Today's HyperCash price is $1.6503, which is down 13% over the last 24 hours. HyperCash's market cap is $73.47M. 24 hour HC volume is $98.80M. It has a market cap rank of 72 with a circulating supply of 44,523,280 and max supply of 84,000,000. HyperCash is traded on exchanges. HyperCash had an all-time high of $39.61 about 2 years ago. Over the last day, HyperCash has had 1% transparent volume.
HyperCash (HC) is a digital token fueling the platform that aims to create a single place for different blockchains to interfere and thus resolve the problem of interoperability. The token itself was created in order to ensure high speed and security of information exchange between participants of the platform. In addition, the project claims to have resolved the quantum resistance issue which has been an everlasting fear of the crypto community. Initially known as Hshare (HSR), the project was rebranded in August 2018 and now bears the name of HyperCash or shortly Hcash. Bringing different chains together While Bitcoin and Ethereum were the pioneers in the blockchain industry, with the surge of their popularity many more projects have arisen trying to create something faster and more scalable. EOS, TRON, Zilliqa - they all operate in their own universes and there’s no way for them to communicate with each other. In order to switch one cryptocurrency for another one would have to cope with centralized exchanges which are not very different from slow and expensive banks.
HyperCash develops a cross-platform solution to this problem to allow transfers between different blockchains and even blockless cryptocurrencies such as Byteball and IOTA that are based on a directed acyclic graph (DAG) technology. In order to bring these chains together, HyperCash creates two concurrent networks for blockchain and DAG cryptocurrencies that are able to work together. In addition, HyperCahs utilizes the zero-knowledge proofs encryption algorithms to help users conceal their identity. Quantum Resistance Quantum computing is much more powerful than any modern computer and allows performing computational work in a much more efficient and fast way. Moreover, it has the capability to calculate the private key from the public key of any cryptocurrency wallet in a matter of a few months while traditional computers won’t be able to accomplish this task in millions of years (10.79 quintillion years to be certain).
Although quantum computing still remains at the idea stage, the chances for it to become a reality in the upcoming years are pretty high. This would put the security of cryptocurrencies at risk and this is what Hcash has already prepared to stand against.
HyperCash team has built quantum resistance into the platform’s code by implementing two of the most popular post-quantum signature schemes, BLISS [DDLL13] and MSS/LMS [BDH11, LM95]. Hybrid PoW and PoS consensus algorithm HyperCash proposes a hybrid PoW/PoS system to improve the efficiency of how computing power is used and to get users more engaged in the platform’s governance. The PoW (Proof-of-Work) element serves as an incentive for miners to share their computing power with the network while PoS (Proof-of-Stake) incentivizes users to actively vote on the system improvements.
The voting power of HC holders depends on the combination of their stake and the amount of computing power that they share. This idea was first implemented by Decred, of which HyperCash is a fork. HC token Initially distributed under the ticker of HSR, the utility tokens powering the network were later rebranded to HC.
They were distributed among investors during a public ICO which started on June 28th, 2017, and lasted for a month. Seemingly, the hard cap has been achieved, but there is no information on the web how much funds the team has eventually managed to raise. The total token supply equals to 84 million HC.
The token is available for trading on many exchanges including Huobi Global, CoinEx and Binance. With the mainnet released in late 2017, the token can be stored on a native HC Omni wallet and on a cold wallet Ledger Nano S for higher security. Hcash team and partners With most of the Hcash team members located in Australia and China, the project was initially created by the programmers from the British company CollinStar Capital.
Adam Geri, the CEO of Hcash, also takes the position of the Vice President at CollinStar Capital since late 2017. Prior to joining this project, he has worked primarily in the area of strategic investment and operations management and has gained 25+ years of experience in the financial industry. He discovered the value of Bitcoin back in 2012 and has been fascinated by this new technology ever since.
Andrew Wasylewicz is another important member as he occupies the position of Chief Operations Officer. He is also an early blockchain supporter and has invested in many blockchain startups to promote this new technology.
The list of Hcash partners is really impressive. The project has teamed up with some international research universities such as Australian Monash University and Jiao Tong University in Shanghai. All these partners share their knowledge with Hypercash to help it run in a safer, effective and scalable manner.
Also, HyperCash is supported by a number of the leading Bitcoin mining pools such as Antpool, BTCC, and BTC.top and has received solid investment funds from BitMain, Fintech Blockchain Group, and Bixin.Read More