November is almost over, but our Amarathon continues. And today we would like to tell you about the AMA session with our friends from HPB Global. The AMA took place on November 25 and our guest was Xiaoming Wang, Founder and CEO of HPB Blockchain.<\/p>\n\n\n\n
The total reward pool was $500 $HPB and has been splitted in 2 parts.<\/p>\n\n\n\n
In this AMA Recap we will try to summarise the most interesting points for you.<\/p>\n\n\n\n
Mary | Satoshi Club: <\/strong>Hello, Satoshi Club! We are happy to announce our AMA session with High Performance Blockchain! @lvxing<\/a> welcome to Satoshi Club<\/p>\n\n\n\n D. | Satoshi Club: <\/strong>hello again Satoshi club! @lvxing<\/a> hello and welcome! 😊<\/p>\n\n\n\n Mary | Satoshi Club: <\/strong>@lvxing<\/a> welcome here 😀<\/p>\n\n\n\n Xiaoming Wang:<\/strong> Hi everyone, this is Bob (Founder and CEO of HPB Blockchain). Glad to be here and have a fireside chat with the Satoshi Club community. Thanks Satoshi Club for the invitation to have this AMA.<\/p>\n\n\n\n D. | Satoshi Club: <\/strong>good to have you here!<\/p>\n\n\n\n Mary | Satoshi Club: <\/strong>And thank you for coming today 😀<\/p>\n\n\n\n D. | Satoshi Club: <\/strong>Can you tell us more about your role and your vision for HPB?<\/p>\n\n\n\n Xiaoming Wang: <\/strong>I am the HPB Founder and CEO. I myself was a tech geek in the early Ethereum community, so I acted as a technical evangelist at HPB\u2019s early stage, and now my role is shifting to HPB\u2019s strategic plans. Currently, there are some on-going projects on HPB MainNet, although encountering some progress delays, I believe we will see some killer applications built on HPB blockchain. Mary | Satoshi Club: <\/strong>Nice<\/p>\n\n\n\n D. | Satoshi Club: <\/strong>impressive! thank you for intro! Now we will jump straight into the 10 best questions from Satoshi Club members<\/p>\n\n\n\n Q1 from Telegram user @Legrosbatard<\/a><\/em><\/p>\n\n\n\n I saw on the monthly report you work on an anonymous payment module. Is it compatible with China regulations and UnionPay partnership ? Could you tell me more about this feature?<\/strong><\/p>\n\n\n\n Xiaoming Wang:<\/strong> Anonymous payment is a tentative project initiated by HPB to enable HPB to support private payments. The current account system used by HPB does not have privacy. That is, the payment amount of HPB is transparent and the payment path can be traced.<\/p>\n\n\n\n This new initiative\naims to combine contract status privacy and zero-knowledge proof so\nthat HPB can be paid privately. The general technical route is as\nfollows: HPB is first converted to the token Hcash in the\nconfidential contract, and then Hcash is used as the carrier of\nprivate payment, combined with zero-knowledge and mapping for state\ntransfer, and then hcash is converted to HPB. At present, the project\nhas been under development. For more details, we will publish more\ndocumentations on this project, please stay tuned with our official\nsocial media.<\/p>\n\n\n\n Currently, this\nproject has nothing to do with the UnionPay Smart partnership. But\nbased on the previous agreement, if this project has mature outcomes\nand applications, UnionPay Smart has priority to use it.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Thank you for this complex answer<\/p>\n\n\n\n D. | Satoshi Club: <\/strong>thank you for answer! im a big fan of anonymous coins and tokens<\/p>\n\n\n\n Q2 from Telegram user @konditer_rolex<\/a><\/em><\/p>\n\n\n\n On\nyour website, you presented scenarios for using your blockchain. But\nas I understand it, these are just examples of what could be. Do you\nhave examples of the implementation of your blockchain already\nimplemented?<\/strong><\/p>\n\n\n\n Xiaoming Wang: <\/strong>HPB is a technologically innovative public blockchain, and the blockchain has a strong community with open source geeks. HPB Foundation is dedicated to developing high performance blockchain infrastructure for blockchain innovations, and we are open to innovative blockchain projects deploying on HPB MainNet to build a prosperous HPB ecosystem together. Moreover, we provide bounty rewards for development contributions. Developers can make development proposals or claim development tasks on gotoken.io<\/a>.