Recently, Coinbase announced that ZCash (ZEC) was among the coins that they may be adding to their growing portfolio of cryptos. This announcement was a major win not just for ZCash (ZEC), but for the entire privacy coins market. It more or less gave privacy coins a lifeline, especially in a market as important as the U.S. With that said, there is one privacy coin that stands to gain the most as more people learn of the massive utility of privacy coins, and that’s Hexx coin (HXX). Several factors support Hexx coin (HXX) as an investment, in an increasingly crowded privacy coins market.
The first one is that is that Hexx coin makes use of the ZeroCash protocol, which makes transactions completely anonymous. It achieves this by anonymizing everything, from the source of the transaction, to the destination. It also anonymizes the amount that is being sent on the blockchain. This is a massive asset for Hexx coin given that people looking to use privacy coins do so expecting complete anonymity. There would be no point in using a privacy coin if there is a chance that the transaction can be revealed to a third party. ZeroCash protocol is the best when it comes to privacy. It is way better than the technology that coins like Monera (XMR) use in anonymizing transactions.
Another great aspect to Hexxcoin (HXX) is that it is truly decentralized. Unlike ASIC mining which tends to centralize power in the hands of a few big players. This can affect the integrity of the network especially for privacy coins. That’s why coins that that are mined with GPUs, and PCs are the most decentralized. Hexxcoin is one of the privacy coins that are resistant to ASIC miners. It can only be mined with a CPU, which means that the miners are distributed all across the world.
Hexxcoin (HXX) is also pretty fast. One of the key selling points to most projects looking to compete with bitcoin (BTC) is speed. On this front, Hexxcoin has a fast block time of just 2.5 minutes. This means that Hexxcoin transactions are almost instantaneous. This gives it an edge in the market, since transactions are not only anonymous, but also super-fast, which is the whole point of a privacy coin in the market.
It’s also interesting to note that Hexxcoin has a very limited supply, at just 9 million coins. Its low supply gives it a real chance to explode in value over time. Most investors tend to discount the power of coin supply, yet it is one of the key aspects that determines whether a crypto will grow in value or not. Actually, the reason why bitcoin is worth so much is due to its deflationary nature. The fact that there can only be 21 million bitcoins ever is a huge part of its value. Similarly, the capped supply of 9 million coins for Hexxcoin (HXX) could very easily see it rise to over $100 in a bull market. It has fundamentals that could take it to such heights.