July 17, 2015

What is HEAT?

 

Hot, hotter, HEAT

 

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

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