ZHC : Zero Hour Cash (ZHC)

ZHCash is an open blockchain platform with open source aimed for creating decentralized applications working on a smart contracts basis. ZHCash is a Bitcoin fork with the Ethereum Virtual Machine (EVM) running over it. The platform gets the best from both sides and even more. The platform uses the UTXO (Unspent Transaction) model known for its security and efficiency, and the EVM, renowned for its smart contracts. This means that ZHCash is not just an exchange e-currency traders can create invoices for products and services in. This is a great opportunity for manufacturers and businesses to use the public ledger. For an organization, this is an invaluable opportunity to sell a product or a service, as well as to get proof of customer’s purchase and support the customer later on (possibly even throughout his/her life). Blockchain technology is particularly significant for the finance industry. Banks are currently receiving many Blockchain patents. This may be due to the fact that they are planning to introduce blockchain technology into their products and services. One of the main goals of the ZHCash platform is to change the way application databases are stored. Instead of a centralized method of storing the database on a single server, applications running on the ZHCash platform will be stored in the database as transactions on the blockchain. This can be imagined as a small program configured to automatically execute predefined actions. For example, a car or a house are being sold automatically as soon as the other party of the contract receives a predetermined sum on his bank account. This can help go without the realtor or car broker services and perhaps even without a lawyer. The main achievement is that there is no need for a third party anymore. Here the technology ensures the fulfillment of the conditions under which the transaction takes place. The test network started in 2018.

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