Hatch
Hatch is an open source cryptocurrency and is a form of decentralized autonomous organization (DAO) run by a subset of users, called “masternodes”. It is an altcoin that was forked from the Bitcoin protocol. The currency permits fast transactions that can be untraceable. 45% of mined coins go to miners, 45% to masternodes, and 10% into a fund that the DAO invests.
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History
The currency was launched in October 2018, as a fork of the Bitcoin protocol.
Consensus
As of 2019 coins were mined using a proof of work algorithm with a hash function called “X11”, with eleven rounds of hashing, and the average time to mine a coin was around two a half minutes.