Review on Tolar by Robiul Islam
The team has blockchain knowledge and a extensive scientific background. With…
The team has blockchain knowledge and a extensive scientific background. With their prototype they have shown that they reached their promise of 200.000 TPS. So the technical side of the project provides lots of future promise, but they also have to show that they can master the economical side of the project with real world partnerships and enterprises looking to build dApps on the HashNET. The TPS number is looking good, but there are more and more projects with similar claims. Blockchain protocol projects need to ensure adoption and one way is to secure partnerships (which Tolar doesn’t seem to have much). Therefore, i'm neutral about the long term viability of the project.
Updated 6 years ago
Rating has not been changed
Tolar mainnet is live now - 4.0 blockchain revolution begins - 200.000 TPS. The closest competitor with similar features have been demonstrating not more than 10,000 transactions per second. The HashNET network is using Proof-of-Stake with masternodes thus, eliminating the need for massive energy consumption and huge environmental cost, which has proved to be a significant problem of blockchain technology.
Pros
- 🔹100% secure & ECO friendly. 🔹Truly decentralized and community driven. 🔹Open source competitor to Hadera’s Hashgraph. 🔹Running the EVM, easy to build dApps with known tools. 🔹A full node can even be run on a smartphone. 🔹The project already has a prototype with a demonstrated speed of 200,000 TPS.
Cons
- 🔸The team doesn’t appear to be particularly strong technically as compared with other similar blockchain projects. 🔸Relatively early stage. 🔸No meaningful real world partnerships yet.
