Hush

HUSH Price

About Hush (HUSH)

Hush is a privacy-focused cryptocurrency and secure messaging platform that utilizes zero-knowledge mathematics to enable anonymous transactions and communications.

• It functions as a fork of the Zcash codebase, incorporating mandatory shielded transactions to ensure privacy by default.
• The platform features HushList and HushChat, protocols designed for encrypted instant messaging and mailing list style communications without centralized servers.
• It utilizes the Equihash Proof of Work algorithm and maintains a fixed supply model similar to Bitcoin.

What Is Hush

Hush is a decentralized blockchain network designed to provide a secure backbone for both financial transactions and private messaging. By anonymizing metadata at the protocol level, it aims to protect users from surveillance and linkability analysis, which is the process of connecting disparate pieces of data to identify a user. The token serves as a medium of exchange for the network's messaging services and as a store of value.

Value moves through the system as users pay protocol service fees for transactions and secure communications, with a portion of rewards supporting ecosystem development. This model is intended to scale as the messenger's adoption grows, potentially increasing the demand for the native asset within the ecosystem. The project emphasizes a built-in privacy backbone that protects even novice users by making anonymity a core protocol feature.

What Makes Hush Unique

• Privacy by Default: Unlike many privacy coins where anonymity is optional, Hush implements mandatory shielded transactions to ensure all users are protected.
• Pure Sapling Chain: The Hush V3 upgrade established it as a pure Sapling chain, which eliminates inflation risks associated with older protocols and significantly reduces blockchain download sizes.
• Arrakis Chains: This feature allows users to deploy their own privacy-centric blockchains with a single command, expanding the ecosystem's infrastructure capabilities.
• Sietch Technology: A custom-written functionality designed to protect metadata and prevent the linkability analysis of shielded transactions on the network.

What Can You Use Hush for?

• Anonymous Transactions: Send and receive funds using zero-knowledge proofs to hide the identity of the sender, the receiver, and the transaction amount.
• Encrypted Messaging: Use the HushChat and HushList protocols for private communication without requiring phone numbers or centralized server intermediaries.
• Decentralized Data Storage: Append text or binary documents to messages to create a censorship-resistant unit of information stored directly on the blockchain.
• Chain Deployment: Utilize the Arrakis framework to launch custom privacy-focused smart chains within the broader ecosystem.

How Does Hush Work?

Hush operates on a Layer 1 blockchain using the Proof of Work consensus mechanism, where miners secure the network by solving complex mathematical puzzles. It utilizes the Equihash algorithm and incorporates Digishield V3 for difficulty adjustment every block, ensuring the network remains stable as mining power fluctuates. New blocks are added to the chain approximately every 75 seconds.

The core privacy technology relies on zk-SNARKs, a form of zero-knowledge proof that allows the network to verify the validity of transactions without revealing sensitive data. This technology enables shielded addresses, where the details of the transaction are encrypted and only accessible to the participants. As a native Layer 1 asset, the token is used to pay gas fees for all on-chain activities, including messaging and value transfers.

Team Info and Investors

Hush was launched on November 21, 2016, as a fork of the Zcash codebase. The project operates with a decentralized governance structure where a portion of the block reward, known as the Founders Reward, is allocated to fund ongoing development and ecosystem growth. This reward is currently set at 10% of the block issuance.

Following censorship on external code repositories, the project's development has migrated to a self-hosted Git platform to ensure its operations remain decentralized and independent. The source material does not specify individual founder names or major institutional investors. No formal venture capital backing or early private funding rounds have been documented in the available project sources.

Where can you buy Hush?

HUSH tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Hush is SafeTrade, where the most active trading pair HUSH/BTC has a trading volume of $28.17 in the last 24 hours.

What is the daily trading volume of Hush (HUSH)?

The trading volume of Hush (HUSH) is $28.20 in the last 24 hours, representing a -23.90% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Hush (HUSH)?

Hush (HUSH) reached an all-time high of $17.89 and an all-time low of $0.0006068. It’s now trading -99.80% below that peak and 4,973.40% above its lowest price.

What is the market cap of Hush (HUSH)?

Market capitalization of Hush (HUSH) is $505,925 and is ranked #3545 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of HUSH tokens (16 Million tokens are tradable on the market today).

What is the fully diluted valuation of Hush (HUSH)?

The fully diluted valuation (FDV) of Hush (HUSH) is $646,894. This is a statistical representation of the maximum market cap, assuming the maximum number of 21 Million HUSH tokens are in circulation today. Depending on how the emission schedule of HUSH tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Hush compare against its peers?

With a price decline of -2.40% in the last 7 days, Hush (HUSH) is outperforming the global cryptocurrency market which is down -2.60%, while outperforming when compared to similar Smart Contract Platform cryptocurrencies which are down -5.10%.