Recently labeled the first mover in DeFi by cryptocurrency expert and influencer Ivan on Tech, the advancements in its first 8-months have HEX — The First High Interest Blockchain Certificate of Deposit — are outmatching and outperforming all other cryptocurrencies in the DeFi sector. While HEX is still in its Launch Phase until November 19th, such a rapid deployment of trustless, on chain solutions is drawing pronounced attention across the DeFi sector to this first-of-its-kind blockchain product.
Years in the Making: A Completed Product with Flawless Code and Good Design Really Pays Off
Blockchain’s First High Interest Staking Product. Built How Crypto is Supposed to be:
100% On Chain.
Now 2,000 Transactions Per Second at <$0.01/Tx
Utilizing zkSnarks Zero Knowlege proof technology, HEX is able to transact at 2,000 Transactions Per Second (TPS) on this robust L2 scaling solution. The fees, a mere fraction of a penny per transaction, are truly de minimis. Additionally, transaction fees are conveniently payable in the token being transferred; in this case, HEX.
Zero Knowledge proofs keep users’ funds as safe as though they never left the mainnet. With zkSyncs funds are always SAFU (a trendy cryptocurrency term meaning safe).
Privacy with Anonymous Transactions
HEX is already pseudoanonymous by design, but you can make your HEX extra anonymous if you want using HEXnado — a fully audited software folks familiar with Tornado.cash will immediately recognize.
All Ethereum transactions, by default, are public; including transaction history and wallet balances. But not everyone wants this or is okay with it.
So for those who desire a higher level of privacy and anonymity, HEXnado uses various cryptographic methods including implementations of Zero Knowledge proofs to achieve the privacy functionality. Visit HEXnado to learn more.
HEX Has 100% Uptime With No Off Switch
“If HEX.COM were to go offline, and Richard Heart were to die, HEX keeps working. Many projects claim to be decentralized, but actually rely on administrators to not change the code. The HEX code cannot be changed. This is why many developers are so comfortable building on top of HEX.” ~HEX.com
Multiple Independent Security & Economics Audits
“HEX might be the first coin to ever have two independent security audits. HEX even has a third audit by a mathematician on HEX’s economics. Chainsecurity.com and CoinFabrik.com are among the top contract auditors in the world.ChainSecurity’s will be released later as it’s more complex. Take a look: HEX security audit by CoinFabrik.com | HEX Economics Audit by CoinFabrik.com” ~HEX.com
Thriving in the new financial paradigm of DeFi, HEX is proving to be exceptionally good soil to seed into.
By Taylor Kennedy
Bay Area resident and journalist offering uncommon insight. Focus: Crypto; DeFi. Donations: 0x2694D3cb852C39d6868ecA71908414eC52BBAE79
Originally published on Medium.