HacashPrice

(HAC)

Hacash is a decentralized monetary system that inherits Bitcoin’s Proof-of-Work (PoW) security while introducing mechanisms to maintain stable purchasing power. Unlike Bitcoin’s fixed supply of 21 million, which often leads to price volatility, Hacash utilizes a three-coin system to create an elastic money supply. Furthermore, Hacash features native Layer 2 and Layer 3 architectures for instant payments and smart contracts, whereas Bitcoin typically requires external protocols for these advanced functionalities.

The system utilizes three distinct PoW assets to balance its economy: 1. HAC (Hacash): The main currency for daily payments and transaction fees. It follows a Fibonacci-based issuance schedule designed to stabilize over time. 2. HACD (Hacash Diamond): The first PoW NFT. Limited to 16.7 million units, these are mined using computing power and won through an on-chain HAC bidding process. 3. BTC (Transferred): Bitcoin can be moved from the Bitcoin mainnet to the Hacash chain via a one-way transfer to be used within its decentralized finance (DeFi) ecosystem.

A "Flatcoin" is a cryptocurrency designed to track the cost of living rather than being pegged to a fiat currency like the USD. Hacash achieves this without using external oracles or a basket of goods. Instead, it employs the HACD bidding mechanism. When demand for value storage (HACD) is high, more HAC is burned during the bidding process. This reduction in supply increases HAC's purchasing power, helping the currency maintain a stable value relative to economic activity.

The one-way transfer allows users to move BTC from the Bitcoin network to the Hacash chain, but the process is irreversible. This design is chosen because traditional cross-chain bridges often require centralized managers or multisig arrangements, which can compromise security. By using a one-way transfer, Hacash ensures the migrated BTC remains 100% decentralized, inheriting the same private key and security model as the original Bitcoin while enabling it for use in Layer 2 and Layer 3 applications.

Mining HACD involves two steps: first, users perform PoW mining using the X16RS algorithm to find a potential diamond. Once found, an on-chain auction begins where participants must bid HAC to claim it. To manage the money supply, 90% of the HAC from the winning bid is permanently burned, and 10% is given to the block miner. Mining has evolved from CPU to GPU, and users can participate through various community mining pools.

Because Hacash is a native Proof-of-Work coin with a unique three-layer architecture, it requires specific technical integration. It is primarily traded on specialized cryptocurrency exchanges that support innovative PoW projects. Users interested in acquiring HAC can find it on platforms such as LBank. As the project matures and its infrastructure becomes more widely integrated, it may see broader availability across other trading venues.