Haven Protocol Wallet

What is Haven Protocol?

Haven is an untraceable cryptocurrency with a mix of standard market pricing and stable fiat value storage. This is achieved without an unsustainable peg or asset backing. It achieves this with a dual coin blockchain. Users can mint and burn Haven [XHV] for the equivalent USD value worth of Haven Dollars [XHVD].

Haven Protocol’s cryptographically unknown supply is used to facilitate the fluctuations in the total supply when users burn Haven [XHV] to create the stable value Haven Dollars [XHVD], while allowing Haven [XHV] to be exposed to the natural price movements of the market.

Offshore Storage:

Offshore Storage is Haven Protocol’s core concept that powers the minting and burning of Haven [XHV] for Haven Dollars [XHVD] and vice versa. In short, sending Haven [XHV] to offshore storage (burning), mints the equivalent USD value worth of the burnt Haven [XHV] in Haven Dollars [XHVD].

Each Haven Dollar [XHVD] is a representation of $1 USD ‘worth of Haven’ which can be transferred to other Haven wallets. Users can also burn their Haven Dollars [XHVD] to mint back the amount of Haven [XHV] of equivalent value.

When a user burns Haven and mints it back at a later date, they will net a different amount of Haven [XHV] if the price of Haven has changed. If Haven’s [XHV] price increases, they will net less Haven [XHV]. If the price decreases, they will net more Haven [XHV]. In both cases they will have the same amount of USD worth of Haven.

The key use cases for offshore storage are:

Point of sales/payment gateway systems where goods can be bought with Haven and stores can immediately lock the USD/fiat value in to protect from price fluctuations. This has the added benefit of keeping the stores'' business and income completely hidden on the blockchain as neither their wallet address or amounts are revealed.

Storing large amount of money outside of the traditional banking system. Privacy focused cryptos are perfect for this but without a reliable way to maintain value through fluctuations the process of holding could be costly. Sending Haven offshore quite literally creates cryptographically untraceable US Dollars.

Untraceable | Hidden | Decentralized

Haven uses ring signatures, ring confidential transactions and stealth addresses meaning payments cannot be tracked or linked back to any user.

Wallet addresses and transaction amounts are completely obfuscated on the Haven blockchain making all activity invisible.

The Haven Protocol is decentralized and open source meaning no central control over the network. Nothing is censored.