HyperCash is an important decentralized and open-source cross-platform cryptocurrency that aims to promote exchanging any information between non-blockchain and blockchain networks.
The HCASH network holds two chains operating laterally, serving different roles within the ecosystem. The chains mentioned above seek to provide users with an interlinked, dual-token, and dual-chain ecosystem to decode interconnection, privacy, and safety concerns prevalent in the existing blockchain ecosystem.
The two chains of the HCASH ecosystem are the HyperCash (HC) primary chain and the HyperExchange (HX) chain. These two are extracted from the significant chain that bridges the communication between blockchains, including ETH, BTC, and non-blockchains like DAGs.
HCASH supports numerous post-quantum signature systems and is compatible with classic ECDSA signatures, seeking to offer a high-level security scheme for participants. The token considers that a community-driven independent governance model can aim to sufficiently meet the requirements of the HCASH community. It can also aim to fulfill decision-making competency and build a more endurable and inclusive development atmosphere. With the help of the hybrid PoW + PoS consensus mechanism, the PoW-generated blocks get confirmed by PoS miners to enter the blockchain. Having both stakeholders and miners partaking in block production seeks to eradicate the chance of a hash power monopoly to a large extent while securing the network's safety.
As per the whitepaper, Hcash builds a new platform further connected to various blockchains (like Ethereum blockchain and Bitcoin blockchain). Therefore, letting value and information spread freely among procedures and redefining the importance of blockchain becomes easier. Hcash aims to create a channel between the procedures based on two entirely different data structures. This way, it can be consistent with mainstream blockchain technical norms at the bottom level. Moreover, HCash also permits new blockchain methodologies to correctly communicate with the present blockchain systems.
