HEX Crypto is the very first blockchain certificate of deposit created by Richard Heart.
What is HEX all about? Is it too Late?
HEX Crypto is a system designed to allow users with any amount of HEX value the ability to store it in a self-managed, non-custodial wallet. This system is equipped for both investors who are looking to safely store their HEX balance and traders who are continuously moving their assets between exchanges.
HEX is a digital currency that acts as the key into HEX Crypto. It is a standard Ethereum token with a fixed supply of 200 million units, divisible down to 0.00000001.
HEX can be used as a store of value or transferred peer to peer across exchanges and other wallets without going through an intermediary.
To participate in the ICO, you will need to participate via Bitcoin Suisse AG. For more information on how to acquire HEX please visit Bitcoin Suisse’s calculator.
Hex Tokens can be claimed by sending any amount from 1 HEX upwards from any wallet that supports ERC20 tokens such as MEW ,MyCrypto or Parity . The number of tokens sent depends on the current price per token at the time of claiming. Please refer to the token contract for updated rates and instructions for claiming Hex Tokens.
HEX is currently in ICO phase, but if you are an accredited investor or company there will be a private sale coming soon that you are welcome to apply for on their website.
Why is HEX Crypto better than any other token or coin?
HEX is backed by a strong community that understands and lives the delayed gratification model – meaning staking your cryptocurrency for 5555 days. This also means that there is no rush to compound returns and this model allows HEX Crypto the time necessary to solidify the infrastructure around it.
Who is Richard Heart the Founder of HEX?
Richard Heart is a cryptocurrency genius and blockchain proponent. He has been involved in the Bitcoin space since 2011 and more recently Ethereum with his latest project HEX Crypto.
According to Richard, the main objective behind HEX is to give power back to investors who often feel helpless when they lose their entire investment because of poor management from centralized exchanges.
The ICO for HEX already went public on Oct 25th where users bought HEX Tokens for 1 ETH = 1818 HEX or 1 BTC = 47738.40491473 HEX .
If you want to participate in this ICO or just keep up with Richard Heart’s journey into crypto be sure to follow him on Twitter , Medium , Reddit & Steemit .
Hex Tokens can be claimed by sending any amount from 1 HEX upwards from any wallet that supports ERC20 tokens such as MEW ,MyCrypto or Parity .
The number of tokens sent depends on the current price per token at the time of claiming. Please refer to the token contract for updated rates and instructions for claiming Hex Tokens.
How does cryptocurrency work?
It is a form of digital money that is designed to be secure and, in many cases, anonymous. It uses a technology called blockchain which was first pioneered by Bitcoin. The key benefit of cryptocurrency is that it does not rely on a centralized institution such as a bank to mediate and verify online transactions.
What is the blockchain?
The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.
Essentially, think of it as a giant account book that no one person or computer system controls; instead it’s spread across thousands and thousands computers around the world — what you might “decentralized” technology.
What makes cryptocurrency different than traditional currency?
While the mechanics of cryptocurrency is complicated, the main thing that separates it from traditional currency is due to its digital nature. Because cryptocurrencies are purely digital currencies, they cannot be printed or minted to produce more money. Instead, cryptocurrency relies on a technology called cryptography to control and verify transactions that happen within a community of users.
Cryptography controls the creation of new coins by allowing individuals to mine for them. Individual “miners” use computer power to solve very complex math puzzles in an effort to add blocks onto the blockchain network. These miners are rewarded with brand new bitcoins for their efforts — at which point they can sell them on an exchange like.com or keep them invested in the hopes that they will be worth more in the future.
What is the difference between HEX, Bitcoin, Litecoin, Zcash and Ethereum?
HEX:
HEX is the best and only solidly completed cryptocurrency. It is not a project. HEX Crypto is actually the very first CD (certificate of deposit) on the blockchain. Where Bitcoin is overpriced and only has two functions – buy/sell – HEX has the ability to buy/sell/stake. Staking over longer periods of time with compounding returns anywhere from 12-40% APY. Check out the platform at go.hex.com!
Bitcoin:
The first cryptocurrency to launch was bitcoin. Created by Satoshi Nakamoto (a pseudonym) it is the largest platform compliant with a specific protocol called Proof of Work (PoW). This algorithm makes sure new transactions get added to the blockchain ledger in an orderly fashion.
