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[PRE-ANN] HEAT: 3.0 crypto*multisig fiat*a2a hft*1000tps*DSA[...]

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

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 achain 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 high frequency trading 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.

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.

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/ operated by https://www.ccedk.com/ico/heat • 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!

Replies: 9
proto posted 3 days ago Weight: 492 | Link [ - ]

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

proto posted 2 weeks ago Weight: 470 | Link [ - ]

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
proto posted 2 weeks ago Weight: 462 | Link [ - ]

HEAT 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 ;)

proto posted 2 months ago Weight: 330 | Link [ - ]

HEAT forging update, optional but advised. heatledger-0.9.2 Available on Github: https://github.com/Heat-Ledger-Ltd/heatledger/releases

proto posted 2 months ago Weight: 328 | Link [ - ]

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 posted 3 months ago Weight: 312 | Link [ - ]

"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.

proto posted 3 months ago Replies: 1 | Weight: 310 | Link [ - ]

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

Reply to: proto
proto posted 2 months ago Weight: 325 | Link [ - ]

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 :)

HEAT-kani posted 9 months ago Weight: 0 | Link [ + ]

HEAT ICO is LIVE!

http://heatledger.com/ico.htm

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