HYPERSTAKE uses a proof of stake based consensus system is designed to reward long-term participants within the HYPERSTAKE ecosystem. Rewards are based on the amount of coins that a user holds, as well as how old those coins are. Larger and older blocks are more likely to stake. There are 960 stake rewards per day with a maximum stake of 1000 HYP per block.
HyperChain provides the ability to securely communicate between devices running the HYPERSTAKE wallet. Secure communication between users can occur between single users or between groups. HyperChain provides a platform for users to create channels that broadcast signals and data into HYPERSTAKE's blockchain. It allows for small amounts of immutable data to be added to the blockchain. Only HyperStake users will be able to securely communicate with each other.
Many of today's most popular digital currencies have competing factions and opinion groups within the currency's ecosystem and have no easy way to decide which group's opinion should be implemented. HYPERSTAKE seeks to solve this probelm with an immutable voting system, which is accessible to any user that actively stakes. A proposal is submitted by a user or group of users surrounding an identified issue. The proposal includes a name, description, up to four options to vote on, and a timeframe for which the voting period is active. This proposal transaction is added to the blockchain and is able to be permanently accessed and viewed. Votes are submitted within the newly created block. Stakers who have the most to gain or lose from important decisions about HYPERSTAKE will be those with the largest sway on the overall vote.
Users may also vote on dynamic coin parameters including block rewards, block spacing, cool down period and maximum block size. However, voting on coin parameters is not done via proposals. Instead, items that are being voted on are directly coded into the HYPERSTAKE core. The parsing of the coin parameters votes is done automatically by the HYPERSTAKE core and is part of the ruleset and specification for the network.