This architecture will make transactions become real time as well as global when the native cryptocurrency network is put into operation as it is superior to the first generation blockchains as well as the traditional payment methods such as the interbank fund transfers. But the Protocol design is unlike any other digital currency protocol in such a way that it will enable currency agnotistic operations which is an essential quality into solving the major problem facing the global payments and this will mean that users will not be required to transact in the traditional protocols but can do virtually in any currency in such a way that it will decrease the costs to minimal transaction fee as compared to the traditional banks or any other asset transfers. It will also enable virtually real-time transaction settlements. The options that will let users decide to use or not use the traditional currency of the blockchain will enable HydraNet to be a global payment gateway, enabling communication between HydraNet and the external bridge entities that operate in a traditional fiat currencies or any other assets that enable payments or transfer of any assets of value over the internet by using the HydraNet with or without its native digital asset.
The decentralized exchange for virtually any assets
Based on studies conducted on real-life examples, the choice of certain architectures in the protocol will offer a near real-time-settlement within a few seconds. Faster speeds are already possible in our initial stages through the testing of certain concepts. The protocol is intended in such a way to accommodate the transfer of any asset of value that will essentially run as a decentralized currency exchange. This is not common, and it is unlikely in the normal cryptocurrency and other exchanges. With the capability of the routing script each international transaction it will oricde more advantages to the FX bid or ask spread available in the network offered by its exchange or the market making a bridge of users or any other contributions to the HydraNet ecosystem entities.
The replacement of the old financial traditional structures
Provided with the nature of the HydraNet blockchain as a global value transfer network that included the global fund transfers, the elements of the Hydra Protocol will let it perform better the operations that were previously handled by the traditional interbank fund transfers such as SWIFT. SWIFT runs on an outdated technology that does not suit the needs of the global online payments and other value transfers. HydraNet will replace all traditional time and resource consuming systems that are used by traditional banks and other payment methods that lead to additional costly layers upon traditional funds transfers or payment card systems. In future, no one will need to use these traditional methods which require a user to pay multiple fees while encountering multiple delays.
The disappearance of transaction counterparty risks
The era of real-time global payments has arrived, and it will be offered by the HydraNet works differently from the traditional payments. In additional words, there is no counterparty risk as all the operations within the HydraNet and its native digital assets will be independent of any institution or company or any other central authority that could be vulnerable to attacks. And there for HydraNet is safer than any other traditional payment networks.
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