![high performance blockchain wallet high performance blockchain wallet](https://www.hpb.io/static/images/scan/wallet_2.png)
Recently, Wang Xiao was invited to a conference at Stanford University to speak about future applications of the blockchain, further demonstrating his knowledge in the crypto space. Unfortunately there is not much information in this respect apart from the information provided on the Chinese version of the official webpage, which states that Wang Xiao Ming, the founder, “is a highly respected blockchain and crypto expert in China and has written many books” as well as that he is active in academic research directed at Industrial and Mechanical Engineering2. Given the difficulty of the problems HPB intends to solve, having an experienced team is a must. This demonstrates that the team is actively developing the project and moving forward in a space where many projects are promising mountains and marvels without showing anything on either the hardware or protocol side. Last but not least, the team has already built and presented a prototype of the acceleration chips at the China Semiconductor Association IC Design Innovation Summit1.
![high performance blockchain wallet high performance blockchain wallet](http://dapp-prod-fileserver01.oss-cn-hongkong.aliyuncs.com/hpb_backent/announcement_image/uploads/a90878980b1ed7268f5c101da5e40fef9337.png)
This will enable the platform to run at up to 1,000,000 TPS as well as having a 3 second confirmation time. The network will use TOE technology (TCPP/IP Offload Engine) – used to offload the network by sending processing tasks to dedicated, highly customised, hardware acceleration chips (being developed by HPB), freeing computational power to perform other tasks.
#HIGH PERFORMANCE BLOCKCHAIN WALLET SOFTWARE#
HPB reduces the risks of having a congested network and decreases the confirmation time even when there is high traffic on the network, as has happened with the Ethereum CryptoKitties saga and the Bitcoin Cash “Flippening” FUD.īasically, the project consists of two parts: the hardware and the software architecture. The platform will provide a scaling solution by developing a software and a hardware architecture (unlike EOS which is not developing hardware solutions). HPB aims at solving this problem and at meeting real business’s needs by creating a platform for high-frequency needs (such as the IoT ecosystem, needing billions of end-points, requiring millions of transactions per seconds, and which cannot be hosted on centralised servers). Being able to quickly handle this amount of data is critical for BaaS (Blockchain-as-a-Service) systems to avoid issues, as in the future, data will come from a vast number of sources (IoT trackers and sensors from smart-fridges, smart-cars, and other objects). These scaling issues range from low TPS (Transactions Per Second) to long confirmation times (or latency) – impeding crypto adoption from businesses which process millions of active users per day and large amounts of data. Seen by some as the Chinese version of EOS, High Performance Blockchain (HPB) aims at solving the scaling issues that many current blockchain platforms face.