High Performance Blockchain
High Performance Blockchain
Blockchain technology has begun to gradually show potential in several domains. According to High Performance Blockchain (HPB), there are still many bottlenecks to be addressed. These are; the Transactions per Second (TPS), the ease of use restricting the progress of enterprise development and the lack of blockchain solutions to meet highly concurrent business needs.
HPB claims that they will provide access to contract services with high frequency access requirements. They are creating a high performance blockchain platform. (1)
HPB is a blockchain architecture, positioned as an easy-to-use, high performance blockchain platform. It aims to extend the performance of distributed applications to meet real world business needs. This is achieved by creating an architecture similar to an API operating system. The software architecture provides accounts, identity and authorization management, policy management, databases, and asynchronous communication of CPUs, FPGAs or clustered program schedulers. They claim that this blockchain is a new architecture that can support millions of transactions per second and support authorizations within seconds.
The architecture consists of two parts; the hardware architecture and the software architecture. Through TOE (technology organization environment), consensus algorithm acceleration, data compression, data encryption and other technologies, it can achieve support access for millions of users. The cloud terminal under this architecture can be for example a traditional PC, intelligent terminal, and so on. At the same time, the terminal device gains hardware acceleration characteristics.
According to HPB, a high performance blockchain platform must have the following characteristics; open source, support of millions of daily users, low latency, high throughput, high concurrency and an acceleration engine.
The open source model attracts more talented developers, and promotes quicker software iteration. From the commercial perspective, users do not have to pay to use the software, and free usage can attract more attention and improve usability. For software companies, open source reduces costs and allows them to serve users with limited resources.
Support of million of daily users
Applications like Google, Uber, and BAT (Baidu, Alibaba and Tencent) require handling of millions of active users per day through blockchain technology, so a platform that can handle massive amounts of user data is critical.
HPB claims that if the delay is more than even a few seconds, it will greatly affect the user experience, and it may even be unable to meet business needs, thus seriously reducing the competitiveness of the application.
High throughput, high concurrency
Because applications such as exchanges can only execute operations serially as opposed to in parallel, HPB must provide powerful serial capability. By using a specialized network card with a TOE chip, it uses four layers of Transmission Control Protocol (TCP) processing to transfer from the host processor to the hardware accelerator. The end result is accelerated response, enhanced network concurrency, reduced server complexity, and improved node processing performance.
The HPB architecture uses the blockchain consensus algorithm Delegated Proof of Stake (DPOS), which is the only one capable of combining the previously mentioned performance requirements. According to this algorithm, the whole network of token holders is able to vote through the system to appoint new block producers. The blockchains maintained by the DPOS algorithm are 100% online. That is to say, after an average of 1.5 seconds, a transaction will be written into the blockchain and all outgoing nodes will be aware of the transaction. This means that in 1.5 seconds, a transaction can be identified as 99.9% confirmed received onto the blockchain. Through parallel processing ability of CPU, GPU, FPGA and serial ASIC chip, it achieves high performance and high speed concurrent computation.
Use of the token
The HPB network token provides practical support tokens for the HPB network, including centralization of social media cooperation, financial data distribution and exchange, business process tracking and reputation evaluation, and a trusted network search and advertising system. Authorization and transmission of data on a public chain and transaction costs can be solved through HPB tokens.
Team and advisors
Founder: Wang Xiao Ming, He has 10 years of internet technology development experience. He’s participating in the founding of CUP big data Beltal and served as the Beltal CTO, in cross-border e-commerce, financial payments, Big Data blockchain, have a wealth of technical architecture and cross-border experience. (2)
Consultant: Wan Zongru, He’s a Nobel Prize winner and a Quant leader in evolution labs. He was a data scientist at eBay for about 2 years and he was a senior machine learning software engineer at UnionPay smart. (3)
Consultant: Long Kai, He is the co-founder and CEO of UnionPay Smart. (4)
HBP is partnered with NEO, and will be the first blockchain in the industry to support NeoVM (NEO Virtual Machine), which is used to execute contracts on the Neo Blockchain. They will be cooperating with NEO at hardware and software level.
In their Whitepaper they mentioned UnionPay as a partner. They wrote: ‘’UnionPay has joined as a partner with HPB, with the common goal of technological practice and exploration of financial big data and high-performance blockchain platform.’’ This was meant to be UnionPay smart, a subsidiary company of China UnionPay. (5)
Alongside Qtum, VeChain and Metaverse, HPB has partnered with CPChain to help each other with their goals. (6)
According to their roadmap on the website, they launch a testnet for the community to test and explore in Q1 2018. By the end of 2018 they are planning to collaborate with industry leaders on exploring and developing the platform of blockchain technology.