Hela Labs - Layer 1

Hela is Partnering with A*STAR’s Institute of High Performance Computing (IHPC) to develop a next-generation Layer 1 blockchain network with confidentiality-enhancing and consensus protocols, enabling new use cases and broader real-world adoption in the realm of Web 3.0.

Team is developing a modular blockchain architecture that segregates the consensus, execution, and storage layers. The team is also implementing cutting-edge confidentiality protection technologies, decentralised digital identity, stablecoin-based transaction fees, EVM-compatible wallet, user-friendly blockchain scanner, and tokenomics mechanism to stimulate the pertinent ecosystems. 

Through meticulous design and implementation of this innovative Layer 1 blockchain, users can expect significant improvements in transaction speed, enabling rapid and near-instantaneous transfer of digital assets. This accelerated pace not only saves valuable time but also optimises transaction efficiency, which is especially beneficial for AI and Fintech applications. Additionally, the blockchain incorporates a confidentiality mechanism, strengthening trust throughout the network.

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