MELBOURNE, Australia--(BUSINESS WIRE)--Hcash today announced it will present at the World Blockchain Summit, October 24-25, 2017, in Dubai, UAE. Also known as HyperCash, Hcash is a cryptocurrency, and the only distributed ledger system that connects both block-based and block-less Directed Acyclic Graph (DAG) systems.
Hcash Chief Technology Officer Khal Achkar will highlight the company's recent achievements towards the launch of their full technology stack in early 2018. As a featured speaker, Mr. Achkar will also talk about the future of blockchain ecosystem and how Hcash's secure, quantum-proof encryption technology can bring maturity and cohesion to the myriads of incompatible platforms sprouting up daily in the crypto world.
Most cryptocurrencies are based on a purpose-built digital ledger called blockchain, i.e., linear records of transactions and data that form an immutable chain of information. Bitcoin and Ethereum are two of the most notable examples. However, there are other crypto chain architectures that are designed to be block-less, which makes them more scalable, lightweight and possible to be traded with less or no fees. IOTA is one of such a digital coin. It replaces the blockchain with a “Tangle” – achieving mostly the same results with a new set of features.
The Hcash project looks to unite the two worlds by leveraging the design of a sidechain that is compatible with both types of architectures. Hcash has a dual sidechain composed of both blockchain and block-less DAG systems, designed to facilitate an unrestricted flow of information and value between block-based and block-less distributed ledgers.
“Overcoming limits and improving the flow of information is inevitable for blockchain technology survival. Hcash is born with a vital link to both block-based and block-less systems, enabling value and information to be exchanged freely between two different worlds," said Dr. Joseph Liu of Monash University’s Faculty of Information Technology, "By eliminating the barrier between two different blockchain technologies, Hcash brings forth greater room for growth and opportunity for the entire industry.”
Hcash, a "New Standard of Value", is a prominent open blockchain/cryptocurrency that is currently number 21 on the cryptocurrencies worldwide chart with a coin market cap of $340,987,400.