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What is HPB?

HPB is a cryptocurrency that can be used as a means of transferring value or interacting with smart contracts. There are hunderes of different cryptocurrencies available today with each aiming to resolve an issue or bring new features to blockchain technology. HPB has been successful in its aim to use hardware in order to solve the issue plaguing most other blockchains -- being able to retain high-speed, high-security, and high-decentralization without sacraficing one of these aspects.

Why not just use ethereum (ETH)?

While ethereum (ETH) is wildly popular and was an inspiration for Xiaoming Wang, one of the founders of HPB, having in fact helped to translate the original white paper of ethereum into Chinese. But I believe he saw the limitations of ETH in that the infamous blockchain trillema (speed, secutiy, decentralization) could not be resolved through software alone. So he set out to develop a hardware chip with the help of a very talented team which could conquer all 3 without sacrafice and they were successful in doing so. The software they used for the blockchain was built off of ethereum making it nearly 100% compatible (if not 100%) with its software. The hardware chip developed was named the HPB Blockchain offload engine or BOE. The chips are distributed to candidates who come in the top ~100 of an election cycle. The eligible candidates must prove to own a highend server and have access to an enterprise grade internet connection. In addition, they must pledge to hold atleast 30,000HPB during the time they operate as a node. The eligible candidates then take part in an election which are held periodically where all community members can vote for which of the candidates will be able to operate a node until the next election cycle ends. Candidates who come in the top will be able to operate on the network and will receive a BOE to install in their server if they have not already received one in the past. In return, these node operators receive HPB rewards for operating and securing the network. Learn more about the election cycles. In addition, nodes may choose to reward a portion of their voters with voting rewards through the HPB mobile wallet. These BOE chips have been deployed around the world and contain unqique capabilities of being able to accelerate transactions at well beyond the capibilties thanks to its unique hardware features such as as its ECC hardware technology to accelerate signature verification. It also is able to measure small variances of voltage which allows for random number generation which ethereum is not cabable of. With maximum transaction speeds of ethereum capping at about 15TPS to HPB at incredible speeds of up to 5,000TPS (transactions per second) globally and 10,000TPS within mainland China there is no comparison. On top of that, research and development of HPB has continued to improve with new research for capibilities being worked on daily with a active, talented and devoted team.

What is the importance of random numbers?

Random numbers allow for variances in APPLICATION behavior. Since smart contracts follows a strict set of rules, their behavior can be predicted and this is not a good thing for games, security or other applications which rely on randomness. Traditionally, computer systems rely on a "seed" usually obtained by the system time in milliseconds to generate a string of "random" numbers. Solidity, the programming language for smart contracts, offers no random number generation because ethereum and most other blochchains don't have a true since of time. Some developers have relied on hashes of account numbers, block counts, and block time to generate a random number but some of these factors can be predicted and even manipulated and in some cases has resulted in the loss of large amounts of funds from bad actors exploiting this weakness (Read about the SmartBillions ETH Contract. Oracles have also been used for randomness but can end up costing a lot during times of congestion. HPB on the other hand, has a simple function, block.random which generates a 64 digit hexidecimal values based on minute hardware variances that cannot be predicted making them truly random values. Learn more about HPB's Hardware Random Number Generator (HRNG)

Useful HPB Foundation Links

Official Website

Official Telegram

Github

Twitter Account