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What Is Halo Platform?

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Shannon Duncan edited this page May 23, 2018 · 1 revision

✨ What is Glo & Halo Platform? ✨

Simply put Halo Platform is a crypto currency management and interaction platform built on the Halo Platform Blockchain using the Halo Currency. Glo is the Go-Halo-Platform implimentation forked from go-ethereum to facilitate and run the blockchain for Halo Platform.

Glo is an Etherium-based distributed ledger protocol with transaction/contract privacy and new consensus mechanisms.

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Key enhancements over go-ethereum

  • 🔍 Alternative Consensus Mechanisms - with no need for POW/POS in a permissioned network, Glo instead offers multiple consensus mechanisms that are more appropriate for consensus chains:
  • 🔎 Raft-based Consensus - a consensus model for faster blocktimes, transaction finality, and on-demand block creation
  • 👥 Peer Permissioning - node/peer permissioning using smart contracts, ensuring only known parties can join the network
  • ⚡ Higher Performance - Glo offers significantly higher performance than public geth

Overview

Time between block: VDTB (minimum 250ms, max infinite. Blocks are on demand)
Total block reward : 38 HALO per block with a 4 minute timeframe between block minting
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