HelixA Cutting Edge, Anonymized, PoS with Masternode Technology Cryptocurrency.
Website | Whitepaper | Discord | Twitter | Telegram | Github (Added on the release(September 1st))
Specifications:Name: Helix
Ticker: HLX
Public Address Prefix: H
Algorithm: Quark
Port: 37415
Block Time: 60 seconds
Maturity: 50 confirmations
Mineable: Yes (first 5%)
Stake-able: Yes (remaining 95%)
Max Coin Supply: 500.000.000
ICO: No!
Miningpools are added on release!
Usage
Helix has numerous features. Remember that this list is not limited, and that we will always work hard to add new features:
• Fast and secure transactions.
• Strong privacy with options for both private and transparent transactions.
• Rewards for participating in the Helix network. This includes Proof of Stake (PoS) as well as the possibility for masternode rewards.
• Participating in governance and voting in important matters that concern the whole community.
• Multi-OS wallets: Windows, MacOS, Linux, and many more to come.
• Very easy access to all our features and wallets.
• We will continue to work hard on making Helix grow, check out our roadmap for details.
We believe in empowering individuals and create a strong community. We give freedom back to the people by using our strong Helix blockchain network and decentralized technology. This allows people to do business without the compromise of being subject to surveillance by centralized or legal institutions.
Proof of Stake
Bitcoin uses a cryptographic hashing algorithm to encode the transactions in the blockchain. Miners create these hashes by using a ‘Proof of Work’ (PoW) algorithm. The network hashrate is actually inflating as it requires a lot of power to create a single hash for the Bitcoin network and creating a new block in its blockchain.
Unlike Bitcoins PoW mechanism, Helix blockchain uses a hybrid system. The first 90.200 blocks are PoW, and after this period we switch to a PoS mechanism. The rewards a user receives depends on the amount of stake the participant has in the Helix network. The more you participate in validating and processing Helix transactions and its blocks, the more rewards you receive. Therefore, it’s incentivized to invest in Helix as a valuable core product.
Masternodes
The value of Helix lies in its main vision: building a secure and scalable currency. Therefore, Helix implemented masternodes, which can be used to earn more Helix by passive income to increase your holdings with a great risk/reward ratio. A masternode costs 10.000 HLX and gives a ROI of 60%.
Masternodes are enhanced nodes that are always up and running, which provide additional functions and security to the Helix network. Masternodes provide an enhanced form of staking, increase the privacy and speed of transactions and enables participation in governance and voting within the Helix community. A Helix masternode processes Zerocoin (zHLX) transactions which ensures topnotch privacy (more about this subject under ‘Privacy’).
Privacy
Helix believes in true and strong privacy. Bitcoins transactions are traceable for anyone who’s interested to find out. A high degree of privacy doesn’t allow this potential loss of privacy. That’s why Helix implemented the Zerocoin protocol. For detailed information about Zerocoin, read their whitepaper.
For this service, Helix coins have to convert into a zHLX coin. This process, called ‘minting’, is provided by masternodes running on the Helix Blockchain. No traces are left behind during this process. RSA-2048 encryption makes sure no information about the users is shared whatsoever. To reverse this process, you can send your zHLX coins to your own address back into regular HLX coins.
Coin information
Helix is founded on September 1st 2018. A total coin supply of 500.000.000 HLX was created, with a functional pre-mine of 1% (5.000.000 HLX). This will be used for marketing, development and exchange listing fees. The first period will exist of a PoW phase (10.000.000 HLX), followed by a PoS phase (485.000.000 HLX).
The following table show the coin specifications:
The following table shows the block rewards. They adjust after a certain amount is reached, to control inflation of the supply of Helix:
Community
The community started with a couple of early adopters who were unhappy about the way some projects were run by its developers. No innovation, fake promises and continues lies made us motivated to create something better. Since the project did not have an ICO and only started with a functional pre-mine of 1%, it’s really thanks to the true core believers who put in their time and effort that made Helix a reality.
We aim to provide 24/7 support, and we believe in a community who help each other out. Positivity and fun should be your top priority as a Helix community member. In accordance to this, we created the Helix masternode governance system to bring back the power to the people. By letting you decide on important matters, you’re in control of your investment.
Join us!
More people are joining every day and we hope this growth won’t stop. Don’t feel afraid to join us and introduce yourself. We’re looking forward to meet you!
With the upcoming years ahead of us, we believe that exciting things will happen. Helix is a premium privacy centric cryptocurrency, with strong features resulting in a decentralized, effectively anonymous cryptocurrency, with immediate (private) transactions and an incentivized network to provide additional services and security to the blockchain network of Helix. We will continue to work hard on the project, and hope to see you join us.
Disclaimer
Helix does not guarantee the accuracy of or the conclusions reached in this white paper, and this white paper is provided “as is”. Helix does not make and expressly disclaims all representations and warranties, express, implied, statutory or otherwise, whatsoever, including, but not limited to: (i) warranties of merchantability, fitness for a particular purpose, suitability, usage, title or noninfringement; (ii) that the contents of this white paper are free from error; and (iii) that such contents will not infringe third-party rights. Helix and its affiliates shall have no liability for damages of any kind arising out of the use, reference to, or reliance on this white paper or any of the content contained above, even if advised of the possibility of such damages. In no event will Helix or its affiliates be liable to any person or entity for any damages, losses, liabilities, costs or expenses of any kind, whether direct or indirect, consequential, compensatory, incidental, actual, exemplary, punitive or special for the use of, reference to, or reliance on this white paper or any of the content contained above, including, without limitation, any loss of business, revenues, profits, data, use, goodwill or other intangible losses.
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