INTRODUCING THE HELIOS PROTOCOL

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INTRODUCING THE HELIOS PROTOCOL
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The world we live in today has been shaped by several revolutions. From the stone age, bronze age, iron age to the renaissance period, industrial revolution, etc. Digital currency Bitcoin was created in 2009, this singular innovation plunged the world into another revolution. Before the inception of Bitcoin, our world was composed of a financial system controlled by a small group of powerful persons. We looked forward to a time when everyone will have complete and autonomous control over their funds. Bitcoin brought this much awaited freedom in 2009.

Bitcoin is the first of several decentralized global digital currency that made it possible for anyone to purchase anything in the world within minutes. Bitcoin completely eliminate the need for third parties (financial institutions) when carrying out transactions. This means that outrageous bank charges will no longer exist and only a small service charge most times equivalent to $0.01USD will be required when carrying transactions. 

BITCOIN AND SCALABILITY 
Bitcoin however has a huge problem, as it grew in popularity and more people began to use it services, it became quite obvious that it would have a lot of scaling issues. Nine years after it was created, its transaction fee was as high as $20USD. Transactions also took place at a slower pace with confirmation time as high as 100 minutes. With all this issues affecting Bitcoin, it became clear that we need a better solution. Many researchers have tried to fix this issues, making changes such as reducing block interval, increasing block size, carrying out transactions off-chain, making use of a directed acyclic graph (DAG) architecture, network sharding etc. This solutions however only brought about temporary respite. These solutions find it difficult to take care of the transaction volume of today talk more of scaling into the future.

ETHEREUM BLOCKCHAIN 
Vitalik Buterin created a blockchain protocol called Ethereum that carried out complete turing of programming languages. This blockchain made it possible for developers to design dApps and smart contracts that could be stored on blockchain, making it possible for anything to be stored on a blockchain not just currency. Ethereum took blockchain to a whole new level, opening up new use cases for blockchain in several sectors like voting, healthcare, social media, government, fintech, education, supply chain, legal arbitration, etc. However like Bitcoin, Ethereum is also facing scalability issues. 

THE HELIOS PROTOCOL
Looking to solve Bitcoin scalability issues, the Helios Protocol was created. The protocol plans to solve this issue by handling huge transaction volume and ensuring scalability not just today but into the future. The Helios protocol is a blockchain protocol with all the positive qualities of the blockchain, yet one with the ability to solve all the scaling issues facing blockchain projects. This protocol is according to estimates 50 million times faster than Bitcoin. It also linearly increases transaction volume according to the number of users, this results in an almost infinite scaling into the future. The protocol also makes use of between 6000 to 9000 less energy than Bitcoin, while still ensuring the same level of reliability and immutability. This will definitely result in lesser transaction fees than both Bitcoin and Ethereum.

HOW IT WORKS 
Looking at conventional blockchain protocols, there is usually a main blockchain that stores all transactions. The Helios protocol will replace this singular block process with a parallel process. This means that in the place of a single blockchain, every wallet address on the Helios protocol will have its own blockchain, each blockchain will store transactions to and from the owner wallet only. When a new transaction is carried out, a new block is created. 

The idea behind the Helios protocol is the cash-based monetary system, where the only person involved in a transaction are the buyer and seller. This method allows the protocol to grow linearly, allowing the Helios protocol to be able to scale  infinitely into the future. 

PROTOCOL PROPERTIES 
●	Every wallet has its personal blockchain.
●	A new transaction results in the addition of a new block at the top of the buyer and receiver blockchains.
●	A wallet address blockchain can only store transactions to or from that wallet.

THE HELIOS PROTOCOL GOALS
The Helios protocol plans to achieve several goals, some of them are:

●	Ensuring strict adherence to bitcoin positive qualities such as decentralisation, trustlessness and immutability. 
●	Ensure scaling so as to take care of future transaction volume alongside ensuring low transaction latency.
●	Low transaction fees both now and in the future. 

THE HELIOS ETHEREUM TOKEN
The Helios protocol will be giving out the HLS token. The HLS token is built in the Ethereum blockchain and will ensure active participation since the mainnet is still being developed. The Helios protocol will not be carrying out an ICO, all tokens will be given out as bounty, airdrops or to fund dApp creation. This will ensure that all strong community members, social media influences, hardworking developers, and all those helping to build the Helios community are adequately rewarded. 

IN CONCLUSION 
The Helios protocol bring to blockchain much needed solution to scalability issues, transaction speed and time etc. To ensure the continual growth of the Helios Protocol, HLS tokens will be given as rewards to dApp developers, social media influencers and other active members in the Helios community.

USEFUL LINKS
Website: https://heliosprotocol.io
Whitepaper: https://heliosprotocol.io/#project-tabs-indicator-white-paper
Telegram: https://t.me/joinchat/GSuKeBGme_EoTjHCiGmupQ
Twitter: https://twitter.com/HeliosPlatform
Facebook: https://HeliosProtocolPlatform
Github: https://github.com/Helios-Protocol

Authors Detail
Email- shinningaudy@gmail.com
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