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Hcash
Hypercash or Hcash (previously known as Hshare) is a cryptocurrency project that seeks to become a network for the interconnection of various blockchain-based and other types of digital networks.
Contents
Description
The Hcash project started as an attempt to fix a problem of incompatibility that is inherent to most blockchain networks. Despite being useful and robust, many prominent blockchains strongly lack the ability to be connected with other digital networks. The main idea of the project is to become a network that will be an intermediary between various networks. The Hcash platform will be a path for both information and finances to be transferred within several digital networks. The Hcash team is currently ruled by Adam Geri - the project’s CEO.
Hcash is constructed in a way to become a sidechain for both blockchain-based and blockless systems. The initial approach to the design of the platform includes the gathering of information stored in DAG-based and blockchain based systems.
The project is continuously working on the implementation of multi compatible addresses. Currently, the project is aimed at building the network compatible with Byteball and Zcash networks. The platform of the Hcash project is mostly based on directed acyclic graph (DAG).
DAG
Main article: DAG
DAG is a graph that has a direction, is finite and has no cycles. The acyclic point means that the graph has no way of starting at a certain point and coming back to it after any number of iterations. Basically, it means that every direction of a graph is finite.
Hybrid consensus
In the white paper of the HyperCash project the consensus problem is stated as one of the most difficult and important problems of digital networks. To get the most from the consensus, the Hcash network is a POS/POW hybrid. The consensus algorithm of Hcash utilizes POS-based governance and block validation and POW-based block generation. POW mining is used to protect the network from being dominated by the Hypercash pre-ICO investors. Mining will allow the network to provide its tokens to every participant. It is also used to protect the network from various attacks as the POW networks are usually more secure then POS-based networks. Miners are generating empty blocks in the Hcash systems. The blocks are filled with validated transactions later by the POS validators.
Governance
Main article: DAO
The platform is governed as a Decentralized Autonomous Organization (DAO). It is a decentralized way of governing large networks with providing voting rights to every participant. The whitepaper, however, describes the concept as a DAC - Decentralized Autonomous Corporation. It is a transparent way of governance that allows the network to be easily maintained and robust. Everyone can become a part of the project’s governance and all the DAO participants are rewarded for their activity.
Coin
HyperCash is an autonomous cryptocurrency and is not a token. The total supply of Hcash is close to 84 million and is limited.
HyperCash (HC) price and market performance online via CoinMarketCap:
The distribution of HyperCash goes as following: One fourth of the total supply (21 million) is created with the Proof-of-Work Another quarter si created via proof-of-stake The third quarter will be pre-mined for the ICO and given to community 12.6 million of coins will be issued for pre-ICO investors 5% (4.2 million) is reserved for the Hypercash team 5% is reserved for the HyperCash DAO.
Mining
The HyperCash coin is minable and uses the Blake256R14 algorithm.
Exchanges
At the time of writing this article, the HyperCash cryptocurrency is traded on the following exchanges:
See also
Project contacts
- HCash official website
- HyperCash’s twitter account
- Hcash on facebook
- Hcash on Medium
- Hcash on reddit