Litecoin:
A fork of bitcoin that uses different cryptographic algorithms than bitcoin which allows individuals to mine for litecoins using consumer-grade hardware.
Zcash:
Is another form of cryptocurrency like Bitcoin, but offers users an enhanced level of privacy through its encryption features. While bitcoins are not exactly anonymous but rather pseudonymous, Zcash claims that users can protect their identities by using shielded transactions.
Ethereum:
Founded in 2014 by a man named Vitalik Buterin who was only 19 years old at the time. Ethereum is not just a cryptocurrency like Bitcoin — it’s actually a platform for building and running decentralized applications and smart contracts.
What is mining?
Mining involves finding solutions to both complex math puzzles and verifying transactions on the blockchain network so they get added to the public ledger (called the block chain).
In exchange for this effort, miners are rewarded with brand new coins which gives them an incentive to add more computers to mine these coins faster than others. The amount of new coins increases by ten percent per year until the final number of Bitcoins will be found in 2140, after that there are no new coins to find.
What is the difference between proof of work and proof of stake?
Proof-of-work (or PoW): means you’re spending time and computer power to solve math problems. The more time and energy you spend solving these puzzles, the more coins you get in return.
With bitcoin, miners with powerful computers receive more rewards than their peers who own less powerful hardware; this mechanism keeps the blockchain secure by making sure nodes on it reach a consensus about which transactions happened when.
Proof-of-stake (PoS) works differently: people who own high volumes of cryptocurrency will receive more coins in exchange for their investment. Coins held by users act as stakes in the system, and only an amount equal to or exceeding a user’s stake will be able to validate transactions. As fewer coins are given out for mining, it becomes harder and harder to mine new coins; this mechanism keeps inflation under control.
What is transaction malleability?
In 2015, hackers exploited a bug found within the bitcoin code which affected all transactions sent from bitcoin wallets. The exploit allowed them to change the unique ID of a transaction before it was confirmed on the blockchain ledger, thereby allowing them to trick exchanges into thinking that a transaction did not go through when it did so they could re-send another one that did go through for a double spend. Both transactions would then be valid on the blockchain so it was impossible for exchanges to tell which one of the two they should accept.
What are sidechains?
Sidechains are additional blockchains which are linked to bitcoins, these can have different protocols and features than the original blockchain. The idea behind them is that they’ll allow for more efficiency and easier transfer of digital assets like coins or tokens between multiple users.
Also, unlike atomic swaps (a proposed feature in bitcoin) sidechains don’t require a completely new protocol; instead, some kind of “handshake” agreement determines how the separate ledgers interact with each other.
How does Ethereum work?
Ethereum is far more than just a cryptocurrency like Bitcoin: it’s a platform for running applications on a blockchain network, making it more like a very advanced form of internet. While you can use the digital currency Ether to transfer between accounts or make smart contracts, the real innovation here is that these transfers and actions are connected to actual code being run by computers all over the world.
What are smart contracts?
Smart contracts are pieces of computer code which are stored in Ethereum’s blockchain network; they’re essentially small programs that execute tasks based on variables inputted into them by users.
For instance, say two people want to bet on who will win an election; one person would place some money into escrow with the smart contract while another person would be assigned to drop it if candidate did not win. If their candidate does win, the smart contract would automatically release the money to the winner – no outside party needed.
What is a DAO?
A decentralized autonomous organization or “DAO” can be defined as an organization that’s run by rules encoded as computer programs called smart contracts which are hosted on Ethereum’s blockchain and cannot be changed.
That means people who buy tokens in a DAO can vote on how it should spend its funds based on their stake; they’re also refunded any Ether sent to the organization after a period of time has passed. The DAO raised over $100 million USD in 2016 but lost all of it due to a hacker exploiting vulnerabilities in the code to steal Ether from it.
What are distributed applications?
Distributed applications are programs built on top of blockchain networks like Ethereum; they have all the capabilities inherent within blockchains plus specific functions that can interact with smart contracts and other pieces of code running on the network.
The idea behind dapps is that users should be able to use them for whatever purpose best suits their needs instead of being confined
