What is HAQQ Network? HAQQ Network is a scalable, high-throughput Layer 1 Blockchain that is fully compatible and interoperable with Ethereum. Built using the Cosmos SDK, running on Tendermint Core. So what makes HAQQ Network stand out? Let’s find out with Weakhand.
Overview of HAQQ Network
What is HAQQ Network?
HAQQ Network is a Layer 1 Blockchain with POS consensus mechanism, scalable, high throughput, fully EVM compatible, based on Cosmos SDK. HAQQ Network allows running Vanilla Ethereum as Cosmos Bapplication-specific lockchain. This allows developers to have all the desired features of Ethereum, while also benefiting from Tendermint’s PoS implementation.
Enables developers to leverage existing Ethereum ecosystem tools and software to seamlessly deploy smart contracts that interact with the rest of the Cosmos ecosystem.
Some important features of HAQQ Network include:
- Web3 and EVM compatibility
- High throughput through Tendermint Core.
- Horizontal scalability through IBC.
- Instant transactions.
Highlights of HAQQ Network
Some highlights of HAQQ Network includes:
- HAQQ Network allows developers to have all the desired features of Ethereum, while benefiting from Tendermint’s PoS mechanism. In addition, because it is built on the Cosmos SDK, HAQQ can connect to the Cosmos ecosystem via the IBC Protocol.
- Implement Tendermint Core’s Application Blockchain Interface (ABCI) for blockchain management.
- Take advantage of modules and other mechanisms implemented by the Cosmos SDK.
- Exposes a fully compatible Web3 JSON-RPC layer to interact with existing Ethereum clients and tools (Metamask, Remix, Truffle, etc.).
Characteristics of HAQQ Network
- Ethereum compatibility allows developers to build applications on HAQQ using the existing Ethereum codebase and toolkit without rewriting smart contracts that already operate on Ethereum or the networks Other Ethereum compatible.
- IBC compatibility allows HAQQ to interoperate with other IBC compatible networks such as Cosmos and in the future with Ethereum.
- High throughput with instant finality makes HAQQ usable for applications beyond the financial sector: social platforms, games, educational projects, etc.
- The Proof of Stake mechanism allows HAQQ holders to participate in network consensus alongside validators – and earn rewards for securing the network.
- Evergreen DAO, funded by ISLM tokens and a portion of network fees, is managed by network participants – dedicated to supporting innovative projects for the international Muslim community.
Development Roadmap
Q2/2023
Q3/2023
Q4/2023
Q1/2024
- Deploying Gold-pegged Stable Coin, collaborating with leading UAE banks.
Core Team
Update…
Investors
Update…
Tokenomics
Information about HAQQ Network tokens
- Project name: HAQQ Network
- Code: ISLM
- Blockchain: HAQQ Network
- Total supply: 100,000,000,000
Token Allocation
Initial supply: 20,000,000,000, distributed as follows:
- Business Reserve: 5.48 billion (1 billion reserved for future Core Team incentives).
- Partners and Advisors: 5.47 billion
- Founders Reward: 3 billion
- Private Sale Buyers: 2.93 billion
- Evergreen DAO: 2 billion
- Reserved Private Sale: 1 billion
- In circulation: 0.12 billion
Token Release
Update…
Token Use Case
- Pay transaction fees.
- Administration
- Stake
Exchanges
Update…
Project Information Channel
- Website: https://haqq.network/
- Twitter: https://twitter.com/The_HaqqNetwork
- Discord: https://discord.gg/CDtXuQG3Vd
- Telegram:
Summary
HAQQ Network is a blockchain platform, using POS consensus mechanism, compatible with EVM, built on Cosmos SDK. HAQQ Network is a blockchain built specifically for the Muslim community.
Hopefully this article provides useful information about what HAQQ Network is? With a strong Muslim community, will HAQQ Network become a strong blockchain? Weakhand will continue to update developments on the project.
