Hello and welcome to this blog post about HEX White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.
There is a lot to learn about this futuristic tech, lets get started to dive into the HEX white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.
The aim of this blog post is to help you quickly understand about the philosophy behind the HEX (HEX).
I can ensue you that, you will be able to understand every bits and pieces related to HEX (HEX) after going through the HEX white paper.
Without wasting any further time lets get started to dive right in and lets understand white paper first.
What is white paper?
A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.
A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.
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HEX White Paper
HEX white paper will be going to provide you, all the information that is needed to get started with HEX (HEX), including the inspiration for creating, the problem it is trying to solve and the solution proposed by HEX (HEX).
HEX is a project to recreate a common banking product called a Time Deposit. It is an ERC-20 token and fully automated in the form of a smart contract on the Ethereum blockchain.
HEX is like Bitcoin with a proof of work change. BTC and HEX are analogous. Bitcoin and HEX are peer to peer networks that store and transmit value. In Bitcoin, miners buy mining hardware and electricity from companies. In HEX miners buy HEX from other HEX holders then use time to mine. HEX is Proof of Wait instead of Proof of Work.HEX-Contract-in-Laymans-Terms
To get more details about HEX: HEX (HEX)
That’s all for this blog post.
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