Hshares and Hcash have been climbing the crypto charts and making headlines lately. Find out everything you need to know about these two digital tokens today in our review. What Are Hshares And Hcash? Hshares are pre-launch tokens that will be transferable at a 1:1 ratio for Hcash after launch. Hcash is a new cryptocurrency that will allow value to be transferred securely between blockchains, including between blockchains and blockchain-less cryptocurrencies.

Hshare HSR is a scam coin: How did Hshare achieve 1 billion dollar market cap? Why is Hshare a scam then? No low-cost electricity to bitcoin mining operations. Crypto Mining Blog. All About BTC. The two new algorithms introduced are HSR used by Hshare/Hcash (x13 + custom hash) as well as the Phi used by LuxCoin.

Hcash will also support private transactions,, and quantum resistance. As of late November, Hshare (HSR) has a market cap of around $750 million with a circulating supply of 42,278,107 HSR (out of a max supply of 84 million HSR). That puts HSR in the top 20 by market cap. 1 HSR is currently trading at a price of around $17 USD. Earlier this year, the tokens hit a price of around $41 in August 2017. When Hcash launches, it will also have a total supply of 84 million. How Does Hcash Work?

Obviously, securely transferring value between blockchains is a daunting task. Hcash wants to create cross-blockchain compatibility while also making it easy to transfer value from.

So how does Hcash plan to achieve that goal? Hcash seeks to provide cross-chain compatibility by operating as a side chain for blockchain and off-blockchain cryptocurrencies. Hcash will develop two concurrent networks, including one that is blockchain-based, and the other that is non-blockchain based. These networks will offer addresses that are interoperable with, which means you’ll be able to send and receive multiple currencies using your single Hcash wallet. In layman’s terms, Hcash will let you send all types of tokens from a single platform, with addresses being interoperable between blockchains.

You won’t need to. When Hcash talks about “off-blockchain” currencies, they’re not talking about fiat currencies or traditional money. Instead, they’re referring to currencies like IOTA and Byteball. These are cryptocurrencies, but they’re. They’re based on directed acyclic graph (DAG) cryptography to create a web of transactions verifying one another. Hcash wants to create a system that connects these off-chain cryptocurrencies with on-chain cryptocurrencies. Another key problem that Hcash needs to overcome is privacy restrictions.

If Hcash wants to create a side chain for many different cryptocurrencies, then it needs to implement privacy restrictions to facilitate transactions for privacy-centric coins. Motherboard Bitcoin BTC Mining. That’s why Hcash plans to create: white and black. White addresses will be publicly viewable, while black addresses will be private. Hcash provides privacy through a zero knowledge proof system, like the one we’ve seen in use on Zcash’s blockchain. This system masks the identity of the sender and receiver using advanced cryptography while still verifying transactions between two trustless parties. Ultimately, Hcash has not yet launched, so we can’t verify any of the claims made by the development team.

However, if they can achieve their goals, it could be a huge innovation in the. Hcash Token Supply There will be a limited supply of Hcash. Approximately 84 million tokens will be created through the following channels: • 21 million (25%) will be created via Proof of Work (PoW) • 21 million (25%) will be created via Proof of Stake (PoS) • 21 million (25%) will be or given to the community for free • 12.6 million (15%) will be issued during pre-ICO sales • 4.2 million (5%) each will be reserved for the developmente team and the Hcash DAO Is Hcash A Scam? One Reddit thread. You don’t have to look far online to find other people calling Hcash a scam. Some believe that its developers never intend to create the platform.

Instead, they’re just mentioning all of these enormous problems and then magically solving all of these problems without a good explanation or coherent system in place. Is Hcash a scam coin? When people call Hcash a scam, they point to things like the whitepaper, which is short and generic. The whitepaper describes existing technologies, but it never explains how Hcash plans to implement technologies into its own system. Another issue is the Hcash Github page.

It’s good when developers transparently open their code to the community. However, has only seen 17 commits from a single contributor over the past five months. Sure, it’s possible that development is taking place offline, but we’d still expect to see more activity – especially considering that Hcash is purportedly being developed by a large, international team of people.

There’s also a lack of transparency about the core team. There are no LinkedIn pages for the team, for example, and there’s an overall lack of history or explanation of the team’s experience. Ultimately, some people counter all of these criticisms by arguing that Hcash’s development team is based in China, which explains the lack of transparency so far.

Until the project is released, however, it’s hard to verify any of the. Who’s Behind Hcash?

Hcash’s team is based in China and Australia. Key members of the team include Dallas Brooks (Chief Executive Officer), described as “a qualified, highly sought after expert in financial and ” who “understands the structure of the commercial world and is ambitious to revolutionise the industry.” Other key members of the team include Khal Achkar (CTO), and Andrew Wasylewics (Business Development Manager). To bring the project to life, the development team has partnered with the Shanghai Jiao Tong University (SJTU), Hong Kong Polytechnic University, and Australia’s Monash University. Hcash Hshare HSR ICO Conclusion Ultimately, Hcash is an ambitious project that aims to create “the new standard of value”. It appears to be under active development by a team in China, although there’s an overall lack of information about the technical details of the project available online. To learn more about Hcash and Hshares, visit the platform online today at H.cash.