High Performance Blockchain (HPB) Research Report (Disclaimer: Information accurate as of March 5, 2024)

Market Data:

• Current Price: $0.0072 (as of March 5, 2024)
• Market Capitalization: Data not available
• Exchanges: HPB is listed on various exchanges, including Huobi Global, OKX, Bitfinex, Gate.io, and MEXC Global HPB.

Project Introduction and Brief Summary:

High Performance Blockchain (HPB) is a public, permissionless blockchain platform designed for high scalability and transaction throughput. It achieves this through a unique combination of custom-designed hardware (Blockchain Offload Engine or BOE) and high-performance blockchain software. The BOE acts as a hardware accelerator, offloading specific tasks from the main blockchain software, leading to faster transaction processing and lower fees.

Project Release Date & Token Release Date:

• Project Release Date: HPB launched its mainnet in December 2018 HPB.
• Token Release Date: Information about the specific token release date is not readily available.

Competitors:

• Solana (SOL) – Market Cap: $78.4 Billion
• Avalanche (AVAX) – Market Cap: $30.7 Billion
• Fantom (FTM) – Market Cap: $2.4 Billion
• Polygon (MATIC) – Market Cap: $12.7 Billion

Use Cases:

HPB aims to support various use cases, including:

• Decentralized finance (DeFi): HPB facilitates the development of DeFi applications like lending, borrowing, and trading.
• Supply chain management: HPB can track the movement of goods and materials throughout the supply chain, ensuring transparency and efficiency.
• Gaming: HPB’s fast transaction processing and low fees make it suitable for in-game transactions and asset management within the gaming industry.
• Internet of Things (IoT): HPB can connect and manage IoT devices securely and efficiently.

Technology:

HPB utilizes a Proof-of-Performance (PoP) consensus mechanism, which incentivizes nodes based on their contributions to the network. The BOE hardware plays a crucial role in enabling faster block generation and validation within the PoP consensus.

Smart Contracts and Audits:

HPB is fully compatible with the Ethereum Virtual Machine (EVM), allowing developers to deploy existing Ethereum smart contracts on the HPB chain. While information about a recent audit report is not readily available on the official website, HPB claims to have undergone multiple security audits in the past HPB.

Investors or Partners Involved (News within the last 90 days):

• On December 12, 2023, HPB announced a partnership with Chainlink (LINK) to integrate Chainlink’s decentralized oracle network into the HPB ecosystem, enabling access to secure and reliable off-chain data for smart contracts HPB.

Amount of Money Raised during Presale/ICO/Seed Rounds:

Information about the amount raised during HPB’s funding rounds is not publicly available.

Token Distribution:

• Team: 20%
• Foundation: 20%
• Ecosystem Fund: 20%
• Public Sale: 40% HPB

Detailed Token Economics and Use Cases:

The HPB token serves various purposes within the HPB ecosystem, including:

• Network fees: Users pay HPB tokens for transactions and smart contract execution on the HPB network.
• Staking: HPB token holders can stake their tokens to earn rewards and participate in network governance.
• Access to services: HPB tokens may be required to access certain services and applications within the HPB ecosystem.

Roadmap:

HPB’s roadmap outlines various development milestones, including:

• Continuous improvement of the BOE hardware
• Expansion of the HPB developer ecosystem
• Integration with additional DeFi and blockchain protocols

Specific details about accomplished and upcoming milestones are not readily available on the official website.

Team Members:

The HPB team consists of experienced professionals from various backgrounds, including blockchain technology, finance, and engineering. However, individual team member information and LinkedIn profiles are not provided on the official website.

References:

Additional Notes:

While HPB offers a unique approach to blockchain scalability through its hardware-accelerated architecture, the project seems to lack readily available and up-to-date information on crucial aspects like recent audits, team member details, and roadmap progress. This lack of transparency might be a concern for potential investors and users. It is recommended to conduct further