Hyundai Digital Asset Currency and its HDAC Token locate in Blockchain-based platform that supports communication between IoT devices and functions of payment, authentication, data storage. In this article, as Kriptokoin.com, “What is Hdac?” We will answer the question. In addition to these, we will touch on all the questions about the project.
What is HDAC? What does HDAC do?
Behind the HDAC project, which started out as one of the biggest initial cryptocurrency offerings of 2017, is a big name in support of its bid to gain public attention. It was also launched as the pet project of Hdac Technology Company, which received great support from Hyundai Group, a world-renowned South Korean conglomerate. After the ICO brought in almost $258 million, the Hdac project team went on to launch its mainnet in May 2018.
What is the purpose of the project?
Despite managing the project operation from Switzerland, Hdac Company’s project is based on two main objectives. It first resonated in South Korea with its ambition to expand globally:
- Desiring to strengthen the synergy between Blockchain and Internet of Things (IoT) as two emerging technologies,
- It is to support simpler integration between public and private Blockchain networks and to enable faster and more secure interaction between them.
- In line with this goal, the project is promoted as a BaaS platform primarily aimed at businesses that want to implement services that combine “the best of both worlds” when it comes to Blockchain and IoT.
How does it work?
- Nodes: It records all transaction blocks. It also stores configuration information exchanged between users or devices between devices. Billing and management related etc. It also stores information.
- Managers: Access is provided by registering users and devices on Blockchain. The relevant settings are stored in the nodes. It is then distributed to users and devices.
- Users:People and devices are determined as “users” and simple nodes are run.
- Gateways: These units control artificial devices or sensors. It also analyzes smart contracts for IoT devices.
- Devices:It connects to gateways or nodes that do not store blocks and are assigned separate addresses.
What is HDAC? How to buy HDAC?
Stock exchanges that can be traded with HDAC at the moment; Binance is Bittrex, OKX, BingX, Bybit and MEXC. To purchase coins, these steps are followed:
First of all, access the web/mobile application of the HDAC listing exchange you selected as the first step. Then complete the account opening steps of the exchange. Complete the next step, the authentication and approval process. Follow the steps of the exchange, which is the next step, to deposit funds. As the last step, choose HDAC Coin with the balance you want and create a purchase order. Store it in your trusted accounts.
