What is Hypercash:More information about Hypercash cryptocurrency, a proof-of-work and proof-of-stake coin

What is Hypercash:More information about Hypercash cryptocurrency, a proof-of-work and proof-of-stake coin

By quintomudigo | Crypto Street | 18 Jul 2019


hcash.png  

Hypercash is a proof-of-work and proof-of-stake cryptocurrency created on Hypercash blockchain whose transaction takes place from one peer to another without involvement by the government thus is being considered to be decentralized. Unlike cryptocurrency like bitcoin which is a proof-of-work only, for Hypercash, besides mining, there is also staking that allow a certain annual interest earning. Hypercash was mainly created to allow the exchange of data between different blockchain and non-blockchain networks.  

Hypercash transaction  

Hypercash transaction takes place on the Hypercash blockchain Explorer based on block heights and timestamp. To view how the transaction takes place on the Hypercash blockchain explorer, simply follow the link below;  

https://hc-explorer.h.cash/explorer/    

Date Launched

Hypercash was first released to the public in 2018 with the main objective of allowing an individual to earn a certain percentage of Hypercash interest based on the amount they stake.  

Founder Of Hypercash

Hypercash cryptocurrency was created by Dr. Joseph Liu who is an expert in cybersecurity as well as one of the cofounders of Monero.

  Process of creating Hypercash  

Unlike other cryptocurrencies like bitcoin and Ethereum which are created based on proof-of-work through the mining process in the presence of electricity and internet using GPU and CPU, for Hypercash, that is not the case. Instead, Hypercash cryptocurrency is created as a proof-of-stake as well as proof-of-work in the presence of internet and electricity. As an Hypercash miner, you can either become a solo miner or a pool miner. As a solo miner, it will be difficult to discover a block thus if discovered there will be very little reward. As a pool miner, you can share your computing power with other miners to make it easier to discover the block thus more reward. You can use CPU, GPU or ASICS hardware for mining. The algorithm used to mine Hypercash cryptocurrency Blake256R14 algorithm. For GPU and CPU, you can download the mining software while for ASICS hardware, you can either purchase the hardware or decide to purchase the contract online with online cloud mining. For staking, the more the stakes in the pool the more the blocks discovered thus the more the interest to be earned based on the amount you are staking.  

Maximum circulation of Hypercash  

The maximum supply of Hypercash to the Hypercash blockchain is expected to be 84,000,000 upon completion of its mining process. The block reward will keep on decreasing with time.   

Hypercash price

Currently, 1 Hypercash is worth more than $2.70 and its price is expected to increase over the next period of time. Hypercash cryptocurrency is being abbreviated as HC  

Converting my Hypercash to other cryptocurrencies

To convert your Hypercash to other cryptocurrencies such as bitcoin, you need to have a cryptocurrency exchange account. If you don't own one then you can follow the link to open a cryptocurrency exchange account for easy conversion of your Hypercash  

https://www.binance.com/?ref=10776203  

Storing my Hypercash

To store your Hypercash, you need an Hypercash wallet or other supported cryptocurrency wallets. You can use Coinpayment or other supported Hypercash wallets. For the safety of your Hypercash, you can use offline Hypercash wallet like Ledger Nano hardware wallet or you can download Edge wallet.

  Transferring my Hypercash to other Users

If you want to transfer your Hypercash to another user, the two of you must have trust in each other. The trust should be the Hypercash address provided for the receiver while the sender must have some Hypercash balance in their account to send to the receiver. For the sender, a blank space to insert receiver address and another blank space to insert the amount to send to the receiver is indicated. Here is how it looks like;

HC SENDER.png

    HC RECEIVER.png    

  Knowing more About Hypercash

If you feel that you need to learn more about Hypercash, then you can follow them on their site. Here is the link redirecting you to Hypercash site.

   https://h.cash/    

Now that you know, I think that it is time for you to start Mining and staking some Hypercash so that you can have a passive income if you feel it is a promising future project for you. If you feel that I should also own some for helping you to know more about this cryptocurrency, here is my Hypercash address ;  

HsJe1X3spCns41Dhr5RsUFwYXWgADUAULKa      

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quintomudigo
quintomudigo

Trader, Blockchain Technologist and Contentpreneur. Also founder and CEO @ Teacher Forex School.


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