Sidechains and HCash: Interoperability on the Blockchain
HCash is a promising project in the world of blockchain. Headed by an experienced development and management team, HCash is working on become a decentralized, open-source and cross-platform cryptocurrency that is usable by many different industries and people. The ultimate goal is to create a secure web of connected devices and create an exchange of value and data that works seamlessly.
How does it work?
The coin is designed to be a side chain for block-based and blockless blockchains. It serves as a value and information carrier that can be used to exchange value and information between systems and blockchains. HCash operates on a Hybrid consensus mechanism: It is a Proof-Of-Work and Proof-Of-Stake open governance model. This allows HODLers of HCash to participate in decision-making, protocol updates and other areas of concern.
Through DAO governance, similar to Ethereum, HODLers of HCash can determine the use of funds in a real-time dynamic voting system. From the bottom up, HCash is designed for quantum resistance; Giving it a natural advantage over other systems in the event of a rise in quantum computing. Through its platform HAVEN, users can transfer between public and private addresses; and transactions are interoperable between systems. HCash has a limited block size and can transfer unlimited times no matter the speed of transfer or amount. In time, other blockchains will become compatible with HCash.
The Future of HCash
And of course HCash certainly has some promising goals for the future, many of them relating to the industries the token will work in. In the world of FinTech, HCash seeks to play a role in big data, cloud and mobile computing. The benefits would be more financial efficiency and improve financial services.
The Internet-Of-Things has a part to play as well. Through inter-networking of devices, vehicles, buildings, embedded electronics, and other software, HCash is able to provide network connectivity and endless access to collection and exchange of data.
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