Hyper Speed Network (HSN) is the world’s first Public Chain + 5G Application value eco-network. Features of HSN:
Utilizes blockchain to build a network security and trust mechanism for connected terminals under the 5G architecture
Realizes the value eco-network with high throughput and concurrency, low latency and power consumption
Is able to support multi-source information interconnection and exchange, as well as diversified asset registration, exchange, interaction, and flow of the coming digital age
Realizes interconnection of all things, builds a data world on blockchain, and promotes the new information-driven economy
As the basic public chain of the 5G digital economy, HSN aims to make complex application scenarios network-enabled by using blockchain, so as to assist the industrial development in the 5G age. After the mainnet launch, HSN will be widely used in cloud VR/AR, Smart Security, Internet of Vehicles (IoV), Smart City, Smart Manufacturing, Unmanned Aerial Vehicles (UAV), SD-WAN + NAS, Mesh products, edge computing modules, and other applications of the 5G environment.
Consensus mechanism is the technical core of each public chain. According to CAP principle, consensus mechanism cannot guarantee consistency, availability, and partition tolerance at the same time. We also need to ensure that all honest nodes are consistent and avoid forks. For HSN, the existence of Edge Nodes makes the consensus algorithm more complex. To this end, HSN adopts a layered consensus mechanism:
• Miner Nodes are generated by voting, produce blocks in turn, and are rewarded via PBFT-DPoS mechanism;
• Edge Nodes use Proof of Telecommunication (PoT). Each node is rewarded according to the communication services it provides. Note: the communication services are not just storage capacity, network traffic, or computing power, etc., but an aggregate of all communication-related services;
• In order to ensure the quality of service of Edge Nodes, Edge Nodes have to be secured by Miner Nodes through voting and collateralization.
HSN chose IPFS as storage infrastructure. IPFS network provides support for dynamic, precise, and distributed network storage and can better meet the requirements of 5G content distribution network (CDN). Large HSN files are divided into small encrypted blocks which can be downloaded from multiple servers at the same time. In the object and file layers, most data objects exist in Merkle DAG structure and double hashing is used for deduplication, thus flexible support of content addressing and storage deduplication is realized.
Value carrier: when each application scenario is introduced or used directly, it consumes a certain amount of HSN or application’s own tokens exchanged for HSN at a certain rate. With the gradual development of application scenarios, HSN will be used and consumed more and more; and its value will grow.
Object of transactions: like on EOS, every transaction on HSN has no transaction fees. Its DApps also need HSN as collateral and a purchase resource. HSN supports smart contracts which interact with each other through atomic swaps.
Incentive mechanism: with its active incentive plan, HSN encourages users to perform verification transactions actively in the system, create blocks, and generate positive feedback through economic means, so as to promote the steadfast development of the system. Token will be the incentive for the community’s continuous contribution to the system.
With the development of the number and scale of child chains and DApps in various industries, the demand for HSN applications will increase continuously, which will promote the appreciation.
High throughput: with the improved TPS implementation combined with sharding and side chains, the target TPS on HSN can reach tens of millions;
Big capacity: with the improved implementation of the underlying network file system combined with encryption and deduplication, in theory, HSN can provide unlimited storage space;
High reliability: with the improved blockchain network structure combined with the double-layer consensus of Miner Nodes and Edge Nodes, a reliable and feasible value system is built to ensure the stable operation of the whole network;
Diversity: with the improved smart contract implementation and task scheduling model combined with edge computing grid, HSN smart contracts can adapt to the application scenario of big data computing;
High compatibility: specifications for smart contract writing are compatible with the mainstream public chains in the market and multi-contract virtual machine mechanism is used, therefore smart contracts are cross-chain compatible and developer threshold is lower;
Low cost: economic model optimization and integration of multiple incentive mechanisms help HSN realize the virtuous circle between consumption and production. The operating cost is much lower than that of other centralized & competitor products.