HEAT Ledger Ltd, a Finland-based Fintech startup, is launching a
3rd generation crypto platform coined
H.E.A.T.
http://heatledger.com
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 SCALABILITYHEAT'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 server has been capable of achieving an unbelievable rate of
100,000 updates per second on commonly available consumer hardware.
DIRECT CRYPTO TRADINGBecause 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 WALLETThe 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-CHAINEDSplitting 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 REWARDSFor 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 ARCHITECTUREHEAT 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 base18. Multicurrency crypto client enabling non-gateway
direct crypto transfer19. 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 currency22. 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 DISTRIBUTIONHEAT Genesis block's preliminary release date is currently estimated for January 2017. Before that there is alpha testnet at
https://alpha.heatledger.com
ICO PHASE GENERAL INFOFor launching the HEAT cryptocurrency in Winter 2016 - 2017, HEAT Ledger Ltd arranged Initial Coin Offering investment opportunity for the public between July 11th and August 8th 2016.
• 25 Million HEAT tokens will be distributed to investors & stakeholders on pro rata basis in January 2017.
• 1 000 000 HEAT from the 25M are locked up as an incentive and released for development crew after 1 250 000 blocks (1 year) from genesis.
PRELIMINARY SCHEDULEJuly 11th 2016 12.00 GMT -> August 8th 23.59 GMT ICO
August 1st 2016 Whitepaper
September 21st 2016 Testnet, alpha client
October - December 2016 ICO verification period
January 2017 Genesis block, livenet beta client
January - February 2017 Heat Ledger Ltd options, crowdfunding platform
February 2017 - April 2017 Heat Ledger Ltd shares
TRADINGHEAT credits / tokens can be traded on the following sites:
•
Openledger operated by
CCEDK•
Alcurex exchange
•
C-CEX exchange•
Fitcoin Exchange assets in the FIMK blockchain
THE CROWDFUNDING CRAZEWhile HEAT uses crowdfunding services from partners and arranged one for its own funding round 1, 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 TOKENSHeat Ledger Ltd will arrange
share release of private stock equity in Q1 - Q2 2017. Approximately 62500 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 MARKETERSHEAT 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.
The HEAT is ON!
This was added recently!!! The development team is supposed to be paid by the investors fund! Now these scammers just reserved 1250000HEat for development costs!!!!! This is outrageous!
As you can see on the way back machine this was NOT in the ICO agreement! After discovering this I was kicked off the slack channel by proto! This is the low level these guys are playing on!
