June 30, 2017

What is HEAT?

Hot, hotter, HEAT – info page

HEAT stands for Heuristically Enhanced Asynchronous Transactions Ledger. It is a blockchain platform created by HEAT Ledger Ltd (www.heatledger.com).

Unlimited Scalability, Decentralized Exchange, MultiCurrency Support

Above is listed only few of the features that HEAT will bring forth with their revolutionary blockchain platform.

HEAT is only limited by hardware performance. It uses more than a single blockchain: a chain of blockchains. It removes databases using off-heat memory mapped binary files. Doing so results in HEAT being able to achieve a minimum of 1000+ transactions per second, 24 hours a day, 7 days a week.

The HEAT wallet has multiple currency support, as well as an Asset to Asset exchange. Due to this, HEAT allows trading of other cryptocurrencies directly from the wallet without using a centralized exchange. With no delays for withdrawl.

The HEAT wallet gives support to the following: BTC, ETH, FIMK, and NXT. Eventually more cryptocurrencies can be added as well. The wallet plans to support FIAT currencies, with an EU pending money transmitter licence.

Every 25 seconds approximately a block is generated with Proof of Stake. The generator is rewarded by the network. The other half of the reward is generated with Proof of Presence, which rewards users who host blockchain data for the network.

-source heatledger.com

 

What do you need to know about HEAT before investing?

The company released a general roadmap for the project in June 2017. With a tight and demanding schedule some of the Q3 events were postponed to Q4, which already is packed with goodies. A new updated roadmap is yet to be published.

 

 

HEAT in itself still remains as an “under the radar” project for various reasons. The choice of not to go ‘full scale’ in marketing before the infrastructure is ready both technical and business wise, is one of the main reasons. Besides being a promising blockchain of the future, HEAT hosts one of the best Decentralized Asset Exchanges within its client software. This (and being partly closed source to prevent competition to clone and gain possible advantages) is why no bigger effort of getting listed on centralized exchanges has taken place. The company clearly sees themselves as one of the top future DEX/DAE’s, and the potential is truly there. With pending EUR token integration the HEAT token and a few other assets can already be traded on the smooth platform. Certified assets are backed up by the company whereas uncertified ones are user/3rd party created and should always be thoroughly investigated before investing in.

 

 

The tech already provides POS forging with a staggering yearly ROI of 77%. A closer study can be read at https://heatnodes.org/heatrewards.pdf. As a part of secure forging, balance leasing was introduced in the latest release. This feature allows forging pools to be established. One of the largest so far can be studied at https://heatpool.org.

 

 

What is there yet to be expected?

The ‘why’ of investing in HEAT definitely lies in the following – microservices. As an inbuilt real time blockchain application HEAT introduces the HDK (Heat Developer Kit). This feature opens the gates of Heaven for developers to integrate applications to the chain.

 

– quote by leading developer Dennis de Klerk

We believe we’ve gone the extra mile to make programming HEAT microservices as easy and as productive as possible.

We envision a future where decentralized blockchain based applications will give birth to a whole new eco system on itself, where traditionally complex client facing services like accepting payments in any currency from anyone customer in the world or offering decentralized escrow services with bank grade levels of security, becomes available to anyone who wants to create and operate such a service.

The HEAT core server is written in Java, which is a wonderful language for our needs, but most likely not for the majority of all potential HEAT microservice developers. Java involves external libraries, a compiler, you need to package your final code and when coding for instance directly against HEAT core, basically a lot can go wrong.

Developing microservices is in many ways much easier, we’ve basically done most of the work that involve creating powerful blockchain based applications for you, all you need to do is come up with an idea and in most cases with just a few lines of code and your idea can become reality.

When you combine all that with our choice of TypeScript as the main language and our complete one click solution to both test and deploy your microservices.

Well you do the math what becomes possible now.

 

More of the HDK and rest of the releases can be scanned at https://github.com/Heat-Ledger-Ltd/heat-dev-kit.

Discussion of HEAT can be followed at the official HEAT-thread https://bitcointalk.org/index.php?topic=1959885.0

The live-community can be joined at HEAT-slack channel http://heat-slack.herokuapp.com/.