Hyperionx: Difference between revisions
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6) Incentivizes users to remain honest by ranking them by their reputation score | 6) Incentivizes users to remain honest by ranking them by their reputation score | ||
=== The Vision === | |||
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network of growth.” | network of growth.” | ||
=== The Core Team === | |||
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started this project and why we are supporting | started this project and why we are supporting | ||
=== The Message === | |||
“We are looking for people who understand our vision and want to help contribute to its | “We are looking for people who understand our vision and want to help contribute to its |
Revision as of 20:39, 23 January 2019
Hyperion Xenoeconomical Technologies Organization
Hyperion is focused on bringing innovative, eco-friendly products to the market, creating waves of disruption within the current systems. Developing automated tools to provide efficiency and scalability, from an individual to enterprise level. By leveraging blockchain technology Hyperion enables a decentralized, self-sufficient, autonomous, trust-less ecosystem or 'smart market' to occur, giving new meaning to free market.
Based on the idea of a self-sufficient community, HyperionX will implement a consensus algorithm called Proof-of-Passion, or POP, onto the blockchain. This rewards users of the network based on their support and reputation. This POP algorithm will be the basis on which Peerion is developed.
The Issue
The main issue arising, is how to integrate the average consumer or business onto blockchain. The first solution would be to create an interactive, fun environment to interface with. Hyperion’s main priority is to make the integration of the technology’s utilization as easy and seamless as possible. The second solution would be to incentivize people to use the technology by creating reward systems for being active and supporting the ecosystem. Living in a world of network and connection, why not be rewarded for supporting these systems instead of just paying to use them? Hyperion will offer decentralized smart tools to automate a person’s everyday tasks, therefore making it easier to maximize efficiency and overall output, while staying in complete control of your assets. This is the age of automation and for that reason, it only makes sense to implement it into our everyday lives, enabling society to focus on what they are passionate about. Most importantly, blockchain gives the security and peace of mind that everyone is looking for. By decentralizing the markets stated below, a person’s assets and data are secured, their voices and opinions hold weight and their experience will not be dictated by one centralized source.
There is a serious dilemma with the structure and integrity of current systems and market sectors. Hyperion is looking to disrupt the following markets: E-commerce, Nonprofit and Social Media by transforming them into decentralized, transparent and honest entities. Hyperion plans to achieve this through an easily approachable interface to blockchain technology, allowing people to be in full control of their livelihoods, as well as being part of a revitalized global equilibrium.
The Peerion Ecosystem
Peerion uses blockchain technology to provide a trust-less free market ecosystem by leveraging smart contracts for autonomously managed peer-to-peer interactions. This creates a "smart market" within a decentralized network. Through a customized blockchain using a unique Proof-of-Passion algorithm, this will reward masternodes known as Mitochondria based on uptime and reputation, instead of wealth (Proof-of-Stake) or advanced hardware (Proof-of-Work). This enables the ecosystem to remain balanced and fair while providing a stable network for peers.
Smart Market
Peerion’s main hub will be an integrated autonomous, decentralized marketplace with powerful tools and features. The goal of Peerion is to automate all daily tasks for peers, while offering the best possible user experience.
POP Consensus Algorithm
As Peerion is built on a custom blockchain, it is necessary to design a consensus algorithm suitable for the Peerion Ecosystem.
Benefits of utilizing the POP algorithm are as follows: 1) Suitable for public networks 2) Does not depend on wealth 3) Eco-friendly - energy efficient 4) Does not depend on hardware capabilities 5) Incentivizes users to stay online by ranking them by their uptime 6) Incentivizes users to remain honest by ranking them by their reputation score
The Vision
“This project starts a long journey of helping to connect people on a global scale. Hyperion is contributing to the growth of a network of direct peer-to-peer trading, sharing and support. It is our mission to open people up to the benefits of decentralization and blockchain technology. Showing them a safer, more secure world that is incorruptible and is not dictated by the few, but is instead operated by the true consensus of the people. Guiding individuals to become self-sufficient and flourish, while helping support a network of growth.”
The Core Team
“We are dedicated to this project, fully endorse blockchain, and want to prove its potential. All of us on the team support freedom of choice and want to connect like minded individuals around the world. The human race is always searching for a better way, looking for life’s answers and trying to find connection with others. This is why we started this project and why we are supporting
The Message
“We are looking for people who understand our vision and want to help contribute to its growth. As a contributor, you solidify your place in our community and at the ground floor of a revolutionary project. This is the epitome of what blockchain and decentralization represents. Gathering small amounts of spare energy from individuals to help support something they themselves believe in. So, please support us by spreading the word of our project and please stay tuned for continued updates. This is our world and our future, it’s our time to make a difference... #withrootforce”
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