HEAT Ledger Ltd, a Finland-based Fintech startup, is launching a 3rd generation crypto platform coined H.E.A.T.
What makes HEAT 3rd generation?
H.E.A.T. Ledger stands for Heuristically Enhanced Asynchronous Transactions Ledger, embodying a completely new way of structuring cryptocurrency and peer-to-peer decentralized asset ledger. Optimized for speed and architected in enterprise friendly Java for custom private chains, HEAT slices the currently used blockchain database technology to modular components and readily provides flexibly scalable server side technology for corporate needs of any size.
HEAT's unbounded vertical scalability is only limited by the performance of the hardware used. Utilizing not a single blockchain , but a chain of blockchains - and removing embedded databases through the use of off-heap memory mapped binary files, the HEAT blockchain is able to sustain transaction throughput of at least 1000 tps 24/7. On our internal tests the HEAT JVM has been capable of achieving an unbelievable rate of several millions of updates per second on commonly available 16-core server.
DIRECT CRYPTO TRADING
Because the HEAT client hosts client side real crypto, integrated to the HEAT blockchain asset exchange through built-in invisible gateway, users can trade cryptocurrencies right from their wallet on p2p orderbooks without going through an exchange. This means that once your trade for ie. BTC/ETH goes through, you can use the BTC or ETH as you do normally. Bye bye withdrawal delays! Welcome multicurrency client and native direct exchange!
LICENSED MULTISIG FIAT WALLET
The unique HEAT crypto client provides access to major cryptocurrencies including BTC, ETH, FIMK and NXT. It also allows creation, transfer and trade of any custom assets created by operators of any size. Having multi-sig for currencies whose tech is capable of such - the client thus supports fiat money accounts secured with multi-sig private keys. HEAT Ledger Ltd has joint venture agreements in place with EU wide money transmitter license pending, making the prospect of transferring real fiat money in a cryptographic ledger a reality. One of the first, if not THE first - but certainly the first multi-sig fiat!
SMALLER BLOCK FILES HASH-CHAINED
Splitting blockchain into separate files for homogenous data types such as unconfirmed and confirmed balances, unconfirmed and confirmed asset buy and sell orders etc. makes HEAT able to function on many levels of node involvement. No longer does each user need to host the full blockchain - they can store just one or more of the sliced block files that are chained together in torrent-like manner to form a cryptographically secure, full blockchain. And of course they can opt for thin clients with either standalone app or web browser, no server software running at all.
HYBRID BLOCK REWARDS
For its block rewards granted every 25 secs in average, HEAT uses twin system: half of the block reward comes from traditional PoS (Proof-of-Stake) algorithm, while the other half is granted on PoP (Proof-of-Presence) basis for nodes that host the block files online. The HEAT algorithm monitors the presence of block slice files, and assigns higher probability for slices that have a smaller number of copies online. That way any discrepancy arising in the relative number of different block files is attenuated.
DISTRIBUTED SERVICES ARCHITECTURE
RUNDOWN OF HEAT HIGHLIGHTS (some items repeated for clarity)
1. Technology to be used has been 5 man-years in the making
a. Written in enterprise friendly Java
b. Cryptography and p2p consensus code based on MIT licensed NXT
c. Networking layers and many features based on FIMK development
d. Architected with re-use for private chains
e. Optimized for speed and instant high frequency trading
f. Massively scalable through the use of not one single blockchain, but a chain of blockchains
g. Completely remade HTML5 client / downloadable / app
2. New memory mapped OS binary file sliced blockchain structure without db overhead
3. Splitting balance storage from transactions and blocks
4. Transaction throughput rate initially in the 1000 tps scale on legacy hardware
5. Unlimited scalability depending on node hardware: Boost rates of 10k+ tps on standard 4-core Linux server
6. 25-second blocks, instant tx confirmations through websockets and replication layer
7. Regular client startups are near instant since all that has to be loaded are the balance files (~1/10,000 the size of full blockchain)
8. High frequency trading enabling instant matching of 1k+ trades per second stable
9. 2-tier reward structure: Proof-Of-Stake and Proof-Of-Presence (Online storage of blockchain slice files)
11. Thin client: Home users don't need to carry blockchain files but get rewarded to do so
12. Replication layer: Vendor independent replicated database integration for corporate full node operators
13. Remade, smarter networking protocol uses binary messages - on request basis only - between peers
14. Non-blocking asynchronous websocket connections over Netty (Facebook, Twitter) enables high number of peer connections
