HOW HELA ENABLES PRIVACY PROTECTION AND PROVIDES FLEXIBILITY AND AUDITABILITY
Hela leverages a Trusted Execution Environment (TEE)and cryptography (e.g., asymmetric and symmetric encryption, key exchange algorithm, secret sharing) to provide confidentiality.
WHAT IS A TRUSTED EXECUTION ENVIRONMENT (TEE)
A TEE is a hardware component providing a secure area of a main processor that guarantees code and data loaded into the TEE is protected with respect to confidentiality and integrity. It provides a shielded execution space, separate from the rest of the device, where applications can run securely even if the wider system is compromised.
This is achieved by ensuring that the code and data residing inside the TEE are inaccessible to other software running on the same device, including the operating system.
Additionally, the TEE remains isolated from the ’hypervisor’—a software layer that allows multiple operating systems to run on a single physical machine by virtualizing the hardware resources.
HELA ON PRIVACY PROTECTION
For privacy protection, TEE has certain advantages over zero-knowledge proofs (ZKP). ZKPs are cryptographic methods which allow one party to prove to another that a given statement is true, without conveying any additional information.
ZKPs are also potent tools for privacy protection, they can be computationally expensive and complex to implement, often requiring significant resources and time. On the other hand, TEEs, by their design, offer a more streamlined and efficient solution
NOTE :TEEs can process large amounts of data quickly and securely, providing real-time data protection. They do not require heavy computational resources, and are thus more cost-effective and scalable.In addition, TEEs offer a versatile solution, as they can handle various types of data and different forms of computations, while ZKPs may require specific constructions for different types of computations.
Will you love to know more about HeLa confidentiality system?
After observing the various issues existing across the current blockchain ecosystems, we are motivated to propose Hela, a next-generation Layer 1 public blockchain network. Hela’s objective is to solve the issues that blockchains has been facing which will make it a very adoptable Layer 1 blockchain compared to what is currently available in the market.
HELA’S PROPOSAL TO SOLVE BLOCKCHAIN PROBLEMS
To address the issues that blockchains has been facing over the years and achieve our objectives, Hela has made the following key design proposals.
1. HeLa propose a modular architecture with an integration layer to address the problem of data fragmentation and poor interoperability. By using our novel integration layer, users and Dapps can interact securely and efficiently with each runtime and other chains at this layer.
2. HeLa propose flexible and auditable confidentiality and multi-level decentralized identity management to balance privacy protection, personal sovereignty, and the compliance and auditability of data.
3. Finally, HeLa propose the use of stablecoins for transaction fee settlements to reduce the impact of price fluctuations on users and enhance usability.
In addition, Our communitydriven token governance model also adds transparency and decentralization to the process of managing tokens in Hela, benefiting its long-term operation
HeLa has solved lots of blockchains problems and are aiming into bringing Web3 to real-world adoption.
HeLa is laughing their guardian NFT soon
Don't miss out guys,Join the Waitlist is you haven't
I'm subscribed!
👥 Stay in the loop:
1️⃣ Waitlist: http://guardian.helalabs.com
To be a part of HeLa amazing community, you cab join us on Discord
discord.gg/8BKwtWvjDd
Your ideas and contributions will help grow and build HeLa to the highest level
THE USE OF STABLECOINS AS TRANSACTION FEES IN HELA (HLUSD)
Do you know that for HeLa to ensure transaction fee pricing does not fluctuate based on the volatility of the native token, Hela proposes to use stablecoins for transaction fee settlement.
Since the actual processing of users’ transactions occurs at the execution layer, the settlement of transactions via stablecoin also occurs at the execution layer (by default within the official runtime).
Hela uses a gas fee model similar to that of Ethereum, where the gas fee consumed per transaction is related to the complexity of the transaction. The gas fee is in turn converted equivalently to stablecoin for settlementTherefore, Hela implements stablecoin support at the lowest level of the execution layer, making them a native token of the official runtime.By default, the stablecoin used by Hela is HLUSD (HelaUSD), a fiat-collateralized stablecoin anchored to the U.S. dollar 🔥.
Moreover, HLUSD is backed by "off-chain" reserves of FIAT currency - the "collateral". A regulated company is responsible for controlling the FIAT funds and minting or burning the HLUSD tokens in the runtime accordingly.
To bring to your notice,HeLa design a dual token mechanism in the official runtime. Specifically, HLUSD exists as a native token in the official runtime, while HELA will be stored in the form of ERC20 tokens in a system-level smart contract.In conclusion, in Hela, HELA tokens are produced on the consensus layer, while HLUSD is minted in the execution layer (the official runtime).
In addition, in Hela, HELA tokens are produced on the consensus layer, while HLUSD is minted in the execution layer (the official runtime).
If you are not part of HeLa community then you are already missing out
Join us on Discord : https://discord.gg/8BKwtWvjDd
We await your contributions and active participation 👌
Hela 代表了下一代第 1 層區塊鏈協議,它建立在 Web 3.0 原則之上。Hela 採用以用戶爲中心的方法設計,通過提供增強的資產集成、靈活的個人主權和卓越的用戶體驗來增強用戶的能力,同時確保其數據的可審計性和合規性。
HELA 中的質押委託
委託
質押委託是一種機制,允許參與者將其質押權委託給網絡上的其他驗證者。
在 Hela 上,質押涉及持有和“質押”一定數量的 HELA 代幣作爲抵押品,以保護網絡並參與區塊驗證。但是,並非每個人都擁有技術專長、資源或競爭優勢來運行其驗證器節點或有效支付與節點操作相關的成本。質押委託通過使個人能夠將其質押權委託給可以代表他們執行驗證過程的可信賴且稱職的驗證者來解決這一挑戰。通過委託他們的質押,參與者仍然可以獲得質押獎勵。
然而,在 Hela 中,用戶的資產將由安全集成層管理。當發生跨運行時交互時(例如,運行時 A 中的用戶想要調用運行時 B 中的合約),用戶的資產實際上並沒有跨運行時轉移。相反,集成層定義了一系列跨運行時通信協議。這些操作由集成層協調,通過向相關運行時傳遞不同的消息(例如,將其需要的運行時A用戶的資產信息以虛擬資產的形式發送給運行時B的合約)。
Hela represents the next generation of Layer 1 blockchain protocols, built upon the principles of Web 3.0. Designed with a user-centric approach, Hela empowers users by providing enhanced asset integration, flexible personal sovereignty, and an exceptional user experience, while ensuring auditability and compliance of their data.
