On September 12, starting at 6pm, Tolar HashNET, 4th generation blockchain, will have a live presentation to demonstrate its prototype with a speed reaching 150,000 TPS on 100 nodes. The event will be held at COTRUGLI Business School premises in Zagreb and is open to public.
Livestream of the event will be available through Tolar Official Youtube Channel.
First time in history, TOLAR team has demonstrated its prototype with a speed reaching 150,000 TPS on multiple nodes and all continents during a live presentation. Many blockchain experts were skeptical about the prototype and believed that it will not work on multiple nodes, with some comments being: “It may work on 11 nodes, but it’s never going to work on more than 39 nodes”.
As we are confident that our platform can reach the desired speed of 200 TPS on 100+ nodes, we have decided to hold yet another presentation to support our claims. As no one has demonstrated their MVP with a speed of 150,000 TPS on 10 nodes, no one has ever done so on 100 nodes.
Tolar, an open source, community governed crypto-currency, uses a revolutionary algorithm HashNET that features scalable, fast, secure, and fair transactions. It employs Distributed Ledger Technology (DLT) and consensus algorithm which keep all positive characteristics of a blockchain technology while increasing throughput to more than 200,000 transactions per second. The network is using Proof-of-Stake with masternodes thus, eliminating the need for a massive energy consumption and huge environmental cost, which has proved to be a significant problem of blockchain technology.
Tolar HashNET aims to become a favourable solution for enterprises and governments by providing an open, fast and extremely fair public ledger built on top of the HashNET technology and to create ecosystem of solutions and partners that will use this unique technology to solve problems with existing systems or provide new functionality that was not available before.
“We are already able to do pilots on our platform, which shows stability and maturity of the platform in this early stage, but also our commitment to create unique ecosystem that will benefit our partners and developers.” – Mario Vojvoda, CIO of Tolar HashNET argues.
The project has received many positive reviews from top blockchain influencers (Tom H. Chase, OhHeyMatty, Ian Balina, Diddy Carter, etc.) and winning the Ian Balina ICO pitch competition, which has contributed to the organic growth of the project and increased its exposure worldwide. According to some lists, Tolar is currently in Top 3 ICOs.