15. Offline smart vouchers (fully signed transactions that can be sent to the blockchain by anyone.)
16. PIN protected account access to local wallet.dat, with secret phrase brain wallet backup
17. Native A2A (asset to asset) custom tokens exchange with option for native non-gateway BTC price base
18. Multicurrency crypto client enabling non-gateway direct crypto transfer
19. Built-in non-gateway (direct real crypto) p2p exchange for client supported crypto
20. Custom tokens, private tokens, colored accounts and white label software cloning readiness
21. Multisig for FIAT currency tokens and several main target use cases:
a. Simply value adding feature for the crypto client user security
b. Facilitating implementation of p2p live crypto trading (asset exchange tokens auto match multisig real crypto)
c. Enabling crowdfunding security and direct intake of funds (also “real” gated EUR, USD that have multisig security)
d. Unique sales point: Multisig Fiat currency
22. Crowdfunding / IPO capabilities heavily emphasized:
a. Readily on-blockchain for DIY agile companies / geeks
b. Licensed fintech corporate partner for turnkey crowdfunding service
c. Cloned source / white label installation
23. Unique, private human defined identifiers (email account format)
24. Off-blockchain instant E2EE (end-to-end encrypted) P2P messaging
25. Decentralized web shops with instant EUR payments (/pricing in any token)
26. Major licensed corporate partners in crowdfunding, fiat currency token transfer and BTC exchange areas
27. ICO tokens reward stock options for startup company IPO shares at lower price later in 2016
28. ICO runs from July 11th 2016 through August 8th 2016. Currencies accepted: BTC, ETH, FIMK, NXT.
HEAT Genesis block's preliminary release date is September 5th 2016. Before that there will be an alpha client and a testnet available in August.
ICO PHASE GENERAL INFO
For launching the HEAT cryptocurrency in September 2016, HEAT Ledger Ltd arranges Initial Coin Offering investment opportunity for the public between July 11th midday GMT and August 8th 2016 midnight GMT.
• 25 million HEAT tokens will be distributed to investors & stakeholders on pro rata basis.
If ICO is not fully reserved, 1 000 000 HEAT are locked up as an incentive and released for development crew after 1 250 000 blocks (1 year) from genesis. If ICO is fully reserved, a minimum of 500 000 HEAT will be purchased for the development crew from market by the ICO BTC funds after ICO closure.
ICO PRICING DETAILS
HEAT credits can be reserved either through escrow agents (described in the next section) or by paying a freely chosen amount of cryptocurrency to a designated BTC / FIMK / ETH /NXT account listed on the HEAT web site at http://heatledger.com/ico. Credits purchased through all of the channels are synchronized bona fide real time, and collected at the end of the ICO period to form the total reservation amount for final stake calculations. Each HEAT credit entitles to a portion of the full 25 Million HEAT token stack in pro rata basis. ie. if the full 25 Million HEAT are reserved, each credit will receive 1 HEAT. If less than 25M HEAT are reserved, each credit will receive more than 1 HEAT. HEAT Ledger Ltd reserves the right to either increase the total number of HEAT tokens released, or the proportion of ICO credits relative to HEAT tokens in case there are more than 25M credits reserved during ICO.
ESCROWS AND TRADING
HEAT credits can be reserved from the following sites:
• HEAT Ledger web site (http://heatledger.com/ico)
• Openledger (http://blog.openledger.info/2016/07/08/how-to-subscribe-to-ico-prelaunch-on-openledger/) operated by CCEDK (https://www.ccedk.com/ico/heat) (also allows trading of stakes during ICO)
• C-CEX exchange (https://c-cex.com)
• Fitcoin (http://fitcoin.fi) Exchange assets in the FIMK blockchain
THE CROWDFUNDING CRAZE
While HEAT uses crowdfunding services from partners and arranges one on its own during the ICO, significant emphasis will be put on facilitating crowdfunding for large and small companies through the HEAT Ledger blockchain itself. With HEAT, every businessman and his mother will be able to have their own blockchain application to crowdfund projects!
