Kcash is creating an infrastructure for the storage and exchange of digital assets in a fully functioning multi-chain wallet that allows for atomic swaps. Kcash has all the features to function as an online bank that bridges the digital world with the real world.
The Kcash digital wallet already has over 1 million registered users and holds a total value in digital assets of around 6,000,000,000 RMB, which is the equivalent to roughly 897,000,000 USD. The Kcash digital wallet is currently the second largest wallet in the world and supports 8 major public blockchain assets and over a thousand digital asset tokens.
Kcash was initially launched as an ATP, Achain Network, based token. To try to achieve a larger market for DApp development and deployment in the Kcash Ecosystem, the Kcash team decided to switch to the Ethereum network and launch the KCASH ERC-20 Ethereum-based token. The swapping process is currently in full effect.
✅ KCash (KCASH) will be listed on HADAX on the 16th of July. The KCASH/ HT trading pair will be opened, which will also make HT a new market on HADAX. Huobi Autonomous Digital Asset Exchange (HADAX) is a subsidiary of Huobi Pro. Having a trading account at Huobi Pro, automatically enables you to trade at HADAX. The KCASH token listed on HADAX is an ERC-20 token, as HADAX only list ERC-20 tokens on its exchange.
✅ Kcash has quite a unique multi-chain wallet, that is available for download in an Android or IOS version suitable for mobile devices. Kcash is China’s first multi-chain and cross-chain wallet application that supports cryptocurrency assets.
An added benefit of the Kcash digital asset wallet is the cross-border remittance. The transfer of funds through the Kcash wallet from one country to another becomes faster, easier (once the initial set-up is done) and less expensive. Because of the multiple token support and atomic swaps, transfers can be initiated instantly without users having to convert to BTC or ETH first.
Kcash uses different technical features and innovations like Zero-Knowledge Proof, SHA-512 Zero Algorithm Encryption Technique, Ring Topology Hub Technology, NOBLOCK technical engine, NO-LOCALCOIN Exchange Network and ZeroPay Network.
✅ Kcash uses Zero-Knowledge-Proof (ZKP) for their cross-chain and cross-contact technology. When using ZKP for the authentication of transactions, no actual passwords will be exchanged, making the network safer and less vulnerable to threats. A downside to the Zero-Knowledge-Proof Protocol is that its computationally expensive.
✅ Kcash will implement the ZeroPay Network. To accomplish the ZeroPay Network, Kcash will implement the Lightning Network on the blockchain, making the transactions extremely fast and at an almost zero-cost expense.
✅ Kcash announced on the 6th of July that it has received a non-disclosed funding amount from Huobi through their Global Ecosystem Fund.
The Huobi Global Ecosystem Fund was established in March 2018. The fund aims to collaborate with other blockchain industry professionals in building a healthier and stronger blockchain ecosystem. The ecosystem fund has already invested in more than 20 well-performing blockchain enterprises. Two of the projects in which the Huobi Global Ecosystem Fund invested in are Kcash (KCASH) and MyToken (MT). Both projects will be listed on HADAX soon.
Tokens listed on HADAX and that are part of the Huobi Global Ecosystem Fund investments will be added to the exchange in the special Ecological Zone. Tokens in this Ecological Zone will be traded against the Huobi Token (HT) pair. By doing so HADAX supports the projects they have invested in.
If you would like to know more about the Huobi Global Ecosystem Fund you can visit their website.
✅ Official Kcash channels and wallet download instructions:
Official website: https://www.kcash.com
Facebook: https://www.facebook.com/KcashOfficial
Twitter: https://twitter.com/Kcashofficial
Slack：https://kcashofficial.slack.com
Telegram: https://t.me/KcashOfficial_EN
Download Website of Kcash wallet: https://www.kcash.com/download-en.html
Website of Kcash wallet manual:https://medium.com/@Kcashofficial/kcash-blockchain-wallet-for-ios-manual-883e046605b8
✅ My personal opinion on Kcash is that downloading and installing the Kcash wallet on an Android smartphone was very easy and it took me only a minute to do so. When I clicked on a wallet link it sometimes only showed me the page in Chinese with no option to switch to the English language, which was a bit of a letdown. Also the whitepaper has some errors, incorrect sentences and didn’t read particularly well. The projects is probably focused on the Asian region and its investors. The project seems to be performing fairly well, though.
Full disclosure: I do not own any KCASH tokens. This article is not intended as investment advice. It is just my personal opinion about the Kcash project. You should always do your own research. Huobi Pro incentivizes me for writing this article and supports me for ventilating my own personal opinion.
If you do not have a Huobi trading account yet, you can use the link below to register:
https://www.huobi.br.com/en-us/topic/invited/?invite_code=da523
Subscribe to my channels Steemit, Medium and Twitter if you would like to be informed about Blockchain en cryptocurrency news.
My handle is @LindaCrypto for all channels.
If you like my article please give me an upvote. Thank you!
LindaCrypto