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Hcash is the cryptocurrency of a distributed ledger which links block-based and blockless blockchain systems. Our intention is to create a new decentralized and distributed ledger system that will bridge the gap between blockchain-based or blockless systems, thereby allowing value and information to be circulated freely between different blockchains. In addition, just as Bitcoin serves as the tools of exchange for goods or services in blockchain-based system, we also need a type of asset in the newly invented system that can reflect the value of goods or services objectively. As to the new store of value, we call it HyperCash (hereinafter referred to as Hcash).