To revolutionize finance, every single function banks serve today have to be replaced with a peer to peer, open-source, trustless system. No middlemen. Banks do more than currency, so must we. Bitcoin started the revolution in trustless, immutable, distributed peer-to-peer digital currency. It started worthlessly and over ten years reached a value of 300 Billion US Dollars.
Bitcoin has three main functions: send, receive, or mine. The most common way users earn interest in the Bitcoin they hold is to send them to a centralized third party, like exchanges. These are security holes that are often be hacked, destroy the privacy, or introduce fees if you need to get your funds out. The parties are so important to users that the companies themselves have made more profit on Bitcoin than its founders.
HEX, The First High-interest Blockchain Certificate of Deposit
HEX adds the 4th function: staking. Staker pays stakers instead of miners. This replaces these third parties with a trustless Peer-to-Peer to the system. Instead of sending your HEX to exchange so they could lend it out on your behalf to earn interest for you, you just send it to the same smart-contract that minted all the HEX in the first place, and it credits your interest. If you are given programmable money, the first thing you should program is interest.
The Certificate of Deposit or simply called CD is one of the most popular banking products in existence. HEX is the first CD on the blockchain. It’s much better than a CD though because a CD will not pay you more if others decide to close their CD. HEX does. If only a single percent of coin holders stake, your ROI per year as a staker exceeds 369%. If ten percent Stake average ROI for stakers is 36.9%. If a 20% stake average ROI for stakers is 18.45%.
Instead of sending you money to foreign mega-corp to buy mining equipment which shows up late, used, or never at all, you can skip the depreciating asset and electricity bills and just stake your coins. The longer you stake, the more bonus shares you get. Around twenty percent bonus shares per extra year of stake commitment, payable on all stake lengths over one period.
HEX Includes all of the Features of Bitcoin
HEX includes all of the features of Bitcoin to send, to receive, to earn and adds Trustless Interest through staking, where longer stakes pay better than shorter. Finance is stuck with decades-old technologies. It’s hard to get buyers to adopt new technology that sellers don’t support yet and vice versa. HEX solves this problem by compensating early adopters and stakers with more currency. This allows the construction of a financial network that is far superior to today.
A finance system that is both superior technologically, and widely adopted, would be preferred by both buyers and sellers and savers. It is could be expected that such a network would eventually overtake. Currency, Payment cards, which account for 20 trillion US Dollars in annual transactions. Interest-bearing savings accounts, Gold as a store of value, Offshore finance.
BitcoinHEX’s long term goal is to replace gold as a store of value of 7.7 Trillion US Dollars. Replace credit card companies and payment companies like PayPal around 770 billion US Dollars in Visa, MasterCard, and PayPal alone) Replace legacy certificates for the deposit 571 Billion US Dollars in the USA alone on just those under 100,000 US Dollars Replace middlemen with trustless interest.
HEX is Using Ethereum Network
The HEX in BitcoinHEX is standing for Open-source, Trustless, Store of Value, Censorship Resistant, Permissionless, and also Immutable. BitcoinHEX addresses are also hexadecimal. Some wallets are supported BitcoinHEX. BitcoinHEX claiming that it has been tested on Electrum, Coinomi Wallet, Bitcoin Core, Mycelium, Bither, Bitcoin Knots, Armory, Trezor Wallet, Ledger Nano S Hard Wallet, KeepKey, Trezor through Electrum for bc1.
Any wallet that can store ERC-20 tokens works. If you want to use custom functions like staking, claiming, good accounting you need to use metamask or other custom solutions which are harder. Ethereum has never had any inflation bugs, ever. It has A More diverse mining ecosystem GPU instead of ASIC, Ethereum has a Bug bounty program on the other side, Bitcoin’s last inflation bug was caught by a BitcoinCash developer. The game theory in BitcoinHEX is immutable in the blockchain and not subject to nodes voting on it. Even the HEX team stated.
The 21 million coin limit in Bitcoin is a theory. The game theory and parameters in BitcoinHEX is immutably stored in the blockchain itself, immutably.