HshareHshare is an ICO token which could be converted to Hcash at a 1:1 ratio when launches. It is a cryptocurrency designed to facilitate cross-chain value transfer between blockchains and blockless systems such as DAG type of network (See IOTA/Nano for example).
What is Hshare?
Hshare is an ICO token which could be converted to Hcash at a 1:1 ratio when launches. It is a cryptocurrency designed to facilitate cross-chain value transfer between blockchains and blockless systems such as DAG type of network (See IOTA/Nano for example).
How does Hshare work?
Exchanging value across different blockchains is troublesome, not to mention crossing between blockchain and blockless systems. Today you can rely on exchanges to trade/swap the tokens but the process could be slow and you need to pay a fee for the service.
Hshare/Hcash is designed with a view to solving this cross chain problem. Hshare operates as a side chain for blockchain and DAG currencies through running two concurrent networks that are interoperable with other blockchain/blockless networks. One network is blockchain based, the other one uses DAG technology.
Hcash is designed purposely to have both public and private addresses to be compatible with Zcash (t-addr and z-addr) 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.
The platform runs on a hybrid Proof of Work and Proof of Stake consensus mechanism. The system follows the philosophy of Decred and Dash in its governance structure. Hshare allows all coin holders to participate in major decisions in the community through PoS mining mechanism, including protocol updates and upgrades.
In terms of transaction verifications, the mining process would begin in a traditional PoW manner where miners would compete to solve a cryptographic problem. Once completed, a set of random validators will be selected based on a POS model to sign the new block. Here, the chance of a validator to be selected would depend on the number of coins he or she holds. The more coins a validator has, the higher the probability of him/her being selected. Once these selected validators have completed the signature of the block, the template will become a complete block. If some of the validators are not available for signing the block, they will be selected to sign the next block and a new set of validators will be selected until the current block gets the correct number of signatures.