Haven Protocol
Haven Protocol (/heɪˈvn
| Haven Protocol | |
|---|---|
 | |
| Ticker symbol | XHV |
| Development | |
| Original author(s) | David Bandtock, Neil Coggins |
| White paper | Haven Protocol |
| Initial release | 1 January 2018 |
| Latest release | 12 April 2021 |
| Code repository | |
| Operating system | Windows, Linux, macOS |
| Website | havenprotocol |
| Ledger | |
| Timestamping scheme | Proof-of-work |
| Issuance | Decentralized, block reward |
| Block time | 2 minutes (previously 1 minute) |
| Block explorer | explorer |
| Circulating supply | 15,000,000 XHV (as of 22 June 2021[update]) |
Search Haven Protocol on Amazon.
History
The Haven concept launched in January 2018. This first attempt reached the stage of a public testnet before weaknesses in the solution, a hiatus in development, and a subsequent lack of progress from the original developers put the project’s future in doubt.
In late January 2019, a collection of original Haven community members took the project over with a view to completing the project, delivering the offshore storage mechanism, and building out the supporting infrastructure to gain mass adoption of a much needed utility in the rapidly growing cryptocurrency market.
On 20th July 2020 Haven launched the world's first private stable coin xUSD.
Architecture
Haven is built on top of Monero, which is widely considered to be the leader in privacy technology. Haven therefore inherits all of Monero’s privacy features, including ring signatures and Bulletproofs. It extends that functionality by providing private, anonymous, synthetic currencies and commodities (xAssets) which can only exist through the “burning” of the Haven base currency - $XHV.[5][6]
xAssets
Haven is an untraceable cryptocurrency with a mix of standard market pricing and real world asset-pegged value storage. It achieves this via a “mint and burn” process within a single blockchain.
In the simplest case, users can burn Haven (XHV) for the equivalent USD value worth of Haven Dollars (xUSD). Or, to restore to a volatile state, the user can equally burn xUSD for $1 USD worth of XHV.[7]
Other major fiat currencies including AUD, CNY, CHF, GBP, EUR, and JYP, as well as BTC and other high profile commodities such as xAU (Gold) have been added to the Haven ecosystem in April 2021 to allow users to choose a suitable pegging mechanism for their needs.
Pricing Oracles
In the first iteration of Haven and several subsequent designs since that time, the creation of a secure, accurate and high-performing oracle was considered key to the success of the protocol. However, since the creation and success of services such as Chainlink and Zel Protocol, which are designed purely to provide oracle functions as an independent data source, it is now clear that not only is a separate oracle not required to be built into the Haven system, but it is not desirable to do so. Doing so would increase centralisation of the most important part of the conversion equation – pricing.
Security and privacy features
Since Haven is based on Monero, it inherits all Monero's security and privacy features.
Exchanges
Audits & Reviews
Haven Protocol was successfully audited by Slowmist
Leading crypto analytics site Messari reviewed Haven Protocol on 04/08/2021[8]
Anders Larsson, a key player in creating the mobile data ecosystems of 2G, 3G, 4G, 5G, IoT, reviewed Haven Protocol on his YouTube channel[9]
References
- ↑ The Wall Street Journal (16 June 2021). "Untraceable Bitcoin Is a Myth". Wall Street Journal.
- ↑ Jeff, Benson (19 September 2020). "As DeFi Eyes Profits, One Stablecoin Won't Sacrifice Privacy". Decrypt.co.
- ↑ CMC. "Haven Protocol". Coinmarketcap.
- ↑ Coingecko. "Haven Protocol". Coingecko.
- ↑ Eiff (21 July 2020). "XHV, How it simply works". Medium. Retrieved 28 August 2020.
- ↑ MadLentil (19 August 2020). "Haven Protocol - A new approach to money". Medium. Retrieved 28 August 2020.
- ↑ David, Bandtock (15 May 2020). "Haven Deep Dive: Cracking the xUSD Code". Medium. Retrieved 28 August 2020.
- ↑ Messari. "Can Haven Become a Leader in Private Finance?". Messari.
- ↑ Anders, Larrson. "Haven XHV - Next 10,000x?". YouTube. Retrieved 28 August 2020.
External Links
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