Review on HyperCash by Danh Huỳnh Ngọc Công
HyperCash - Hyper network for the decentralized data transferring
HyperCash or HCash is an interoperating blockchain that facilitates activities regarding transferring cryptocurrencies and data across different ledgers. While the other cross-chain projects focusing on optimizing the interoperability, HCash implements a mechanism of zero-hash proofs to enhance the privacy of transactions making it one of the most interesting blockchains to watch. On top of that, the project utilizes DAG consensus, Proof of Stake, and Proof of Work at the same time to govern the network. HyperCash is really an ambitious project with some strengths as well as some weaknesses.
Pros
- HyperCash is a cross-chain project but it also protects the privacy of blockchain
- The algorithms of consensus ensures the health of the network keeping it up and rewarding the active users
- The project is open-sourced which means the community can always check its source code
- HC is being traded on major exchanges with good liquidity
Cons
- There is no funds backing it at the time
- There is a lot of competition in its field
- The project's progress is sometimes not clear to the community
