High Performance Blockchain HPB to Tether USDT Exchange

Crypto Pair Details: HPB to USDT

High Performance Blockchain HPB

High-Performance Blockchain tackles the concept of scalability from a completely different angle. Rather than just looking at the software side of things, the project also tackles the hardware aspect. To realize the optimal performance of blockchain applications, things will need to change in the near future. As such, this team is building an architecture which uses thousands of CPU and FPGA resources to create a more versatile and scalable ecosystem. There are a few aspects of the High-Performance Blockchain project to take into account. First of all, there is the chip-level acceleration engine which provides accelerated hardware chips to power this entire ecosystem. Secondly, the software side of the High-Performance Blockchain is integrated with the new dedicated hardware accelerated engine and focuses on depth and scaling customization. Third, the project claims it can produce a throughput in the millions of transactions without any major problems. While all of this sounds amazing, it is difficult to come by any real information regarding the technical aspects of either the hardware or the software side of High-Performance Blockchain. While the team mainly focuses on blockchain integration for real-world business cases, it remains to be seen how their chips will operate and how their algorithms are created. It seems the High-Performance Blockchain project is closely connected to the NEO infrastructure, which could introduce some interesting developments down the line. Building the High-Performance Blockchain infrastructure will take a lot of time and money. As such, the roadmap is filled with milestones which the team aims to achieve in the coming years. A testnet version of this project will be launched at some point in 2018, which will undergo further improvements for several months. The actual manner will launch in Q2 of 2018 if things go according to plan. However, the official version will not go live until mid-2019 at the earliest.

Tether USDT

Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S. dollar. The idea was to create a stable cryptocurrency that can be used like digital dollars. Coins that serve this purpose of being a stable dollar substitute are called “stable coins.” Tether is the most popular stable coin and even acts as a dollar replacement on many popular exchanges! According to their site, Tether converts cash into digital currency, to anchor or “tether” the value of the coin to the price of national currencies like the US dollar, the Euro, and the Yen. Like other cryptos it uses blockchain. Unlike other cryptos, it is [according to the official Tether site] “100% backed by USD” (USD is held in reserve). The primary use of Tether is that it offers some stability to the otherwise volatile crypto space and offers liquidity to exchanges who can’t deal in dollars and with banks (for example to the sometimes controversial but leading exchange Bitfinex). The digital coins are issued by a company called Tether Limited that is governed by the laws of the British Virgin Islands, according to the legal part of its website. It is incorporated in Hong Kong. It has emerged that Jan Ludovicus van der Velde is the CEO of cryptocurrency exchange Bitfinex, which has been accused of being involved in the price manipulation of bitcoin, as well as tether. Many people trading on exchanges, including Bitfinex, will use tether to buy other cryptocurrencies like bitcoin. Tether Limited argues that using this method to buy virtual currencies allows users to move fiat in and out of an exchange more quickly and cheaply. Also, exchanges typically have rocky relationships with banks, and using Tether is a way to circumvent that. USDT is fairly simple to use. Once on exchanges like Poloniex or Bittrex, it can be used to purchase Bitcoin and other cryptocurrencies. It can be easily transferred from an exchange to any Omni Layer enabled wallet. Tether has no transaction fees, although external wallets and exchanges may charge one. In order to convert USDT to USD and vise versa through the Tether.to Platform, users must pay a small fee. Buying and selling Tether for Bitcoin can be done through a variety of exchanges like the ones mentioned previously or through the Tether.to platform, which also allows the conversion between USD to and from your bank account.

SOURCE: COINGECKO

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