Haven Protocol

Overview of Haven Protocol

Haven Protocol is an ecosystem of multiple fully decentralized and private stable coins that can be stored in a Haven wallet which can be seen as a private and decentralized multi-currency bank account for everyone.Haven is an untraceable cryptocurrency with a mix of standard market pricing and stable fiat value storage.

Haven Protocol token holders will be able to save up to 40% in a few cases compared with other online travel agencies on over 2.2 million hotels globally and 40 thousand activities with the addition of flight booking across more than 600 airlines globally and Car Rentals coming soon.

Haven Protocol has the same transactions per second (1700 – theoretically unlimited due to adaptive block sizes), the same base transaction fees (less than 1 cent), the same block time (2 minutes), and the same mining algorithm (proof of work – RandomX).

Haven Protocol is a fork of Monero “that proposes a mix of standard market pricing and stable fiat value storage without an unsustainable peg or asset backing.” It was listed on Bittrex and Upbit amongst other lesser-known exchanges.

Haven Protocol’s blog post about announcing the Haven Foundation also seems to hint that they will be building payment tools which include cryptocurrency debit cards that will support XHV, xUSD, and other xAssets.

Haven Protocol is similar to an offshore bank where users can create private tokens that represent stable and volatile assets, including commodities and fiat currencies (which include USD).

Haven Protocol community members had raised the alarm over the intermittent silences and lack of code transparency from a core developer of anonymity-oriented altcoin Haven (XHV).

Haven Protocol price Index provides the latest XHV price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

Haven Protocol is hoping to change this by introducing a protocol that makes it possible for anyone to truly move their assets “offshore”.

Haven Protocol could therefore become one of the most valuable projects in the space, but it still has a long way to go.

Blockchain

Haven Protocol’s first synthetic asset, xUSD, went live in July, 2020.Since that time, over 4.5 million xUSD have been minted.With the help of some of Monero’s top developers, Haven Protocol’s new developers succeeded in adding Colored Coins to a private blockchain in May, 2020 – a huge milestone for both projects.

Mine

The simple explanation is that Monero uses the sum of an output to determine whether a transaction is valid and Haven Protocol’s developers managed to find a way to accurately include the values of various colored coins in this sum.

Network

Commenting on the integration with Band Protocol, David Bandtock, Project Lead at Haven Protocol, said that it is a critical step towards decentralizing Haven, a top priority of the network’s team and community alike.Haven Protocol is based on the Monero network, one of the most decentralized, secure, and privacy-focused crypto networks globally.The protocol allows users to peg their XHV tokens to various fiat currencies, including the USD, EUR, and CNY, or traditional assets like Gold and Silver.

Support

Haven Protocol’s blog post about announcing the Haven Foundation also seems to hint that they will be building payment tools such as cryptocurrency debit cards that will support XHV, xUSD, and other xAssets.It also hints that it aims to turn the project into a decentralized autonomous organization.Neither of these two are noted on their roadmap at the moment.

Transactions

In addition to the privacy features mentioned earlier, Haven Protocol has added a few additional features to its transactions to ensure the mint and burn mechanism for xUSD remains stable.The first is something called ‘notes’.

Are the transactions private?

Yes, Monero’s privacy feature set is widely considered to be the benchmark within cryptocurrency.All transactions and account balances are fully private including the sender, receiver and the amount.Privacy in Haven is by default, meaning there is no way to accidentally make a transparent transaction.Further details can be found on the Haven Whitepaper.

Can I send my money to anyone I want?

Absolutely, as long as they have a Haven vault then you can send XHV or any of the other supported xAssets anywhere in the world quickly, securely and extremely cheaply.

Could someone manipulate the price of XHV in order to lower it to burn a lot of XHV coins for more XHVD — then pump up the price and mint back more XHV than they started with?

This would be an extremely expensive exercise.In order to profit, you would need a large amount of funds — to the point where the cost of manipulating Offshore Storage in this way is not significantly different to the cost of manipulating any market.

Crypto Developer Quits Haven Protocol (XHV), Is it Dead?

Privacy-focused, stable-coin-of-sorts crypto, the Haven Protocol (XHV), appears to have been disbanded.According to Tweets from those involved in the project, one of the lead developers has disappeared with the only access to the code repository, halting development for months.

FAQ: What would would happen in a 51% attack situation? Couldn’t they force everyone to accept a tampered price?

No.If the price in the block doesn’t match what is expected by your oracle, even if it is the longest chain with the most work, it will be rejected.

Glitch in the matrix?

An amusing TradeOrge glitch reported Haven’s price to be 7.6 BTC for a short time before being rectified.

How can I store and convert to different xAssets?

