What is a high performance blockchain

There is a growing need for faster and better blockchain solutions. As we have seen in the past using the main cryptocurrency, the scalability of the blockchain has proven to be very problematic. The high-performance blockchain claims that this will alleviate most of these concerns in the coming months. With a novel hardware and software architecture, the project of course takes a different approach. Now is a good time to explore whether this project has long-term potential.

What is a high performance blockchain?

From the outset, the concept of high-performance blockchains dealing with scalability from a completely different perspective is obvious. The project does not focus solely on the software aspects of things, but on hardware issues. In order to achieve the best performance of blockchain applications, things will change in the near future. As a result, the team is building an architecture that uses thousands of CPU and FPGA resources to create more features and a scalable ecosystem.

But how does it work in real life?

There are several aspects to consider for a high performance blockchain project. First, the chip-level acceleration engine provides an accelerated hardware chip to power the entire ecosystem. Second, the software side of the high-performance blockchain integrates with the new dedicated hardware acceleration engine and focuses on depth and extended customization. Third, the project claims that it can generate throughput in millions of transactions without any major problems.

Although this sounds quite amazing, it is difficult to get any real information on the technical aspects of the hardware or software of the high-performance blockchain. While the team is primarily focused on blockchain integration to deal with real-world business cases, it remains to be seen how their chips will operate and how to create algorithms. It seems that the high-performance blockchain project is closely linked to the NEO infrastructure and can introduce some interesting developments.

The high-performance blockchain project also seems to have its own currency, HPB. As of now, the total supply is 100 million coins and 22.216 million coins. It will be interesting to see the future of this currency. But so far, there is no clear use case for this tag. It is listed on one or two smaller exchanges, but HPB has no use in writing this article except for guess-based transactions.

What is the next high performance blockchain?

Building a high-performance blockchain infrastructure will take a lot of time and money. Therefore, the roadmap is full of milestones that the team will achieve in the coming years. The beta version of this project will be available sometime in 2018 and will be further improved in a few months. If things go according to plan, the actual main network will start in the second quarter of 2018. However, the official version will not be available until the middle of 2019. This is a project worthy of attention, but there are still many questions to answer.