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HyperCash - the history of one cryptocurrency

2019-12-30

The project is a decentralized open source platform that should connect the main chains of the system, whether it is block-based or blockless. This will make it possible to smoothly disseminate information and transfer funds between different cryptocurrency platforms, which are based on different technologies, as well as connect simultaneously to different blockchains. This project was named HyperCash. The digital currency Hcash became the successor of Hshare, which was a temporary platform and did not last long, but showed reliability and advanced technologies, as well as great investment potential.

About the HyperCash project

The Hcash project is a cryptocurrency that is distinguished by distributed registration both in the blockchain and in systems where there is no reference to acyclic charts (DAG).

Since 2015, many blockless distributed accounting systems have begun to emerge. One of them is DAG (Directed Acyclic Graph). Today, a lot of attention is paid to the decentralization of the digital world, therefore it is Bitcoin and Ethereum that are assigned the role of fundamental currencies in the block system. If we talk about the DAG system, then IOTA can become the basis here. It was in order to create a kind of "bridge" between such systems that the idea of developing the project arose.

The Hshare project, which became an element of the structure of the Hcash platform, was implemented by the Australian company CollinStar Capital. This company specializes in asset management, blockchain infrastructure, investing in digital money, and also provides financial services and consulting. Today it can offer a wide range of services related to cryptocurrencies. In addition, the company conducts research, assists in the development of development strategies, analyzes activities and conducts audits. The company is headquartered in Melbourne and has offices in other cities in Australia and China.

A team of renowned specialists is working on the creation of the HyperCash platform. The CEO of the Dallas Brooks project is well versed in the world of commerce, took part in research on various cryptocurrency platforms. Summarizing his experience, he headed the HyperCash project, which is supposed to combine various decentralized accounting systems into a single whole for more efficient work with cryptocurrency.

Khal Achkar is responsible for the technological side of the project. He has vast experience in this area, devotes a lot of time to researching the requirements of the modern cryptocurrency market.

Andrew Vasilevich is responsible for the development of the platform, who took part in similar projects many times, so he has vast experience in this area and effectively uses it in the implementation and development of the HyperCash platform.

The project advisors were:

Jiao Tong Davu Gu, professor of computer science at the University of Shanghai;
Rian Hu, Managing Director of CollinStar Capital;
CEO of Bixin Gang Wu;
senior expert on blockchain platforms Andy G.
cybersecurity expert Joseph Liu.
The developers made a statement that they are working on the creation of a new cryptocurrency, which will be based on a blockless blockchain. This project became a subsidiary of the brand.

The decision to create a temporary currency Hshare prior to the implementation of the main product was made for the following reasons:

test the platform and technologies that will be implemented;
check the activity of users and the relevance of this product;
to raise funds during the ICO for the implementation of the main platform and its development;
build a positive reputation and spread information about the project.
Thus, Hshare is a preparation or a stopgap measure, so the coin cannot be viewed as an independent project. In August 2017, the Hshare project was launched, and in November of the same year, the networks mobile wallet was launched. When the ICO of the project was completed, all investors received Hshare tokens. The developers stated that it will take 10 months to implement the main project, because the volume of work is very large.

In August 2018, the platform was rebranded, as a result of which it became known as HyperCash. After that, the coin holders were able to exchange the existing cryptocurrency assets in the Hshare coin for Hcash tokens at a 1: 1 rate.

The official partner of this project is Shanghai Jao Tong University, which belongs to the C9 University League. Also, the HyperCash platform collaborates with Monash University, which is one of the best technical universities, and the Hong Kong Polytechnic University.

The main investors in the project are Bixin and CollinStar, as well as Bitangel.com, iYES Ventures, REG, Bitmain, Fintech Blockchain Group, etc.

The interest in the HyperCash cryptocurrency is due to the unification of block and blockless systems through a distribution ledger, which will ensure instant transactions, while scaling at a high level.

