What is the technology behind StrongHands?
StrongHands (SHND) is a cryptocurrency distinguished by its hybrid approach, employing both proof-of-stake (PoS) and proof-of-work (PoW) minting systems. This dual mechanism is crafted to enhance the security and efficiency of the network. By harnessing the strengths of both systems, StrongHands seeks to offer a robust platform for its users. The PoS component enables users to earn rewards by holding coins in their wallets, promoting long-term investment and network stability. Meanwhile, the PoW aspect involves miners utilizing computational power to validate transactions, ensuring the network remains decentralized and secure. The blockchain technology underpinning StrongHands is rooted in the foundational principles of Bitcoin and Peercoin, while introducing several innovations to address energy consumption and security. By building on these established technologies, StrongHands incorporates energy-efficient practices and adaptive responses to fluctuations in network computational power. This adaptability is crucial in preserving the network's integrity, particularly as the number of participants and transactions increases. StrongHands operates on the Ethereum blockchain, providing a versatile platform for deploying smart contracts. Smart contracts are self-executing agreements with the terms encoded directly. They automate processes and reduce the necessity for intermediaries, enhancing transaction efficiency and transparency. The integration of smart contracts into StrongHands' ecosystem facilitates seamless trading and staking, improving the user experience. Security is a paramount concern for any blockchain network, and StrongHands addresses this through its unique reward system. Miners are incentivized with a 250,000 SHND per block reward, distributed after a 30-day holding period. This mechanism not only rewards miners for their efforts but also encourages them to retain their holdings, thereby contributing to the network's stability and security. By requiring miners to hold their rewards for a specified period, StrongHands mitigates the risk of sudden sell-offs that could destabilize the market. The community aspect of StrongHands is another vital element of its technology. Originally launched in 2015 by Jackson Briggs, the project experienced a community takeover in 2018, led by notable figures such as Bitcoinbabys and Bumbacoin. This transition underscores the decentralized nature of the project and the significance of community involvement in its development. The ethos of loyalty and perseverance is deeply embedded in StrongHands culture, as reflected in its motto, emphasizing the value of holding and commitment. StrongHands is also preparing to become multichain, which will enable it to operate across multiple blockchain networks. This development aims to enhance the coin's accessibility and interoperability, allowing it to interact with a broader range of blockchain ecosystems. By expanding its reach, StrongHands seeks to attract a diverse user base and enhance its utility in the cryptocurrency landscape. The technology behind StrongHands is a blend of innovation and tradition, drawing from the strengths of established cryptocurrencies while introducing new features to address contemporary challenges. Its hybrid minting system, integration with Ethereum, and community-driven approach collectively contribute to a comprehensive and dynamic platform.