Your money is stored in a digital vault.You can think of this as a private offshore account that only you can access and control.There are vaults available for all major operating systems including mobile and desktop and different options depending on your technical knowledge.Once you have XHV or xUSD in your vault you can then convert to any other supported xAssets within the vault with no limits on the amount and no conversion slippage.

How do I buy Haven Protocol?

It is not possible to buy all cryptocurrencies with U.S.dollars.Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S.dollars using Coinbase or BlockFi.Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Haven Protocol.

How do I get a Haven Protocol address?

Getting a Haven Protocol adress is easier than it looks.For this you will
need to set up a Haven Protocol wallet of your choice.Check out our wallets
section for advice on which type of wallet will suit you best.Once you’ve set up a
wallet, for receiving or sending coins your wallet client will each time generate a
unique Haven Protocol adress.

How do I mine Haven Protocol?

Haven Protocol can be mined using specialized mining software.XMR Stak is a commonly-used mining tool that works for CPU mining and GPU mining with both Nvidia and AMD graphics cards.CCMiner is another popular mining tool for computers with NVIDIA graphics cards.In addition to having mining software, you will need a Haven Protocol and access to a mining pool that pools your effort with other miners and a wallet to store the Haven Protocol that you earn from mining.Most cryptocurrencies have multiple publicly-available mining pools that can be found with a simple Google search.

How Does Haven Guarantee Security and Privacy?

Haven benefits from the cryptographic mechanism known as ring signatures, detailed originally by CryptoNote and adopted by Monero.In a traditional coin, like Bitcoin, the user signs his or her data with a cryptographic hash.Monero’s team compares the Bitcoin method to a signature on a personal check.The hash and the user, then, can be implied.Ring signatures introduce the possibility that one of several users actually signed off on and verified the data.

How does Haven Protocol work?

Although Haven Protocol is described as a fork of Monero, it is more accurate to call it a clone of Monero.Haven Protocol has the same transactions per second (1700 – theoretically unlimited due to adaptive block sizes), the same base transaction fees (less than 1 cent), the same block time (2 minutes), and the same mining algorithm (proof of work – RandomX).

How Does Haven Remain Stable?

Haven cannot be accessed with the traditional metric of total supply, as manipulating that figure is the key to maintaining Haven’s integrity and fighting inflation.

How Is the Haven Protocol Network Secured?

Haven Protocol uses a proof-of-work consensus mechanism, similar to that of Monero.Due to the functionality of the mining algorithm, users do not need specialized mining devices to mine new coins.As a result, a regular computer is enough for mining.Furthermore, the network uses similar privacy features to Monero’s.

How is the price determined?

The price is determined based on a weighted average and will be calculated over all exchange values, primarily based on volume, and normalized over previous 20 previous prices.Each oracle reaches out to the exchange APIs and gets the recent market history.

How many assets will there be on the network?

Having started off with xUSD we will look to add further xAssets over time.The first 4 to be added to the network will be Gold, Silver, Euro and Chinese Yuan.With the release of xUSD, Haven has just added the world’s first coloured coin implementation on the Cryptonote protocol.

How Many Haven Protocol (XHV) Coins Are There in Circulation?

Haven had no ICO, pre-mine, or seed funding when it first launched.The maximum supply of XHV is 18,400,000.As of February 2021, the current circulating supply of the XHV is 14,531,525.

How Many Haven Protocol Coins Are There?

There are currently 14,492,031 Haven Protocol coins circulating out of a max supply of 14,492,031.

How many XHV coins are there?

As of March 2021 there are around 14.2 Million XHV in circulation but due to the way the protocol works this will fluctuate according to the demand for the other xAssets in the network.As it is a PoW coin there are a number created via mining and this emission schedule follows the same curve as Monero.The live circulating supply can be found here:https://explorer.havenprotocol.

How to buy Haven Protocol (XHV) from above-listed exchanges?

Step 1: Click on Buy Haven Protocol (XHV) from Exchange button.Step 2: You will be redirected to the exchange.Step 3: Sign up if you do not have an account with that exchange else log in.Step 4: See if the exchange support fiat currency or cryptocurrency or both.Step 5: Deposit the currency it supports and buy the currency you want.

Is Haven Protocol the 2nd Crypto Exit Scam of 2019?

With users still emerging from the Cryptopia Hack, this time a coin is gaining attention for all the wrong reasons.The coin is the popular Haven Protocol(XHV).Haven Protocol(XHV) has a market capitalization of $3.04 million and $174,059.00 worth of Haven Protocol(XHV) was traded on exchanges in the last 24 hours.

Is it profitable to
invest in Haven Protocol?

Yes.The long-term earning potential is
+93.67% in one year.

