The day that we’ve all been waiting for has finally arrived. Today at block height 938,888 the HCASH Foundation officially launched and began migrating HCASH services from the HSR chain to the HC chain.
This network migration represents over a year of hard work, research and development from multiple invested parties, all of who are thanked and highly appreciated by the HCASH Foundation.
To our developers, researchers, university partners, exchange partners, community managers, community members, invested enthusiasts and everyone in-between, we appreciate your dedication, patience and understanding. We hope that in the future we continue to meet your expectations and we will do our best to continue to innovate, develop and implement code into our chain.
As a background to the upgraded network, HyperCash (HC) will act as the backbone of the HCASH ecosystem. The network will fully implement quantum resistance, support a hybrid PoW+PoS consensus mechanism and feature a DAO-governed ecosystem. HCASH developers will also orient their efforts to implement a lightning protocol and privacy preserving protocols (researched by researchers at Monash University and Hong Kong Polytechnic University).
The HCASH Foundation will also launch the HyperExchange (HX) network to work in parallel with HC, to form an interlinked, bifocal dual-token, dual-chain structure. This token will facilitate other parts of the vision laid out by the HCASH Foundation, including cross-chain transfers and smart contract functionality.
In the future, the development and advancement of our underlying technology will be achieved within the framework of these two parallel chains, with a mutually beneficial relationship between them.
Important notice to HSR users: All HSR tokens generated from PoS or PoW activities after block height 938,888 (now) will incur losses. This is because all tokens generated after this block height will be deemed as invalid and un-swappable. To mitigate this risk for the time being, please ensure you conduct PoW and PoS activities through HC specific programs (or use the HCASH mobile wallet for easy PoS staking). Additionally, do not buy HSR tokens at discounted rates from this point in time as they may be affected tokens which will be deemed invalid, leading to a loss of assets.
We are grateful for the immense effort made by all contributors. Each contributor and community member is vital to the technical development of HCASH.