HEX Solves Bitcoin’s Fundamental Problems

Bitcoin changed the world by introducing a decentralized store of value. But its creation and adoption has created problems and complexities that HEX solves.

In many ways, BTC and HEX are analogous. Bitcoin and HEX are peer to peer networks that store and transmit value. HEX is like Bitcoin with a Proof of Work change. In Bitcoin, miners buy mining hardware and electricity from companies. In HEX, miners buy HEX from other HEX holders, then use time to mine. HEX is Proof of Wait instead of Proof of Work.

Let's say you want to make more Bitcoin on your Bitcoin. What are your options? You could lend your coins out and take the risk they're not returned, or you could try selling your coins for mining hardware and hope to get more coins back later. Many people have lost a lot of money trying either. HEX solves this.

3x audited. Complete product. Unstoppable.
HEX’s code quality is excellent. HEX employs bit packing with bitwise shifts and caching for gas efficiency. Kyle Bahr wrote a technical explanation of the system, code and how it works. It is considered the HEX whitepaper.

HEX is decentralized and peer-to-peer. You are the network! Only you generate your private keys and mint your HEX and rewards. Without you the code just sits there. HEX’s code is totally open to view & verify and you can run it many ways. HEX’s contract address is 0x2b591e99afE9f32eAA6214f7B7629768c40Eeb39. Do not send anything directly to this address! You can review HEX’s code here.

Bitcoin had 2 inflation bugs where anyone was able to mint as many new coins as they wanted. The CVE-2010-5139 bug was announced on 2010-8-15 minted 184 Billion BTC and required a chain roll back. The CVE-2018-17144 bug was announced on 2018-09-17 and was discovered by a BitcoinCash developer, who disclosed it instead of exploiting it. HEX solves this by locking its economics code in an immutable smart contract, so network improvements and their possibility of bugs are kept far from the most important code. The last Bitcoin "unlimited free coins" inflation bug was created by adding an optimization to the networking stack.

Bitcoin's code has never been audited. Bitcoin's source code & consensus algorithm could be edited at any time in the future, even the 21,000,000-limit is not set in stone. If enough people agree to raise the limit it can be any number. Even Bitcoin's official website has been hacked. The Bitcoin foundation doesn't even own their .com domain. They lost it to another company selling a fake "fork" of Bitcoin.

HEX never had any bug ever. It's now 2 years since release consisting of perfect, flawless operation. 100% uptime. 3 letter dictionary .com domain. Website has never been hacked. Frontend has never been down. HEX’s code is set in stone and can never be edited like Bitcoin's. It's an immutable, unstoppable smart contract that has 3 independent audits that ensure both the security & economic validity.