HDAC – Innovation of Transactions on IoT Based Blockchain
HDAC – IoT refers to device connections (other than typical rates like computers and smartphones) to the Internet. Cars, kitchen utensils, and even heart monitors can all be connected via IoT. And as the Internet grows in the next few years, more devices will join the list.
IoT creates a widespread digital presence that links organizations and society as a whole. New actors include data scientists; external integrators; and an open ending point. Security decision makers should embrace the basic tenets of risk and resilience to drive change.
HDAC incorporates blockchain, IoT, and Fintech, enabling micro-payments between machines at very low cost and automatically between IOT devices that are authenticated, mapped and verified through blockchain. In its architecture, the HDAC system uses a combination of public and private blockchain that allows for transactions that were not previously possible. This technology will use a quantum random number generator to secure this transaction.
By combining blockchain with IoT, it is easier to implement confidentiality and integrity – important factors to ensure reliable connections and secure processing between devices. This allows connected devices to respond to fabrication and modification attacks and increase trust between the parties in communication. In particular, ledgers in blocks of blockchain are heavily encrypted with complex mathematical encryption, capable of responding to outside attacks.
Use of Blockchains for IoT applications
In environments such as smart home or smart factory, there are various devices (IoT) equipped with sensors and are closely interlinked. Taking into account the conditions of each device, it is possible to form private blocks that can be operated in a safe and reliable manner. Personal blocking requires not only user authentication, but also inter-device authentication, operation details, and Iter-based contracts should work. In addition, private blockchain will only be practical if it interacts with public blockchain already in operation. In this connection, the user must configure HDAC, a crypto for use in public blockchain, to create an effective application for it.
We want to create a reliable ecosystem, making public and private blocks interconnected, operating a ‘Hybrid Payments Service’, in which the general user side of HDAC and private destination blocks are inter-related. In other words, with the blockchains we will create in accordance with their use, and Micro Payment will be possible as well as P2P payments on public blockchain. In a private network of controlled blocks, we apply the Currency Machine for contracts and joint payments between IOs, meeting the slogan ‘Transaction Innovation’, which allows consumers and rational payments.
Features of HDAC
HDAC is based on blockchains and accommodates all the common features of a typical blockchain. Blocking boundaries are revealed as they expand over time. HDAC emphasizes the differences from other platforms based on blockchains and has modified and complemented several functions to differentiate itself from other platforms in terms of efficiency, security, functionality, and speed.
As data capacity has become a problem with the bottleneck, we have flexibly modified it to use the block within existing blocks and limited additional data capacity. This allows various applications to use blockchains.
Bitcoin produces one block every 10 minutes and Ethereum produces every 12 seconds. Given time to upload on the network, it can take one to two minutes or more to check the results of a transaction. Considering this, Bitcoin about 7 tps and Ethereum about 25 tps. Specifically, currently the size of Bitcoin is limited to a maximum of 1 MB and alternative methods are recommended to expand block size, such as through SegWit2x.
Sales and Distribution of HDAC Tokens
Here are the details of HDAC token sales:
- ICO Begins: 27th Nth, 2017
- ICO Ends: December 22, 2017
- Name: HDAC
- Symbol: dac
- Token Price: 0.1BTC = 1.800 DAC
- Total Supply: 12,000,000,000 (12 billion) DAC
- Maximum Sales Target: 6.000BTC
- The total volume of its issuance is 12 billion HDAC.
- 7% of HDAC will be saved for capital reserves.
- 7% HDAC will be distributed to HDAC presale / TGE participants.
- 86% of the remaining HDAC can be obtained through fair ‘ePoW’ mining.
- The first block will reward 5000 HDAC.
- Anyone can participate in HDAC mining for the next 170 years.
To know the latest information about HDAC project you can visit the link below:
Ann Thread : https://bitcointalk.org/index.php?topic=2402330.0
Website : https://HDAC.io/
Whitepaper : https://github.com/HDACtech/HDAC/wiki/HDAC-Technical-Whitepaper#HDAC-eco-system
Twitter : https://twitter.com/HDACtech
Telegram : https://t.me/HDAC_TGE