HEAT Ledger Ltd assists companies and projects to obtain crowdfunding via the decentralized open source HEAT Ledger through consultation and partnership. We aim to have at least 2 to 3 external companies to accompany the launch of HEAT Ledger Proper through their own funding proposal (IPO, other crowdfunding investment) on the HEAT Asset Exchange custom crowdfunding UI - accessible from the HEAT wallet.
IPO STOCK OPTIONS FOR HEAT TOKENS
Heat Ledger Ltd will arrange Initial Public Offering of stock equity in late 2016. 50 000 - 80 000 new company shares will be released to constitute 20% - 25% of total company equity, in order to raise between 500k to 1.5M EUR funding to further develop company operations. HEAT token holders who participate in round 1 ICO and hold their tokens will receive options that entitle for 50% minimum rebate from IPO share price.
CALL TO ACTION FOR DEVELOPERS AND MARKETERS
HEAT Ledger is an ambitious business project initiated by a small, experienced and skilled team of professionals hardened in a rough set of challenges previously. Our goal is to provide not only prosperity for the HEAT founders and investors, but also long-lasting value for the society by leveraging our innovations and know-how to further the evolution of financial technology towards more effective modes of operation.
We invite enthusiastic people to join the HEAT startup team. With time we'll need online marketers, sales specialists, local ambassadors, skilled java programmers and especially front-end coders. Please contact us to let us hear about your skills that the world could make good use of through your participation in HEAT.
Soon... The HEAT is ON!
HEAT credits can be reserved either through escrow agents (described in the next section) or by paying a freely chosen amount of cryptocurrency to a designated BTC / FIMK / ETH /NXT account listed on the HEAT web site at http://heatledger.com/ico.
Didn't find any account yet where to pay FIMK's :)
Didn't find any account yet where to pay FIMK's :)It'll be available on July 11th noon.
Nice! I knew you were developing some new coin, good to hear it's complete now! =) I'm no comp geek myself, and can't get my head around the openledger (i dont think it works properly on my maschine), so what would be the EASIEST way to transform some of my FIMK to HEAT? Could you make some step-by-step directions how to proceed? This looks very promising, but at the same time, very complicated. Is there an easy way to support HEAT? I have some BTC and ETH too, but would like to invest with FIMK. CHEERS!
Is it noon already? :) :cheers:
Here's how you can trade an ICO token before anyone else...
Click the image to watch the video! (https://youtu.be/h_fDWnwSBZQ)
Help boost the knowledge of HEAT
If you wish to help boost the interest and let pople know about HEAT, feel free to help out in any way possible, just go to retweet where you feel appropriate
The link is based on lots of media being processed since monday, and more to come next week:
on top of it all HEAT was also on Forbes sunday, and getting some very ncie response.
Dont forget, if you wish to trade HEAT, it is possible already now on OpenLedger
Following markets have been created, it is possible however to create your own as well:
In order to trade on OpenLedger, all you need is to go to CCEDK to follow the ICO subscribe procedure https://www.ccedk.com/
or simply send BTC or ETH to the OpenLedger account: ico.openledger, write in memo: HEAT
that's it and I will send you the equivalent in OPEN.HEAT based on the level at the time of funds sent
This amount of OPEN.HEAT is backed by the funds sent from one BTC wallet to the HEAT ICO BTC adress. This wallet is created by ICO Openledger (www.ICOO.io) and CCEDK only created to support the HEAT,
HEAT will then consequently be available to withdraw to its own wallet a few hours later than the original release. This procedure has already worked successfully with LISK, DGD and DAO, and i will be looking forward to see it on same way with HEAT.
Check out our new tutorial video
on how to participate in an ICO on OpenLedger.
Click the image to watch the video!
HEAT weekly crypto roundup - general sitrep of the crypto field - can be read here (http://heatledger.ghost.io/).
