Understanding Hotstuff
Hotstuff is an innovative Layer-1 blockchain designed to facilitate rapid on-chain trading, setting a new standard in speed and efficiency. With an impressive block time of just 75 milliseconds and transaction finality at 150 milliseconds, it can handle a staggering throughput of over 200,000 transactions per second. This platform effectively tackles critical issues faced in DeFi trading such as slow transaction finality and variable gas fees, utilizing a fully on-chain order book model paired with a deterministic fair-ordering process.
The architecture of Hotstuff is underpinned by the DracoBFT consensus mechanism, which is inspired by the HotStuff protocol, along with CLH state commitments. A standout feature is its gasless actions, enabling users to place and cancel orders without incurring transaction fees, thus offering a performance akin to centralized exchanges while preserving decentralization.
Hotstuff successfully amassed $500,000 in a pre-seed funding round in January 2022. This funding was supported by prominent names in the blockchain community, including CoinDCX Ventures and notable founders from 1inch and Gnosis. Originally established in 2021 as Syndr, the project is gearing up for its upcoming testnet launch, alongside inviting early users to join its waitlist.
Airdrop Insights for Hotstuff
While Hotstuff has yet to confirm an official airdrop, the project is in the midst of a waitlist initiative that could potentially reward early adopters. Participants in this waitlist receive a personalized referral link and can engage in several community-oriented tasks. Although a token or specific reward structure remains unannounced, those on the waitlist may find themselves well-positioned for any future rewards based on their proactive involvement.
Joining the waitlist not only secures early access to the testnet but also offers a chance to influence future reward programs. With solid institutional support and a focus on creating a trading-centric blockchain, participants in the community may have eligibility for token distribution if standard airdrop practices for new Layer-1 blockchains are followed.
Joining the Hotstuff Waitlist: Step-by-Step
Here is how to sign up for the Hotstuff waitlist and enhance your chances for potential rewards:
- Go to the Hotstuff waitlist signup page
- Connect your EVM wallet or enter your wallet address manually in the designated area (ensure this wallet is accessible for your future interactions)
- Provide your email address
- Share your X (Twitter) handle
- Check your email for the confirmation link and verify your address
- Follow @tradehotstuff on X (Twitter) for 10 bonus points
- Engage with the announcement tweet and earn an additional 10 points
- Join the official Hotstuff Discord community to stay updated and earn 10 points
- Utilize your referral link to invite others and gain 10 points for each sign-up
- Keep an eye on Discord and the X account for updates on the testnet launch and further opportunities
Common Questions about Hotstuff
Is there a confirmed airdrop for Hotstuff?
Currently, there is no confirmed airdrop for Hotstuff. The ongoing waitlist campaign is designed to provide early access opportunities and pave the way for possible future rewards.
What type of blockchain is Hotstuff?
Hotstuff operates as an independent Layer-1 blockchain, developed specifically for high-speed trading applications and employs the DracoBFT consensus mechanism.
When can we expect the Hotstuff testnet to launch?
As of now, there has been no specific official announcement regarding the testnet launch date. Stay tuned to official channels for updates.
Are there any fees to join the waitlist?
Joining the waitlist is completely free. Simply provide your wallet address, email, and X username without incurring any fees at this stage.
Can I use multiple wallets for the waitlist?
Although possible, using multiple wallets linked to the same email or identifiable information may lead to disqualification. It is best to use separate, distinct credentials for each wallet.
What to expect after signing up for the waitlist?
Once you’ve completed your signup and verification, you will get your unique referral link. Engage in social media tasks to maximize your points while waiting for updates on the testnet launch and more engagement opportunities.
How significant is the referral program?
While the impact of the referral program on future rewards is still unclear, introducing genuine users to the platform generally benefits the entire community. Thus, sharing your link is encouraged.
Final Thoughts
The Hotstuff waitlist presents a valuable opportunity for early engagement with a promising Layer-1 blockchain aiming to tackle core challenges in decentralized trading. Although an airdrop has not yet been confirmed, signing up for the waitlist and completing the associated tasks may lead to future rewards and provide early access to the testnet. Backed by influential figures in the sector and focused on real-world trading issues, this project is one to watch closely as it develops.
Are you searching for other blockchain ventures without tokens that may offer an airdrop to initial users? Be sure to check out our curated list of prospective retroactive airdrops to stay ahead in the DeFi landscape!
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