What Is Hana coin (HANA)?

What Is Hana coin (HANA)? Complete Guide Review About Hana coin.

What Is Hana coin (HANA)?

Hana coin is a digital currency that enables instant payments to anyone, anywhere in the world. This uses peer-to-peer technology to operate with no central authority managing transactions and issuing money are carried out collectively by the network. This is designed to be simple to use for mainstream adoption. The goal is to allow people full control of their finances.

At the founders believe in supporting the community. That belief extends beyond the crypto-currency community. They recognise your responsibility and ability to give back to the community. Donating to charity reinforces your commitment that will have a positive social impact. Hanacoin founders will donate to charity each year.

Hana coin Storage Key Points

Coin BasicInformation
Coin NameHana coin
Short NameHANA
Circulating SupplyN/A
Total Supply49,165,832
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Official Project WebsiteClick Here To Visit Project Website

What exactly is cryptocurrency?

Cryptocurrencies are digital tokens that have a value. The problem with digital currencies is that they are purely electronic. Just like online movies can be copied and replicated over and over again until the original is worthless, the same thing could happen to a coin. In order for a cryptocurrency to have value, a coin needs to be unique and unreplicable. This was made possible by the invention of blockchain technology.

What is the blockchain?

To prevent tampering, most blockchains are open source and decentralised. A blockchain is simply a ledger that contains the entire history of a certain
crypto-currency. By tracking all the movements and the entire history of a currency, it is impossible to make any counterfeits. The programming is made publicly available so anyone can see exactly. This prevents tampering from inside.

Hana coin The blockchains are operated by different people all around the world. With public blockchains such as Bitcoin, anyone can start operating a “node” on the blockchain whenever they want. This prevents anyone from taking over the network and prevents tampering from outside. The name blockchain refers to the particular way it assembles data in the ledger.

Technology to achieve these goals

Hana coin believe that the best technology to achieve these goals has yet to be developed and intend to contribute towards finding this technology. This was launched using the Lyra2REv2 algorithm which they have assessed to be the most suitable algorithm currently available that aligns with your goals. Lyra2REv2 allows almost anyone with a GPU the ability to mine and the algorithm is ASIC resistant. This discourages the development of dedicated mining hardware and encourages the distribution of the verification task.

At block 770,000 Hana coin forked to Lyra2REv3. This was launched on June 12, 2018 and they are currently in the distribution phase. In this phase, the coin is easy to mine by anyone with a reasonably powered graphics card. They are actively establishing a graduate program with local universities to seek out the brightest upcoming cryptocurrency developers. The main difference between Hanacoin and Bitcoin is your ability to resist centralized mining.

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. Hana coin has the flexibility to quickly adapt to the best technology available without the need for consensus from competing groups with their own motives.

This 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. This is not affiliated with any financial organisation.