Introducing the hi Protocol – our very own blockchain (hiP)! hiP hiP Hurray!
Featuring speed, scalability, zero transaction fees, as well as a rapidly growing membership base, hiP will stand apart from other blockchains to become the most dominant smart contract platform for decentralized finance.
Powered by our native hi Dollar, the hi Protocol (hiP) will offer members around the world global payment services at lightning speed and zero cost, using smart contracts and latest state of the art blockchain technology features to drive the hi ecosystem forward.
Key features include:
Permissioned blockchain based on the Delegated Proof of Stake (DPoS) consensus mechanism.
Staking hi Dollars gives members access to distributed computing resources and ability to vote for block producers.
WASM Virtual Machine
Unlike Ethereum’s EVM, hiP leverages a WASM based virtual machine to provide our community with a wider support of programming languages (C, C++, Java, Rust, etc.), and near native execution speed.
Zero Transaction Costs
Transactions will be free for a majority of end users of applications built on hiP.
Block producers will be compensated from a pool of hi Dollars that is derived from token inflation.
hiP may be continously improved without the need for a hard fork.
By updating the runtime logic of the blockchain in real-time, the complexity of upgrading systems and software for node operators is drastically reduced.
Multichain Parallel Transaction Processing
hiP is designed for achieving virtually infinite throughput through three levels of parallel processing.
Level 1: Transaction Batches
Level 2: Side Chain Execution
Level 3: Horizontal Scaling
Onchain Key Recovery
Recovery agents, in the form of other people, devices, or third party services, as defined on a smart contract, can be used to regenerate private keys on hiP without seed phrases or centralization.
Head to our website and download the Protocol Paper to learn more: https://hi.com/protocol