Article Summary, Automatically Generated By AI
Summary of HTMLCOIN
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Key Features:
- Decentralized Proof-of-Work/Proof-of-Stake hybrid blockchain
- Fast and secure transactions
- Integrates Ethereum EVM (HVM) for running multiple Dapps/programs
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Blockchain Details:
- Uses Double SHA-256 algorithm for security
- Real-time 51% attack checkpoints
- Extendable design for adding virtual machines (VM)
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Wallets and Services:
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About HTMLCOIN: Empowering the Future of Blockchain
HTMLCOIN serves as the foundation and fuel for the Althash hybrid blockchain, a decentralized Proof-of-Work/Proof-of-Stake ecosystem that facilitates fast and secure transactions. By leveraging the hashing function and base layer of Bitcoin, the HTMLCOIN environment ensures a secure blockchain and irreversible address mapping. Furthermore, it integrates Ethereum’s EVM, also known as HVM, to support the seamless execution of multiple decentralized applications and programs, thereby creating a worldwide, failsafe, and secure computer system. This integration also enables the creation of Ethereum-based Smart Contracts. The Althash blockchain empowers users to build and power ecosystems on its platform using HTMLCOIN, effectively giving rise to a diverse ecosystem of tokens, including HRC20 (ERC20) fungible tokens, HRC721 (ERC721) for non-fungible tokens (NFTs), and complex programs that facilitate the minting of adjustable new tokens. These tokens are instantly deployed on the mainnet according to specific requirements. Notably, the HTMLCOIN development team emphasizes that a standard transaction (Tx) incurs a relay fee of 0.004 HTMLCOIN. In essence, an independent ERC20-based project can seamlessly deploy on the Althash blockchain using the same ABI and object code as Ethereum, offering a cost-effective alternative with lower gas fees.
To safeguard its network, HTMLCOIN employs a robust Double SHA-256 algorithm, rendering it significantly more resilient to breaches than its SHA-256 counterpart. Notably, the likelihood of partial attacks, which compromise brute force resistance, may increase in the coming decades. In such scenarios, SHA256 would become increasingly vulnerable, whereas Double SHA256 would remain impervious. The network features real-time 51% attack checkpoints, ensuring the integrity of the ledger. Furthermore, it leverages an external set of trusted parties that operate a secure assisting service, guaranteeing the ledger’s properties and providing an added layer of assurance during periods of low invested hashing power.
The Althash blockchain boasts an extensible design, allowing for the seamless integration of additional virtual machines (VMs) as project requirements dictate. Miners and stakers are rewarded through the desktop wallet, while a lightweight, mobile-ready Althash wallet is also available for on-the-go convenience. Notably, Althash developments and affiliated projects, such as CodeX, offer a comprehensive suite of services, including Blockchain as a Service (BaaS) and compatible applications like Cody (@CodexWalletBot). This innovative wallet enables users to tip, airdrop, send, or receive various tokens globally or within specific rooms on Telegram, accessible via mobile or PC, regardless of operating system. Furthermore, Cody’s private key can be utilized by all other Althash wallet implementations, ensuring maximum failsafe redundancy, even in distributed ecosystem implementations. This synergy fosters an efficient ecosystem of cooperation, yielding effective results through the harmonization of efforts and solutions.
HTMLCOIN was founded by Amando Boncales, PhD(c), who envisioned blockchain science as a catalyst for creating disruptive technologies that could empower individuals to break free from centralized systems and economies. Conceptualized in early 2013, HTMLCOIN was launched on March 8, 2014, based on the Bitcoin Core algorithm, initially under the name of HTML, and later rebranded as HTML5 in 2015. In 2017, a novel algorithm was implemented, and a coin swap was initiated in November of the same year, culminating in the adoption of the HTMLCOIN name. The revamped HTMLCOIN environment, facilitated by an Account Abstraction Layer, enabled an account-based virtual machine to operate on a Bitcoin UTXO-based blockchain, augmented with attributes akin to QTUM and Ark.
Beyond this, the Althash University operates a certification program, offering online courses focused on Blockchain Technologies and Software Development. This initiative is designed to equip future professionals with the skills necessary to tackle the forthcoming challenges that the cryptospace is poised to encounter over the next decade.