The global demand for a platform that will facilitate developers quest to seamlessly set out blockchain in their prevailing applications, without a need to create costly infrastructure may have been developed and is still been developed to be more invaluable to users. Hydrogen is bringing to fore tangible blockchain technology that will disrupt the conventional template in fintech that will positively affect gluts of people the world over.
Hydrogen has the capacity to facilitate new and existing private structure to effortlessly incorporate and make use of the incontrovertible and transparent underlying forces of an open blockchain to facilitate practical aspects of their daily work by restructuring the application and document security, Identity management, and daily transactions.
Basically, the Hydro public blockchain enhances security through the use of unique public authentication modules and deploys a technology called Raindrop. This is one of the fundamental aspects of the Hydro, it is a service that facilitates transactions via smart contracts and authenticates private system right of entry publicly. It is good to note that it is not only that it can be used in conjunction with existing private authentication methods.
Let us have a background check on this revolutionary blockchain technology project on the Ethereum platform. Hydrogen was unveiled with the cardinal objective to reduce to the barest minimum, the gap between public blockchains and real-world businesses and e-commerce. The platform enables new and existing private systems to seamlessly integrate and leverage the immutable and transparent dynamics of a public blockchain, unlike Ripple’s partly centralized solution.
In the words of the conceptualizers; Hydro enables private financial systems to seamlessly leverage the public blockchain. According to them, cloud applications throughout the financial services ecosystem can now benefit from the power of smart contracts, creating more secure, transparent, and low-cost financial products globally.
Trusted experts in the blockchain technology are confident that Hydrogen will create a new digital economy that will enrich and empower a growing middle class, conveying fintech to gluts of people.
THE HYDRO FUNDAMENTALS
The Hydro platform has put in place an authentication process with bearings on four primary components which includes, Accessor – The agent that attempts to access a system or dApp by making use of Hydrogen APIs.
System – the gateway which is used by the Accessor to utilize the native Hydro API
Hydro – the central module that is used by the System to communicate and also interface with the blockchain and
Blockchain – the distributed public ledger that processes all internal HYDRO transactions. The blockchain contains all the internal smart contracts.
Unlike other players in the blockchain space the team that conceptualized this project has a clearly mapped our strategy to achieve their lofty objective. A critical look at the token distribution reveals path they have chosen as 25% of Hydro tokens were given out to developers earlier this 2018, and another 10% earmarked for distribution in the Hydro Community Development project. A cursory look at the trend in relation to the conventional way it is done in the crypto space leaves an inspiring picture of a group that has put rational sharing and growth of the project above other things.
Interestingly, as earmarked, 30% of the tokens belong to the team, 10% for early investors and the remaining 25% stays in the storehouse for partnerships with huge initiatives. Though gluts of people still wonder how the project is thriving with the extremely transparent and open system. Don’t ponder further; the answer is not far-fetched as it is attained by licensing their APIs to huge enterprises and assisting them with the integration of their private systems with the Hydrogen platform. Note that only the huge companies get this and do not rub off on small or medium-sized enterprises that literarily need to obtain Hydro tokens for staking as they are given free access to use these APIs without the necessity for obtaining licensing in the space.
It is good to bring your knowledge toa storehouse that contains the code that powers Hydro. The Hydro team have completely open-sourced all of their smart contracts and written all-inclusive test suites to ensure that they are secure. They have also included some best-practice sample code for programmatic interactions with users contracts. Current projects include the hydro-token-and-server-raindrop: Hydro Token and Server-Side Raindrop, client-raindrop: Client-Side Raindrop, snowflake-poc: Identity POC among others still loading.
RAINDROP
The Hydrogen cryptocurrency is meant to enhance security through the use of unique public authentication modules. It achieves this through the use of a technology called Raindrop. This technology facilitates transactions via smart contracts and also validates private system access publicly. Raindrop provides additional security to users for sensitive financial data so that private information can be insulated from third-party actors.
Furthermore, the Hydro raindrop technology is- a transaction performed through a smart contract that validates private system access publicly, and can complement existing private authentication methods. The technology is intended to provide additional security for sensitive financial data that is increasingly at risk from hacking and breaches.
Early execution of the Hydro Raindrop is performed on the Hydrogen API
Platform. This modular set of APIs is available to enterprises and developers
In the world over to prototype, build, test, and deploy sophisticated financial
technology structures and products.
Essentially, the Hydro Raindrop will be made available to the world developer community as open source software, to allow developers to integrate the Hydro Raindrop with any REST API.
Etherium A Key Functionality of HYDRO
Hydro is facilitated through Etherium a key functionality of the hydro blockchain space
Obviously, one dynamic model facilitated by Ethereum and other blockchain-based networks is that of smart contracts. A smart contract is a vital tool for building on the Ethereum infrastructure, they are self-executing blocks of code that multiple parties can interact with, cutting out the need for trusted middlemen. Basically, the code in a smart contract can be seen as comparable to the authorized clauses in a conventional paper contract, but can also achieve greatly extensive functionality.
Invariably, contracts can have rules, conditions, penalties for non-compliance, or can kickstart other processes. When triggered, contracts executes as originally stated at the time of deployment on the public chain, offering built-in elements of immutability and decentralization.
CONCLUSION:
For the first time in the blockchain space, we are abreast with a platform that has a robust short term and long term direction. Hydro will not only have the desired effect on individuals but also on global e-commerce. With an over 8000-member strong telegram community and following on other social media platforms, the project has been able to attain a massive level of publicity without any major marketing drive from the team. Every day the gluts of enthusiast and trusted experts in the blockchain space have continued to express confidence in the potency of the platform and ability to impact the world.
THE TEAM
We cannot end this piece without commending the innovative team that conceptualized this revolutionary platform starting from, MICHAEL KANE, CO-FOUNDER, CEO; MATTHEW KANE, CO-FOUNDER, CTO; ANDY CHORLIAN, BLOCKCHAIN ENGINEER; NOAH ZINSMEISTER; BLOCKCHAIN ENGINEER; ANURAG ANGARA, BLOCKCHAIN PRODUCT MANAGER; SHANE HAMPTON, HEAD OF FINANCIAL ENGINEERING, NAHOM YEMANE, COMMUNITY MANAGER and gluts of Advisors and members of the team who were instrumental to the success of this project.
To get futher insight about the hydro project,please click on the links below
Website: www.hydrogenplatform.com/hydro
Telegram: https://t.me/projecthydro
Facebook: https://www.facebook.com/hydrogenplatform
Twitter: https://www.twitter.com/hydrogenapi
Instagram: https://www.instagram.com/hydrogenplatform
Author's Github Account: Jannyh