StrongHands price

SHND

#2233

StrongHands (SHND) emerged in 2015 as a cryptocurrency with a unique focus on loyalty and resilience, distinguishing itself from the broader crypto landscape. Initially based on Peercoin, StrongHands has evolved through various updates, including changes to its supply and return model. It is recognized for its combined proof-of-stake/proof-of-work minting system, which aims to enhance energy efficiency and security while adapting to shifts in network computation power.

The project was launched by Jackson Briggs on the Bitcointalk forum and later saw a community-driven revival in 2018, spearheaded by figures like Bitcoinbabys and Bumbacoin. StrongHands is often associated with the concept of "HODL," a term in crypto culture that emphasizes holding onto assets despite market volatility. This aligns with its ethos, as the coin rewards those who maintain their holdings with a 250k per block reward after 30 days.

As a MEME coin, StrongHands has cultivated a niche community that values steadfastness. The coin's motto underscores its commitment to rewarding those who can withstand market pressures, appealing to miners and holders who prioritize long-term engagement over short-term gains.

StrongHands (SHND) is a cryptocurrency that stands out due to its hybrid approach, combining both proof-of-stake (PoS) and proof-of-work (PoW) minting systems. This dual mechanism is designed to enhance the security and efficiency of the network. By leveraging the strengths of both systems, StrongHands aims to provide a robust platform for its users. The PoS component allows users to earn rewards by holding coins in their wallets, which encourages long-term investment and network stability. Meanwhile, the PoW aspect involves miners using computational power to validate transactions, ensuring the network remains decentralized and secure.

The blockchain technology behind StrongHands is rooted in the foundational principles of Bitcoin and Peercoin, yet it introduces several innovations to address energy consumption and security. By building on these established technologies, StrongHands incorporates energy-efficient practices and adaptive responses to fluctuations in network computational power. This adaptability is crucial in maintaining the network's integrity, especially as the number of participants and transactions grows.

StrongHands operates on the Ethereum blockchain, which provides a versatile platform for deploying smart contracts. Smart contracts are self-executing contracts with the terms of the agreement directly written into code. They automate processes and reduce the need for intermediaries, making transactions more efficient and transparent. The integration of smart contracts into StrongHands' ecosystem allows for seamless trading and staking, enhancing the user experience.

Security is a paramount concern for any blockchain network, and StrongHands addresses this through its unique reward system. Miners are incentivized with a 250,000 SHND per block reward, which is distributed after a 30-day holding period. This mechanism not only rewards miners for their efforts but also encourages them to maintain their holdings, thereby contributing to the network's stability and security. By requiring miners to hold their rewards for a specified period, StrongHands reduces the likelihood of sudden sell-offs that could destabilize the market.

The community aspect of StrongHands is another key element of its technology. Originally launched in 2015 by Jackson Briggs, the project underwent a community takeover in 2018, led by notable figures such as Bitcoinbabys and Bumbacoin. This transition highlights the decentralized nature of the project and the importance of community involvement in its development. The ethos of loyalty and perseverance is deeply embedded in the StrongHands culture, as reflected in its motto, which emphasizes the value of holding and commitment.

StrongHands is also preparing to become multichain, which means it will be able to operate across multiple blockchain networks. This development aims to increase the coin's accessibility and interoperability, allowing it to interact with a broader range of blockchain ecosystems. By expanding its reach, StrongHands seeks to attract a diverse user base and enhance its utility in the cryptocurrency landscape.

The technology behind StrongHands is a blend of innovation and tradition, drawing from the strengths of established cryptocurrencies while introducing new features to address contemporary challenges. Its hybrid minting system, integration with Ethereum, and community-driven approach all contribute to a comprehensive and dynamic platform.

StrongHands (SHND) is a cryptocurrency that stands out with its unique approach to minting and security. It combines proof-of-stake and proof-of-work systems, aiming to enhance energy efficiency and adapt to changes in network computation power. This dual system is designed to secure the network while rewarding miners who hold their coins for at least 30 days, fostering a sense of loyalty among its users.

In the realm of real-world applications, StrongHands has carved a niche within the cryptocurrency landscape. It operates on the Ethereum blockchain, providing a platform for creators to showcase and monetize digital creations through non-fungible tokens (NFTs). This integration allows artists and creators to leverage blockchain technology for secure and transparent transactions, expanding the possibilities for digital art and collectibles.

StrongHands is also preparing to become multichain, which means it plans to operate across various blockchain networks. This development could enhance its interoperability, allowing users to engage with different blockchain ecosystems seamlessly. The potential for partnerships and collaborations on diverse networks further broadens its applicability in the digital economy.

Despite these advancements, StrongHands does not have widespread applications in traditional industries like finance, healthcare, or supply chain management. Its primary focus remains within the cryptocurrency and digital asset space, where it continues to evolve and adapt to the needs of its community.

StrongHands (SHND) emerged in the cryptocurrency landscape as a MEME coin in 2015, introduced by developer Jackson Briggs on the Bitcointalk forum. It aimed to address the perceived disloyalty within the crypto community, promoting a culture of holding, or "HODLing," which is reflected in its name. The coin's unique approach combined proof-of-stake and proof-of-work systems, focusing on energy efficiency and security enhancements.

In 2017, StrongHands experienced a significant event with a community-led takeover. This transition was spearheaded by influential figures such as Bitcoinbabys and Bumbacoin, who revitalized the project and steered it towards a new direction. The following year, 2018, marked another pivotal moment with a hard fork. This technical update was crucial in adapting to the evolving needs of the network and ensuring its continued functionality and security.

By 2019, StrongHands had undergone a substantial transformation, moving to a new blockchain with a reduced supply and return model. This shift was part of a broader strategy to enhance the coin's viability and appeal within the competitive cryptocurrency market. The project also transitioned to operating on the Ethereum blockchain, aligning itself with one of the most robust and widely-used platforms in the crypto space.

StrongHands has continued to evolve, with plans for further developments and partnerships aimed at increasing its adoption and utility. Despite its relatively low price compared to other cryptocurrencies, SHND has seen periods of volatility and growth, particularly since its all-time low in 2017. The coin's value proposition remains centered on loyalty and resilience, appealing to those who are committed to long-term holding.

The project’s motto, emphasizing the strength and perseverance required to succeed in the crypto world, resonates with its community. This ethos has helped maintain a dedicated following, even as the broader market fluctuates. As StrongHands looks to the future, its focus on innovation and community engagement remains a driving force behind its ongoing journey in the cryptocurrency realm.