In this article, you will get to know certain facts about #Haqq Network. The Islamic Shariah established “Haqq Chain” network and the issuance of its own currency “Islamic Coin”
Haqq is a scalable and interoperable Ethereum, built on Proof-of-Stake with fast-finality. Islamic Coinslamic (ISLM) is the native currency of Haqq Network. It is used for payments, governance, paying transaction fees and staking.
History
The Shariah Authority gave the legitimate Islamic view on establishing the “Haqq Chain” platform (“The Platform”) and issuing its currency known as “IslamicCoin”. The Platform’s blockchain-based features, the technical framework used to program “Haqq Chain” platform, the objective of The Platform and the mechanism used to issue and distribute its currency “IslamicCoin”, as well as information on the Evergreen DAO Endowment Fund to be established on The Platform.
Facts about Haqq platform
The following matters and answers made Haqq platform to be adopted;
- “Haqq Chain” platform is a safe and tested technology through which financial transactions are conducted and users’ funds are protected.
- Haqq Chain platform will be built using a technical framework that is well-known in the blockchain field, which is the Cosmos technical framework.
- The platform will operate on a “Proof of ownership” basis for mining, so that users freeze several their currencies to have Authority mining according to specific criteria. This method is more energy-efficient than the traditional mining method based on “Proof of work.”
- That the main currency used in “Haqq Chain” platform is the Islamic Coin currency, and a certain percentage of these currencies will be issued exclusively for a limited number of buyers.
- That 10% of the currencies issued on the platform will be automatically converted to the Evergreen DAO Endowment Fund (An independent decentralized entity), which is an endowment cryptocurrency fund that invests in projects that serve the International Islamic community and is subject to the decisions voted on by the miners of Haqq Chain platform
The most important features of Haqq
- Haqq is the blockchain network that issues Islamic Coin, its native cryptocurrency. Haqq is fast, trusted and compatible with thousands of applications around the world
- Proof of Stake mechanism allows Haqq holders to participate in the network consensus alongside Validators — and earn rewards for securing the network.
- Ethereum compatibility allows developers to build thousands of applications on Haqq using the existing Ethereum codebase and toolset, without rewriting smart contracts that already work on Ethereum or other Ethereum-compatible networks.
- IBC compatibility allows Haqq to interact with other IBC-compatible networks like Cosmos and Ethereum (via Cosmos Ethereum Bridge).
- High throughput with instant finality makes Haqq usable for applications beyond financial: social platforms, games, educational projects and much more.
How to Download #HaqqNetwork
#HAQQwallet is now available on iOS and Android! Providing simple and secure transactions under Islamic principles, HAQQwallet is the best way to manage your crypto funds.
You can download the #HAQQwallet through any of the following platforms:
#ISLM #HAQQ #IslamicUnited #HAQQnetwork #EvergreenDAO
