Checking on Hshare (HSR), we note recent volume of 47560400. Since the previous day’s settlement price, the currency has changed 1.28%, recently moving to $9.37509. Tracking the circulating supply, we note that the current level is 42995060 with a market capitalization of 403082556.
About Hshare (HSR):
Hshare or Hcash (Symbol: HSR) is an innovative distributed ledger cryptocurrency based on Directed Acyclic Graph (DAG) systems. It adopts both blockchain and blockless techniques. There are several reasons that Hcash is a revolutionary digital currency. Hcash has a double sidechain comprised of blockchain and DAG systems, allowing a flow of information and value between blockchain-based and blockless-based decentralize systems. The coin is hidden by adopting Zero Knowledge Proof technology to have bi-directional encryption. Next, Hcash is hybrid of Proof-of-Work and Proof-of-Stake. In addition, Hcash is Hierarchy using DAO Governance. The project is led by Dallas Brooks, Khal Achkar, and Andrew Wasylewicz.
The increasing popularity of cryptocurrencies has produced widespread public interest. Although the current intrigue is high, the potential impact on existing financial systems is not fully known. Cryptocurrencies can be viewed as electronic accounting systems that record transactions. In general, they are decentralized. This means that there is no central government or authority responsible for ledger and code maintenance. The popularity of Bitcoin specifically has made crypto markets a widely discussed subject. With so much uncertainty surrounding cryptocurrencies, investors will be closely watching market developments as we move deeper into the year.
As the cryptocurrency market continues to evolve, investors and consumers will most likely be evaluating the pros and cons. Although there are plenty of question marks with the current state of the market, there are many possible benefits of cryptocurrencies. Some of the possible benefits include the immediate access to liquidity, immediate availability, and the efficiency of transactions. The real-time access to funds combined with the speed of transaction time could be seen as a big benefit to consumers. Another positive benefit could be the lower transaction costs which would be a result of the elimination of the intermediary or third party.
Following all the happenings in the fast paced crypto markets can be a challenge. Cryptocurrency may be in a remarkable position to transform financial systems that have been in place for a long period of time. Technologies that are transformative typically evolve from a need to solve a certain problem. The peer to peer systems have the ability to make transactions easier and quicker. Although there are plenty of naysayers opining about the current crypto scene, it remains to be seen what will transpire over the next six months. The vast number of marketplaces across the Internet may be welcoming to these new technologies as the fast changing conditions evolve.