HDAC (Hyundai Digital Asset Currency) is a blockchain-based cryptocurrency developed by Hyundai BS&C, a subsidiary of Hyundai Motor Group. HDAC aims to provide a secure and efficient platform for various Internet of Things (IoT) applications and services.
HDAC primarily focuses on facilitating machine-to-machine (M2M) transactions by allowing IoT devices to autonomously transact and interact with each other using blockchain technology. This enables secure data communication, smart contracts, and payments without the need for intermediaries.
The HDAC blockchain is built using a hybrid architecture, combining both private and public blockchains. The private blockchain ensures higher transaction speeds and privacy for sensitive data, while the public blockchain guarantees transparency and decentralization. HDAC also utilizes a consensus algorithm called Proof-of-Capacity (PoC) for mining, which aims to reduce energy consumption compared to traditional Proof-of-Work (PoW) algorithms.
Additionally, HDAC has its native token, also called HDAC, which is used as a means of exchange on the platform. These tokens can be used for various IoT-related services, such as smart home automation, supply chain management, and digital identity management.
For those who want to download the Hdac logo, we have
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the Hdac logo.