Clearly, 3rd generation can mean many things.
Can mean a next technological level
Can mean a better/decentralized governmental process
At HEAT we've exercised our self granted right for adopting the term
Gen 3 Crypto primarily on the grounds of fundamental technical changes. These changes modify the core technology used by cryptocurrencies in a way we believe will be adopted by a growing mass of business operators in the not so distant future.
The HEAT focus isn't about improving decentralization. Thus it also isn't about improving governmental processes in a technical way of inputting algorithms for decentralized voting, AI governed core update deployments and whatnot as implicated in the projections of the next generation cryptocurrencies from the decentralization perspective.
When we come to the governmental sphere of the HEAT crypto-terrain that stakeholders and investors necessarily step into when you obtain HEAT stake reservation or tokens, it's fairly simple:
HEAT is rather strictly about business.Being about business means that HEAT tackles several problems that are currently slowing down or preventing the adoption of decentralized p2p ledgers for business use. Some of these are:
- scalability problem (solved by off-heap binary data store and sliced blockchain)
- public ledger vs. proprietary problem (solved by corporate nodes db replication and custom chains)
- obstacles in ease of use for asset trading and crowdfunding (solved by turnkey crowdfunding solutions, asset-2-asset trading)
- problems of integrating crypto with fiat (solved through JV gateway arrangements)
- problem of software scattering through numerous cryptocurrency clients and technologies (solved by multicrypto HEAT client and built-in DS exchange gateways)
While we're not particularly inept in our governmental model - kind of facepalming year after year about the Bitcoin's community's inability for effective decision making - we believe the legacy system inherited from FIMK is ample for any kind of challenges ahead on that front. That model is based on the human factor enforced by technology; the coordinating organization exercises strong decision making and forward looking power through legacy technical arrangements such as running a high number of nodes and having large PoS forging power at disposal. For business operation such as HEAT this point becomes even more relevant and usable for swift resolution of what would otherwise look like difficult situations.
There's definitely the moral principal incentive on the background driving us forward, namely the dissemination of technically independent p2p ledgers with their numerous benefits not limited to facilitating trade to its simplest form and storing immutable records of transactions to defeat human weakness on that area generally. However we believe these objectives are best achieved by
not fighting fire with fire but extinguishing fire [of obsolete, failing economic interaction] with water ie. with another basic element effective against the one we wish to have changed.
Skipping further allegories, that means in practice we - Heat Ledger Ltd - infiltrate the business scene from within to smash on its face the most flexible, cost effective and easy to use systems available on a margin so great that those who've seen what we offer see no sense in going back to what they used before that.
... which will eventually lead to blockchains (and the HEAT chain in a significant part of them) used all over the globe in millions of applications. And then we (and the shareholders, but maybe for different reason!) will be happy