HELA’S GOAL
Our shared goal is to create a blockchain protocol that can handle a high volume of transactions while maintatining security and decentralization.Together, we share the same vision of bringing blockchain technology to the real world and making it accessible to everyone. HeLa is taking over web3 💪
CONSENSUS LAYER (Hela Nucleus) The consensus layer of Hela serves as the core of the entire system, akin to the nucleus of Hela. It adopts the Tendermint as the consensus protocol, which is based on Byzantine-Fault-Tolenrant (BFT) and Proof-of-Stake (PoS).
For security reasons, HELA permits qualified entities (e.g., those that have successfully completed KYC) to vie for a position as consensus nodes in the consensus committee by staking HELA tokens. To promote decentralization, other individuals can also indirectly engage in the consensus process by delegating tokens to existing nodes.
To incentivize honest participation from consensus nodes and ensure the security and sustainability of the Hela ecosystem, nodes are rewarded or penalized with Hela tokens based on their behavior. The effectiveness of such an incentive mechanism relies on a rigorous proof of soundness. Leveraging our expertise in security and economics, we have meticulously designed and analyzed our incentive mechanism to ensure its robustness and efficacy.
Capitalizing on its modular architecture, Hela separates resource-intensive transaction execution from the consensus layer. As a result, the consensus layer is tasked with lightweight operations such as transaction validation, node management and stake allocation.
For follow up: Join on Discord: https://discord.gg/tjyDsQNRTn
HeLa 爲每個人提供了一個絕佳的機會,成爲 HeLa 成長和成功的獨特貢獻者,HeLa 是一個模塊化的第 1 層區塊鏈,爲遊戲、DeFi、DePIN 等各個領域的 Web2 和 Web3 提供 AI 基礎設施。HeLa 由法定支持的穩定幣 (HLUSD) 提供支持,提供了一個充滿活力(活躍且引人入勝)的社區和全球擴張機會。 Hela 的大使計劃正在進行中,我們正在招聘創意作家🖋 和獨特的內容創作者,以將 HeLa 推向最高水平。
In HeLa,The concept of a decentralized Identity (DID) is crucial as it empowers individuals with ownership, control, and portability of their digital identities, enabling enhanced privacy, security,and interoperability in the digital realm
KEY REQUIREMENTS IN DECENTRALIZED IDENTITY
In the current DID landscape, there is a pressing need for the following;
(1) credential service providers:The credential service providers is needed in decentralized identity to facilitate the issuance and verification of verifiable credentials (VCs)
(2) A reliable DID service provider: It aid in offering confidential authentication mechanisms to enhance privacy and security.
(3) The development of user-friendly DID wallets: This development of DID wallets helps in improving accessibility and ease of use for individuals, corporates and, other entities managing their DIDs and VCs.
NOTE: Hela is designed with a user-centered approach. Drawing inspiration from well-established projects like Tendermint, Cosmos, and Oasis as implementation references, Hela differentiates itself through unique and customized designs. These include a multi-layer modular architecture with a novel asset integration layer, autonomous and controlled multi-level privacy protection, comprehensive and fine-grained digital identity management, as well as stable and affordable transaction fees
HeLa is continually bringing Web3 into real-world adoption 👌
Multi-Level DID ManagementHELA AND THE BLOCKCHAIN PROJECTS
Over the years ,blockchain projects has been facing some serious core problems that has prevented the blockchain technology from leading the way to more suffusive applications. These core problems are listed below ;
1. Inadequate Confidentiality Mechanisms. 2.Volatile Transaction Fees. 3.Insufficient Data Integration and Interoperability 4. Lack of Identity Management.
1. Inadequate Confidentiality Mechanisms:
Many existing blockchain protocols lack confidentiality.All transactions can be inspected by anyone with access to the respective blockchain explorer.
2. Volatile Transaction Fees:
In the current blockchain protocols, users need to purchase protocol-specific tokens to pay transaction fees and use the corresponding features. However, the fluctuation of token prices is often very dramatic.
3.Insufficient Data Integration and Interoperability:
Although the scalability and customizability of blockchains has been enhanced with the introduction of various modular blockchain systems and Layer 2 protocolsthese enhancements have been accompanied by increasing data fragmentation and poor interoperability.
4. Lack of Identity Management.
In many existing blockchains, users are usually anonymous. This anonymity makes it difficult for many existing blockchain protocols to control the identity of users and poses security issues such as Sybil attacks.
HOW HELA SOLVE THE BLOCKCHAIN PROBLEMS Hela has stepped in to solve the blockchains problem by offering;
1. Modular Architecture with Integration Layer: Hela adopts a modular architecture to provide better customizability and scalability.
2. Flexible and Auditable Confidentiality:To provide flexible confidentiality, Hela applies a design combining the trusted execution environment (TEE) and the encryption mechanism.
3. Multi-Level DID Management: Hela provides multi-level decentralized identity (DID) management for users. Hela’sDID management protocol follows the W3C standard.