Hush – Private Zcash Forked Zerocash Protocol Cryptocurrency ICO?
Hush, found online at MyHush.org, is a private implementation of the Zerocash protocol forked from Zcash. Find out how it works today in our review.
What Is Hush?
Hush is a private blockchain that aims to offer a higher standard of privacy than traditional setups. It’s a private implementation of the Zerocash protocol forked from Zcash, which was originally based on bitcoin’s code. Zcash was built to provide a higher standard of privacy through the use of zero knowledge proofs. Hush aims to expand on that idea to create a superior privacy platform. That platform is “developed by the people, for the people.”
What’s the point of Hush? Hush’s development team believes there aren’t enough currencies where the development team listens to the community, and are open to discussions and suggestions. Hush aims to create a coin built on better communication between the community and developers.
The Hush project was first announced in November 2016.
How Does Hush Work?
Hush has a trusted setup that follows the same setup provided by the Zcash team. The team does not have any keys to create coins arbitrarily. Zcash held a ceremony where individuals holding shards of the private key destroyed it. Hush chose to fork Zcash because of Zcash’s privacy commitments. It was also chosen for its well-vetted, ASIC-resistant mining algorithm.
Overall, Hush describes its project as a cryptocurrency and blockchain downstream from Zcash, although there are much larger goals in mind. The team wants to provide an easy-to-use operating system, for example, as well as a private messaging platform.
Hush’s development team sees itself as building on the shoulders of those who built the TOR browser, Signal, and other private communication systems:
“By combining their techniques with newly-emerging technologies such as blockchain, zerocash, and IPFS, we are able to provide a much deeper guarantee of privacy and decentralization within an all-in-one communications stack that comes with a robust profile management system,” explained members of the development team in an interview with InvestInBlockchain.com.
The development team also plans to port the Ethereum Virtual Machine to Hush, with developers and users able to write and execute smart contracts to act as the decentralized business logic in the stack. Any Ethereum smart contracts written in Solidity will port directly over to the Hush virtual machine. The end result is a private and decentralized full web stack available to the community.
Hush Tech Specs
Here are some of the key specifications behind the Hush blockchain:
- Algorithm: Equihash
- Block Time: 2.5 minutes
- Block Reward: 12.5 Hush (12.5 Miner)
- Difficulty Adjustment: Every block, Digishield V3
- Reward Halving: Every 4 years (same as bitcoin)
- Total Coin Supply: 21 million (same as bitcoin)
- Founders Reward: Removed
- Premine: 0.578%
- P2P Port: 8888
- RPC Port: 8822
Benefits Of Hush
Hush’s main benefits come in the way in which the community interacts with developers. Here are the key benefits as advertised on the official website:
- You may contribute and be a part of the decisions
- There will be a slow and steady progress when it comes to the building of value and stability
- Because of a small premine and a dedicated development team, finances will not be a problem
Hush emphasizes all of the following features:
- Open Source: The community can review, comment, and propose updates to the Hush project.
- Anonymous: All payments and transactions on the Hush network are private and anonymous.
- Decentralized: Uses a peer-to-peer network.
- Safety: Complete security and advanced encryption.
- Worldwide: Send money to anyone in the world.
- Fast: Payments and transactions are processed instantly.
Hush Products And Services
Hush aims to offer all of the following products and services:
- Desktop Wallets
- Windows Installer
- Standalone HUSH Messenger
- IPFS Integration for Large Messages and Sending Binary Files
- Lightweight Client
- HUSH-funding, assets, and smart contracts
- XCAT with Zcash
The products above are listed in descending order of release. So far, Hush has created desktop wallets for Mac OS and Windows. Wallets for Linux, Android, and iOS are scheduled for release.
Hush also has a block explorer that you can view here: explorer.myhush.org/
The HUSH Token
HUSH tokens are listed on Coinmarketcap and can be purchased from a number of different exchanges. The currency currently sits in the top 400 cryptocurrencies by market cap (it hovers around the #400 position).
As of December 2017, the HUSH token is priced at $1.76 USD, with a circulating supply of 2.2 million (out of a total max supply of 21 million). There’s a market cap of $4 million.
Who’s Behind Hush?
Hush is led by David Mercer (Lead Developer), Iolar Demartini Jr. (Founder and web Developer), Matthew Reichardt (Core Developer, Tooling and Forum), and Larry Ludlow (Core Developer & Infrastructure).
Hush is an ongoing blockchain project that aims to create a more anonymous, privacy-focused blockchain built on Zcash, which was already designed to be privacy-focused. Like Zcash, Hush uses zero knowledge proofs. The main benefit with Hush is the commitment to an open source community. Hush is open to suggestions from the community, and the project is being developed with a community focus – and maximum privacy – in mind.
To learn more about Hush and how it works, visit online today at MyHush.org.