ICON ICX to HyperCash HC Exchange

Crypto Pair Details: ICX to HC

ICON ICX

ICON is a blockchain technology and network framework designed to allow independent blockchains to interact with each other. ICON is supported through a cryptocurrency token, called ICX. ICON is a South Korean-based company that developed a blockchain technology and accompanying cryptocurrency token called ICX. The company bills itself as an interconnected blockchain network, allowing participants in a decentralized system to “converge” at a central point. This is done by connecting a community to other communities through ICON Republic and Citizen Nodes. While blockchains are most commonly associated with cryptocurrencies, enthusiasts point out other areas where the technology can be applied. Any exchange of information can technically be added to a blockchain, though adding some types may not be cost-effective. Transactions involving securities, currencies, business contracts, deeds and loans, intellectual property, and personal identification could be “tokenized. ICON’s blockchain is more like the Plasma or Ontology blockchain in that its purpose is to act as an intermediary between other blockchains and networks. This interconnectability makes the ICON project worth keeping an eye on over the next decade. ICON sports its very own decentralized exchange. This DEX sets currency reserves for each blockchain community so that ICON communities can exchange value in real time through the ICON Republic. In this way, DEX complements C-Rep portals by establishing another gateway for ICON Communities to connect to the ICON Republic.

HyperCash HC

Hcash is a new cryptocurrency designed to allow value transfer among blockchains and between blockchains and blockless cryptocurrencies. In addition, Hcash will support private transactions, DAO governance, and quantum resistance. Since Hcash hopes to be a side chain for many different cryptocurrencies, including privacy coins, it will need to implement privacy features to mask how users are moving their funds. To address this issue, Hcash will come with two types of wallets: white and black. While the white addresses will be publicly viewable, the black addresses will remain private. In order to achieve this privacy, Hcash will implement zero-knowledge proofs. This system, as proven on Zcash’s blockchain, involves masking the identity of the sender and receiver through the use of advanced cryptography to verify transactions without sharing information about the transaction with miners. As a result, blockchains that implement zero-knowledge proofs do not include any identifiable user information. Hshare offers enormous technical potential in the industrial, private network sector. Multi-compatible and multifunctional software, which is already designed for quantum processors, makes it possible to combine a wide variety of crypto technologies. This offers advantages in the FinTech area, in finance, in dealing with Big Data and also for the application area of the Internet of Things. Hshare seems to be not subject to any limitations.

SOURCE: COINGECKO

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