Hanacoin has been described as the Redbull of Cryptocurrency.
The coin has a heavy focus on targeting young adults and it does this by sponsoring young and cool athletes and E-sport stars. Traditional cryptocurrencies have targeted people in the IT sector but Hanacoin is targeting a much broader audience of everyday people.
Hanacoin is a digital cryptocurrency designed to be used for instant payments as well as storing wealth. The value of Hanacoins is slowly increasing due to the number of coins generated dropping over time. The Hanacoin marketing teams work on increasing awareness of the coin. The team is also focusing on updating the coin’s algorithm to achieve its goals. The algorithm will constantly be updated to keep the network secure, avoid ASIC mining, and deliver faster and cheaper transactions.
The main difference between Hanacoin and Bitcoin is its ability to resist centralized mining and its ability to quickly update Hanacoin to any new technology. Hanacoin has the flexibility to quickly adapt to the latest technology available without the need for consensus from competing groups with their own intentions. Many coins have fallen victim to centralized mining and have a number of parties trying to take the coin in different directions. This stifles innovation and the ability to quickly adapt to new technology. Hanacoin has already updated from Lyra2Rev2 to Lyra2Rev2 and it is currently being updated to a new technology to take it to keep it at the forefront of cryptocurrency technology advancements.
Once the technology is available, Hanacoin will integrate with tap and go payment systems so users can spend their Hanacoin on everyday products. Hanacoin will integrate with existing wallets for Android, Windows and IOS.
Hanacoin is actively seeking the establishment of a graduate program with local universities to seek out the brightest upcoming cryptocurrency developers. It will be tasked with the challenge to maintain the edge on ASIC mining, explore transaction speeds, lower costs and increase security whilst maintaining the ability to easily integrate with third party technologies such as payment gateways.
Hanacoin’s goal is to develop a coin that can:
· Be easily used for extremely fast transactions with minimal or nearly no transaction fees,
· Be adopted as the mainstream form of digital currency,
· Integrate with currently available tap and go payment systems,
· Comply with and co-operate with regulators,
· Use the best technology available.
Hanacoin is not a privacy coin and will comply with all Regulations and be a transparent coin with public ledgers. Privacy and anonymity-oriented coins are becoming a pervasive and often contentious topic. As a result, many figures in the media and government have cast a distrustful eye on such protocols fearing a new medium for illicit and illegal activity. It is our belief Privacy coins will come under increased government scrutiny in the coming years. Hanacoin is not affiliated with any financial organization.
Website – https://www.hanacoin.com/