HashChain

A blockchain is a decentralized digital ledger of encrypted transactions called “blocks” that are distributed over a peer-to-peer network of computers. The blockchain is not housed in a single location or owned by a single entity, ensuring transparency and security.

A block records some or all of the recent transactions, and once completed, is housed in the blockchain as a permanent database. Each time a block gets completed, a new one is generated. There are countless blocks in the blockchain, connected to each other in linear and chronological order. The blockchain has complete information about different user addresses and their balances from the very first block to the most recently completed one.

Public and enterprise blockchains are secure by design and are the continuously growing ledger on which all decentralized cryptocurrency and applications are built.

Miners use high end computers to solve mathematical equations to verify transactions on the blockchain.

Mining computers collect hundreds of pending transactions — also called a block — and turn them into a mathematical puzzle. The miner who finds the solution first gets rewarded.

HashChain purchased 1,000 DASH cryptocurrency in October 2017, the amount required to be maintained in a wallet in order to become a masternode. As a masternode, HashChain can vote on initiatives and important decision regarding the future of DASH, as well as facilitate anonymous (“PrivateSend”) and instant transactions (“InstantSend”) on the blockchain that prevents double-spending and eliminates bottleneck often displayed in “proof-of-work” blockchains. The DASH network currently rewards each masternode holder 6.67 DASH per month. As part of HashChain’s acquisition of the NODE40 business, NODE40 will pay to HashChain certain masternode rewards for a total duration of 36 months following the closing. In total, HashChain will receive approximately 880 coins per year for three years, equating to a total revenue of $693,590 CDN per year at the current DASH-to-CDN conversion rate of $788.17 CDN for February 23, 2018.