Hyper Speed Network HSN to Beam BEAM Exchange

Crypto Pair Details: HSN to BEAM

Hyper Speed Network HSN

A fast, secure, and easily available cryptocurrency designed for “tipping and Rewarding”, allows rewarding a worker for a job well done, while avoiding the high fees on payment milestones inflicted on both sending and receiving parties involved, that is usually incurred by such transactions by the specialized job marketplaces that act as intermediaries between the parties. With Ethereum technology secures almost instant transaction of tipping reward and in the process either avoids the intermediary job marketplace platform in question, or as a best case scenario, is integrated into the job marketplace and acts as an additional bonus feature of the very job marketplace platform, this welcoming all parties involved; the employer, the employee, and the intermediary job marketplace platform to the world of digital currency. Helper Search Token ( HSN ) cryptocurrency can be used both as an integrated reward system for the intermediary platforms, or without the integration, as it is already a stand alone payment system with a use case in every industry and any task solving situation, from getting a big contract based project done, to rewarding a school child for doing the homework, Rewarding for network gathering foreign, domestic helpers, employers and employment agencies

Beam BEAM

Beam Mimblewimble is a scalable, fungible, and confidential cryptocurrency based on the Mimblewimble implementation. WHY BEAM? Core features include complete control over your privacy, All transactions are private by default, No addresses or other private information are stored on the blockchain, Superior scalability due to compact blockchain size, Opt-in Auditability, Support online and offline transactions, atomic swap, hardware wallets integration. Governance model No premine, No ICO. Backed by Treasury Establishing a non-profit foundation to govern the protocol after Mainnet launch How does it work? Wallets’ owners create new transaction using secure channel either online or offline Both wallets participate in signing the transaction using Schnorr protocol Wallet sends transaction to node Each transaction contains a list of Inputs and Outputs represented by Pedersen Commitments, as well as explicit fees and kernels. Each transaction also contains non-interactive zero knowledge range proof to verify that the output transaction value is positive Transaction is verified by the node Each transaction is verified with respect to the recent blockchain state which is stored as a Merkle Tree. The root hash of the tree is recorded in block header along with a proof of work. In addition, each node periodically creates compacted history to allow ‘fast sync’ of new and existing nodes. Transaction is added to the mining pool A block is mined every minute and is sent back to the node for verification and distribution. Mined blocks containing the new transactions are sent to the known peers A valid block that is extending the longest chain is accepted as a new Tip and propagated further until full consensus is reached. Fast sync When a new node connects to the network for the first time it can request compacted history containing only system state and blockchain headers. There is no need to retrieve the entire transaction history.

SOURCE: COINGECKO

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