A Truly Scalable Cryptocurrency and Smart Contract Platform

As crypto gradually dominated the world of finance and technology, now more attention is given to the next blockchain 3.0. We are witnessing a huge technology advancement from web2 to web3.

Couple of years back after Ethereum's mainnet was launched, huge number of dapps were developed, many blockchain wallets were created, and large migration of entrepreneurs working towards web3. Presently, Ethereum is leading the decentralized app development. However obstacles, for example, scalability, transactions fees, and many more have presented new challenges for app-specialized developers.

For dapps to real dominate crypto space, we must comprehend the situation of smart contract protocols, how it works, it use cases, and possible area to develop on.

ABOUT HELIOS PROTOCOL
Scalable digital currency and smart contract platform developed on DAG and blockchains. The Helios platform was developed with highly secured, fast, and low transactions costs, in order to facilitate a truly decentralized application. Helios Protocol's was designed with several interesting features, some of which are Proof-of-Work, Proof-of-Stake, and Directed Acyclic Graph. The platform was developed with both DAG and blockchain utilizing PoS as it's consensus mechanism. Every wallet has its very own blockchain that is specifically designed to that particular wallet which is a feature explicit to a DAG blockchain. The PoS consensus mechanism is utilized to protect the blockchain and keep all nodes in consensus.

Helios Protocol was developed to use an eco-friendly consensus algorithm while holding the benefits of PoW like security, reliability and decentralization of power. Helios Protocol are recorded on the blockchains(wallet) of the sender and the recipient with the full nodes imitating the whole blockchain database. Each wallet on the Helios Protocol is required to sign each block on its blockchain.

CONSENSUS MECHANISM: Staking with different rewards
The Helios Protocol implement the Proof of Stake consensus mechanism using the principles of magnetism(MaGPoS) to develop a system which is more eco-friendly and utilize less energy. This system facilitates the Helios protocol to offer permanence of a similar degree as PoW systems with higher security. Holders of the Helios coin (HLS) are remunerated for holding the token in their wallets.

Helios Protocol offers two(2) staking rewards with the main reward AR1 being for the holding of a specific amount of HLS for a specific time is calculated utilizing the below formula:

AR1 = P1 × x¯ × t,

Where P1 is a reward multiplier, x¯ is the average of tokens being held in the wallet, and t being the time the tokens is held for.

The second staking reward AR2 is designed for the full nodes and master nodes, remunerating them for system participation and uptime so as to create incentives for system activity participation. The reward AR2 is determined utilizing the formula below:

AR2 = P2 × AVG UPTIME × t

Where P2 is a reward multiplier, AVG UPTIME being the average uptime of the full node/master node, and t being the time the reward is for.

WHY USING HELIOS PROTOCOL?
Endlessly Scalable: All wallets are created on blockchain, and transactions are handled distinctly on their particular blockchains. The platform facilitates multiple transactions and very fast, less expensive, and scalable system.

Ethereum Compatible: Helios platform was developed based on Ethereum network and it is compatible with existing Ethereum DApps

Completely Decentralized: To ensure total decentralization of the token, Helios team is distributing some percentage of the tokens through bounties and airdrops rewards. This is better than ICO, in ICO few peoples can accumulate large percentage of the total token supply which may lead to centralization instead of decentralization.

Low Transaction Costs: Network charges on PoW mechanism serve as a way of rewarding miners and nodes which stabilize the system. Since the Helios protocol works on full nodes and master nodes, it embraces transaction charges to generate some token for nodes which serve to stabilize the system. Notwithstanding, these charges will be very much lower than well known blockchain systems.

TOKEN ECONOMY
Helios Protocol token HLS, its main purpose is to serve as the driving force of the ecosystem. HLS is used as a medium of all transactions within the Helios communities. 350,000,000HLS were the total supply, HLS will appreciate in value as the usage increase. All member of the ecosystem contributing to the development of the project in one way or the other will receive token for their activities over the next three years. HLS is already listed on Atomars Exchange, trading against ETH, BTC, and USDT pairs.

ROADMAP

TEAM

CONCLUSION
The competent team behind Helios Protocol understands that a project sells itself and increases in value after some time. They equally know that most project fail after ICO due to some investors dumping the project after the benefiting from the ICO discount price of the token. The team fully aware of these chooses to fund the project with their personal savings and offer the public some token through bounty and airdrops campaign.

Most importantly, Helios protocol was built on DAG, a technology known as the Blockchain 3.0. Undoubtedly, this project will stand the taste of time as it has many interesting use cases.

Thanks for your audience.

Useful links to Helios Protocol project.

Telegram: https://t.me/heliosprotocol
Website: https://heliosprotocol.io
Discord: https://discord.gg/B9qWHHZ
Twitter: https://twitter.com/HeliosPlatform
Trybe: https://trybe.one/ref/19149
Facebook: https://www.facebook.com/HeliosProtocolPlatform/
Instagram: https://www.instagram.com/heliosprotocol/
Reddit: https://www.reddit.com/r/heliosprotocol
Bitcoin Talk: https://bitcointalk.org/index.php?topic=4317054.0
Github: https://github.com/Helios-Protocol

Author:
Bitcointalk Username:Alaho15
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=2513944
Eth Address: 0xf8c20030A71708E73D58Ab3900629F17B8875da5