The Hyperspace network is a global storage marketplace powered by the Space Cash cryptocurrency. Hyperspace uses revolutionary blockchain technology to achieve 3 goals: a low cost of storage, fast transfer speeds, and private storage.
3 billion Space Cash was generated before the network’s public launch for a founder’s reward, 600 million was generated in the genesis block for contributors to the Sia and Hyperspace ecosystems (as Hyperspace began as a fork of the Sia codebase), and another ~3.5 billion was generated as a 10:1 airdrop to holders of Siacoins.