Is it safe?

Your vaults are protected by a password that you set up and must remember in order to access your funds.During the process of setting up the vault you will be given a 25 word seed phrase.Should you lose your password you can restore your vault using this seed.

Main question: How far off are we to a complete solution?

We have an end-to-end solution for a new version of the oracle which needs to be coded and tested, reusing as much of the codebase as possible.We are in the process of determining the skills available on the development team and the work that needs to be completed.We may need to reach out for more help if the team doesn’t have all the skills or knowledge necessary to complete this solution.

So, how is it funded?

Most of the team work on a voluntary basis and receive no payment for their input.The developers do receive compensation in the form of XHV due to the large number of hours they give to the project.Funding comes from a 5% governance fee as well as asset exchange fees.It is spent on essential infrastructure, marketing and developer costs.We also have a committed and rapidly growing community who give many hours to marketing and project awareness.

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Was there an ICO?

No.Haven has not carried out an ICO or taken on any outside funding.Nor is there any intention to do so.

What can Haven be used for?

Haven can be used by anyone who wishes to hold and use their wealth privately and have access to a range of digital currencies and assets all within one network.

What do you think about the Haven Protocol today?

Let us know by clicking the given button.

What does ‘Coloured Coin’ mean?

It means there is theoretically no limit to the number or range of assets that could be added to the network.The only limiting factor is that we would need to be able to get a price feed into the network in order to carry out asset conversions.

What Does the Market Look Like?

XHV carries a price of $3.15 as of May 2018 with a circulating supply of about 2,162,000.Its market cap is almost $7 million with a daily trading volume of $136,873.Due to the rather unusual mint-and-burn system, it is impossible to state a total supply at any given time.

What hashing algorithm does Haven Protocol use?

Haven Protocol is a proof of work (PoW) coin that uses the CryptoNight Heavy algorithm.

What if there isn’t enough liquidity to cover selling your minted coins at the determined valuation price — as selling would lower the price?

A XHVD/USD Base pair would totally solve this.Haven’s long term plan is to have XHVD/USD pairs on exchanges.

What Is Haven Protocol (XHV)?

Haven Protocol is similar to an offshore bank where users can create private tokens that represent stable and volatile assets, including commodities and fiat currencies (such as USD).The protocol is based on Monero, which focuses on secure, private and untraceable transactions.

What Is Haven Protocol's Price Today?

Haven Protocol (XHV) is trading at $20.73 USD, increasing by 8.46% since yesterday.Haven Protocol has traded $3,155,278 USD in the last 24 hours.

What is Haven Protocol?

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What is Haven Protocol?

Haven Protocol is a fork of Monero that supports the creation of private coins representing both stable and volatile assets.Virtually any asset can be created on Haven Protocol including currencies and commodities.All of these are private by default.The intention is to make it possible to create your very own digital offshore bank that is out of reach to governments and regulators.

What is Haven Protocol?

Haven is an untraceable cryptocurrency with a mix of standard market pricing and stable fiat value storage without an unsustainable peg or asset backing.It achieves this with a built in on-chain smart contract that controls the minting and burning of coins in a network of cryptographically unknown supply to facilitate value for users that choose to send their coins to offshore storage contracts while allowing everyone else to be exposed to the natural price movements of the currency.

What is Haven Protocol?

Haven is an untraceable cryptocurrency with a mix of standard market pricing and stable fiat value storage without an unsustainable peg or asset backing.It achieves this with a built-in on-chain smart contract that controls the minting and burning of coins in a network of cryptographically unknown supply to facilitate value for users that choose to send their coins to offshore storage contracts while allowing everyone else to be exposed to the natural price movements of the currency.

What is Haven Protocol?

Haven (XHV) is an ecosystem of digital assets with accounts only you can access, balances only you can view and transactions only you control.Haven is based on Monero giving every asset within the ecosystem world class privacy, provides a range of synthetic fiat currencies and digital assets, enabling commerce and portfolio diversification and enables you to store, convert and transact in the form of money you prefer whether it’s xUSD, xCNY or xGOLD.Algorithmic and decentralized, Haven claims to have low fees, Infinite Liquidity, No Middleman a allow for Financial Privacy.

What is Haven?

Haven Protocol is a hard fork of a well-known privacy coin Monero, so it is also untraceable.Its decentralized ecosystem offers stable coins that can be stored in a Haven digital wallet and used for instant transactions.The project developers promote it as ‘an offshore bank in your pocket,’ and promise users the stability of a bank account with the anonymity of a privacy-focused cryptocurrency.

What is the Haven Oracle?

