What is HashNET? HashNET is a scalable, fast, secure, and fair decentralized- beyond blockchain project, leveraging Distributed Ledger Technology (DLT) and consensus algorithm which keeps all positive characteristics of a blockchain technology while increasing throughput to more than 200,000 transactions per second. Network is using Proof-of-Stake with masternodes, which eliminates the need for a massive energy consumption.
Steem Dollars are liquid stable-value currency tokens designed to be pegged to $1 USD. Steem Dollars can be traded with STEEM and transferred to other accounts for commerce or exchange.