High Performance Blockchain (HPB): The EOS of China

Blockchains, in general, have crushed the ICO scene recently with Dragonchain as an example giving a 35x ROI from the initial token price. Infrastructure, Protocols, and Blockchain projects are some of the most promising ICOs at the moment. It is not too late to get involved with HPB as the market cap has room to grow.

High Performance Blockchain (HPB) is a blockchain capable of processing millions of transactions per second. That blockchain supports smart contracts and uses a DPOS consensus algorithm. In the world of ICO investing, protocols, blockchains and infrastructure type projects are the ones providing many times ROI. Although this is not a guarantee, it is shown to be truer than other Dapps. HPB is built on top of NEO, which could explode after regulations in China have been established giving rise to a viable crypto market. With angel investments from NEO Nixin and other partners, HPB is the first third-party blockchain to support NeoVM (NEO virtual machine).

HPB is going to be the first company to utilize software with accelerated hardware to drastically improve the speed of data transfer and access with the capability to do 1,000,000 transactions per second. Potential companies in its market may include Baidu and Alibaba, which have millions of users. Another major partnership mentioned is UnionPay, which makes up 80% of all Chinese transaction data. This is equivalent to about $12.5 trillion per year.

HPB includes a chip acceleration engine that can support millions of transactions per second extending the performance of distributed applications to meet real-world business needs, and develop the infrastructure for a true enterprise blockchain world. HPB plans on becoming open-source to allow developers to contribute to the long-term success of the project.

The project is being implemented by founder Wang Xiaoming, who has ten years of experience in internet technology. He participated in the founding of CUP big data, Beltal, and served as Beltal CTO. He wrote the “Chinese version of the official website of Ethereum ” Key investors include NEO and Lei Zhen, the co-founder of OKCoin.

The platform’s upcoming testnet launches in the first quarter, with the mainnet scheduled for implementation in Q2 of this year. One of HPB’s biggest partners is Unionpay Smart, China’s largest financial data company.

Investors have taken notice to the positive developments concerning HPB, with the coin’s overall market cap increasing by $49 million in just four days. More gains appear likely over the horizon as bullish investors continue to drive the market forward.

HPB Key Metrics

  • Current Price: $8.03 USD (24.40%); 0.00069060 BTC (22.57%)
  • Market Cap: $179,332,173 USD
  • 24/hr volume: $7,817,900 USD
  • Total Supply: 100,000,000 HPB
  • Circulating Supply: 22,216,600 HPB
  • Type of Token: ERC20 Token, (DPOS – Delegated Proof-of-Stake Consensus)
  • Exchanges: Bibox, Allcoin (this coin has considerable volume to be listed on such small exchanges. Expect this to rise when added to larger exchanges such as Binance and Bittrex)

Disclaimer: Analyst is not currently invested in HPB.

Featured image courtesy of Shutterstock. 

Author:
Kent - Co-Founder of CryptoMarketBeat.com, where we are building Pro Crypto Analysis Tools and share crypto related investment info.

Leave a Reply