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High Perfomance Blockchain (HPB)

UNDERVALUED

CRYPTOCURRENCIES

30th of January 2018

In a nutshell

In a nutshell

  • HPB (High-Performance Blockchain) is a blockchain hardware and software architecture, which includes a chip acceleration engine and the blockchain platform.

  • The aim is to solve the scalability and performance of the currently operating blockchains by working with them.They are aiming to be the world's first company to combine software with accelerated hardware to significantly improve ease of use and speed of data transfer and access.

  • The aim is to be used by the likes of Google, Uber, and BAT or any other projects that require the processing of millions of active users each day.

How is it used?

How is it used?

  • HBP is considered an EOS of China since it is designed with the goal of being an easy-to-use, high-performance blockchain platform.

  • To achieve that HPB was created based on an architecture similar to an API operating system and is introducing something called GVM (General virtual machine )

  • GVM is the solution used to allow HPB blockchain to work with other blockchains to enhance them and help them to scale.

  • Initially it will be working with NEO and Ethereum. HBP has been deeply involved with NEO from the beginning with angel investment coming from NEO.

Tokens

High Performance Blockchain Tokens (HBP) tokens:

  • around 22M tokens available with total supply of 100M
  • HBP is available on only two exchanges:
  • Bibox: 99% of volume
  • Allcoin: 1% of volume
  • This means you pretty much have to use Bibox to purchase the tokens.
  • Bitcoin is the more popular pairing (51% of volume), also paired with Ethereum with 49% of volume.
  • The token utility value is providing voting consensus to determine the updates and progress of the project.
  • It will also be used to provide data access licenses and requests data (for example, different hospitals' medical records). HPB tokens can be charged for the transaction costs.

Price

Current price: just over $9.20 for 1 HBP (30th of January)

Current market cap: around $205million

Market capitalization rank: 111th

Team

Team and community

  • Based in China.
  • Currently 6 people listed with 6 advisors and 4 angel investment members.
  • The CEO has been in blockchain for a long time and has been involved with NEO in the past. Other team members worked for the likes of Huawei and Intel.
  • Advisors and investors are impressive and include nobel prize winner, president of UnionPay, CEO of OkCoin, Transferwise and Bixin Wallet.

  • Website: http://www.gxn.io/en.html
  • Twitter: https://twitter.com/HPB_Global
  • Facebook: https://www.facebook.com/HPBGlobal/
  • Telegram: https://t.me/hpbglobal
  • Team: https://www.reddit.com/r/HPBtrader/

Where does it fit?

Where does it fit?

  • High Performance Blockchain is quite unique due to usage of hardware and software and combining both for impressive transaction speeds.

  • The software architecture offers features like accounts, identity and authorization management, policy management, databases, and asynchronous communication across thousands of CPUs.

  • Because of the fact that HBP will be working with other blockchains there is huge potential since it might be able to solve scalability problems of other platforms.

Roadmap

Roadmap

The future developments include:

  • March 2018 - HPB 1.0 testnet going live and becoming open source.

  • June 2018 - HPB 1.1 main net will be launched

  • end of 2018 - launch industry implementation solution plan where the collaboration with enterprises will happen

Predictions for the future

Predictions

The ATH is $13.65 and was achieved on 13th of January.

It's difficult to compare HBP to any existing projects due to unique aspects but EOS seems to be the more appropiate comparison.

The hype level around EOS is higher and it does seem to be further in development but the mcap of EOS is 8.4 billion which shows the potential of HBP.

At the current mcap HBP would have to do over x40 the current price to reach that mcap but keep in mind that the number of tokens in circulation will also increase.

Undervalued?

  • Missing from all big exchanges. Bibox is still very niche and almost 100% of the volume is on Bibox. Rumoured listing on Kucoin.

  • There is amazing potential since the project will be working with other blockchains so it will possibly be needed to solve scalability

  • Team is decent but the advisors and partnerships are the real deal and add a lot of value to the project.

  • Significant development updates incoming which should increase interest in the project.

  • Should increase in value if China becomes more crypto friendly.

  • Low mcap when compared to EOS.

Why is it undervalued?

KEEP IN MIND

KEEP IN MIND

  • Still very early in terms of the development so not much to show for now in terms of the progress.

  • Very ambitious so might be difficult to implement.