HamRadioCoin or HRC is a virtual currency. It is based on a decentralized peer-to-peer payment network. It is managed by its users without any unique authority or broker. It is intended to be used by anyone but primarily targeted ham radio operators.
HRC can be used to help spread the word of ham radio to people that otherwise would not know about the hobby and to introduce ham radio operators to the world of crypto-currencies. One of the interesting aspects of HRC is that it can be used to receive or send founds via ham radio using the digital mode PSK-63. Watch this video with a demonstration on how the exchange works.
How does it work?
From the user point of view, HamRadioCoin is nothing more than an application or computer program that provides access their personal HamRadioCoin portfolio. This application allows users to send and receive HRC to vendors or other users.
The authenticity of each transaction is protected by digital signatures that match the address of the sender, allowing all users to have full control over each HamRadioCoin sent or received by their personal addresses. In addition, anyone can process transactions using the computational power of their specialized hardware for rewards. This is often called a “mining”.
For more information visit the HamRadioCoin frequently asked questions page.