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What Is Heat Coin (HEAT)

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Introduction

HEAT Coin is a generation 3.0 cryptocurrency, the developers of HEAT have combined the best features of the second-generation cryptocurrencies and equipped them with a new blockchain mechanism.

This ensures an almost unlimited scalability of the blockchain. HEAT has a market capitalization of USD $7,381,086.
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Approximately USD $2,402 is invested daily in the currency.

HEAT coins are available at a price of USD 0.24 on the digital exchanges Heat Wallet, C-Cex and OpenLedger DEX (as of November 20, 2017).

HEAT Coin – The Cryptocurrency

  1. E. A. T Ledger “stands for” Heuristically Enhanced Asynchronous Transactions Ledger .”

It describes a new way of structuring a cryptocurrency. HEAT is in theory infinitely scalable but depends on the hardware used.

This is made possible by the use of several interlinked block chains instead of just one. Also, built-in databases are removed by so-called “Off-Heap Memory Mapped Binary Files.”

Among other things, they also provide for transactions with 1000 tps. Another new HEAT feature is the access to multiple cryptographic currencies via the HEAT client.

This allows access to Bitcoin and Ethereum. The client also offers an asset-to-asset exchange for many other cryptocurrencies and Fiat coins.

Another new feature of the cryptocurrency is a multiple mode.

This means that HEAT software is available in four modes: Web Client, Thin Client for downloading, Full Node Server and Replicated Custom Node.

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This makes the HEAT software scalable from home users to large enterprises. HEAT uses end-to-end encryption to provide the highest level of security for its users.

What distinguishes the software from the second generation is that data nodes can store files of one or more block chains.

Heat Coin

As a result, the HEAT client can currently support two additional and later even more different cryptocurrencies.

If more than one blockchain is used, the user also receives more than one private key for his or her account.

Another special feature of the HEAT software is that the user can name his wallet as he wants and secure it with his pin.

HEAT Coin – The Company

The HEAT project is led by Svante Lehtinen. He has 20 years of experience in founding companies and has managed and implemented several e-payment projects.

He is also the founder of the currency FIMK, which he founded in 2014 and COB of the non-profit “Krypto Fin ry association.”

The company’s goal is to solve the problem of scalability. The more transactions are executed, the more load is placed on each data node of the blockchain.

By addressing the problems of the second-generation cryptocurrencies, HEAT has succeeded in offering its users improved technology.

Not only that the functional areas of the software have been enlarged, but also that the speed of transactions has been improved, revolutionizes the old cryptocurrencies.

HEAT sees crowdfunding and IPO arrangements of different sizes as an application area for its users.

Conclusion

HEAT Coin is a revolutionary cryptographic currency of the latest generation. With many technical advancements from competitors such as Bitcoin or Ethereum, HEAT improves the performance of the blockchain enormously.

With a scalable blockchain, HEAT offers its users many new possibilities to use the blockchain.

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CaptainAltcoin’s writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

The Blogger Scientist is a "Medical Physiologist" and a "Financial Asset" Content Creator who aims at enlightening web reader on varying Financial Assets such as Stocks, FX, Crypto, MLM,. HYIP among others.

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