Hcash is proud to announce that as of the 11th of December 2017, its main chain testing phase has begun. With the launch of this chain, the Hcash ecosystem has reached a new phase in its lifecycle. Hcash is now able to support more projects on its network, allowing for more versatility and accessibility, while providing a solid technological foundation for the future expansion of this ecosystem. Hcash prides itself in prioritizing the development of its technology and thus, is now able to provide a new network that is more secure and efficient than ever before.
Hcash is currently building the capability to interact between chains and has successfully completed its quantum-resistance design. Its team will continue to work on its plan for a decentralized system that is capable of seamlessly interacting with other tokens. This will help better service the needs of those in the finance, e-commerce and big data industries.
In a few short months, Hcash has successfully become one of the top 30 cryptocurrency leaders globally by market capitalization. This is made possible in part because of Hcash’s partnership with leading universities such as Shanghai Jiao Tong University, Hong Kong Polytechnic University and Monash University Australia who have all worked hard at improving Hcash’s technological capabilities.
During the preliminary testing of the main chain, we welcome those who are interested in helping us improve functionality to download the beta version at: https://github.com/HcashOrg/Hcash/releases/tag/2.0.0 and it’s user guide at: https://github.com/HcashOrg/Hcash/wiki
We hope that through rigorous testing, we can further improve the product to provide a better user experience. Developers and independent users can contribute to the improvement of the chain through two different ways. Developers are welcomed to report any known issues to our Github page and improve the code as they deem necessary. The Hcash team will then contact the developer in private and reward them accordingly. While independent testers or users are welcomed to send their experiences and suggestions to [email protected]. The Hcash team will also reward these users accordingly.
Important hints:
This test main chain is used only for beta testing; any transactions will not be accepted by the future main chain or the current chain. It is used purely for testing purposes.
The Hcash main chain will have the following capabilities:
Smart contracts:
-As Smart contracts are universally understood to be one of the most useful tools in the cryptocurrency ecosystem, the Hcash team has worked hard to introduce this in Hcash by creating a smart contract protocol that is highly flexible and capable of executing complex codes seamlessly. When designing the smart contract protocol, Hcash developers were mindful of the possibility of severe lags in the chain due to large volumes of transactions, and wanted to create a smart contract protocol that would reduce the likelihood of such problems. Additionally, by using C++11 and glua’s programmable smart contracts, it has also become a possibility for small to medium-sized businesses to adopt blockchain technology to utilize in their day-to-day business transactions and operations.
Diffie-Hellman method:
-Hcash has used the Diffie-Hellman method to ensure that the key is able to navigate through unsafe networks and avoid the compromise of data during transactions. Network congestion has been a long-standing problem in the cryptocurrency industry. This is because both bitcoin and Ethereum chains have small block sizes, making network congestions common. Hcash’s upgrade means that its block capacity has increased to 500tps as compared to bitcoin which only has a 6.99tps capacity; leading to a 70-fold improvement, making Hcash a much better candidate for executing high-volume microtransactions.
PoW+PoS Mechanisms:
-With the launch of the chain, Hcash will officially adopt a PoW+PoS system. A combination of the two will ensure that the system can be more easily audited and thus, is more secure. PoS can help users without mining setups participate, while PoW can attract cryptocurrency enthusiasts who want to help support the Hcash ecosystem.
Hcash will continue to work with its partnered research and development teams across the world to solidify its position at the forefront of the industry. Once beta testing has been completed, Hcash will focus on launching its non-test main chain.
The Hcash team would like to take the opportunity to thank its community who have continually supported its product. We would also like to extend our thanks to our team members all throughout the world, as well as our research labs who have worked tirelessly to develop Hcash’s technology.
Please continue to monitor Hcash’s social media accounts to follow our progress. Thank you.
Topic: [ANN]Hcash Main Chain Beta Testing Announcement (Read 396 times)
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