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Blockchain is the fastest-growing digital technology which has been changing the face of business across the world. Three years ago, the team behind Tolar has asked one simple question — what can we do to make the most of blockchain technology with the resources we have at our disposal?
The answer was facilitated by COTRUGLI Business School the leading business school in SE Europe with amazing impact and influence in the business community. With more than 2,000 MBA Alumni (entrepreneurs, middle and top managers), and over 20,000 satisfied clients (leading companies across different industries).
COTRUGLI is significantly impacting business networks in most countries in SE Europe, while at the same time reaching cultures and business environments worldwide. To highlight this statement, COTRUGLI Fund alone has invested over 3 million EUR into MBA Scholarships for the best and the brightest candidates from the leading companies.
Thanks to the full support of COTRUGLI, several initiatives were created that ultimately gave birth to Tolar HashNET.
One of the first initiatives was the creation of Blockchain Adria, which became a central place for blockchain ecosystem in SE Europe. In addition to regional conferences, meetups, and hackathons, Blockchain Academy was created with the world’s first Blockchain EMBA Program and Program for Certified Blockchain Developers, helping clients make the most of this fascinating technology.
The ongoing success gave the team the confidence and inspired the passion to move further. At the time, many projects in the blockchain arena were failing to deliver on their promises, in sense of becoming major solutions for businesses and governments around the globe. This inspired the start of a very unique project, one that could leverage on the main advantages of blockchain technology, resolve some of its main weaknesses and dramatically impact the global business.
…and that is how Tolar HashNET was created, unique in many ways:
Note: Contributors ERC-20 tokens that will be swapped with mainnet tokens once the mainnet launches. The ERC-20 tokens will start trading after ICO, which is scheduled on September 15.
Tolar’s HashNET has an asynchronous, gossip-based consensus mechanism that allows for lightning-fast processing of up to 200,000 transactions per second with low latency – and a prototype already achieved 150,000 TPS on June 28th!
At regular intervals, the DAG representation gets consolidated into a blockchain of strictly ordered transactions compressed with MimbleWimble technology. HashNET thus combines the advantages of a DAG-based asynchronous consensus mechanism with those of a synchronous blockchain-like data structure of finalised transactions – but a structure that is much smaller than a full blockchain and can even be stored on a mobile phone!
In addition, Tolar includes an implementation of the Ethereum Virtual Machine with Solidity smart contracts. This makes it an ideal platform for ICOs which can deal with familiar technology while profiting from all the advantages Tolar offers.
Presale is currently active and scheduled to finish on August 31. To register, you can fill out the KYC form here.