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Hush

What is Hush?

Hush is a privacy coin that was forked from Zcash coin. This implies that it shares most properties and features with Zcash 1.0.9 such as a total supply of 21 million coins. The coin was founded in November 2016 with the primary target of advancing user privacy when sending value.

While Zcash and other crypto coins such as Ripple have improved on the original idea of decentralization, Hush founders argue that a lot of improvements are still needed. For example, Hush supports a new crypto app referred to as Hushng that facilitates private messaging when sending value on a peer2peer basis. Other details of Hush include;

  1. Utilizes Equihash mining algorithm
  2. Features a block time of 2.5 minutes
  3. The mining difficulty is adjusted after every block
  4. The mining reward is 12.5 Hush per block
  5. Mining reward halves after every four years 
  6. The total supply of Hush is 21 million
  7. The hush coin label is HUSH
  • A closer look at Hush performance in the market

After discovery in November 2016, HUSH coins hit the market in the subsequent month, December. On December 3rd, 2016, the value of Hush was $0.02. It remained within that range until March 2016 when it started rising steadily. In June 2016, the value shot through the $1 mark.

By 20th June 2017, the value of the coin had grown by approximately 19000% to hit $3.86. But the positive growth did not stop there. The bullish trend continued throughout the remaining part of 2017 and climaxed at $19 on 7th January. This was the highest mark in the coin’s history.  But the positive show did not last.

Immediately after hitting a peak, the price took a downtrend that persisted for the rest of 2018. By the close of 2018, the value of Hush had sunk to $0.04. However, it is prudent to mention that the negative price show was not peculiar to Hush. Many coins in the crypto market such as Bitcoin, Loopring, and Ethereum were on a bearish trend in 2018.

The negative show was a correction of the sudden rise in crypto prices in 2017. Therefore, it is crucial for investors with interest in Hush to evaluate its potential before buying its native coins. For example; will the price of Hush grow in the coming months?

What is the problem that Hush solves?

When cryptocurrencies hit the market in 2009, the crypto community believed that the solution they were seeking had finally dawned. Though the introduction of decentralized transactions provided an alternative to the traditional financial systems, the new system was not without its share of problems. Here are some of the problems that Hush addresses.

  • Lack of privacy in the crypto markets

When you take a closer look at cryptocurrencies, their design gives the impression that transactions are completely anonymous. But this impression is incorrect. It has now emerged that it is possible to pull out personal trending history from most crypto networks. Here is the case of Bitcoin.

If you use Bitcoin to run transactions such as sending value or making payments, there are a number of ways that your transaction history can be pulled out. One, Bitcoin system only uses pseudonyms to protect user info. This means that other details such as actual IP addresses that can be used to identify the user are exposed.

To know the source of transactions, an attacker or government agency can follow different nodes to establish where transactions are coming from. For example, if you pay for services from different stores using Bitcoins, it is possible to follow the transactions and identify you.

Because Bitcoin blockchain is an open ledger, the transactions are available for scrutiny by any interested party. If a group of Bitcoin addresses are tied to a specific user, it is possible to also know the identity of others. Hush targets to address these issues by ensuring all the details are kept completely anonymous.

  • The high cost of sending value through traditional financial organizations

If you want to send value through the traditional financial organizations such as banks, the charges are very high. However, the operational design of these organizations requires them to optimize profits in order to generate ample returns on shareholders’ investment.

The other reason for making traditional financial organizations charge a lot of money for their transactions is to meet the high cost of expenses. For example, most banks have to maintain operational branches downtown to serve their clients. Therefore, they have to raise funds to meet costs for rent, wages, and advertisements.

  • Poor adoption of cryptocurrencies in the society

Though the number of cryptocurrencies in the market has increased steadily, it is ironical that the same is not reflected at the lower levels of society. For example, if you have some crypto coins, the chances are that no store in the neighborhood supports them for direct payment of goods and services.

Many coins in the market today are held by investors who buy in bulk and wait for the price to go up to offload. The local stores are also hesitant to adopt the native coins because of the complex process of acquiring them. For example, you need to join a crypto exchange in order to buy or exchange the native coins for fiat currency.

  • Difficulty in sending messages together with crypto transactions

When people send funds, being able to send a message associated with the transaction is very important. For example, a message saying “thank you” attached to a crypto transaction is a courteous way of promoting good relations with clients. However, most crypto networks do not support messaging. Hush targets to address this problem by providing a platform for sending messages privately.

How does Hush solve the problem?

