Introducing Hela, a new type of blockchain system called a Layer 1 blockchain. It is designed to solve problems that current public blockchains have, which limit their use in different industries.

Hela focuses on four main issues with existing blockchains:

1. Data is fragmented and doesn’t work well across different systems.

2. There are not enough privacy protections.

3. There’s no good system for managing identities.

4. Transaction fees are unstable because they change with token prices.

Hela’s design includes a modular structure with an integration layer that improves how different systems work together, reducing data fragmentation. It offers flexible privacy protections through trusted execution environments (TEEs) and encryption, along with a community-driven system for regulation.

Hela also introduces a decentralized identity (DID) management system with multiple levels and suggests using stable coins to keep transaction fees steady, avoiding issues caused by volatile token prices.

These features allow Hela to potentially expand blockchain use to more real-world situations. By addressing issues like data fragmentation, privacy, identity management, and transaction fee stability, Hela aims to make blockchain technology more accessible and useful for everyday users.