HyperCash features

The HyperCash digital coin has unique capabilities that no other cryptocurrency that exists today has:

When creating the platform, the hive principle was used, which provides the simplest possible data exchange between the classical blockchain (block system) and the system of directed acyclic graphs DAG (blockless system).
The HyperCash platform has an interactive ZKP protocol that provides two-way encryption. This achieves guaranteed protection with the secrecy of transactions in cryptocurrency.
Project investors can vote in real time, determining how to use the HyperCash cryptocurrency. Due to the independence of the decentralized platform, stable work and future development are ensured.
Quantum resistance. High-security quantum registers use the latest transaction signatures and iterative hashes. After the development of quantum computers, this will make it possible to avoid their undue impact on HyperCash.
Every user of the HyperCash network gets the right to participate in making the most important decisions regarding this cryptographic platform.
Site users have the ability to transfer digital data both between private addresses and between public ones, using their personal wallets or a special interface of a web resource.
You can transfer absolutely any amount. There are no restrictions on the number of transactions.
All this determines the prospects for the development of this project, as well as high-quality interaction between network users.

The use of this platform is associated with the following principles:

A new approach to a decentralized cryptocurrency platform, which will become the basis for the entire blocking system, regardless of whether the chains are blockchain or blockless. This will make it possible to freely transfer funds and information between different blocking systems.
This technology aims to popularize the latest information technologies, which are based on large amounts of information, cloud computing, and the mobile Internet. This makes financial services more efficient.
Internet of Things (IoT). It consists in the fact that physical devices, vehicles, in particular devices "connected" and "smart", buildings, as well as other elements and other objects as part of an electronic system, software, sensors, a network that allows these objects to collect and exchange information between these objects, interact with each other.
Industrial Internet. Large amounts of data, analytic tools, and wireless networks integrate and communicate with equipment, both physical and industrial. Or the use of meta-level networking functionality in distributed systems.
Large dataset. The amount of this information is very large or complex, so conventional software is unable to process it. This makes it unsuitable for solving such tasks related to data: collection, storage, visualization, request, transfer, processing, search, exchange, as well as their updating and confidentiality, which is extremely important in the modern cryptocurrency community.

How is HyperCash created?

The Hcash coin is based on a hybrid consensus mechanism that has combined both PoW and PoS. It is based on a zero-knowledge protocol, a quantum stability key system, an increased level of confidentiality, a high microtransition rate, and a DAO governance structure.

Most of the funds received from the sale of tokens during the ICO were directed to the creation of PoS and PoW.

The advantages of the site include simplified token mining, which is available on video cards and processors.

Corporate pools of this project: ltc.cop, AntPool, 91pool, bw.com, BTCC, BatPool.

Is HyperCash infinite?

The HyperCash cryptocurrency has a limited supply of 81 million coins. Of these, 21 million will go to miners as a reward, and 21 million to reward validators. The number of tokens sold at ICO and distributed for free is also 21 million. Investors who invested their money in the development of the project at the very beginning will receive 12.6 4.2 million tokens will be divided between the developers of the project and will go to the HyperCash fund. The Hcash DAO special fund will also house 4.2 million coins.

Strengths of HyperCash

One of the greatest strengths of the HyperCash cryptocurrency is the use of quantum resistance technology, which greatly enhances the level of security.

Thanks to this technology, the digital coin will be able to resist attacks. It will provide a high level of protection of personal data of users of the HyperCash cryptocurrency platform by using service encryption algorithms.

The operation of the site is carried out according to the principle of a bee hive, which ensures the simplest and fastest possible exchange of data between different cryptocurrency platforms of block and blockless type.

Zero-knowledge proof protocol technology provides high levels of privacy and confidentiality to the HyperCash network. It will not be used for two-way encryption for asset transfers. This technology will be used in other areas where a high level of privacy is required during transactions.

The project provides online communication with the user. This gives support for multi-platform transfer of coins, which allows for a high level of privacy in communications between peer-to-peer users.

The HyperCash platform is collectively owned, so DAO (Autonomous Organization) has been integrated into it. This allows token holders to determine the use of funds through dynamic online voting.

According to the opinion of authoritative experts of the cryptocurrency community, HyperCash holds great promise due to its strengths. To date, the project has just begun its development path.

HyperCash in TOP currencies

In terms of capitalization, at the beginning of December, the NS coin ranks 81st in the TOP-100 cryptocurrencies in the world (according to coinmarketcap.com).