be seen at:
    heatpool.xyz

    Basic Forging report is here:
    https://heatbrowser.com/report.html

    :D


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