HCX – the native digital asset of HC Net – made news last year when it became available to the public for purchase on March 1. This year, California-based, HashCash Consultants, has dipped its toes in ambitious projects across several industries (online gaming, the diamond industry, defense, finance, insurance, mutual fund investment, and supply chain management). Invariably, this has poised HCX on a trajectory to a hike in market valuation which is now drawing investors.
Currently, HashCash has seven product lines that use HCX as an option for payments and trade. These include HC Remit, HC Corporate Payment, HC Market maker, HC Commerce, HashCash ICO stage, HashCash payment processors and HashCash cryptocurrency exchanges. Enterprises around the world use these HashCash products under their own brand name to streamline business processes.
What you need to know about HCX:
HCX, created by the team of blockchain experts at HashCash, embodies all the perks of cryptocurrencies and then some more. It enables banks to settle cross-border payments in real-time at a lower cost, independent of the need for locking funds in Pre-funded Nostro Accounts. HCX settles payments in 2-5 seconds in 1000+ node environment, can handle 3500 concurrent transactions per second, and more than a 100 million transactions a day.
Currency Exchanges can manage liquidity efficiently, settle funds in real-time, and discover new remittance corridors with HCX. The altcoin enables corporate houses to liquidity providers with ease and transparency.
The live network and HCX asset performance are available in the public domain.
Availability of HCX:
Initially, HCX was available for institutional purchase only before opening up to individual buyers. It can now be purchased by on Paybito – the US Based leading global cryptocurrency exchange. “The universal utility of the digital coin and the many products available on the network drive demand of HCX”, said Raj Chowdhury, MD of HashCash.
HCX will be made available to Android users and can be purchased with USD and INR. Crypto traders in other countries can send Bitcoins from their wallets to the PayBito app and purchase HCX using Bitcoins.
What you need to know about HC NET:
HC Net is the cutting-edge blockchain network that supports the wide array of products and services offered by HashCash Consultants. HC Net itself is a collection of HC Net Cores – the backbone of the HC Net. Each of these cores is maintained by different entities in a distributed network, making it reliable and secure. Each transaction on the network costs a small fee to prevent spamming on the network.
In the background, every Aurora server connects to HC Net Core. The HC Net Core software does the hard work of validating and concurring with other instances of Core on the status of every transaction through the Federated Byzantine Agreement (FBA).
HC Net is an open source blockchain community supported by HashCash Consultants for developers to build blockchain applications. More details on this is available on the Developer Portal page on the HashCash website. To help you test your tools and applications, HC Net operates a small test network and Aurora instance.
A comprehensive list of financial organizations on HC NET is available on HashCash partners page.
The network also publishes a network dashboard and HC NET blockchain explorer which shows the transactions happening on the live and test network in real-time.
HashCash Consultants
HashCash Consultants started as a blockchain consulting Company in California. Today, HashCash products enable enterprises to move assets and settle payments across borders in real-time using HashCash Blockchain network, HC NET. Financial Institutions use HC NET for Retail Remittances, Corporate Payments, Trade Finance, and Payment Processing. HashCash also runs the US-based cryptocurrency exchange, PayBito and the leading Cryptocurrency payment processor, BillBitcoins. HashCash offers cryptocurrency exchange and payment processor white label solutions, comprehensive ICO services and customized use case design and development. HashCash propels advancement in the field of blockchain through the Blockchain1o1 program and its investment arm Satoshi Angels.
