Haven is an untraceable cryptocurrency with standard market pricing and stable fiat value storage. It achieves this through a dual-token blockchain. Users can mint Haven Dollars [XHVD], equivalent in value to the US dollar, for their Haven [XHV].
Haven is a fork of Monero, thus inheriting its renowned privacy and anonymity features. Haven also benefits from launching its blockchain from scratch with RingCT, providing additional privacy. Furthermore, Haven’s offshore storage smart contracts enable privacy-conscious individuals to store money in an untraceable currency without being subject to market volatility.
Offshore Storage
Haven doesn’t rely on pegs to maintain its relationship with fiat currencies and can be traded at any value without affecting those who wish to maintain this relationship. It accomplishes this through built-in smart contracts known as Offshore Storage. Sending Haven to offshore storage (destroying it) records the current fiat reference value on the blockchain. Later, it can be restored to Haven by minting new tokens to match the current fiat value.
Key use cases for offshore contracts include:
Point-of-sale systems that accept Haven for goods, allowing store owners to immediately lock in fiat value, protecting against price fluctuations. This has the added benefit of keeping both the store owner’s wallet address and amounts undisclosed, making their business and income completely hidden on the blockchain.
Storing large sums of money outside traditional banking systems. Privacy-focused cryptocurrencies are ideal, but without a reliable way to maintain value through volatility, holding them can be costly. Essentially, sending Haven offshore makes the funds disappear until you want to retrieve them, at which point their value remains unchanged.
For cryptocurrencies to go mainstream, there must be a method to remove exchange rate risks associated with holding currency relative to fiat. Once Haven is supported in sales systems and the process becomes automated, adoption rates will increase rapidly.
Once the network reaches maturity and provides sufficient exchange support for redundancy and price accuracy, offshore storage contracts will be implemented. The current focus is on growing daily transactions through an easy-to-use mobile wallet application, ensuring stability, privacy, and usability so anyone can use it without needing to understand cryptocurrency.
Untraceable Concealed Decentralization
Haven uses ring signatures, ring confidential transactions, and stealth addresses, meaning payments cannot be tracked or linked back to any user.
Wallet addresses and transaction amounts are fully obfuscated on the Haven blockchain, making all activities invisible.
The Haven protocol is decentralized and open-source, meaning there is no centralized control over the network. Nothing is censored.
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