To address the issues identified above, Hush development team had to craft a unique strategy that would also help to position it appropriately in the competitive market. Here are some of the methods used to address the problem:

  • Hush is a completely decentralized platform

Decentralization is the primary method used to address the outlined issues. The Hush system operates as a network of nodes that run all operations including its governance. This means that the network bypasses the profit-seeking organizations such as banks to ensure that transactions are direct, fast, and cheaper.

As a decentralized network, it implies that there is no single point of failure. The data on all transactions is stored by different nodes to ensure that even if one is offline or falls off, it would still be accessible from other nodes. The decentralized nature of Hush also implies that any person can become part of the network’s governance and contribute to its growth.

  • The application of zero-knowledge  core

Zero-Knowledge proof is a cryptographic method of enhancing anonymity in a network. It is a method where one party (call it prover) can prove to another entity (verifier) that he knows the value of X, without conveying any further details apart from the fact that he knows the value of X. according to the protocol, all other details apart from the value of X are considered trivial in completing a transaction.

  • Use of private messaging application

The Hush network is designed with a messaging application called HushList that allows users to send private messages. The app encrypts the messages so that users can attach messages when sending transactions.

The Hush contacts are stored in the users’ computers while the messages are attached to the blockchain so that only the recipient can decrypt it. Note that depending on the user’s preference, the transactions can be anonymous (shielded) or transparent.

  • Equihash algorithm

To ensure that more people can mine and own Hush coins, the network employs proof of work equihash algorithm. Equihash algorithm was developed by Dmitry Khovratovich and Alex Biryukov in 2016. The technology has been successfully employed by Zcash and Ion projects.

Like at Zcash, Hush adopted Equihash because it implements bottle-necked by memory bandwidth to make it difficult for cost-performance trade-offs for custom ASICs. However, ASIC technology has advanced so much and started generating equihash mining equipment. This implies that though you can still mine Hush with ASICs you can also mine it with standard GPU and CPU.  

What makes Hush better than it’s competitors?

When Hush developers released the coin into the market, they knew it was fiercely competitive. However, they were focused on outdoing others and emerging as the best in the market. Here are some of the things that make Hush better than competitors:

  • Hush is led by an aggressive team that focuses on progressively advancing it. This is one of the reasons why Hush boasts of very impressive features such as Hush Messenger and Zero Knowledge Prove
  • The network operates as a completely decentralized system. This implies that both investors and traders  can run transactions  without worrying about third-party seizures
  • As a peer2peer coin, HUSH allows users to send funds directly without going through third parties. This means that transactions are completed faster and cheaply
  • Since Hush operates as a proof of work coin, it implies that those who join the network also own it. Therefore, they could be called to vote when governance issues arise or new features are being introduced
  • The Hush system is gaining a lot of popularity from the mantra that it is better than Zcash and Bitcoin. Having solved some of the issues that face most of the coins in the market, Hush is seen as one of the next generation coins that are helping to redefine the crypto niche

How can Hush be categorized?

Hush is a completely anonymous and decentralized cryptocurrency. Its design and features are aimed at helping to ensure that users can run their transactions in total anonymity. The community has especially been impressed by the additional features that help them to attach encrypted messages when sending value.

Note that even though the coin offers the optimal anonymity that people want, it is crucial to be extra careful when trading Hush in the exchanges. This is because exchanges require traders to provide additional personal info that can be used to identify them. To be sure of operating in total privacy especially when trading in the markets, consider using decentralized exchanges.

What is Hush’s vision on security?

Hush vision on security is guaranteeing users of optimal security and privacy to users on its platform. The development team wanted to create a network that could help advance the original idea of Satoshi Nakamoto. Satoshi, the pioneer of blockchain networks, espoused a system that would allow users to operate without worrying of getting attacked or transaction details known by third parties.

To keep the Hush system more secure and reliable, here are the strategies employed by its development team:

  • Use of advanced encryption and zero-knowledge prove that helps to keep user info away from attackers
  • The development team is very aggressive in identifying gaps and addressing them before attackers can take advantage of them
  • The system uses total decentralization that helps to ensure all the coins are evenly distributed. This is very crucial in reducing the danger of 51% attack

Examples of What is Hush’s use cases/ applications

To advance the decentralization and blockchain technology concepts, the Hush development team believes that it is prudent to get as many uses as possible. Here are some of the uses cases of Hush:

  • Hush can be used to send  value on a peer2peer basis both locally and across the globe
  • Like Bitcoin, Hush can also be traded in the exchanges that list it
  • If you reside in a jurisdiction that supports cryptocurrencies such as Switzerland and Arizona, it might be possible to pay taxes and other government services
  • If you want to join the crypto niche by investing in cryptocurrencies, one coin to consider is HUSH
  • Hush coin can be used to pay for goods and services in stores that support them. Note that even in the event that only a different coin is supported, it is still possible to pay with HUSH by converting to the accepted coin
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InPay

What is InPay?

