©2018 by HPB Community.

  • Nicemans

Latest Q&A from team

Q: Can someone explain how the inner part of the consensus algorithm works.

A: New whitepaper explains this thoroughly. See pages 9-12.

Q: I would like to know more about the key exchange number and its usefulness. In the whitepaper there is a mention of an anonymous voting that involves hash queues which is not mentioned when explaining the inner election consensus mechanism, does anybody understand what is that ? What exactly does the Commit submitted by the nodes via the BOE engine include? I would appreciate a lot if someone could answer my questions.

A: New whitepaper explains this. See pages 9-12.

Q: Will the wallets be open source as the rest of HPB is? It would be very nice as it'd be easier to create a community wallet such as MyHPBWallet or something from looking at how the mobile ones work.

A: After a few wallet updates, the HPB Foundation could make the wallet open source. We very much welcome the community to (co)-develop new wallets.

Q: Within the election process, what info about the nodes do WE get? Amount of HPB, Location, Network Speed!?

A: Currently users can see the following: amount of HPB votes cast, location, and a description of the node holder. We may consider showing more details in the future.

Q: As for the security audit, will we get the results too or is it just internal for HPB foundation?

A: From a security perspective, no material bugs/errors were detected. From an UI perspective, there were a few minor bugs, which we have fixed. We can say with confidence that the assets of users are fully protected and are not susceptible to security risks.

Q: Do we know the pay-out frequency to nodes?

A: Our team will prepare an announcement after the release of MainNet.

Q: Do we know yet if the dApps will be required to deposit the "held" tokens as sort of security/escrow or are they free to withdraw them at any time? Also, when they say "more smoothly" does that mean the number of held tokens will affect the speed/priority of transactions on the platform or is it just to cover the cost of transactions?

A: This is not needed anymore. For security reasons, the HPB Foundation has decided to implement a gas-model similar to Ethereum. DApps are no longer required to stake their tokens. However, they do need to purchase HPB coins to use as fuel for their eco-system.

Q: How many digits will HPB addresses have after the tokenswap?

A: HBP address convention is the same as Ethereum. So therefore the same maximum of 18 digits and letters apply.

Q: If there are tx levels at the base level (non-DApp) then what prevents someone from coming up with a DApp (and parks the necessary number of tokens) that would be an alternative transaction channel to bypass this tx fee?

A: This is not possible anymore, because we have implemented the Gas model for the entire network. The team will prepare a clarification about the structure of rewards, fees, etc after the Open MainNet launch

Q: How does HPB plan to incentivise developers to build on HPB?

A: There are multiple ways in which HPB incentivizes developers to build on HPB.

Firstly, we offer developers a user friendly environment for development. Through our open-source API, developers can develop SDKs using any programming language, including but not limited to Python, Java, C++ etc. Our team can also provide active support to (co)-develop new features.

Secondly, we may issue bounties for certain milestones. For example, developing a desktop wallet may yield developers a certain amount of HPB Coins.

Thirdly, we are currently building new incubation spaces in different geographic locations in order to support and enable developers to kick start their own projects.

Finally, we are always open to new suggestions from our community to further incentivize enthusiasts to actively expand our ecosystem!