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Helix (mHLX) ICO Review

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Helix is a decentralized social networking platform that is putting users privacy and satisfaction as its first priority. It is an innovative approach towards transparent and independent means of user data ownership, reward on ads and free of speech. It is the first get paid to content creation and sharing ecosystem that leveraged OCR token payments for its reward system.

Essential Information

Ico TimeUnknown – Unknown
Token NameHelix
Token SymbolmHLX
WhitepaperView Whitepaper
Website LinkHome
Price1 mHLX = 0.02 EUR
PlatformHelix
PreICO Price1 mHLX = 0.015 EUR
Hard Cap10,000,000 EUR

More about Helix (mHLX) ICO:

Founded in 2017, Helix Cognitive Computing GmbH is a Berlin-based technology company that is dedicated towards developing and creating a sustainable digital ecosystem that interconnects Everyone and Everything; without intermediaries or central authorities, and at virtually no cost. By creating a “blockless and chainless”, next-generation peer-to-peer digital exchange network, called the HelixTangle, and a Cognitive Cryptocurrency ‒ HLX, the company plans to engage and help shift existing economic and political power structures across all levels of industry and society. Regarding security, Helix is working on the first transaction ledger monitored by Cognitive Security. Data needs to be immutable, and Helix is developing a cognitive security engine to maintain the integrity of data interpretation. With data security being the key order of the day in 2018 and 2019, the fraud-resistant HelixPlatform will facilitate natively secure distributed app development.

Ideology

Founded in 2017, Helix Cognitive Computing GmbH is a Berlin-based technology company that is dedicated towards developing and creating a sustainable digital ecosystem that interconnects Everyone and Everything; without intermediaries or central authorities, and at virtually no cost.

Mission

By creating a “blockless and chainless”, next-generation peer-to-peer digital exchange network, called the HelixTangle, and a Cognitive Cryptocurrency ‒ HLX, the company plans to engage and help shift existing economic and political power structures across all levels of industry and society. Regarding security, Helix is working on the first transaction ledger monitored by Cognitive Security. Data needs to be immutable, and Helix is developing a cognitive security engine to maintain the integrity of data interpretation. With data security being the key order of the day in 2018 and 2019, the fraud-resistant HelixPlatform will facilitate natively secure distributed app development.

The Journey is the Reward

Helix focuses on easy accessibility, intuitive usability, system efficiency and the highest standard of security measures. It provides a Distributed Ledger that requires very little technical expertise nor delays commercial production by old-fashioned authentication processes. As a common payment method or trading currency, Helix can invigorate old workflows, and eliminate extraneous costs, which are typically felt by both producers and consumers.

Business

From a business point of view, Helix will incubate entirely new business models that combine the new machine and IoT economy with existing models. Furthermore, traditional businesses depending on third parties and intermediaries can be radically re-engineered through the use of the HelixTangle. The HelixPlatform facilitates peer-to-peer exchange through a value token represented by the acronym HLX. This modern and versatile cryptocurrency is used as the denomination for all value-transfer functions across the HelixEcosystem such as use cases.

Wetware/Long-term Vision

Helix aims to support ongoing efforts towards creating novel data storage systems, by promoting and incentivizing breakthrough inventions in synthetic biology research (e.g. DNA-based molecular storage systems).

HelixNetwork

HelixTangle & HelixMesh

The bottom level is the HelixNetwork where light and full nodes interact based on the HelixMesh Protocol.

The Helix Network relies on an efficient and cryptographically secure hashing function, SHA-3 and Winternitz Signatures. The consensus about the transaction log is reached by FullNodes expected to be online 24/7 on their best effort.

Light clients submit transactions to a FullNode of their choice. This design fits well into a typical setup of low-power IoT devices (light clients) connected to an edge server (FullNode).

The data and the transactions are stored in a novel distributed ledger – the HelixTangle

Applications

Helix Applications

Once Helix is populated with seed applications, it will enable entirely new business models with interactions where end users can be businesses, single individuals, or even non-humans – thereby making it an ideal platform, e.g. to run very efficient machine-to-machine (M2M) transactions.

Helix wants to create an open development environment where users, students or employees, can create decentralized programs.

Ideology

In the modern world, everything is regulated andrestricted by central authorities. Exorbitant fees accompany almost anything that needs to be verified by such institutions. Helix’ prima-ry ambition is defining a novel infrastructure for secure data and computational resource exchange. This objective was raised, as data is becoming one of the most valuable resources. Needless to say, assuring availability, authenti-city and integrity of data is crucial. At the very core of Helix lies the consensus protocol, which enables replication and verification of the sup-plied data.By using a next-generation peer-to-peer digital exchange network – the HelixNetwork – based on the HelixMesh Protocol, it’s own distributed ledger the HelixTangle and a native currency – the HLX coin, the company plans to engage and help shift existing economic and political power structures across all levels of industry and so-ciety. Importantly, its non-profit arm, the Helix Foun- dation, fully endorses and adheres to an Open Source development policy. Motivated by this commitment, Helix will provide core technology products to individuals, institutions, and develo-pers for free.

Values

Ever since we noticed that data is becoming one of the world’s most coveted resources, we mar-ked as one of our top priorities, the assurance of its availability, authenticity, integrity, and secu-rity. We think data integrity is essential, as the source of the data has to be verified and it is important to see all of the iterations in a certain research field – similiar to how one would check on a measuring device in experimental physics, we must check the validity of the data source before drawing conclusions based on access to such a data source. Within the HelixNetwork, the committed data is replicated and verified by peers, it has a digital signature attached to it, and it is immutable once finalized. This is very important as changing past events could poten-tially lead to huge problems. This is not only the case in scientific research, but also in society as we are experiencing with fake news.

Helix at a glance

As a platform and infrastructure company, Helix has been developing a new digital ecosystem to provide new revenue opportunities through the enablement of Machine Economy.While sharing the general vision of heteroge-nous interconnected DLTs, we focus on IoT-net-works with more specific requirements on the protocol stack. Pursuing this idea we prioritized availability and high throughput requirements, which largely determined our decision to adopt the MeshCash framework as the backbone for HelixMesh. Essentially, Helix is a decentralized network of autonomous coexisting sub-net-works each powered by the HelixMeshProtocol. Helix is a nest of interoperable networks that can interact and scale together.

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