What is High Performance Blockchain?
High Performance Blockchain aims at using hardware acceleration and software algorithms to create an easy to use high performance public chain that can process thousands of transactions per minute.
This is made possible by their network accelerator which is simply a customized network card allowing for parallel processing tasks and fast block generation. The purpose of building this platform is to enable distributed applications to meet the business needs of the real world. This is the sole reason why commentators refer this platform as the EOS of China.
HPB is open source which attracts dApp developers from all over the world. By being the first to merge hardware and software, the platform can easily accommodate millions of users since the network has the capacity to process millions of transactions per second. Additionally, the network’s low latency low can confirm these transactions within seconds. After all, HPB platform produces blocks every three seconds. Furthermore, they have adopted Delegated Proof of Stake as the algorithm where the network’s token holders vote through the system to appoint new block producers.
The symbol token for High Performance Blockchain is HPB and it’s an ERC20 – compliant token with an aggregate supply of 100 million HPB coins and a circulating supply of 33 million HPB.