HyperExchange takes the lead in implementing inter-blockchain value interconnection via a Blockchain Multi Tunnel (BMT) protocol.

The realisation of cross-chain functionality has significant implications for the field of blockchain technology as:

• It allows value to be transmitted between blockchains;

• It dissolves barriers between independent blockchains to provide a foundation for building a globally interoperable blockchain ecosystem;

• It allows existing blockchains to expand beyond their constraints;

• It connects existing internet infrastructure to blockchain systems.

In order to ensure the stability and safety of the HCASH ecosystem, the reserve amount of HyperExchange to HCASH will be kept at 100%. Each HIOU will have its corresponding asset (such as BTC, ETH, etc) placed into hot or cold multi-signature wallets on the original chain. Those addresses will then be managed by a RPPOM consensus mechanism. This ensures that all assets on the HyperExchange network will not be modified or destroyed without reason, and that increases or decreases in assets always correspond to users' deposit or withdrawal activities.

In accordance with the RPPOM consensus mechanism, the HyperExchange network produces a block every 5 seconds, resulting in significantly faster transaction confirmation speeds. This is illustrated best when compared to BTC, which produces a block every 10 minutes, or LTC, which produces a block every 2.5 minutes.

Overall, HyperExchange’s theoretical TPS (transactions per second) can reach 10,000, which is enough to carry high-load transactions on multiple chains.

By using Turing-complete smart contracts, HyperExchange users can flexibly extend and customise complex business transactions and financial contracts. This can be done without modifying and updating the code of the original chain itself, and so, a dynamic expansion function with limitations is realised. For example, on the HyperExchange, smart contracts can be implemented, some of which include:

token contracts, trading contracts, lock-up contracts, various DAPP contracts, and so on.

HyperExchange uses a RPPoM (Random Pool Proof of Multi-properties) decentralised consensus mechanism, which is a stochastic multi-asset equity staking consensus algorithm. There are four roles that exist within the HyperExchange ecosystem:

Tourists, which include all ordinary users on the HyperExchange chain; Candidate Citizens, who pay a fee to be able to accept pledges from other users on the chain; Citizens, who are block generators and community governors; and Senators, who are asset managers and community administrators.

Transaction fees on the HyperExchange chain can be paid using HX and a variety of HIOU payments. If a user has any HX or HIOU, they can directly trade without having to worry about fees.

The exchange rate on the HyperExchange is not fixed, but is determined by market dynamics. As the price of Hyper Assets fluctuate, the HIOU required to facilitate a transaction will also change accordingly.