DeFi’s Cream of the Crop Blazes Ahead with 2,000 TPS at <$0.01/Tx, Privacy, 100% Uptime, and Audits

The Difference Between Being Labeled “DeFi” and True DeFi — The Difference Between Good and Great.

Taylor Kennedy
Aug 19, 2020 · 3 min read
DeFi
DeFi

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 — 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

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Blockchain’s First High Interest Staking Product. Built How Crypto is Supposed to be:

100% On Chain.

ZERO Middlemen.

ZERO Counterparties.

.

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).

How To: zkSync HEX Wallet Tutorial

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.

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All Ethereum transactions, by default, are public; including transaction history and wallet balances. But not everyone wants this or is okay with it.

How to use HEXnado.

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.

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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 Audit
HEX Audit
HEX Economics Audit by CoinFabrik.com

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.

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Taylor Kennedy

Written by

🧔🏻 Follow on Twitter @250smurf || Freelance Investigative Journalist. Bay Area, CA

Data Driven Investor

empower you with data, knowledge, and expertise

Taylor Kennedy

Written by

🧔🏻 Follow on Twitter @250smurf || Freelance Investigative Journalist. Bay Area, CA

Data Driven Investor

empower you with data, knowledge, and expertise

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