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blockchain-related tools. It was created by the Linux Foundation in December 2015, with the founding members being announced in early 2016.</p>\n<p>At the start, Hyperledger introduced two projects &ndash; <strong>Hyperledger Fabric</strong>, a codebase that included work by Digital Asset, libconsensus from Blockstream and OpenBlockchain from IBM, and Hyperledger Sawtooth, which was developed by the Intel incubation group. The Hyperledger Foundation has since become the faster-developing Linux project.</p>\n<p>The main goal of Hyperledger is to <strong>promote blockchain technology </strong>among mass enterprises. The project offers a variety of stable frameworks, tools, and libraries that can be utilized for enterprise-scale blockchain development and <strong>deployment projects</strong>.</p>\n<p>Hyperledger Foundation works on the development of permissioned enterprise blockchains. Unlike permissionless blockchain networks like <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin and <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-ethereum-eth/">Ethereum, <strong>permissioned blockchains are used in private networks</strong> and participants comply with the consensus rules. Essentially, permissioned blockchains are more centralized.</p>\n<p>The Linux Foundation set out five goals for the Hyperledger Project at its inception. The key mission was to <strong>develop an intuitive blockchain ecosystem for large-scale organizations</strong> which would allow them to interact both internally and with each other.</p>\n<p>The Hyperledger Foundation also works on promoting educational materials and events that present many market opportunities for blockchain technology implementation. The foundation aims to develop a business infrastructure that matches the innate values of blockchain technology &ndash; neutrality, openness, and being driven by the community.</p>\n<p>A <strong>strong community</strong> is one of the core values of the Hyperledger Foundation. Thus, one of the goals is to build and promote the community spirit in the development of enterprise blockchain technology.</p>\n<p>The Hyperledger Foundation has had success in bringing real-life use cases to the world. It has shown how blockchain technology can be applicable thanks to the project&rsquo;s numerous partnerships and collaborative work. From financial services to healthcare &ndash; Hyperledger aims to introduce blockchain technology into a wide scope of industries.</p>\n<p>The foundation has <strong>sealed partnerships with globally renowned brands</strong>, like IBM, Intel, and Fujitsu. Hyperledger represents one of the best-recognized blockchain ecosystems in the world. It is an ever-growing project, with new developments and launches planned ahead along with the global growth of blockchain technology.</p>","level":"medium","meta_title":"What is Hyperledger (Hyperledger Foundation)? 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Honeyminer supported mining processes for <strong>some of the most profitable cryptocurrencies</strong> and could automatically switch between different coins every ten minutes.</p>\n<p>The app would determine which <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-altcoin/">altcoins were gaining the most traction and had the lowest <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-hash/">hash difficulty. It was possible to use Honeyminer to <strong>mine numerous different</strong> crypto coins which would be converted to <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin (BTC)</strong></a>. Honeyminer was not open-source and did not provide operational transparency to its customers.</p>\n<p>Honeyminer also <strong>allowed users to mine cryptocurrencies</strong> on their personal computers without the need to build a separate mining rig. Users would participate in a dynamic <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-mining-pool/">mining pool</strong></a>.</p>\n<p>The users would run the app while not using the GPU. The pool would mine GPU-friendly altcoins. The participants would be sent BTC as <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-mining-reward/">mining rewards</strong></strong></a> into their <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-wallet/">wallets at the end of the mining session.</p>\n<p>Honeyminer provided a secure service as all the rewards would be stored in <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cold-storage/">cold storage</strong></a>. <strong>Suspicious log-ins</strong> would be reported by the developers to avoid fraud or scams. Users were also able to enable <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-two-factor-authentication-2fa/">two-factor authentication (2FA)</strong></a> to reinforce their account security.</p>\n<p>On 16 October 2021 Honeyminer officially ended its operations. The notice on the website states that the team was working on a <strong>new offering for the crypto community</strong>.</p>","level":"easy","meta_title":"What is Honeyminer? Definition & Meaning | Crypto Wiki","meta_description":"Honeyminer meaning: Honeyminer - a cryptocurrency mining app that ran until October 2021.","meta_keywords":null,"language":"en","created_at":"2022-03-17T08:50:40.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-honeyminer"},"currentChapter":"H","currentSection":"what-is-howey-test","chapterTitle":"H","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-howey-test","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">
Handbook Cover Page
Crypto Terms: Letter H

What is Howey Test?

Howey Test MEANING:
Howey Test - a test used to determine whether an asset is a security.
Easy
1 minute

Let's find out Howey Test meaning, definition in crypto, what is Howey Test, and all other detailed facts.

The Howey Test is a test created by the US Supreme Court to determine whether an asset is a security. If this is proven to be the case, the asset is then subject to specific regulations regarding its disclosure and registration, as all securities must be registered with the US regulatory agency Securities and Exchange Commission (SEC).

The SEC applies the Howey Test by determining whether a person investing their money in a common enterprise expects profits from the efforts of a third party. If so, the SEC deems the asset security.

The name derives from a 1946 Supreme Court case SEC v. W. J. Howey Co. A Florida-based citrus farm was selling investment contracts while failing to register them as securities with the SEC. According to the farm’s representatives, the contracts were not securities.

The case was won by the SEC. The Howey Test was then established as the standard to determine whether financial instruments act as investment contracts, therefore, whether they were securities.

The Howey Test can also be applicable in the crypto industry. All tokens that are deemed to be securities according to the Howey Test must be registered with the SEC.
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