For those who don’t know, an oracle is how a blockchain interacts with the wider internet i.e.an API.The Haven Oracle is what is used to determine the current price of Haven so we know the USD value of any Offshore (XHV -> XUSD) and Onshore (XUSD -> XHV) transaction.

What is the Reddit page for Haven Protocol?

The official Reddit community (subreddit) for Haven Protocol is r/havenprotocol.

What is the value of Haven Protocol?

One Haven Protocol (XHV) is currently worth $20.70 on major cryptocurrency exchanges.You can also exchange one Haven Protocol for 0.00038405 bitcoin(s) on major exchanges.The value (or market capitalization) of all available Haven Protocol in U.S.dollars is $300.04 million.

What is
the Haven Protocol price today?

The current price of Haven Protocol is
20.688 USD today.

What Makes Haven Protocol Unique?

The first proposed design of Haven Protocol was initially believed to be infeasible due to the complicated cryptography and mathematics, and the privacy of the codebase.Similar to Monero, the platform also uses proof-of-fungibility.The proof-of-fungibility allows for various asset classes to be equated based on their monetary value rather than just the quantity of the exchanged tokens.

What will need to be fixed?

Instead of fixing an incomplete solution.

What
will Haven Protocol be worth in five years
(2026)?

The Haven Protocol (XHV )
future
price will be
120.490 USD.

What’s on Haven’s Roadmap?

Haven plans to introduce iOS and Android mobile wallets in the second quarter of 2018, focusing on ease of use for clients unfamiliar with cryptocurrency.I2P integration will begin in the third quarter to prevent IP addresses from being associated with individual transactions.By the end of the year, Haven hopes to have its offshore storage smart contracts available and executable in the market.

Where can I get Haven Protocol wallet?

Haven Protocol produces its own wallet software that is available for download on its website, which allows you to store Haven Protocol on your computer.For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X.If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

Where Can I Get Haven?

Haven is currently traded on TradeOgre, Nanex, and Palitanx.Mining is also an option, with several established pools listed on the Haven home page.

Where can I get XHV from?

Haven (and xUSD) are available to buy from a number of crypto exchanges or as it is a PoW currency it can also be obtained by mining.The current list of exchanges and mining pools can be found on our website.

Where Can I Learn More?

You can visit the Haven Protocol website here or read the white paper here.Haven also recommends select Monero protocol readings in its white paper for a better understanding of the roots of Haven.

Which Haven Protocol Wallet Should I Use?

There’s no single answer.It is best to realize what is the desired purpose of the
wallet.If you want to use it to regularly pay and receive small amounts
of Haven Protocol, then mobile or online wallet makes sense due to their
ease of use.If however, you want to use the wallet to hold a
small Haven Protocol fortune then security should be your priority.The
range of devices you use the most often will also help determine what wallets are
best for you, as there is at least one for each type of device.

Who Are the Founders of Haven Protocol?

The protocol was first worked on by two unidentified developers in January 2018 who attempted to create a decentralized private stablecoin.This would allow any user to own a private token that can be converted into any desired currency without interference from a third party.However, the project failed after making it to the testnet stage due to technical challenges.

Who Is the Team Behind Haven?

Perhaps in keeping with the coin’s untraceable nature, neither the Haven website nor the white paper is signed or gives any particular team details.Haven does operate the Twitter handle @HavenProtocol.Two additional Twitter users – @haven_dev and @donjor – have given interviews in the media as Haven Protocol developers.

Who runs nodes?

Anyone can run their daemon as a validator and run the open source oracle code locally.As new blocks are detected, your daemon references the reported price in the new block and compares it to the prices you have determined independently.

Why does Haven need privacy?

Like any other account there will be sensitive information that a user may not want to be publicly available.This is especially true for personal financial data that, if stolen, can be used by unscrupulous parties to potentially steal those funds.The privacy features of Haven make that much less likely to happen.

Why Should I Buy Haven Protocol (XHV)?

Haven Protocol is a cryptocurrency that is identified by the symbol XHV.

Why Use Offshore Storage?

Haven cites the need to store large amounts of fiat currency outside of the banking system as a key use case for offshore storage.

Will Haven Protocol crash?

According to our analysis, this will not happen.

Will Haven Protocol hit 100 USD in a year?

Not within a year.See above.

Will Haven Protocol hit 200 USD in a year?

Not within a year.See above.

Will Haven Protocol hit 500 USD in a year?

Not within a year.See above.

Will Haven Protocol price fall / drop?

No.See above.

Will Haven Protocol price grow / rise / go up?

Yes.The Haven Protocol price can go up from
20.688 USD to
40.066 USD in one
year.

Will Haven Protocol replace / surpass / overtake
Bitcoin?

According to our predictions, this won’t happen in near future.

History of Haven Protocol