Haven Protocol

Haven Protocol XHV

$2.26
Market Cap $ 30.554 MM (#250)
24h Volume $ 2.122 MM
Chg. 24h: 2.87%
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Haven Protocol project purpose and description

Haven Protocol clarity of purpose

Haven Protocol purpose and aspects

haven is an untraceable cryptocurrency with a mix of standard market pricing and stable fiat value storage without an unsustainable peg or asset backing. It achieves this with a built in on-chain smart contract that controls the minting and burning of coins in a network of cryptographically unknown supply to facilitate value for users that choose to send their coins to offshore storage contracts while allowing everyone else to be exposed to the natural price movements of the currency. Offshore Storage is Haven's built in smart contract/protocol that powers the stable value storage. In short, sending Haven to offshore storage (burning) records a reference on the blockchain to the current fiat value which can be restored later back into Haven by minting new coins to the tune of the current fiat value. Untraceable | Hidden | Decentralized Haven uses ring signatures, ring confidential transactions and stealth addresses meaning payments cannot be tracked or linked back to any user.

Haven Protocol categories

Build dappsPaymentsAnonymitySmart contracts

Short description

Haven is an untraceable cryptocurrency with a mix of standard market pricing and stable fiat value storage without an unsustainable peg or asset backing. It achieves this with a built in on-chain smart contract that controls the minting and burning of coins in a network of cryptographically unknown supply to facilitate value for users that choose to send their coins to offshore storage contracts while allowing everyone else to be exposed to the natural price movements of the currency.

Abstract

Haven is an untraceable cryptocurrency with a mix of standard market pricing and stable fiat value storage. This is without an unsustainable peg or asset backing. It achieves this with a dual coin blockchain. Users can mint and burn Haven [XHV] for the equivalent USD value worth of Haven Dollars [XHVD]. Haven Protocol’s cryptographically unknown supply is used to facilitate the fluctuations in the total supply when users burn Haven [XHV] to create the stable value Haven Dollars [XHVD], while allowing Haven [XHV] to be exposed to the natural price movements of the market. Haven is a fork of Monero, therefore inheriting the stealth and anonymity that it’s famous for. Haven also has the benefit of starting the blockchain from scratch with RingCT for extra privacy. Further, Haven’s Offshore Storage means privacy conscious individuals can keep their money in an untraceable currency without being subject to market fluctuations.

Link to Roadmap: https://havenprotocol.com/#roadmap
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