An open crypto ecosystem where different blockchains and technologies may easily exchange information and benefit from one another is necessary for the success of the overall organization. Numerous market participants, including HyperCash (HC), have recognized the importance of interoperability. Hcash, or HyperCash, serves as a versatile “plug and play” blockchain, seamlessly bridging diverse blockchain and DAG ecosystems for fluid money and data exchange.
The origin and development of HyperCash (HC)
HyperCash, a cryptocurrency initiative, operates in China and Australia. Dr. Joseph Liu, Dallas Brooks, Andrew Wasylewicz, and Khal Achkar laid its foundation, launching the project on October 2, 2017, and conducting an inaugural coin offering on June 28, 2017. Over time, HCash has expanded its team under CEO Adam Geri’s leadership. Originally named Hshare (HSR), it emerged as an ERC-20 token. Subsequently, with the HCash blockchain’s debut in August 2018, Hshare tokens underwent a 1:1 transition to become Hcash (HC), the mainnet token.
Distribution of HCash (HC) tokens
The cryptocurrency’s current maximum supply stands at 84,000,000 HC, with 44,408,498 HC in circulation. HCash generated 21,000 BTC (AU $52.89 million) via an ICO, selling 21 million Hshare tokens (25% of the total supply) in June 2017. An additional 12.6 million HSR tokens (15.0%) were sold to private investors before the ICO, later swapped for Hcash (HC) tokens upon the HyperCash mainnet launch in August 2018.
The goal of HyperCash (HC)
HyperCash, a decentralized and open-source cryptocurrency, seeks to facilitate data exchange across diverse networks beyond blockchains. This innovative ledger system establishes connections between block-based and blockless systems, employing directed acyclic graph (DAG) technology. Within this framework, the cryptocurrency “Hcash” (HC) is designed to transparently represent the value of goods or services. The Hcash network boasts interoperability with multiple blockchains such as Bitcoin and Ethereum, as well as DAG networks like IOTA and Obyte.
HyperCash adoption, products, and partnerships
Currently, there appears to be a lack of concrete business adoption or established partnerships for this cryptocurrency. This situation may arise due to the nascent stage of product development and ongoing network construction.
Adoption
The HyperExchange has been established, and traditional public chains including Bitcoin (with OMNI), Ethereum (including ERC-20), and Litecoin have been successfully connected, according to the HCash website. On the HyperExchange website, it is unclear where or how this product is being used, though. There are no references to projects or businesses using HyperCash or HyperExchange, and the website is quite poorly structured.
Products
Some HyperCash products consist of:
Mobile wallet
User funds are kept in hot and cold multi-signature addresses on their original chain in a mobile wallet. The wallet also enables users to start mining HC right from their phones.
HC autonomy
The framework for HC ecological governance. Users can submit proposals using Autonomy, which they can subsequently follow up on and discuss with other community members.
HC explorer
Users can track and analyze transactions on this crypto network using the HC Explorer.
HC omni explorer
A HyperCash-based block explorer for Omni transactions is called the HC Omni Explorer.
HC omni wallet
HC Omni Wallet is a web wallet that vows to join security, ease of use, and backing for different monetary standards.
Partnerships
The HyperCash project has fashioned partnerships with worldwide colleges like Monash College in Australia, Jiao Tong College in Shanghai, and the Polytechnic College in Hong Kong. These collaborations aim to enhance Hcash’s security, efficiency, decentralization, and scalability through academic engagement. Collaborating for the advancement of Hcash mining, the following distinguished business mining pools have united forces with this cryptocurrency project:
- BTCC
- 91Pool
- BW.com
- BTC.top
- AntPool
- NovaPool.cn
- UU
- BatPool
Moreover, the journey of HyperCash is bolstered by significant investments from esteemed organizations, further solidifying its growth and potential:
- Fintech Blockchain Group
- CollinStar
- BitMain
- Bixin
- REG
- Blockchain Ventures
These partnerships and investments reflect a diverse and robust ecosystem that supports and propels the development of HyperCash toward its envisioned goals.
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