HyperCash, or simply HCash, is a decentralized cryptocurrency that serves as the bridge between blockchain and other networks. How does it pull it off?
Well, simply because rather than being composed of one singular network, HCash is composed of two. The two work together to create a complete ecosystem while performing separate tasks. They are the HyperCash and HyperExchange chains with the latter helping out with such tasks as establishing communications between all sorts of blockchains like ETH or BTC as well as the non-blockchain DAGs.
Or, if put simply, you will be able to transfer assets from one blockchain to the other freely without any potential drawbacks as soon as the HyperCash ecosystem goes live.
The HyperCash system was designed with security in mind from the box. You can tell this from the multitude of quantum signature schemes it supports, the attention to scaling as well as the availability of simple implementation of new security features that are to mitigate newly arising threats of the ever-changing crypto world
Directed acyclic graph (DAG) is a finite directed graph with no directed cycles. That is, it consists of finitely many vertices and edges, with each edge directed from one vertex to another, such that there is no way to start at any vertex v and follow a consistently-directed sequence of edges that eventually loops back to v again. Since the path from a starting vertex to an ending vertex in a directed graph might not form a cycle, a DAG is not necessarily a tree, but any directed tree is a DAG. Compared to directed tree, DAG is a special but more general directed graph. Below is a simple illustration of directed tree, DAG and directed graph. In the Big Data industry, DAG is usually used for Big Data framework, such as the execution engine of Hadoop, Storm and Spark.
Hcash is designed purposely to have both public and private addresses to be compatible with Zcash (t-addr and z-addr) Whitepaper and Byteball address systems (whiteball and blackball). Therefore, in the near future, it is expected that people can directly send and receive ZEC (or similar) or GBYTE (or similar) from blockchain to DAG system and vice versa in the Hcash platform. Meanwhile, it would also be possible to achieve fully-encrypted communication based on Zero Knowledge Proof technology between Hcash nodes and clients, as well as a range of other exciting new features.
Hcash platform is designed to be the sidechain for both blockchain-based and blockless systems, so it can achieve free flow of value and information between the two. Here, Hcash is the medium for cross-platform value exchange, while the platform itself is carrier for cross-platform information interflow. Based on these design features, Hcash has taken into account the reading of information from blockchain-based (including UTXO and Account Based) and DAG based distributed ledger at the initial stage of system design.
Hcash platform is designed to be the sidechain for both blockchain-based and blockless systems, so it can achieve free flow of value and information between the two. Here, Hcash is the medium for cross-platform value exchange, while the platform itself is carrier for cross-platform information interflow. Based on these design features, Hcash has taken into account the reading of information from blockchain-based (including UTXO and Account Based) and DAG based distributed ledger at the initial stage of system design.
You know what they say – two heads are better than one. Does that mean that thousands of heads are better than two? In blockchain logic, yes, it does. That’s why HC chooses to be community-driven thus providing an efficient, transparent governance model without any party having the chance to lobby its interest at the cost of other members.
That being said, the decentralized governance model is currently a staple of the industry hence it isn’t anything to write home about so having it as a highlighted feature of your project simply underwhelms the remaining elements.
Now we are talking business. The PoW+PoS mechanism is a new concept that definitely has a lot of uses. The mechanic itself is pretty straightforward: all PoW blocks are to be verified by none other than PoS miners. In simpler words, a single block involves participation from both the stakeholders and the miners. This removes the hash power monopoly out of the equation and slaps an additional layer of security onto the network.
Adam Geri, the CEO at HyperCash has 25 years as a manager in the automotive industry which may seem strange but not when you think of the experience he has had as a businessman. Adam seems like he makes up for his lack of hands-on tech experience with the necessary professional grip many tech-first companies lack.
That being said, Adam has surrounded himself with people who are much more skilled in the ways of the blockchain. Andrew Wasylewich, for once, was into crypto since its inception way before Bitcoin hit the news. Dr. Joseph Liu, the project’s chief scientist, has vast experience in the field of cybersecurity. He is also the “godfather” of Monero. If nothing else, this credit alone ads an additional layer of trust to what HyperChash is trying to achieve.
