The Tolar platform uses HashNET protocol based on it and has innovative features such as scalability, high processing speed and security compared to existing blockchain platforms. Our main goal is to create solutions, build partnerships, solve system problems, and provide new features. Tolar is an open source, community-managed cryptocurrency characterized by scalability, fast transactions, security and fairness.

Project Introduction

Tolar is an open source, nationally managed cryptocurrency characterized by scale, fast, secure and fair transactions. We position TolarHashNET as a global leader in all DLTs and become a favorable solution for businesses and governments by providing an open, fast and extremely fair public ledger built on revolutionary HashNET technology.

HashNET leverages distributed ledger technology (DLT) to scale, efficient and impactful solutions to social innovation challenges. This revolutionary algorithm is characterized by faster transaction times, master nodes, and will have an open source, community-managed cryptocurrency-Tolar.

DLT is widely regarded as a breakthrough digital technology in its open, open and authorized form, supporting decentralization to reach consensus, sharing, storing and protecting transactions and other data, while central intermediaries do almost zero. HashNET consensus uses a “redundant reduction gossip” and “virtual voting” protocol based on distributed computing and algorithms from theoretical computer science, which provides a fair and fast Byzantine fault-tolerant consistency algorithm. It is a new consensus alternative platform designed to run on non-licensed (public) networks to reach larger communities.

HashNET aims to solve the blockchain scalability problem using the revolutionary algorithm mentioned above. It is a new consensus alternative to blockchain, retaining all the excellent features of blockchain (decentralized, transparent, pseudo-anonymous) and increasing the speed to over 200,000TPS.

HashNET has high cost-effective and environmentally friendly characteristics, because it does not require mining and uses very few computing resources. It aims to solve the problems of Bitcoin, Ethereum and similar PoW systems that now use more electricity than 159 countries, including Ireland and most African countries.

Project Highlights

HashNET is scalable
Scalability has always been the biggest problem that plagues blockchain technology. Projects such as Bitcoin and Ethereum cannot complete huge amounts of blockchain transactions in a short period of time. Compared to Bitcoin, HashNET supports more than 200,000 transactions per second, while Bitcoin can only achieve 7 transactions per second. In addition, even if the number of nodes increases dramatically, the HashNET network can process all transactions in seconds.

HashNET Fair
Why? Because no one can manipulate the trading order. On HashNET, it is impossible for individuals to influence the consensus order.

HashNET Fast
HashNET does not require miners to record transactions. The mining process is very slow and consumes a lot of electricity. The proof-of-stake algorithm used by HashNET combines the master node to reach a distribution agreement. Once a transaction occurs, reception and recording begins, so that the final confirmation can be completed in an instant.

HashNET100% secure
HashNET uses a consensus distribution algorithm between nodes to make hacker attacks impossible. At the same time, the combination of our proof of stake and master nodes creates transparency, because participants will be rewarded for their correct votes.

HashNET features include:
·The ability to grow
·Speed ·Full dispersed
·Mobile compatibility
·Transparency in fund allocation and voting processes
·Anonymous

HashNET provides a novel solution to maintaining computational and communication difficulties for large public distributed ledgers. The key innovation is an efficient asynchronous distributed consensus protocol, appropriately designing directed ring-free network structures.

Tolar Governance System

Tolar has a governance system called Magnus Consilium, where stakeholders and investors will have the right to vote on proposals to participate in the improvements of the HashNET network.

Magnus Consilium will be part of the community in two ways:

1. Bidding
The tender is a budget plan to be submitted to Magnus, in which each proposal requires a majority vote to be passed.

2. PoS proof
If the user decides to lock his coin, he/she will receive interest based on the amount of coins and the time the coins are stored.

Tender and budget plans are available to all Tolar holders. Magnus Consilium will choose to vote on the basis of the solution that best meets the following criteria:

Social Impact: Realize potential impacts by implementing solutions.
Decentralization and Governance: Allow voters to vote for the future network development.
Outreach: Add value through communication and say a word to the community.
Contribution: Rewards to improve the Tolar network.
Broadness: Allow voters to make decisions about further development paths.

Related links:

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