Lianan Interview 29th Issue丨HPB Core Chain Transforms in Reform and Embraces the DeFi Trend

HPB has been attracting much attention since its birth. As the first company to propose and realize "high-performance blockchain combining software and hardware", the challenges it faces are self-evident, so its every move has always attracted the attention of people in the currency circle. Recently, HPB has been very popular in overseas communities, and its currency price and trading volume have skyrocketed by 350%. Many investors are very curious about the reasons behind it.

Today, Lian'an Finance invited Jason, partner of HPB Core Chain, to be a guest in Lian'an Interview Room to share with us the wonderful story of "HPB Core Chain's transformation in reform and embracing the Defi trend"!

Jason, Partner of HPB

Jason, partner of HPB Core Chain, has been involved in the HPB Core Chain project since its inception and witnessed the creation and growth of HPB Core Chain. Jason comes from the software industry and is currently responsible for the management of operations and product lines at HPB.

Jason: The full name of HPB is: High Performance Blockchain, which is a high-performance public chain driven by hardware chips.

HPB Core Chain was initiated in March 2017, the test chain was launched in March 2018, the main chain was officially launched in August 2018, and the hardware true random number product was launched in 2019. It is the world's first public chain with deep integration of software and hardware.

HPB Core Chain is a public chain that adopts a brand-new software and hardware architecture. It combines the hardware acceleration engine (BOE) and high-performance software to achieve performance expansion of blockchain distributed applications. The TPS can run stably at around 5,000.

HPB has the following three characteristics:

1. The BOE hardware acceleration engine (Blockchain Offload Engine) independently developed by HPB is a highly compatible custom hardware chip with an embedded ECDSA module and a hardware random number generator.

2. BOE hardware accelerators form the cornerstone of the HPB core chain node network, which is composed of community voting and HPB Foundation invitations.

3. HPB Core Chain adopts PoP (Proof of Performance) consensus algorithm. Candidate nodes can run for election every 200 blocks through the consensus algorithm to become high-performance nodes.

Host: Compared with other public chain projects, what are the differences and advantages of HPB Core Chain?

Jason: Compared with other public chain projects, HPB has these differences and advantages.

First, let’s talk about the differences

1. Currently, all public chains on the market are based on software-level optimization and improvement, while HPB has pioneered a blockchain solution that combines software and hardware, greatly improving the performance of blockchain. In 2020, Huawei and Ant Financial both announced that they would adopt a solution technology that combines software and hardware. HPB proposed this design idea three years ago and launched it in 2018.

In order to realize the software and hardware solutions, we invested a huge amount of money. All the people in Xinlian worked day and night and spent more than a year to achieve success.

The threshold for hardware chips is very high. On the one hand, the R&D investment is high, and on the other hand, the design and development is difficult. Many public chains want to follow the HBP model, but they all gave up in the end.

2. The PoP (Proof of Performance) consensus algorithm built based on its own software and hardware features promotes the high-performance and stable operation of the entire network. This is also the first of its kind in the market and is gradually being adopted by some overseas projects.

3. The BOE accelerator based on the HPB global node generates hardware true random numbers through the accelerator's own physical random characteristics such as voltage, temperature, current, and network speed. It has ultra-high security and unpredictability, and is a world first.

Let’s talk about our advantages:

1. The TPS performance is stable at around 5,000, which has met the basic needs of current business and built a blockchain highway

2. Compared with other blockchain systems, the dual solution of software and hardware can better protect data and system security

3. Using our BOE hardware can greatly reduce transaction fees and server maintenance costs

4. Hardware true random numbers have broad application prospects to serve HPB's DeFi and NFT ecosystem.

Jason: From 2017 to the present, through bull and bear markets, the team has evolved from Xiaomi plus rifles to the collaborative operations of an international team.

HPB has noticed several developments and changes in recent years.

1. The chip-driven software and hardware blockchain solution, from theoretical proposal to design and implementation, is a major milestone, making the Chinese blockchain industry unique internationally.

