Provenance Blockchain

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.