Review on High Performance Blockchain by Toprak Dere
About High Performance Blockchain (HPB)
There is a growing need for faster and better blockchain solutions. As we have seen in the past with cryptocurrencies, blockchain scalability has proved to be very problematic. High Performance Blockchain (HPB) claims it will alleviate many of these concerns in the coming months. With a new hardware and software architecture, the project definitely takes a different approach. Now is a good time to see if this project has long-term potential.
There are several aspects of the High Performance Blockchain project to consider. First of all, there is a chip-level acceleration engine that provides accelerated hardware chips to power this entire ecosystem. Second, the software side of the High Performance Blockchain is integrated with the new proprietary hardware accelerated engine, which focuses on depth and scaling customization. Third, the project claims that it can achieve a production in millions of operations without significant problems.
It also has its own currency known as the HPB of the High Performance Blockchain project. As of now, a total of 150 million Coins and 35 million of them are in circulation. So far, there is no clear use case for this token. It trades on one or two smaller exchanges, but HPB serves no purpose at the moment, except for speculation-based trading.
Pros
- High Performance Blockchain takes the concept of scalability from a completely different angle from the beginning. Instead of just looking at the sides of the software, the project also addresses the hardware aspect. In order to achieve optimum performance of blockchain applications, things will need to change in the near future. This team creates an architecture that uses thousands of CPU and FPGA resources to create a more useful and scalable ecosystem.
Cons
- Setting up the HPB token infrastructure takes a lot of time and money. Therefore, the roadmap is full of stages the team wants to achieve in the coming years. A testnet version of this project was launched in mid-2018. Further improvements will be made over the course of a few months.
