[Dao Chain Investment Management Limited]
Is the next Bitcoin public chain Hacash secretly emerging, the beginning of a new web3 era?
*Dao Chain Investment Management Limited*
Press release: September 14, 2024
**
Is the next Bitcoin public chain Hacash secretly emerging, the beginning of a new web3 era?
* – First introduction to a mysterious project without a founder and supported by a completely decentralized organization – *
Hacash is a fully decentralized public chain, and DaoChain, as its holder, will be writing this report. Additionally, this report is based on web3 investment fund Ayanna.
Created based on content provided by Research.
* 1. Introduction *
Hacash is a public chain that has attracted attention in the cryptocurrency industry for its unique approach and mysterious background. The founder is anonymous, and his presence is reminiscent of Bitcoin founder Satoshi Nakamoto, making him an interesting figure in the industry. While Hacash has the technological and theoretical strength to solve blockchain’s “impossible triangle problem” and enable rapid and large-scale cryptocurrency payments, Hacash has once again returned to the value of “decentralization” as the basis of web3. It is also a mysterious project that brings us back to the original. This report details Hacash’s history and mechanism, and explores its future potential.
* 2. History of Hacash *
The Hacash project started in 2018 and has progressed smoothly since then. Below are Hacash’s important historical milestones.
– 2018: The Hacash white paper was published anonymously, and the Hacash project officially started in this year.
– February 2019: First block of Hacash mined, 1HAC issued as block reward. – May 2019: The first HACD (Hacash Diamond) is mined and the first payment network is launched.
– November 2020: Hacash official website [hacash.org]( http://hacash.org/
– December 2020: First Hacash Forum [hacashtalk.com]( http://hacashtalk.com/ ) was established, and a place for communication between users was established. – February 2021: Hacash is listed on the centralized exchange Vindax, and the block reward is changed to 2HAC.
– August 2021: Hacash payment network speed-per-second test was successful. – September 2021: The first generative art work using HACD is announced. – August 2022: Hacash first technology company [Hacash.com]( http://hacash.com/ )
was established and the block reward increased to 3HAC.
– November 2023: HACD is listed on the first centralized exchange NonKYC, and the block reward is changed to 5HAC.
– January 2024: Hacash’s first browser wallet “MoneyNex” is launched, and the block reward is changed to 8HAC.
– March 2024: HACD’s “engraving program” goes live and more advanced features are available on the Hacash blockchain.
Thus, Hacash is progressing with many innovative initiatives, and its technological foundation is gradually being strengthened.
* 3. Hacash value and PoW mining *
Hacash has its own Proof of
It incorporates a PoW (PoW) mining system and technological
innovations like no other. In particular, there are two major assets:
– HAC (Hacash Coin):
It is the underlying currency of the Hacash network and is used to pay transaction fees. Generated by PoW, block rewards are issued as HAC. – HACD (Hacash Diamond):
It is an extremely rare asset that has value as digital art or a rare asset, and can only be mined if certain calculation conditions are met.
Hacash’s PoW mining not only generates blocks based on computational power like Bitcoin, but also applies to the generation of a rare asset called HACD. HACD requires advanced mining calculations and is expected to have high value in the future due to its rarity. In particular, since the issuance of HACD is limited, it has a high collectible value and is attracting attention as a unique digital art asset.
Additionally, “mining difficulty is dynamically adjusted, so it remains fair and secure even as the network’s computational power increases. This allows Hacash miners to earn diverse rewards.” This improves the stability of the entire system.
* 4. Solving impossible triangular problems *
Hacash has the potential to solve what is known as the “impossible triangle” of blockchain: scalability, security, and decentralization. – Scalability:
Hacash utilizes payment networks and sharding technology to speed up transaction processing. In particular, the successful speed-per-second test of the transit payment network in 2021 is proof of Hacash’s technical scalability. It is expected to be used as a large-scale payment system because it can process large amounts of transactions quickly.
– Security:
Hacash is a system based on PoW and, like Bitcoin, offers very high security. The Hacash network is a very costly target for attackers, especially since rare assets like HACD enhance the value and security of the entire network.
– Decentralization:
Hacash is a completely decentralized network and has no founder, so it operates without relying on any specific authority. Miners and user communities take the initiative in operating the network, maintaining its decentralized nature.
With this, Hacash is overcoming the “impossible triangle problem”, which is a challenge in blockchain technology.
* 5. Enabling large-scale cryptocurrency payments *
Hacash can also be deployed as a large-scale payment system. In particular, the following points are noteworthy:
– Multi-currency support:
Hacash supports BTC, HAC, and HACD, giving users the freedom to use different currencies, making payments smooth in a multi-currency environment.
– Fast and low-cost payments:
The payment network allows Hacash to process transactions at extremely high speeds. In addition to this, transaction fees are also very low, making it suitable for both large-scale commercial transactions and everyday small transactions.
– Global expansion:
Due to Hacash’s scalability and flexibility, it has the potential to be used in international remittance systems and large-scale commercial transactions.
* 6. Mysticism and prospects for the future *
Hacash is currently attracting interest from all over the world because it is a fully decentralized project built by people who discovered its value in the early stages, based on a white paper proposed by an anonymous founder. As a result, Hacash is not just a technical blockchain, but also a project with philosophical aspects. This mystique makes Hacash’s future even brighter and is a major attraction for users and investors.
* 7. Conclusion *
Hacash is building a strong position in the cryptocurrency industry thanks to the unique vision and technological innovations of its anonymous founder. Hacash is a very attractive project in terms of solving impossible triangle problems, realizing a large-scale payment system, and supporting multiple currencies, and its future is bright.
* [Hacash public interest organization information]*
Open source: https://github.com/hacash
Homepage (HP): https://hacash.org/
* [SNS information]*
Hacashinfo (X): https://x.com/hacashinfo
HacashMagazine (X): https://x.com/HacashMagazine
HacashDaily(X): https://twitter.com/Hacash_Daily
HacashNews(X): https://twitter.com/HacashNews
HacashInitiator(X): https://twitter.com/Hacashinitiator
HacashOrg(X): https://twitter.com/hacashorg
HacashDAO(X): https://twitter.com/HacashDAO/
HacashDiamond(X): https://twitter.com/HacashDiamond/
HACD Art(X): https://twitter.com/hacdart/
*[Community]*
Telegram 1: https://t.me/hacash
Telegram 2: https://t.me/HacashCom
Discord1: https://discord.gg/evtt4bDfKu
Discord2: https://discord.gg/6wH9KJeDFC
*[Token information]*
Token purchase page: https://hacash.org/get