Overview
HyperCash (HC) launched as Hshare (HSR) in 2017 via an ICO that raised approximately $51 million. The project promised a groundbreaking blockchain that would bridge Bitcoin, Ethereum, and other chains while implementing quantum-resistant cryptography and a hybrid PoW/PoS consensus mechanism. It rebranded from Hshare to HyperCash in 2018 and swapped tokens 1:1. Despite the ambitious vision, development stalled and the project never achieved meaningful adoption. By 2023, HyperCash was effectively abandoned with near-zero trading volume and no active development.
Technology
HyperCash proposed a post-quantum signature scheme (BLISS) and a DAG-based block structure to enable cross-chain interoperability. The hybrid PoW/PoS consensus used Blake256 for mining and a ticket-based staking system inspired by Decred. While the quantum-resistance concept was forward-thinking, the implementation was incomplete and poorly documented. The cross-chain bridge — the project's core selling point — was never meaningfully delivered.
Security
The hybrid PoW/PoS model theoretically provides stronger security than pure PoW alone, as attackers would need to compromise both mining and staking. However, with the network's hashrate and staking participation both at negligible levels, the chain is trivially attackable today. No major exploit was reported during its active period, but this owes more to the lack of value on-chain than to robust security architecture.
Decentralization
HyperCash's ICO raised funds primarily from Chinese investors with heavy concentration among a few large holders. The PoW mining was dominated by a small number of pools, and the PoS staking was similarly concentrated. The development team was opaque, with limited public accountability. The project exhibited classic 2017-era ICO centralization patterns — large insider allocations with insufficient community distribution.
Ecosystem
The ecosystem is nonexistent. No dApps, no DeFi protocols, no NFTs, and no active developer community. The chain's block explorer shows minimal transaction activity. HyperCash never attracted third-party builders, and the promised cross-chain ecosystem failed to materialize. The project's GitHub has been dormant for years.
Tokenomics
HC has a max supply of 84 million tokens. The ICO distributed tokens at heavily discounted rates to early investors, creating persistent sell pressure. The token lost over 99% of its value from its all-time high. With no demand drivers, no utility, and no ecosystem, the tokenomics are irrelevant — HC trades at fractions of a cent with negligible liquidity on a handful of minor exchanges.
Risk Factors
- Dead project: No active development, no team communication, no roadmap
- 99%+ value loss: Token has lost virtually all value since ICO
- Failed delivery: Cross-chain bridges and quantum features never completed
- ICO-era red flags: Opaque team, concentrated holdings, overpromising
- Negligible liquidity: Extremely thin orderbooks make any position illiquid
- Delisting risk: Remaining exchange listings could be removed at any time
Conclusion
HyperCash is a relic of the 2017 ICO era — big promises, big fundraise, minimal delivery. The quantum-resistant and cross-chain ambitions were technologically interesting on paper but never translated into working products. The $51M raised produced little of lasting value. HyperCash should be considered a dead project. Do not invest.