Prior to the inception of cryptocurrencies, transactions were limited to certain institutions and as such, limiting freedom of transaction. With cryptocurrencies in the picture, transactions has been made easier as it provides freedom for one to create accounts with fast and low cost transactions.
Hybrix came with the sole aim of providing solutions to these concerns by making personal finance accessible for everyone.
Hybrix is a multi-blockchain platform that allows freedom of transaction by letting value flow freely across all different ledgers with the first cross-ledger token.
As a platform, hybrix proposes a means to interconnect most ledger technologies and hereby safeguard and expand ones freedom of transaction. Hybrix provides several methods to easily interact with distributed ledgers and data sources.
With hybrix, one has the right to freedom of transaction i.e to freely transfer value whenever and however one sees fit, in either physical or digital form.
HY TOKEN
HY operates on a second-level token protocol that can transact units of account on a single ledger, or between a vast number of DLTs. Its transactions are stored on the DLT involved. This gives its users the advantage of using the ledger system that best suits their needs.
HYBRID is a utility token for the Internet of Coins open platform, and XHY is the tracker for the HYBRID token on the different blockchains.
HYBRID tokens will serve as a vehicle to swap value from one blockchain to another without a centralized party and also diversify portfolio risk across different blockchains.
They provide a coherent store of value across multiple blockchains, diversifying risk. Secondly, they will serve as the vehicle to swap value between the different chains they are registered on. This will allow one to exchange value with users without the need for a centralized external third party. The network can split and divide escrow transactions, swarming them over network users to confirm transactions.
HY is the first multi ledger token to create freedom of transactions. The hy token will be used as a store of value and as a currency for token sales.
FEATURES OF HY TOKEN
Freedom of transactions
One token on all chains. Technically borderless, not restricted to any single distributed ledger. All chains in one solution.Choose the ledger you want
The hybrix token is a cross-ledger colored coin: technically borderless, not restricted to any single distributed ledger.Utilize the strengths of all ledgers
Every distributed ledger and blockchain has its own strengths. The hybrix token gives access to all these benefits as it exists on top of all distributed ledger systems.Switch whenever you want
The open hybrix protocol enables free transport of value between all distributed ledgers. A welcoming addition next to the possibilities of atomic swaps and DEXes.
HYBRIX WALLET
This is a simple and secure online cryptocurrency wallet that supports 32 blockchains and 389 tokens.
Hybrix wallet was built to use a deterministic master key: when a new wallet is created, the user's randomly created master key automatically creates addresses on all supported blockchains. With transactions users can easily select this specific blockchain address in their wallet, making Sending and receiving transactions easy and hassle free.
Hybrix wallet gives users full control over their own wallet and runs locally on their device. This online wallet can be also be used in users browser on any device.
The wallet uses the safest open source Networking and Cryptography library (NaCl). This platform runs locally in ones browser and encrypts all data. When a user logs in on the wallet, all the actions are client side encrypted, and the platform doesn't store any of the datas. Hybrix Wallet aids in creating a safe environment for your cryptocurrency assets.
FEATURES OF HYBRIX WALLET
Simple and easy to use
Products don’t need to be complicated. The wallet is easy to use and offers advanced features for professional users.
Secure and decentralised
Hybrix technology runs decentralized and locally on the device of the user and connects to a network of nodes (for your wallet settings) and blockchains (for your coin balances). Unlike most crypto exchanges, none of users keys are stored on hybrix servers.
Aim to support all cryptocurrencies
Hybrix believes in a diverse and plural crypto-ecosystem and aims to support all non-proprietary blockchains and tokens into its decentralized network.
Non-profit and open source
Internet of Coins (HYBRID) was founded as a non-profit organization, and the programming code to make this platform possible will become open source.
HOW TO CREATE A HYBRIX WALLET
To create a hybrix wallet these steps are to be followed:
GENERATE A SECURE LOGIN
Move your mouse or swipe your screen to create a very secure random account ID and password.
SAVE YOUR LOGIN IN A SECURE PLACE
You are responsible to store your account login in a secure place, we do not store any data on our servers and thus can’t recover your login.
TRANSFER YOUR FIRST CRYPTO COINS
To transfer your crypto coins to the wallet: go to Assets > Receive Transaction and copy the displayed address.
CONCLUSION
By design hybrix is open and transparent, as transactions can be created and signed client-side and sent peer-to-peer among users. Also, Hybrix is assisted, endorsed and supported by household names in the industry like Lisk and Internet archive and supports 389 tokens on 32 chains.
For more details about Hybrix, visit:
Website: https://hybrix.io
Telegram: https://t.me/hybrix_io
Twitter: https://twitter.com/hybrix_io
GitHub: https://github.com/hybrix-io
Riot: https://riot.im/app/#/room/#hybrix:matrix.org
Author: GodRACE