Hshare (HSR) – The New Standard of Value
What is Hshare?
Hshare is a placeholder token for Hcash (Hyper Cash) and will later be swapped on a 1:1 ratio. The aim of Hcash is the connection of blockchains and blockless cryptocurrency networks to form an environment where value can flow freely and between different systems.
For this purpose, Hcash created a platform that can be connected to different blockchains. This platform serves as a medium for cross-chain value exchange and cross-chain information exchange.
This is achieved with the specific design of Hcash, which acts as a sidechain for the connected blockchains. Hcash platform consists of two different networks, one relies on blockchain technology, and the other is based on Directed Acyclic Graph (DAG).
The Hcash platform will feature three type of addresses:
- Public addresses: similar to BTC addresses
- Private addresses: stealth-addresses shielded with zero-knowledge proofs
- Byteball address system: DAG-system addresses
Hcash will be interoperable with PoS-, PoW- and DAG-based systems and aims to be quantum resistant in the future. A DAO (decentralized autonomous organization) is responsible for governance.
ICO was completed at 28. August and around 21,000 BTC was collected. The team is mostly unknown in the blockchain developer space and/or anonymous.
Can Hshare be mined?
Yes, Hcash uses a hybrid PoW/PoS system, where Proof-of-Work is used for attaching blocks, and Proof-of-Stake is used to incentivize users to participate in the network and vote on proposals.
What differs Hshare from other Cryptocurrencies?
The use of split networks and the combined use of DAG and blockchain tech is quite unique in the Cryptocurrency space. Hshare wants to allow for maximum interoperability, not only between blockchains instead of blockchains and DAG-based systems as well.
How much is Hshare worth today?
What is the total and the circulating supply?
The maximum supply of HSR is 84,000,000 and the circulating supply at the time of writing is 43,013,464 HSR.
Where can you buy HSR?
You can buy HSR on several cryptocurrency exchanges, most notably Binance and OKEx.
Can HSR be sold for cash?
You can sell HSR for cash on several cryptocurrency exchanges that have fiat-pairings, most notably Bithump.
The team aims to improve the UI and fuel adoption. Additionally, they work on improving the code.
Verdict and Rating
0/10 Hcashs whitepaper is full of grammar errors and only describes existing technologies. It is not outlined how Hcash aims to merge and improve upon these technologies. And I get the impression that every current buzzword is used (quantum-resistant, DAG, interoperability, ZK-Snarks…).
On the Hcash, GitHub is very low activity, only 17 commits, all from a single contributor and there is a lack of transparency about the core team.
There is a real possibility that Hshare is a scam. I advise staying away.
DisclaimerThe writer’s views are expressed as a personal opinion and are for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
What is Waltonchain? Waltonchain is a decentralized supply-chain management system that combines blockchain with IoT. ...
What is Nebulas? Nebulas provides a decentralized, blockchain based platform with a search framework for all blockchai...