Blockchain is an important breakthrough for my country's core technology independent innovation. On August 5, the well-known blockchain project Critical Hashgard announced that its new generation of decentralized finance (DeFi) public chain mainnet was officially launched. Critical Hashgard public chain is based on COSMOS- SDK development will create a high-quality public chain focused on decentralized finance.
According to the official website, the critical Hashgard public chain will rely on its unique on-chain governance model and blockchain consensus technology to create a credible mechanism for decentralized finance, by integrating the identities, assets, protocols, and The process data is on the chain to be tamper-proof, authentic and credible, so as to achieve financial credibility, and rely on blockchain technology to overcome spatial obstacles, reduce the threshold of financial participation, expand global users, and use blockchain-based distributed ledger technology And smart contract technology to realize the decentralization and programmability of finance, and finally build the critical network into a decentralized financial connector.
The critical Hashgard mainnet will provide infrastructure for the construction of decentralized finance and meet the basic needs of decentralized finance, including decentralized mining, governance, trading, lending, stable currency and decentralization Funds, etc. It is reported that in order to meet the needs of infrastructure, the critical Hashgard public chain network can reach a processing capacity of up to 3000TPS, which can achieve high-speed operation of the public chain and can basically meet large-scale commercial needs.
The critical Hashgard technical team revealed that its public chain has five characteristics, namely:
IBC protocol and cross-chain interaction: The critical Hashgard new generation of DeFi public chain network adopts the IBC (Inter Blockchain Communication) protocol to realize the mutual transfer of certificates or data between different main chains. This makes the blockchain network have a considerable degree of scalability.
High-performance virtual machine and multi-language programming: Hashgard successfully built the first high-performance virtual machine system in the Cosmos ecosystem that supports python language programming and cross-chain interoperability. Developers can easily use HVM to write and deploy to open multi-finance (Defi) and decentralized games (DeGame) applications.
Staking rewards: The critical Hashgard public chain will provide a large number of staking rewards. The validator nodes participating in the block generation will allocate block rewards based on the pre-issuance amount. Ordinary users can also mortgage their tokens to the validator nodes. gain profit.
Adjustment of on-chain governance parameters: The critical Hashgard public chain allows users to submit proposals on the chain, and the validators will vote to complete the improvement or upgrade of blockchain-related functions. At the same time, for chain-related parameters, you can also directly Adjustments are made through on-chain governance to avoid the cumbersome software update.
Public taxation and proprietary service fees: the critical Hashgard public chain supports two different governance mechanisms that can be used at the same time, public taxation and dedicated service fees. Through on-chain governance, part of the staking output can be determined to enter the public tax account. The account can only be spent through on-chain governance; at the same time, a fixed proportion of some blocks can be paid to related service providers as proprietary service fees.
At present, the critical Hashgard public chain mainnet has officially launched and started to generate blocks.
The critical Hashgard team stated to the media: "It has always been the pursuit of the critical Hashgard team to embrace the financial industry with blockchain technology. Inclusive finance and credible finance are the team’s value concepts. We will focus on blockchain technology. To create an open, high-expansion blockchain + finance system, and to empower financial industry upgrades, the mainnet launch will not be the end, but the beginning."