<\/p>\n\n\n\n HPB already supports\nthe following infrastructure and DApps: Mary | Satoshi Club: <\/strong>I really like HPB infrastructure, thank you:<\/p>\n\n\n\n Q3 from Telegram user @PaoloMonte87<\/a><\/em><\/p>\n\n\n\n In one recent interview, one of your HPB partners (Jason HU) reportedly admitted that one of the main issues that the blockchain world as a whole is facing is related to consensus algorithm issues. Also, many public chains have already experienced security breaches. Xiaoming Wang: <\/strong>Like most blockchain systems, currently HPB Blockchain does not have the ability to fully resist the attacks of quantum computers. Technically, blockchain technology still can\u2019t resist this systematic problem of quantum attacks. Mary | Satoshi Club: <\/strong>Sure, great times ahead and with current progress we will see even more innovative things in the future<\/p>\n\n\n\n Q4 from Telegram user @AmirJosh<\/a><\/em><\/p>\n\n\n\n The\nHPB MainNet is running and stable for 2 years now with high security.\nThe HPB Partner Jason Hu said in one of your AMA; Xiaoming Wang: <\/strong>1. First of all, HPB and ETH isn’t a competitive relationship, but a cooperative relationship; the two parties have their own technical advantages, and have complementary needs for technology and business.<\/p>\n\n\n\n 2. Before the\nemergence of DeFi and NFT, there was less demand for low gas fee and\nTPS, and these current problems have restricted the ecosystem\ndevelopment of DeFi and NFT on ETH; and HPB blockchain is\ncomplementary to Ethereum for better scalability, which can lower\nblockchain projects\u2019 innovation cost.<\/p>\n\n\n\n 3. We always bear in\nmind that we are a blockchain technology driven project, and our\nmarketing plans should always support the R&D. Over-marketing or\nover-exaggeration will bring adverse effects to the project, but as a\npart of the project operations, we will continue our marketing\ncampaign to improve the awareness of HPB in the industry and build\nHPB\u2019s leadership in hardware acceleration blockchain. So, more and\nmore developers will come and build on HPB MainNet.<\/p>\n\n\n\n DeFi.Fund, a new\ninvestment initiative, has announced support for the development of\nthe DeFi ecosystem on HPB. Also, DEX and NFT projects initiated from\nthe HPB community are also developing to a tight schedule now. We\nbelieve that more and more developers will be attracted to the HPB\nMainNet with the growing awareness of HPB blockchain\u2019s strengths.<\/p>\n\n\n\n 4. At the same time,\nwe are upgrading the virtual machine of the HPB mainnet to support\nthe latest virtual machine of ETH, which is scheduled to be released\non 15 Dec 2020 with our next version of the MainNet. Moreover, we are\nalso actively moving forward our research work on cross-chain\ntechnology. This will allow projects on Ethereum to migrate to HPB\nMainNet smoothly and seamlessly. We believe we will see an unimpeded\nexchange of assets, data, and users across chains in the future.<\/p>\n\n\n\n Thanks for the\nquestion, we can move to the next one.<\/p>\n\n\n\n D. | Satoshi Club: <\/strong>thanks a lot for such a detailed answer!<\/p>\n\n\n\n Q5 from Telegram user @brodzonl<\/a><\/em><\/p>\n\n\n\n On\ntwitter one of HPB team members sent this message to Vitalik on\ntwitter. Xiaoming Wang: <\/strong>The scalability problem and high gas fee with transaction congestion hinders the development of Ethereum. As for HPB, it is a high-performance blockchain accelerated by hardware. Our BOE (Blockchain Offload Engine) is unique and innovative in the blockchain industry. With a TPS of 5000, the gas fee on HPB MainNet is comparatively low.<\/p>\n\n\n\n Concerning your\nquestion, at the start of our technical design of HPB, we made HPB\nsupport Ethereum\u2019s system for user accounts, virtual machine and\nsmart contracts, which provides a high performance on-chain\nscalability solution (hardware accelerated). Meanwhile, our team is\nalso exploring secure and stable cross-chain solutions, so HPB and\nETH ERC-20 assets can exchange freely and trustlessly.<\/p>\n\n\n\n By doing this, HPB\ncan help ETH Devs by giving them access to a parallel public chain\nthat looks familiar in set up (supports ETH VM, similar smart\ncontract template to ETH), but can cater for high on-chain\ntransaction volume services for which Ethereum is not yet ready.<\/p>\n\n\n\n About the gas fee\nsolution, the overall gas consumption is greatly reduced on HPB\nMainNet. You may wonder that by simply reducing the gas fee, could it\nmake the system vulnerable and bring more attacks. Of course, we have\nconsidered this beforehand and have worked on this to make our system\nmore robust. For example, by adding the low-gas replacement function\nof txpool, HPB MainNet is more secure in resisting DDOS attacks.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Yes, Ethereum gas fee solution is really actual now, it’s very important that you pay attention to this things<\/p>\n\n\n\n D. | Satoshi Club:<\/strong> it would be interesting to see how HPB and ETH can be work together. thank you!