2. Based on the characteristics of hardware chips, we will build our own public chain ecosystem, get rid of false prosperity, and invest in the research and development of real blockchain scenarios. We recently launched the blockchain game "Coin Sailing" with a million transaction volumes, and laid out Defi projects one year in advance. We have established in-depth cooperation with Nest and ChainLink, and are gradually making efforts.

3. The market and operation capabilities are gradually improved, the community consensus is steadily promoted, the market response is fast, and the value of HPB is truly understood by everyone by combining its own product characteristics and market hot spots. The recent performance of HPB is the highlight of its own value. When the market is full of bubbles, HPB can always stand out. In the final analysis, it is still the concept of insisting on R&D first, community autonomy and win-win, and giving back to community participants through its own continuous efforts.

Jason: 1. The HPB team never forgets its mission and sticks to its original intention. HPB's vision is to promote the development of blockchain technology, empower the real economy, and truly benefit the world. HPB has invested heavily in product research and development for this purpose. A firm and clear mission provides us with fundamental motivation. At the same time, after more than three years of technological accumulation and product evolution, we are full of confidence in the future of HPB.

2. HPB adheres to a pragmatic development strategy and attaches importance to reform, which has injected vitality into the project for continuous evolution and improvement. It should be mentioned here that we carried out a systematic reform of the HPB Core Chain team structure at the end of 2019. Through this reform, HPB Core Chain has ushered in a transformation and improved the overall efficiency of the organization. At the same time, more power will be delegated to the community, community autonomy will be opened up, and the level of HPB community governance will be improved, which can fully mobilize the multi-party forces of the community to contribute to the development of the project.

3. Finally, the development funds of HPB are sufficient. HPB received two rounds of investment in 2018, with a total financing amount of tens of millions of US dollars. The funds currently held by the foundation can provide sufficient financial support for HPB's various work.

Jason: DeFi is the hottest topic at the moment. Although DeFi is very popular at present, it still accounts for a very small proportion compared to traditional finance. It will be a billion-dollar market in the future.

In the hot market, there are actually many security risks. The recent collapse of projects such as YAM is the best example.

1. The current market is crazy and irrational, and the project party has not done a good job in contract and security audits, resulting in frequent contract loopholes and random number loopholes.

2. The actual social benefits of DeFi need further exploration, otherwise it would be putting the cart before the horse and would be a temporary solution.

3. DeFi innovation needs to switch to the real value of real society and cannot be actively limited to lending, staking, holding coins for interest, oracles, etc.

Jason: In fact, HPB had already laid out DeFi a year ago and signed strategic cooperation agreements with Nest and ChainLink to explore and research DeFi.

DeFi is a milestone for blockchain and the real world, and is an infrastructure. HPB will be the DeFi behind DeFi, providing hardware random numbers and a high-performance public chain trading platform for DeFi, which is the cornerstone of DeFi.

1. Hardware true random numbers provide a reliable data source for DeFi.

2. Hardware-driven high-performance public chain with low cost and fast speed, providing reliable, fast and low-cost basic services for DeFi.

3. The application layer and contract layer are compatible with ETH and can be migrated with one click at extremely low cost.

Jason: 1. We will continue to promote the building of domestic community consensus and plan to initiate community market cooperation with hundreds of well-known domestic communities and media; optimize and reconstruct HPB's community volunteer program, and establish a comprehensive consensus communication system including community management, market promotion, and in-depth reporting.

2. Continue to promote consensus building in overseas communities, consolidate the user base of foreign communities, actively expand KOL cooperation plans, establish operation site plans in various continents, expand market promotion in Europe, the United States, Southeast Asia, South Korea, and Japan, and further establish global consensus.

3. Embrace innovation, provide basic services for DeFi and NFT, participate in it through the technical strength of the community, and vigorously promote the cooperation and implementation of hardware random numbers in random number application scenarios such as digital exchanges, blockchain media, and live broadcast platforms.