What Is Provenance Blockchain (HASH)?
Provenance Blockchain is a public, open source, decentralized proof of stake blockchain. Figure launched Provenance Blockchain in 2018 and relaunched a completely rebuilt as a public chain in 2021.
Provenance Blockchain Coin is built using the Cosmos SDK and Tendermint consensus module and is a sovereign level one chain with a native utility token, HASH. It has over 70 validators today, with a mix of traditional financial services firms and crypto firms.
Billions of dollars of financial transactions have been executed on Provenance Blockchain, with significant growth through 2021 across lending, payments and marketplaces. They was built specifically for financial services with data control, near instant settlement finality and high throughput given proof of stake consensus.
Important Points Table Of Scorefam Coin
| Basic | Points |
|---|---|
| Coin Name | Provenance Blockchain |
| Short Name | HASH |
| Circulating Supply | 100.00B HASH |
| Explorer | Click Here To View |
| Documentation | View Document |
| Website | Click Here To Visit |
How to Buy the Continental & Trade On Exchange?
HASH Price Live Data
The live Provenance Blockchain price today is $0.068600 USD with a 24-hour trading volume of $31,780.33 USD. They update HASH to USD price in real-time. Provenance Blockchain has no change in the last 24 hours. The current CoinMarketCap ranking is #5052, with a live market cap of not available. The circulating supply is not available and a max. supply of 100,000,000,000 HASH coins.
If you would like to know where to buy Provenance Blockchain at the current rate, the top cryptocurrency exchange for trading in Provenance Blockchain stock is currently Okcoin. You can find others listed on crypto exchanges page.
Open Source
The leading public open-source blockchain for financial services, leveraged by over 50 financial institutions and operating at scale today with billions of dollars of digital financial assets transacted across lending, payments and marketplaces.
The USDF Consortium
The USDF Consortium is a membership-based association of FDIC-insured banks. The mission to build a network of banks to further the adoption and interoperability of a bank-minted tokenized deposit (USDF™), which will facilitate the compliant transfer of value on the removing friction in the financial system and unlocking the financial opportunities that blockchain and digital transactions can provide to a greater network of users.
USDF Consortium is making the market safer, cheaper and more reliable for consumers who want to transact on blockchain by ensuring banks continue to play an important role in the financial ecosystem as blockchain adoption accelerates. They are committed to building the foundation and advancing responsible innovation that will allow banks to harness the benefits of this transformative technology.
Mission
Provenance Blockchain is a public open source blockchain designed and developed to deliver material business benefits to financial services participants and developers through its ledger, registry and exchange capabilities across multiple financial assets and markets.
Distributed Trust
Provenance Blockchain has three key attributes: Distributed Information, Immutable History, and Trustless Data. Distributed content provides defense against hacking, eliminates agency problems that can lead to malfeasance, and helps support enforceable digital contracts. Data written on the ledger cannot be changed. Immutable information is critical in establishing asset Provenance Blockchain and the truth of the data. Having to rep and warranty data—analogous to “trust me”—undermines the system and introduces risk to those who provide these attestations.
Ledger – Movements of value are done on blockchain, delivering true economies of scale. Immutable records reduce or eliminate the need for trustees and reconciliation and provide real time visibility to information.
Registry – Ownership is determined solely on blockchain, allowing T+0 pledging and sales of assets. Chain of custody is immutable, and recording and conveyance are the same thing, eliminating latency/discrepancies.
Exchange – Price discovery becomes transparent, eliminating the need for market making intermediaries. Assets can be tokenized, allowing fractionalized sales and creating liquidity in illiquid asset classes.
Governance
Provenance Blockchain includes an on-chain governance mechanism for managing software updates and improvements as well as for governing the use of the Provenance Blockchain community funds. Users holding staked Hash tokens can participate in voting on governance proposals which drive the evolving configuration of the blockchain.
Foundation
A non-profit org that manages, supports, and funds an ecosystem for its community that enables the creation and operation of sophisticated, blockchain-based DeFi apps.
Community
Provenance Blockchain community is defined as the collective of users, developers, researchers, maintainers, clients, companies, organizations, investors, staked token holders, and delegators. Companies and organizations can create and operate private client apps that leverage the Provenance Blockchain ecosystem services. The integrity of the blockchain network relies on incentivized Validators and Delegators through Hash-utility-token gas fees, and a healthy Hash Investor community.