InPay is a crypto network and a payment system designed to help entrepreneurs accept payment in digital coins. The crypto network was designed to help free crypto enthusiasts from paying large commissions to intermediaries and banks when running transactions.

The system was created early in 2017 to help address the complexities that people face when they decide to join the crypto niche.

Unlike other crypto coins such as Bitcoin and Ethereum whose founders are known, there is little info about InPay founders. This is considered to be in line with the crypto network’s commitment to operating a completely anonymous system.

 For many people who target to join the crypto niche, the ease provided by InPay helps them to easily buy Bitcoins either for trading, direct purchases or investing. This is one of the reasons why the popularity of the coin grew steadily especially in 2017 as more people came to appreciate the advantages of having the native coins.

  • InPay coin’s price performance in the markets

When InPay hit the market on 17th April 2017, the value was $0.06. Then, it dropped to $0.01 on 23rd April 2017 before rising steadily to hit $0.3 on 4th July 2017. However, the positive show was short-lived. From July 2017, the value took a downtrend that persisted until the close of November the same year to reach a low of $0.1.

In December 2017, the value took a steady bullish trend rising to $0.4. This was the highest point in the value’s history. But the positive show was short-lived.

Between January and early April 2018, the value of InPay sank to $0.08. After rising and hitting another peak of $0.3 in mid-April 2018, the value of the coin took a downtrend that persisted in the remaining part of the month.  

Notably, InPay exited the market in September 2018 at a price of $0.02. The exit has left investors wondering about their next move because they are stuck with coins they cannot transfer.

What is the problem that InPay solves?

When the first crypto entered into the market in 2009, it became apparent that a reliable alternative to making direct payments without involving third parties had finally been found. Though more effective, the crypto networks had some shortcomings that stood on the path of full realization. Here are some of these problems that InPay solves.

  • The complexity of  owning cryptocurrencies

While the notion of cryptocurrencies has become known to many people today, owning the digital coins is still an uphill task. In many cases, you are required to download a full blockchain in order to access the network. In addition, you will also be required to identify the right wallet to store the selected coins.

By requiring users to use multiple platforms, they easily get confused. For example; many people are torn between using the desktop wallets and hardware wallets to store their coins. Though the hardware wallets such as Ledger Nano S and Trezor are considered highly secure, they are also very expensive. InPay was created to help users easily acquire, store, and use their digital coins.

  • Difficulty trading cryptocurrencies

Like fiat currencies, one of the main ways of optimizing returns from crypto coins is trading in the markets. However, this is very complicated. Because cryptocurrencies not regulated, they are prone to manipulation and schemes such as pump and dump. The exchanges have also become a prime target for hackers.

In the past, exchanges such as Mt. Gox, Poloniex, and Coincheck were attacked and millions worth of crypto coins lost. InPay provides users with a secure platform to trade their coins securely. But these are not the only problems that plague crypto exchanges.

When people decide to use crypto exchanges, they are very complex to understand. For example, users are required to open trading accounts, verify them, and navigate through multiple sets of data to understand the prevailing trends. This makes trading very complex especially for novices who are joining the industry.

  • Centralization of financial services

If you take a closer look at the conventional financial services offered through banks and credit card companies, the most notable thing is high centralization. The user data is held in centralized vaults or servers that make it very easy to lose either through attacks or even disasters such as fire. But this is not the only danger that comes with centralization.

The profit-oriented model implies that services such as sending value through institutions such as banks are very expensive. Besides, user data is also exposed to many parties such as cashiers, bank management, and financial system administrators. Therefore, there is no secrecy.

The ease of accessing personal financial reports and trading history means that people can easily become a target for legal battles. For example, a case can be thrown your way because you have funds in a bank and attorneys want a share of it.

  • Poor adoption of cryptocurrencies

Though the number of cryptocurrencies in the market makes it appear like the adoption of digital coins is okay, a closer look reveals a different story. If you have some digital coins, and want to buy an item in the neighborhood, the chances are that only a few or none will accept them.

When new coins hit the market, the first people to buy and mop them are top investors. Then, they hold the coins until the price edges up before selling at a profit. This implies that though a lot of coins have been released, they are still held in the hands of a few users. InPay seeks to make it simpler for all to access and use crypto coins.

How does InPay solve the problem?

The development team of InPay wanted to make the platform the most advanced in the niche. Therefore, they adopted a unique approach that helps to address the above issues and guarantees users of extra convenience. Here are some of the methods that lnPay uses to address the problems:

  • InPay operates on dual blockchain

The fast evolution of cryptocurrencies in the market today demonstrates the crucial need to craft more effective technologies. Unlike the standard cryptos and their related platforms that largely operate on a single blockchain, InPay is based on two; Waves and Ethereum.

