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What platform is on the HEC blockchain (Is GEC the best blockchain)?

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What platform is on the HEC blockchain? HEC is a public chain built on Ethereum

What platform is on the HEC blockchain (Is GEC the best blockchain)?

What platform is on the HEC blockchain? HEC is a public chain built on Ethereum technology, dedicated to solving trust issues in the landing of Internet applications. In the past two years, it has processed nearly billions of transactions.

According to reports, in March of this year, the US cryptocurrency exchange Coinbase announced a partnership with New York-based enterprise eosStore to launch a decentralized payment network, Hex, aiming to provide consumers with convenient and secure options to purchase services using cryptocurrency. It is reported that the system will support over 20 types of digital assets, including Bitcoin, Ethereum (ETH), Litecoin, etc., for payment, remittance, financial applications, storage, transfer of virtual assets, etc.

Is GEC the best blockchain?

Editor’s note: This article is from Baihua Blockchain (ID: hellobtc), author: Yang Shu, authorized reprint by Odaily.

Hello everyone, I am the host Xiao Maoge of Baihua Blockchain; today I want to share a topic with you:

If Bitcoin is a decentralized currency, then I think the best blockchain should be GEC, and GEC is more like a “smart contract.” Let’s take a look at this article. In fact, many friends are still unfamiliar with GEC, but what I want to tell you is that although GEC is still the most popular and promising token at the moment, it has been developed for more than a year in the past two years, but its use cases and technical abilities have been weak, and there are also flaws such as security risks: such as poor user experience, high transaction costs, etc. These make it a new type of encrypted asset. At the same time, since the upgrade of Ethereum 2.0, there have also been projects similar to Bitcoin that adopt PoW+Proof-Of-Stake mechanism, so it can be said to be very suitable for long-term development. So how to look at this new project? First, we need to understand what GEC is. What is GEC? Simply put, it is to use Bitcoin as a virtual machine on the underlying public chain, and through mining, various valuable applications or products are generated. When the nodes in the network reach a consensus, they can create their own digital wallets or store their data on the blockchain and perform calculations, and then generate corresponding hash values and other tokens in the appropriate amount. At the same time, to ensure security, transparency, and stability, a certain upper limit can be set for the account of each participant. For example, the minimum limit of 1 Bitcoin can be set, and a new hard limit reward (maximum limit of 40,000 tokens) can be added every 12 hours, reducing the upper limit of the wallet balance to choose from.

So, from the current perspective, the main advantages of GEC include:

1. No reliance on centralized intermediaries, does not affect the security of users’ funds.

2. Does not rely on trusted third-party companies to manipulate the market. In this case, as long as someone wants to buy, they will automatically gain profits.

3. No central authority will interfere with the exchange and related parties, thereby achieving anonymous transactions and preventing money laundering. In addition, GEC is also a public chain based on the Proof of Stake protocol, which allows more applications to run easily. Compared with other mainstream encrypted projects such as Bitcoin and Ethereum, GEC has better performance and faster speed. In addition, he mentioned that his holding of EOS does not need to pay any fees, but can flexibly configure voting weights according to actual situations.

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