Seoul, South Korea (PRWEB) September 25, 2017
The world of cryptocurrency has a dynamic new entrant from South Korea. South Korea, home to arguably the most tech savvy an innovative populace on the planet is about to be the epicentre of the wave of excitement surrounding the launch of Hanacoin; an Altcoin created by three PhD graduates of Korea Advanced Institute of Science and Technology.
Cryptocurrency is no longer the untested experiment of a few pioneers, but rather the established alternative to traditional forms of payments burdened by excessive costs and vagaries of Central Bankers and Governments.
The first wave of blockchain currencies whilst secure and innovative lacked fast transaction speeds that Hanacoin developers addressed and solved to produce a real sustainable alternative; a super-fast blockchain that can be used in payments, finance, games and communication. Further, Hanacoin is developing an initiative, with some business alliances, to allow the coin to be used in a similar way to traditional cash.
Hanacoin can be mined, utilising both central processing units and graphic cards methodologies and Point of Work and Proof of Stake mining actions are performed simultaneously, nevertheless, the processing times are different. This methodology allows for mined coins to be distributed more fairly than in a conventional PoS process that has often resulted in a small number of miners receiving most of the mined coins. (There are 700 million coins and an initial coin offering of 100 million).
The interest in Hanacoin in South Korea has exceeded all expectations, nevertheless, those with knowledge of markets are keen to point out that whilst speculation is unavoidable the earlier adopters who refrain from short termism are often well rewarded for their insight and patience.
Hanacoin is scheduled to be listed on the global exchanges starting with the first international exchange in Korea, 'Conefit' (http://www.conefit.com).
Hanacoin is to officially launch in South Korea in October 2017, and with the influence and reach of Korean culture and innovation throughout Asia Pacific and South-East Asia, the demand for Hanacoin is expected to build rapidly.
Enquires should be made to hana(at)hanacoin(dot)net, and the open source code for Hanacoin can be downloaded from http://www.conefit.com.