Operating on both blockchains implies that InPay can provide users with benefits associated with both Ethereum and Waves. For example, users can enjoy smart contracts provided by Ethereum blockchain and ease of trading from Wave blockchain.

If you have a business and want to start using cryptocurrencies, InPay ensures that you can easily setup smart contracts and execute trade with ease. Because smart contracts are inviolable, you can set an e-commerce section to auto-execute trade day and night for clients from different time zones. This implies that your shop will never stop and users will be able to purchase using Bitcoins even at night.  

  • InPay is a one-stop-unit for all crypto needs

To make access, use and trading Bitcoin easy, InPay operates as a one-stop-point for all user needs. The crypto network provides users with direct access to Bitcoins and trading them. InPay operates as a native coin, a trading platform, and wallet.

Whether you only want to trade Bitcoins or hold them for some time awaiting the price to grow, InPay has a reliable solution for you. It makes it easy, fast and reliable option for both new and veteran crypto enthusiasts to join and trade profitably.

The good thing with InPay is that it also supports other platforms such as wallets for storing Bitcoins. This means that even for those who already have Bitcoins in platforms such as Exodus and want to use the platform can also access its features.

  • InPay coin operates as a completely decentralized crypto

InPay also has its native coin that operates in a completely decentralized manner. This implies that when people initiate transactions such as sending value, there is no involvement of a centralized entity such as a bank or credit card company.

The InPay operates as a network of nodes spread in its system. When a user initiates a transaction, it is picked by miners in the Waves or Ethereum networks. The miners follow back the public address to check whether you have ample funds to spend and prevent double spending.

Total decentralization means that InPay is able to complete transactions faster than traditional financial systems. Besides, the users can invest and run financial transactions without worrying that the details will get revealed to third parties.

What makes InPay better than it’s competitors?

When InPay entered the market in 2017, it was apparent that the competition would be very stiff. But the development team was prepared to provide the crypto community with reliable solutions for the problems that had refused to go for away since the discovery of cryptocurrencies. Here are some of the things that make InPay better than competitors.

  • The InPay platform was designed as a complete package for all crypto needs
  • InPay provides users with an easy to use crypto trading platform
  • Sending value on the InPay system is cheaper and faster
  • It is linked with Ethereum and Waves platforms that are considered some of the top networks
  • The InPay platform is led by an aggressive development team that is always looking for innovative features to improve the user experience
  • As a decentralized platform, the InPay native coin allows users to send value and own the system. You simply need to join the system as a node to become part of its network

How can InPay be categorized?

InPay is an innovative crypto project that targets to address the problems that have hindered the niche from faster adoption into the society. By operating on a dual-blockchain, the InPay system has demonstrated that different platforms can be interlinked to make payment easy and more reliable.

However, the exit of lnPay coin from the market in September 2018 has caused panic in its community. As schemes such a pump and dump become common in crypto trading, the community is waiting to see whether the InPay coins will rejoin the market. This notion has made new investors follow the coin with caution until its stability is ascertained.

What is InPay’s vision on security?

The InPay’s vision on security is to become the most secure crypto network in the industry. This target is aimed at helping users to identify with the project without worrying that their coins or info would get lost or stolen by third parties. Here are some of the methods used to keep the network secure:

  • The network is based on the top two crypto networks; Waves and Ethereum.
  • The network is led by an aggressive team that is always looking for innovative ways to keep the network secure.
  • The InPay system is run as a completely decentralized network. This implies that it does not have a single point of failure like the traditional financial systems.

Examples of InPay’s use cases/ applications

To help take the cryptocurrencies to the community, the InPay development team wanted to ensure that the network and its native coin are adopted on a wide range of applications. Here are some of these use cases that you need to know:

  • The InPay’s wallets can be used for storing Bitcoins and the native InPay coin. This implies that you can opt to use it as the primary store for the native coins.
  • You can use InPay’s platform for trading Bitcoins for other coins. You can either sell or buy Bitcoins on the platform. You can also trade InPay’s native coins
  • The InPay’s native coins can be used for sending value across the globe. Like other coins such as Bitcoin and Ethereum, the native InPay’s coin can be used to send funds on a peer2peer basis
  • InPay native coins can be traded in other markets that list it. Remember that to trade the coins, you will need to start by joining the selected market, creating a trading account, and verifying using government-issued documents.
  • If you live in a jurisdiction that supports cryptocurrencies, it might be possible to pay taxes with InPay coins. Some of these jurisdictions include Switzerland, Singapore, and Arizona.
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