Published On: Wed, Jul 13th, 2016

HEAT: A ‘Blockchain 3.0″ Crowdfunding Platform

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The Decentralized Conflomerage is launching a new project called HEAT, marketed as a “Blockchain 3.0 platform. In partnership with HEAT Ledger Ltd., the Decentralized Conglomerate opened a pre-ICO crowdsale on OpenLedger, and launched the official ICO on July 11, 2016.
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What Does HEAT Do?
Short for “Heuristically Enhanced Asynchronous Transactions,” HEAT is “a new way of structuring cryptocurrency and P2P decentralised asset ledger.”
Built on Java and based on NXT, HEAT is capable of handling over 1000 transactions per second, while supporting “unlimited scaling.” A press release for the project says that 20 second or lower block generation times, combined with both Proof of Stake and Proof of Work, are what make HEAT so fast.
This “Blockchain 3.0” application is reportedly good for crowdfunding and IPOs, with capabilities that include:
Readily on-blockchain for DIY agile companies / geeks
Licensed fintech corporate partner for turnkey crowdfunding service
Cloned source / white label installation
HEAT project leader Svante Lehtinen explained the applications crowdfunding capabilities to press. “To give …

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