HiCoin is a blockchain-based protocol that seeks to reduce energy consumption within the cryptocurrency ecosystem. To achieve this, HiCoin proposes to create a network that uses a proof of stake (PoS) strategy to build the security model. According to the whitepaper, HiCoin is a project with the goal to demonstrate the viability of a network that does not depend on immense sources of energy.

Most of the cryptocurrencies use a proof of work (PoW) strategy to generate new tokens.). Despite the necessity for PoW in the initial stages of the distribution process, it gradually loses its importance. Additionally, the nature of PoW makes power consumption an integral part of the token creation process. The users have to bear this excess overhead cost. Thus, for the developers of HiCoin, it was technologically important to build a platform that does not rely excessively on energy usage.

HiCoin uses a hybrid design where the blocks are separated into two categories. A dual system uses both PoW and PoS strategies for specific requirements. The PoS uses a unique transaction called Coinstake. Using this method, a user consumes their tokens to generate a new block for the blockchain. By doing so, PoS also assists in the creation of new tokens for the platform.

HiCoin aims to use a checkpoint mechanism to reduce the threat of attacks on the blockchain. The strategy aims to ensure that the blocks are not reorganized without the agreement of all the community members. For this reason, checkpoints are introduced into the network that would update the status regularly so that all the users are aware of even a minor transaction being executed.

HiCoin implements a duplicate-stake protocol. As per this protocol, each block is signed by its owner. By doing so, the chances of an attacker using the same PoS to generate multiple blocks can be ruled out. Thus, HiCoin strives for a network protected by PoS even when the energy required for PoW becomes zero.

The whitepaper of HiCoin was released in 2015.

(1) http://xhicoin.io/home/theme/basic/img/WHITE%20PAPERS.pdf

(2) http://xhicoin.io/home/

(3) https://www.coinbase.com/learn/crypto-basics/what-is-a-blockchain

(4) https://www.coinbase.com/learn/crypto-basics/what-is-a-protocol#:~:text=Protocols%20are%20basic%20sets%20of,to%20be%20shared%20between%20computers.&text=The%20blockchain%20would%20work%20like,power%20of%20the%20entire%20network.

(5) https://www.coinbase.com/learn/crypto-basics/what-is-cryptocurrency

(6) https://www.coinbase.com/learn/crypto-basics/what-is-proof-of-work-or-proof-of-stake#:~:text=What%20is%20proof%20of%20stake%3F&text=In%20a%20proof%20of%20stake,earn%20some%20crypto%20in%20exchange.

(7) https://www.coinbase.com/learn/crypto-basics/what-is-a-token#:~:text=Technically%2C%20%E2%80%9Ctoken%E2%80%9D%20is%20just,they%20are%20technically%20also%20tokens).

Aktualizujemy nasz kurs HiCoin do USD w czasie rzeczywistym. Otrzymuj aktualną cenę HiCoin na Coinbase.

Obecna kapitalizacja rynku HiCoin to 0,00 USD. Wysoka kapitalizacja rynku oznacza, że aktywa są wysoko cenione przez rynek.

Najwyższy w historii poziom HiCoin to 0,0908 USD. Ten rekordowy poziom to najwyższa cena zapłacona za HiCoin od czasu jego wprowadzenia na rynek.

W ciągu ostatnich 24 godzin wolumen obrotu HiCoin wyniósł 0,00 USD.

Aktywa o podobnej kapitalizacji rynkowej do HiCoin to m.in. BERNcash, Bitcoin 21, PostCoin i wiele innych. Aby zobaczyć pełną listę, zobacz nasze aktywa o porównywalnej kapitalizacji rynkowej.

Obecna podaż w obiegu HiCoin wynosi 0.