Hshare is a decentralized blockchain project with a huge number of potential users and was lately renamed as Hcash. It is mainly developed to bring the world on the next level by laying in between the block-based and non-blockchain projects. It works as a bridge to connect two different words.
It has its own coin Hshare Coin (HSR) which work as a token on the platform and can be used to make in between different platforms.
Following are the backbone of the project:
Zero Proof Knowledge: It doesn’t need user information while processing any transaction which enhances that privacy and overall platform reliability.
Hybrid PoW and PoS: It uses a hybrid mechanism which let other users contribute in computing power to maximize the overall performance.
Decentralized Autonomous Organization (DAO) governance: It works in a hierarchy with the priority of transparency and helps in decision making.
- Zero knowledge proof technology ensures identity mask
- Hybrid mechanism of POW & POS
- Transactions are possible on a different platform: blockchain & blockless
- Cross-chain communication between blockchain and blockless Directed Acyclic Graph (DAG) systems
- Privacy secured with Zero Knowledge Proof technology
- DAO Governance
- Quantum resistant
- Security risks because of being sidechain
- Can’t buy with fiat currency
- Complex because of a hybrid mechanism
A very detailed whitepaper explains all the solutions to existing problems and technical knowledge about the platform. They have clearly explained the DAO and DAC along with examples why and how it is being used.
While talking about blockless currencies; it doesn’t mean fiat currency but other i.e. IOTA and Byteball which do have cryptocurrency, but they are not built on blockchain network. So, if anyone wants to transfer money from IOTA to bitcoin or Ethereum he will need to use HCash wallet to transfer funds from one platform to other or even on the same platform.
Hshare works with blockchain and DAG system which let it process both kinds of transactions. DAG system ensures that information flow is not restricted because of a different platform. Hshare processes information on two type of addresses; White (public) and Black (Private), without verifying the user identity.
In addition to other amazing features, it also uses Quantum Resistance; which is one solution to a number of problems. Post-quantum or quantum resistance is a step ahead in computational security to defend any possible attack.
Hshare is one of those crypto platforms which are best known for its security measures. Its wallet needs internet access through the computer’s firewall to work properly in an encrypted environment. Hshare uses quantum resistant signature technology which ensures extra security against any cyber-attack.
Quantum cryptography is an algorithm which is especially for quantum computers. Because the quantum computer is the only powerful machine which can easily resolve any complex algorithm except real cryptographic algorithms.
How to get crypto