New video about HEAT
New video about HEAT
Thank you for the video posting!
HEAT - Blockchain 3.0 video presented via the startup services offered from www.CCEDK.com and its agreement to help create awareness and as part of this also offer traders an early access to trade the HEAT token via the ICO subscribe option on same site. These services are powered by the crowdfunding engine ICOO, also presented with short intro on CCEDK.
Trade HEAT today? Don't want to wait untill launch? Wish to have an exit option?
All is possible via CCEDK ICO subscribe services: go subscribe NOW to HEAT tokens on https://www.ccedk.com/ico/heat
or send funds directly to OpenLedger ICO subscribe account: ico.openledger
write in memo: HEAT
and tokens OPEN.HEAT will be sent to you right away for you to start trading.
ICO OpenLedger website ICOO.io http://icoo.io
ECONOMIC ENTERPRISE ENGINE - CROWDFUNDING 3.0 - https://www.ccedk.com/dc/icoo
Official account of ICO OpenLedger: https://bitshares.openledger.info/?r=icoo
Place your orders directly on OpenLedger, send your funds to account above: icoo
OpenLedger Exchange (https://bitshares.openledger.info/) · LINKEDIN (https://www.linkedin.com/in/ronny-boesing-65b61720) · TWITTER (https://twitter.com/icoo_io) · FACEBOOK (https://www.facebook.com/icooio/) · REDDIT (https://www.reddit.com/r/CryptoCurrency/comments/4jva1u/icoo_pre_ann_the_official_crowdfunding_token/) · FORUM (http://bitsharestalk.org/) · SOURCE CODE (https://github.com/openledger)
HEAT Weekly crypto roundup #2
Crypto roundup #3 was posted on Sunday night here:
I know August 1 is not technically over yet, but any news on the white paper?
HEAT White paper was published on August 1st GMT (25 minutes ago) 8) here:
HEAT ICO about to finish - release their whitepaper, finish August 8th 2016
For anyone who may have an interest in the ICO project HEAT and their Blockchain 3.0 project with its scalable structure, their whitepaper was released August 2nd and it may be what you need to either dig in or accept not for you. Either way it gives more clarity on its various offerings as mentioned on their website and also as per below:
(http://heatledger.com/img/wicon-1.png) (http://heatledger.com/img/wicon-2.png) (http://heatledger.com/img/wicon-3.png)
How to order in this last time of the ICO?
If you wish to take part in this actively by trading HEAT on OpenLedger up untill launch sometime in September, you may well profit from the option by ICOO and its crowdfunding engine offering ICO subscription with a 4% subscription fee in this way allowing you to buy into HEAT and trade same day.
You may do so, simply go to following link https://www.ccedk.com/ico/heat for the necessary instructions if new to OpenLedger. If already a user you may send your funds directly to: ico.openledger account mentioning in memo: HEAT
Otherwise, simply go directly to HEAT official website and order from there: http://heatledger.com/ico.htm
Read full HEAT White paper here: http://blog.openledger.info/2016/08/05/heat-white-pap..
4 hours left on the HEAT ICO. Price stage 3 is on the verge of breaking in the last moments... :)
FIMK has long been in stage 4 and will likely remain there. The 15M max seems to have been a proper allocation.
HEAT ICO has been completed successfully. Investments received:
BTC: 608.45 (stage 2)
ETH: 16,124.99 (stage 2)
FIMK: 255,621,021 (stage 4)
NXT: 6,220,425 (stage 2)
Thank you for the team, all stakeholders and supporters! :thumbup:
At heatledger.com/ico it says: Each HEAT stake credit will receive more than 1 HEAT token, exact amounts published on August 10th. Today is August 11, but I can not find the amounts published anywhere.
Preliminary amount is 1.45x the original amount. It was actually published on https://bitcointalk.org/index.php?topic=1543991 but the exact amount is still pending.
Finnish humor asking to send 1.9 FIMK with an OSX client to verify..
Finnish humor asking to send 1.9 FIMK with an OSX client to verify..Heh :) You should be fine by sending just 1 FIMK.