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Benaiah A. Akinlade photo
Nigeria, Osogbo, Osun State, Nigeria
4 Level
325 Reviews
110 Karma

Review on HashBit Blockchain by Benaiah A. Akinlade

HashBit Blockchain making bold steps with its humble beginnings

The HashBit blockchain was launched on May 1, 2021. The Blockchain was designed with the Java programming language which makes it portable, fast and easily integrable to any ecosystem such as apps and gaming, most especially making it useful for daily activities and transactions through smart mobile devices. It is a decentralized financial payment network that rebuilds the traditional payment stack on the blockchain.

The HBIT is accessible through a web browser, which makes it easy for public use and fast for instant transactions and the safety of users and their transactions. There is also an Android application for android users.

From my findings, the HashBit blockchain works on the basis of three layers:

1. Good network infrastructure,

2. Security and,

3. Good communication to aid speedy completion of transactions.

These three layers are the bedrock of how the blockchain works.

HashBit takes pride in ensuring the safety of transactions on the blockchain, easy navigation and fast completion of transactions within a short period of time.

Features of the HashBit Blockchain

1. HashBit has a user-friendly, fully decentralized Asset Exchange capabilities which allows users the ability to issue a token on the blockchain. The token on offer can range from crowdfunding token to company shares according to the imagination of the issuer.

2. The HBIT blockchain works on the principle of Voting System which allows users to set up a poll on different topics they believe affects the ecosystem. This ensures the transparency in the running of the affairs of the blockchain.

3. The Data Cloud feature enables HBIT users to exchange documents on the blockchain. The data can be retrieved at anytime when needed.

4. The HBIT Marketplace is a fully decentralized store for digital and physical items. Items can be listed for sale with pictorial descriptions with items sold in exchange for HBIT coin. You can also search for your preferred items in the marketplace with the option of leaving a review on services rendered.

5. The message feature on the blockchain allows users to leave a description or purpose of the transaction

6. HashBit Coin (HBIT) is a highly scalable p2p digital currency that enables completion of transactions on the ecosystem. It is based on the principles of Proof of Stake cryptocurrency that was deployed on Binance Smart Chain(BSC BEP-20) with a total and circulating supply of 50,000,000,000 HBIT.

Pros & cons

  • The HashBit blockchain is currently accessible on Web applications and Android devices.
  • The blockchain has a good presence on popular social media platforms which makes it easier for it to be noticed.
  • The blockchain has a 30 times transaction speed of bitcoin block time.
  • Integration to apps or websites does not require special programming skills.
  • The HBIT coin is mineable.
  • The blockchain is relatively new and hasn’t gathered enough publicity to challenge well established blockchains.
  • The Blockchain app is not yet available on iOS devices

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