Hacash is a layer-scaling solution for Bitcoin that enables one-way transfers with unchanged security. More
Fully Diluted Valuation | $670,718 |
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24H Trading Volume | $10,312 |
24H Low / High | $0.43 / $ 0.46 |
Circulating Supply | 1.49M |
Total Supply | 1.49M |
Max Supply | ∞ |
Categories | Proof of Work (PoW) 2 more |
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Founder | Ken You |
Website | hacash.money Whitepaper 1 more |
Socials | 3 more |
Explorer | Hacash |
Name | Pair | OG Score |
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In the realm of cryptocurrency innovation, Hacash has emerged as a solution targeting the scalability and utility concerns inherent in Bitcoin. This approach adopts a multi-layered architecture, offering specific features to address key limitations observed in the current Bitcoin ecosystem.
1. Seamless One-Way Transfers with Unchanged Security:
Hacash facilitates one-way transfers of Bitcoin to its platform, ensuring the maintenance of the ownership structure and security of the original Bitcoin private key. This unique feature preserves the security and decentralized nature synonymous with Bitcoin's original layer 1.
2. Layered Scaling to Expand Functional Capabilities:
Upon transfer, Bitcoin on the Hacash chain can utilize the benefits of a multi-layered architecture. Layer 1 introduces optional privacy, readable DeFi contracts, and equity account models. Layer 2 facilitates instant payments, while Layer 3 employs a multi-chain, multi-layer Rollup infrastructure, providing flexibility for the development of various Bitcoin applications. This approach aims to mitigate development challenges and enhance the efficiency of value storage, fostering the creation of decentralized applications.
3. Introduction of a Novel Monetary System:
Hacash introduces its own proof-of-work coins, HAC and HACD, collectively establishing a demand-elastic stable purchasing power monetary system. Drawing parallels with historical monetary relationships such as gold, silver, and copper, HAC and HACD contribute to the improvement of daily payments and store of value.
4. Incentives and Security Measures:
HAC coins, integral to Hacash's ecosystem, offer ongoing incentives and burning mechanisms to encourage Bitcoin holders to continue making one-way transfers. Importantly, the BTC address and private key remain unaltered, preserving the same level of security and decentralization present in Bitcoin's original layer 1.
5. Dual Significance for Broad Applicability:
The Hacash solution serves a dual purpose by facilitating a Bitcoin-backed Turing-complete app ecosystem and a Bitcoin-compatible stable purchasing power currency system. This dual functionality positions Hacash as a versatile and adaptable solution within the broader cryptocurrency landscape.
Conclusion:
With a team consisting of key opinion leaders (KOLs) and core developers from the Hacash ecosystem, Hacash.com is positioned as a leading entity in one-way transfers and layer scaling solutions. The company's expertise in sound money and blockchain scaling solutions reflects a commitment to advancing the Bitcoin ecosystem, providing users with an improved store of value, instant payments, diverse decentralized applications, and innovative economic models. Hacash's layered scaling solution aims to contribute to a more scalable and robust Bitcoin, addressing existing limitations objectively and contributing to the ongoing evolution of the cryptocurrency space.
Hacash introduces a one-way transfer mechanism for Bitcoin, maintaining original security while unlocking layered scaling solutions and a novel demand-elastic stable purchasing power monetary system through its HAC and HACD coins.
Hacash was founded by a team of key opinion leaders (KOLs) and core developers from the Hacash ecosystem, boasting experience from tech giants like Amazon, Apple, and Microsoft.
You can buy Hacash (HAC) on Nonkyc.io, CoinExBIT cryptocurrency exchanges.
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