HDAC uses the Internet of Things network to cooperate with the Private Blockchain to achieve a more secure trust-based transmission, whether it is the exchange of information between machines or the process of value transfer between people, based on the actual use of private chains The ideal blueprint on the Internet, developed a platform and transmission unit such as Hdac*T to realize M2M contract performance and information transmission on the Internet of Things to create a more life-like, more reliable, faster and more secure information transmission system.

Project Introduction

The society of the future will be "hyperconnected" and digital innovations will be continuously reintegrated into the global economic system. The right combination of blockchain (with its value as cryptocurrency) and IoT will enable new technologies. Markets and consumers will demand more reliable and affordable industrial transactions. This will lead to the development of machine money that can use hybrid blockchain technology and be implemented within it.

We believe that the digital world of the future will be one in which the Hdac platform operates a highly reliable blockchain network that can conveniently utilize the services of numerous IoT devices around the world. It has been said that "the currency of the new economy is trust," so it is crucial that new technologies be built on trust. With the integration of blockchain and the Internet of Things, the Hdac platform will become a key tool for implementing a more reasonable and efficient trading system.

Hdac's technical philosophy is to greatly improve the M2M transaction environment every day: economic activities should be seamless and easy transactions. Furthermore, we believe that using our technology, it is possible to facilitate the rational consumption and accurate, intelligent management of all communication and utility expenditures.

Hdac Private Blockchain [Hdac T] is a blockchain-based intelligent transaction method on the Hdac platform, designed to perform given tasks under various command conditions in the IoT environment. Hdac T provides these M2M transaction functions and a simple transaction service environment, and with the rationality and efficiency pursued by the Hdac platform, it will become the platform of choice for use and control with IoT devices.

In addition, Hdac will develop into a hybrid blockchain platform by providing hardware wallets for user security and transaction convenience to serve communication and transactions between the aforementioned IoT devices.

Features of Hdac

Main features of the Hdac blockchain: Custom HDACs can be created and used without restrictions, and asset names will be defined by authorized administrators or created and distributed freely. The asset can be circulated and used like existing native coins.

Alternatively, assets generated for a particular business or for a specific purpose can be exchanged for the native coin at an appropriate ratio as desired.

HDAC generation, mining and results

Compared with Bitcoin, Hdac's issuance policy is as follows:

The first reward started at 5,000 HDAC, and then voted to reduce the reward from the 150,000th reward to 2,500 HDAC, and from the 183,400th reward to 500 HDAC. The total supply of HDAC has also been reduced from 12,000,000,000 HDAC to 28.5,000,000 HDAC. The block generation cycle is 3 minutes, and the halving is set to halve the mining results every 1.032 million blocks. That is, mining results have been halved approximately every 71 months since the creation of the genesis block. However, through voting, due to the application of Hdac blockchain, the increase of dApp partners, and the needs of the industry, the period of halving and the number of block rewards can be adjusted. 7% of the initial total supply of 12,000,000,000 HDAC will be used to create a platform and ecosystem using HDAC technology to facilitate transactions, liquidity management, and various business activities. Another 7% will be allocated to participants who donate to Hdac Technology AG.

This mechanism is a strategy aimed at maintaining the internal value of HDAC by reducing its supply. The total number of generated HDACs is fixed instead of a fixed number of HDACs that generate assets that increase to infinity while asset values ​​decrease. It is important to see if the equilibrium price can be maintained at the point where the inventories of buyers and sellers instinctively meet.

Miners who wish to mine by participating in the Hdac blockchain network will receive mining results and transaction fees. Mining results are halved approximately every 6 years, gradually increasing the number of transactions included in the blocks, thus filling the total cost.

Hdac ecosystem

For the continuous and stable development of Hdac, Hdac Technology AG will conduct marketing and public relations activities, while HDAC Technology AG will implement Hdac Platform Technology to develop next-generation industrial platforms. These teams will work together to develop Hdac's technological advancement and collaborative ecosystem, thereby creating a virtual circular environment for global technological development.