HASH
Provenance Blockchain
Provenance Blockchain
HASH
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Hash (HASH) is the native token of Provenance Blockchain, a network optimised for regulated financial services and digital asset issuance. HASH is required for executing transactions, paying fees, staking for consensus, and participating in governance. It also supports smart contract deployment via the ProvWasm engine and powers decentralised identity and metadata functionality. Every account must hold HASH to interact with the chain, and all computational resources are priced in gas paid in HASH. The token plays a key role in enabling trustless, auditable financial operations across a distributed ecosystem.
Hash (HASH) is the native token of the Provenance Blockchain, an open-source, public, permissionless blockchain designed to support regulated financial services and asset tokenisation. Built on the Cosmos SDK and using Tendermint consensus, Provenance Blockchain is tailored for high-throughput, deterministic applications where privacy, compliance, and verifiability are essential.
HASH functions as the economic unit of the network, providing the basis for transaction processing, consensus participation, and module-level interactions. It exists in a base denomination called nhash, where 1 HASH = 1,000,000,000 nhash.
To interact with Provenance Blockchain—such as sending transactions, executing contracts, or querying state—an address must hold HASH. These addresses are derived from public keys using the Bech32 format, with network-specific prefixes (tp for testnet, pb for mainnet).
HASH is used for:
- Gas and Transaction Fees: All operations on Provenance Blockchain consume gas. Fees are paid in HASH based on gas used and the gas price offered.
- Consensus and Staking: Validators stake HASH to secure the network and produce blocks. Users may delegate HASH to validators and share in rewards.
- Governance: HASH holders participate in protocol governance by voting on proposals, including software upgrades and parameter changes.
- Contract Execution: Executing or instantiating smart contracts via ProvWasm modules requires payment in HASH.
- Value Transfers: HASH is used in on-chain transfers and can be exchanged between accounts like any native asset.
HASH was introduced with the launch of Provenance Blockchain, a blockchain network initiated by Figure Technologies, Inc.. The network and token were developed to support blockchain-based financial services infrastructure, enabling regulated entities to issue, manage, and exchange tokenised assets.
Figure Technologies contributed to the early development of the blockchain and its smart contract tooling, but the network operates as a decentralised public chain. HASH issuance, staking dynamics, and governance are managed on-chain by token holders and validators.
