Hshare Coin – Introduction
Hshare Coin is the cryptocurrency of Hshare’s decentralized open-scource platform. Hshare Coin currently has a trading volume of 695 million US dollars. The daily trading volume is 28 million US dollars. There are 33,600,000 HSR in circulation as of 22.11.2017.
The cryptocurrency acts as a token for the Hshare platform. The platform was designed to act as a sidechain for block-based and blockless blockchains. Hshare Coin also serves as a value and information carrier between different blockchain ecosystems.
It’s an IOTA copycat from China – much the same thing as ARK. Their whitepaper was a terrible read, in terms of both language and professionalism. It is WAY to hyped up than where it is supposed to be.
There are a lot of claims on Reddit and forums that this coin is a big scam. It does really seem like it – their website is very unprofessional with lots of senseless sentences and basic errors in spelling. It seems there is only one of the team members is a real person, the others have no social media or linked in professional pages and none of their previous companies are listed.
It isn’t even a real coin, as the company is so early in development that they don’t have it out yet. Basically, you are buying an IOU that they will exchange it for the real coin in about 4-5 months assuming they roll out on time. Besides that, the company is in the design stage so have done the whole ICO thing based on vaporware. I saw all that and said “no thanks”.
Read more below on what HSR is in theory …
Hshare Coin – The Cryptocurrency and Platform
According to Hshare there’s seven reasons Hcash can be revolutionary.
- The dual sidechain system allows for an unrestricted flow of information and value between all cryptos
- Your privacy is protected with Zero Knowledge Proof technology.
- Hcash uses a hybrid POW + POS open-governance model.
- The DAO governance system allows for real-time dynamic voting.
- Hcash is quantum resistant.
- Hcash holders can transfer between public and private addresses through their own wallets or client panel.
- Unlimited transfers
Hshare completed a successful ICO in July.
The Hshare cryptocurrency is a DLT-based cryptocurrency, which functions both in block-chains and in blockless Directed-Acyclic-Graph (DLC) systems. This works via a dual sidechain consisting of blockchain and DAG systems. The dual sidechain is designed to ensure an unrestricted flow of value and information between blockchains and DLC systems.
Hshare uses zero knowledge proofing technology. This proofing works through a simple mechanism. Computers in the P2P network verify each other by sending each other the message “This information is true. To do this, it is of course necessary that both computers already know which information is true. This in turn requires a common knowledge base in the P2P network.
That’s why computers are encrypted in two directions. This proof is extremely efficient because not much information needs to be sent. This protects the network against attacks. Attackers cannot find out which information is true because no information is transmitted.
Through the POW-POS open governance system, which is a word structure, every Hshare owner has the opportunity to participate in community decision-making. This includes the decision areas of protocol updating and modernization.
Check out our guide on the next big cryptocurrency.
In addition, there is a DAO governance system. Hshare shareholders decide on the use of revenue through a dynamic real-time electoral system. This ensures that the company enjoys a continuous vitality of the community. The developers included quantum resistance in the design of Hshare.
This development aims at establishing quantum computers on the market. Hshare already has an advantage in the event that quantum computers are established. Users also have the option of transferring between public and private wallet addresses. You can use either your own wallet or the wallet from the provider’s customer panel. Users can transfer as often as they like. This is what the company’s technology offers.
Hshare Coin – Applications
The decentralized cryptocurrency platform ensures value and information transfer through a wide range of block chains. Hshare will have a bright future in the FinTech sector. In the FinTech sector, great importance is attached to the latest information technology, big data, cloud computing and mobile Internet. This also includes increasing efficiency in the financial sector.
Especially in the industrial sector, such as radio frequency trading, Hshare offers the possibility of integrating and linking various systems. Hshare can handle large amounts of data, analytical tools and the use of meta-level networking functions. This also applies to the big data area. Challenges in this area include collection, storage, analysis, data curation, search, exchange, transfer, visualization, retrieval, updating and data protection. All of this covers the Hshare platform and offers enormous potential.
In the Internet of Things (IoT), too, the Hshare platform can serve as a connectivity basis for the networking of vehicles, buildings, garments and other objects.
Hshare offers enormous technical potential in the industrial, private network sector. Multi-compatible and multifunctional software, which is already designed for quantum processors, makes it possible to combine a wide variety of crypto technologies. This offers advantages in the FinTech area, in finance, in dealing with Big Data and also for the application area of the Internet of Things. Hshare seems to be not subject to any limitations.
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You can’t buy it directly for fiat on any exchange. You can choose the best bitcoin exchange for your region and buy BTC there, then trade it for HSR. Learn here how you can instantly convert altcoins to bitcoin and vice versa.
Our recommendation is always check if Coinbase is available for your country and buy there – as it is by far the safest and best regulated bitcoin exchange. Coinbase is legit and safe cryptocurrency exchange.
If your country is not available on Coinbase – check for exchanges that are good Coinbase alternatives (such as Cexio and Indacoin – see here Cex.io review and Indacoin review) and buy BTC on one of those exchanges. You can always exchange your coins on Changelly (see if Changelly is legit), instantly and directly to BTC.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com