<\/p>\n\n\n\n Q6 from Telegram user @Idee01<\/a><\/em><\/p>\n\n\n\n Defi\nhas continued to dominate the trend while yield farming is pulling a\nhuge traffic but lack of security and privacy protection may hinder\nits development. How does High Performance Blockchain plan to provide\nDefi with reliable security and privacy protection, paving the way\nfor entry of institutional investors?<\/strong><\/p>\n\n\n\n Xiaoming Wang:<\/strong> The HPB team is putting a lot of efforts in researching confidential smart contracts. Confidential smart contracts can ensure privacy protection when the contract is executed correctly. More specifically, a confidential smart contract guarantees input privacy, execution privacy, and output correctness. Actually, DeFi itself is driven by smart contracts, and we believe that HPB\u2019s confidential smart contract can provide DeFi services with more security and privacy protection.<\/p>\n\n\n\n Mary | Satoshi Club: <\/strong>Crypto definitely needs more security and privacy protection! Thank you<\/p>\n\n\n\n Q7 from Telegram user @Brainchest<\/a><\/em><\/p>\n\n\n\n What\nis the main goal of creating HPB blockchain? I think the importance\nof such development is too overestimated. Creating your own hardware,\ncreating your own software. All to create a unique random number? Is\nit really so important or am I wrong and the HPB blockchain solves\nmore serious problems? <\/strong>\n<\/p>\n\n\n\n Xiaoming Wang: <\/strong>The starting point of HPB was to use the advantages of hardware to accelerate the blockchain performance. To date, we have been working on: (1) Using hardware random numbers to make the consensus algorithm of the blockchain more secure; (2) Using hardware to accelerate transaction verification, thereby increasing the TPS of the blockchain; (3) using hardware to accelerate the zero-knowledge verification process (researching and exploring).<\/p>\n\n\n\n D. | Satoshi Club: <\/strong>thank you! HPB can improve lots of things in crypto<\/p>\n\n\n\n Q8 from Telegram user @Pratze<\/a><\/em><\/p>\n\n\n\n I\u2019ve\nread from the HPB whitepaper that you have a partnership with\nUnionPay, but there is a rumour that HPB partnership with UnionPay is\nalready over, which one is true? Can you please give an explanation?<\/strong><\/p>\n\n\n\n Xiaoming Wang: <\/strong>HPB and UnionPay Smart established a formal collaboration very early, and completed the first phase of technical research and development cooperation towards the end of 2019, providing UPS with a user authorization \/ deposit authorization system. UPS has paid for Due to the\nregulatory environment changes, launching it on the public blockchain\nis not currently feasible for UPS; we are also very disappointed with\nthis.<\/p>\n\n\n\n Mary | Satoshi Club: <\/strong>Yes, regulations are pure pain! And it’s really great that you don’t stop and moving forward to the new partnerships!<\/p>\n\n\n\n Xiaoming Wang:<\/strong> At the same time, we are still actively working on new commercial applications, such as HPB\u2019s integration with SZ (https:\/\/www.sz.cn<\/a>), a decentralized social e-commerce platform. Right now, SZ has already built a 100,000 person community with over 200 BD Partners involved..<\/p>\n\n\n\n We keep working on\nthe HPB blockchain innovation and application and have never stopped.\nPlease stay tuned with us on our latest.<\/p>\n\n\n\n Q9 from Telegram user @mikenit890<\/a><\/em><\/p>\n\n\n\n Why\nexactly does your team need a sidechain of the HPB MainNet, capable\nof acting independently? Since most activities are run on the\nmainnet, why do you propose that the sidechain speed ought to be x50\nfaster than the Mainnet? Isn\u2019t the faster speed supposed to be on\nthe mainnet? Please explain. <\/strong>\n<\/p>\n\n\n\n Xiaoming Wang: <\/strong>The sidechain independent of HPB MainNet is an exploratory project based on HPB’s consensus algorithm, which can transfer the storage pressure caused by high volume of transactions. This project is still in the laboratory phase, and the team will disclose more information on concrete outcomes later.<\/p>\n\n\n\n Mary | Satoshi Club: <\/strong>Nice, more announcements are on the line<\/p>\n\n\n\n D. | Satoshi Club:<\/strong> very nice! interesting things ahead of us<\/p>\n\n\n\n Q10 from Telegram user @KhaleesiTheCryptoLady<\/a><\/em><\/p>\n\n\n\n What\nis the BOE Hardware Accelerator, what is its use? What are the\nadvantages and benefits it provides in HPB\u2019s ecosystem as well with\nthe users?<\/strong><\/p>\n\n\n\n Xiaoming Wang: <\/strong>HPB’s hardware accelerator, called the Blockchain Offload Engine or BOE, is installed inside each of the high-spec servers running an HPB node across the globe. These BOEs take pressure off server CPUs and drive some of the fastest transactions in blockchain (5000 TPS average). You can read more about our BOE blockchain accelerator here: https:\/\/www.hpb.io\/boe<\/a><\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Unbelievable speed. Thank you for your answers <\/p>\n\n\n\n D. | Satoshi Club: <\/strong>OK – we have some time for a few more topics that were raised from the advance questions from the community\u2026<\/p>\n\n\n\n Q11<\/em><\/p>\n\n\n\n The recent decision to suspend staking caused a strong reaction in the HPB community? What happened and what are your new plans?