Ninjastic
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Board Announcements (Altcoins)
Re: [ANN] HAZZA Global Unified Payment Network - Featured on CNBC, Bloomberg
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HAZZA Network
on 08/11/2017, 07:24:24 UTC
Quote from: truongdhnh on November 08, 2017, 05:24:02 AM
Quote from: bonboniecoke on November 07, 2017, 03:14:15 PM
Quote from: HAZZA Network on September 20, 2017, 05:49:03 AM
Quote from: Northa on September 19, 2017, 11:10:24 PM
Hi HAZZA Network Smiley
Everyone knows that blockchain scalability is a major problem. Hazza provide a payment system. Well, Is there a solution to the scaling problem?

Hi Northa,

Excellent question.

Remember that the technology behind HAZZA is a migration of Octo3's existing payments solution (which is centralized and is processing transactions today) to blockchain. The transition is in stages, so initially what will be migrated to will be the registration and network access services, which does not require a high tps. This is essentially the 'opening' up of the payment system. At this stage, the core transaction engine will still be centralized. It would be accurate to say that this phase adopts a hybrid model.

The ultimate envisioned goal is to have the entire solution on to blockchain, in a decentralized manner. The biggest strain in terms of transaction per second comes from the core transaction engine. At this stage we will be ready to do an evaluation of the appropriate technology. What is interesting is that we are not limited to Ethereum blockchain for this part of the migration. We have a couple choice categories:

- Use of off-chain scaling solutions (RAIDEN, Lightning)
- Use of blockchains that can handle high TPS (for example NEM, EOS)
- Creation of our own high tps blockchain






It will be truly disruptive to payments industry when entire solution is fully migrated onto blockchain.

What is even more exciting is the many more tps blockchains being developed eg. BOScoin targets 1000tps.





This is the place to discuss Hazza coin. You would like to introduce Boscoin to other threads in the Altcoin Discussion. Dev, Is Today token activation day?

There has been some changes, stated in the above notice dated 7 Nov 2017

Here is a summary of some key points:
- Phase 1 migration starts on 8 Dec 2017, can completes in April 2018 (3 months earlier than expected)
- Private sale is extending until April 2018, due to allow internal settlement for institutional interest. Purchase price for 1 HAZ token will increase to US$0.58 on 8 Dec.
- Token activation is now 14 April 2018

So in April 2018, 3 things will happen - Close of private sale, HAZZA network go-live, and token activation.