<\/strong><\/p>\n\n\n\n Xiaoming Wang: <\/strong>Here is a video about BOE\uff1a https:\/\/www.youtube.com\/watch?v=BepjNeUa5_s&ab_channel=HPBCommunity<\/a><\/p>\n\n\n\n Compared with the current mainstream public chains, the HPB team found that staking alone for a 5% annualised return is unsustainable; therefore, we initiated a community vote, which has not passed at present, so staking is suspended. A survey has been set up to get community input on 10 additional options here: https:\/\/forms.gle\/yg89T9DfEJfYY49Z6<\/a> and the discussion can be restarted on the topic, once the community have responded to the survey in higher numbers.<\/p>\n\n\n\n In addition, the DEX built on the HPB main network is undergoing testing. It has a liquidity pool and order book function. After it goes online in the future, it will provide the HPB community with the opportunity to trade assets.<\/p>\n\n\n\n Q12<\/em><\/p>\n\n\n\n How many node operators do you have and how can I apply to become a node?<\/strong><\/p>\n\n\n\n Xiaoming Wang: <\/strong>At present, HPB has more than 100 hardware acceleration nodes on the entire network. The new node election has not yet started. You can send an application email to node@hpb.io<\/a> for communication.<\/p>\n\n\n\n The specific\nrequirements are as follows: Q13 <\/em> <\/p>\n\n\n\n Xiaoming Wang:<\/strong> It is planned that after the latest HPB virtual machine goes online in December, further online blockchain pressure test results will be given. We provided a report already in 2019 here: https:\/\/www.hpb.io\/post-362<\/a>. Without sitting at the same test bench, it will be hard to convince a sceptic. But, the relative speed of transactions on HPB should be clear when you transact with our wallet, or play the raffle @hpbprice<\/a> as this records all transactions on-chain.<\/p>\n\n\n\n Q14<\/em><\/p>\n\n\n\n We hear that you have some wallet options? Can you tell us more?<\/strong><\/p>\n\n\n\n Xiaoming Wang:<\/strong> The wallets currently supporting the HPB MainNet are:<\/p>\n\n\n\n 1. The official\nwallet download address: 2. Community-developed wallet to use with Ledger and Trezor: https:\/\/myhpbwallet.com\/<\/a><\/p>\n\n\n\n 3. Metamask wallet: configuration guide https:\/\/www.hpb.io\/question-132<\/a><\/p>\n\n\n\n $250\/100s users were tipped $HPB to try HPB’s rapid fire rolling raffle, with a 1 in 5 chance of winning 8 HPB in each round! Raffle was hosted by HPB Price<\/a> <\/p>\n\n\n\n For more information and future AMAs, join our Social Media channels: Spanish\nTelegram group: https:\/\/t.me\/satoshi_club_spanish<\/a> Our partners:<\/strong><\/p>\n\n\n\n HPB Global Community: https:\/\/t.me\/hpbglobal<\/p>\n","protected":false},"excerpt":{"rendered":" November is almost over, but our Amarathon continues. And today we would like to tell you about the AMA session with our friends from HPB Global. The AMA took place on November 25 and our guest was Xiaoming Wang, Founder and CEO of HPB Blockchain. The total reward pool was $500 $HPB and has been […]<\/p>\n","protected":false},"author":5,"featured_media":3538,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/3537"}],"collection":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/comments?post=3537"}],"version-history":[{"count":3,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/3537\/revisions"}],"predecessor-version":[{"id":3541,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/3537\/revisions\/3541"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media\/3538"}],"wp:attachment":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media?parent=3537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/categories?post=3537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/tags?post=3537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Regarding the vision of HPB, it\u2019s still the same. We are dedicated to building a high performance blockchain accelerated by hardware for ultimate scalability and security. To build a prosperous ecosystem; hardware acceleration is the carrier. Together with confidential computing, it enables privacy sensitivity and computing values for broad commercial uses.<\/p>\n\n\n\n
\n1. HPB official\uff1a
\nHPB\nWallets (hot and cold)\uff1bHPB\nScan (block explorer)\uff1bin-wallet\nstaking, pledge, voting, and rewards supported by smart contracts,\netc.
\n2.HPB community initiatives\uff1a
\nOnline\ninterface for use with Ledger\/Trezor: https:\/\/myhpbwallet.com\/<\/a>
\nHPB\nRaffle Game in Telegram channel @hpbprice<\/a>\n
\nBlockchain explorer & DEX under Alpha testing now<\/p>\n\n\n\n
To address the security issues HPB already responds by adding another layer of security with the BOE hardware, which adds up on top of the \u201csoftware\u201d ledger component of the blockchain and embeds itself an hardware RNG (random number generator), therefore greatly increasing security.
At the same time, we\u2019re also hearing more and more the word \u201cquantum computing\u201d from news and media alike and \u2013 while quantum computers don\u2019t exist yet \u2013 it\u2019s general consensus that existing cryptography would be potentially vulnerable to it. Is HPB\u2019s software + hardware already designed to face this issue? Or maybe you\u2019re treating this as a concern that can be postponed, given the mainstream technological means currently available?<\/strong> <\/p>\n\n\n\n
Right now, our focus is still on HPB Blockchain and its ecosystem development. We may start some study on quantum computing later and will update the community accordingly.<\/p>\n\n\n\n
\n\u201cHPB\u2019s\nMainNet is a parallel world of Ethereum, with the same virtual\nmachines, smart contracts, and account system; but HPB transactions\nare faster and cheaper; and the code has been audited by\nKnownSec.\u201d
\nWith this statement, it looks like HPB is ahead of\nEthereum when it comes to efficiency and cost, but why can’t your\nplatform gather more attention and support from the community? Is\nthere marketing plans prepared by HPB to address this. <\/strong>\n<\/p>\n\n\n\n
\nHello, Vitalik. Faced with the rapidly developing DeFi\nproject on ETH, and the current high gas costs and transaction\ncongestion problems.
\nDo you consider cooperating with HPB to\nhelp solve these problems on ETH?
\nHow HPB can help Ethereum to\nmake gas fees cost lower than now and help in transactions problem\nEthereum blockchain currently has? (Asked by Jake Micheal <\/strong>\n<\/p>\n\n\n\n
the work we have done for them. Because of the non-disclosure agreement signed with UnionPay Smart, it is currently impossible to publicly disclose more specific information, but we could show you the Agreement in person if any community member visits our office.<\/p>\n\n\n\n
\nYou need to have a minicomputer\nwith a bandwidth of about 100MB. Please refer to this link for\ndetails:
\nhttps:\/\/www.hpb.io\/static\/file\/node\/HPB_NodePlan_en_\u82f1\u8bed_English.pdf<\/a><\/p>\n\n\n\n
\n<\/strong>We\nnotice that some of our members are sceptical about the 5000 TPS\nclaim. How do you respond?<\/strong><\/p>\n\n\n\n
\nHot wallet:\nhttps:\/\/www.hpb.io\/wallet<\/a>
\nCold\nwallet: https:\/\/www.hpb.io\/walletC<\/a><\/p>\n\n\n\nPart\n2 RAFFLE<\/strong><\/h2>\n\n\n\n
<\/strong>English Telegram group: https:\/\/t.me\/Satoshi_club<\/a>
Russian Telegram group: https:\/\/t.me\/satoshi_club_ru<\/a><\/p>\n\n\n\n
\nTelegram\nChannel: https:\/\/t.me\/satoshi_club_channel<\/a>
\nTwitter:\nhttps:\/\/twitter.com\/realsatoshiclub<\/a>
\nWebsite:\nhttps:\/\/esatoshi.club\/<\/a><\/p>\n\n\n\n