Topic: [ANN] 💦💦 HYDRO 💦💦 Security & Identity on the Blockchain - page 26. (Read 39271 times)

We have officially launched the Hydro Community Development Program. Check it out to see how you can contribute and receive HYDRO tokens!


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The Public Ledger for Financial Services



Website | Discord | Telegram | Twitter | Reddit | Blog | GitHub



Hydro allows private systems to interface with a public blockchain. We propose a new hybrid private-public model that enables financial services platforms to leverage the dynamics of a distributed, transparent, and immutable public ledger. The project focuses on particular areas where this can add value, such as authentication, identity management, document security, transactions, and artificial intelligence.






Background

Hydro is part of the parent company Hydrogen. Hydrogen is a tech platform for developers and enterprises in the financial services space. Its modular set of APIs offers digital infrastructure and capabilities to quickly prototype, build, test, and deploy sophisticated financial technology platforms and products globally.

We began an integration of blockchain tech as part of the Hydrogen platform during the summer of 2017. Our main consideration was how the Hydrogen API ecosystem, being fundamentally private, can be enhanced by a public blockchain layer. As we laid out our plans to accomplish that, we also realized that our proposed private-public hybrid model can and should be used to enhance systems of all kinds. We are excited to announce Hydro as an open technology suite, with its ongoing implementation in Hydrogen serving as a point of immediate adoption.



Design Principles

We are building Hydro on the Ethereum infrastructure, although we remain platform agnostic. We intend to leverage the thousands of developers globally that are working to make underlying blockchain technology faster, stronger, and more efficient. Hydro focuses on developing product-oriented capabilities, largely centered around smart contract functionality.

Our main design philosophy is that of augmenting off-chain systems rather than outright replacing them. We do not believe that all economic activity will or should move on-chain. Rather, distributed ledger technology can serve to enhance those underlying, fundamentally private systems in specific ways. Hydro is laser-focused on making that a reality and synergizing with the current environment, in order to facilitate real-world adoption of blockchain tech in a meaningful way and introduce the benefits of decentralization, immutability, and transparency.



What Sets Hydro Apart?

Hydro is architected as an independent parallel layer, and its value comes from various interactions between the private and public layers. This means an underlying private system does not need to change in any fundamental way or create any costly new architecture - allowing even large institutions to rapidly adopt blockchain technology beyond the proof-of-concept phase.

Additionally, Hydro is implemented natively into the Hydrogen API ecosystem, offering immediate and direct access to Hydro capabilities. Hydrogen can power many kinds of platforms and applications across the financial services sphere (investing, savings, insurance, financial wellness, etc.) and the company works with a range of clients, from individual developers up to large financial enterprises.



The Hydro Ecosystem

The goal of the project is to create an ecosystem of power-ups that platforms can leverage, in order to easily integrate blockchain technology in ways that add value. The graphic below sets out our vision for Hydro:






Raindrop

The first Hydro release deals with something that is core to all systems - authentication and security. It was conceived to provide additional protection for sensitive data that is increasingly at risk of breach. In the proposed framework, dubbed "Raindrop", on-chain operations performed via smart contract can validate access to private, off-chain systems. This validation layer complements standard private authentication and authorization protocols, such as Google Authenticator and OAuth 2.0, by acting as an additional public factor that must be satisfied before system access is granted. The worldwide developer community, through the decentralized and transparent consensus mechanisms of the blockchain, can now offer greater protection to billions of pieces of sensitive data from bad actors.

The Raindrop authentication process involves 4 entities: an Accessor trying to gain access, a System that denies or grants access, the Hydro module (off-chain), and a Hydro smart contract (on-chain). An example of a System is a REST API, while an example of an Accessor is an API developer. The diagram below depicts how these entities interact during part of the process.





Please see the white paper and website for more detailed information about how Raindrop works.



Client Raindrop

Unlike enterprises with large systems and APIs, many user-facing clients do not require every access attempt to be logged on-chain. Accordingly, we have integrated a Client functionality into our Raindrop API. This functionality creates a scalable, blockchain-based two-factor authentication for any application’s login portal. To augment this offering, we are developing a mobile app to enable users to confirm login attempts in a simple, user-friendly process. This enables a day-to-day integration of blockchain security to any client application. In congruence with our design philosophy, this process does not require more than a few simple API calls for clients.


Token Distribution for Developers

We concluded our air drop distribution to developers on 2/16, distributing 2,556,219,666 tokens to 11,208 developers. A minimum of 222,222 tokens were distributed to each developer for use in integrating Raindrop authentication and further developing with Hydro and Hydrogen. Developers can use their tokens to build blockchain-enabled applications. We encourage people to make world-changing applications using Hydro from day one!



Token Dynamics

Hydro utilizes an ERC-20 standard token. The total token supply is 11,111,111,111 (for the atomic number 1). Of those tokens, approximately 23% were distributed to the developers who successfully signed up during the rollout period described above. The remaining 27% of the initial 50% allocation for the airdrop has been moved to the repository – dedicated to helping grow the community. This portion, plus an initially allocated 20% sum to approximately 47% of the Hydro supply in the repository. We will be releasing a detailed document of our plans for the repository in the coming weeks.  The final 30% is reserved for the team.






We are very excited to launch Hydro and see the amazing ways in which it is used by developers of all kinds! Feel free to comment and ask any questions below - we look forward to engaging with the community!



Website | Discord | Telegram | Twitter | Reddit | Blog | GitHub

They are many who received 222,222 hydro one of my friend also but he did not sell his hydro until now because he aims for even 0.1$. They are so lucky to have this coin in the time when there are so many scam airdrops and phising sites to get your wallet there is a generous hydro team having a good airdrop.

Gosh there are sooo many scammers out there trying to pry you away from your coins...

yes thanks for share! there is redirect to this fake myethwallet frontpage
https://myetherwallet.com.signinverication.signmessage.karaokesepeti.com/signmsg.html#

And it seems whole scam start from their official Telegram page / website:
https://web.telegram.org/#/im?p=@anatomiatoken
https://www.anatomia.co/hydrotokenbonus/

Guys beware of scam.There is a fake airdrop is going in the name of hydro by telling 1:1 "anatomia" airdrop for hydro holders.Its a scam.they are trying to steal your private key by phishing attempt

wow! That's way too many free tokens given away as airdrop, Is like they didn't run an ICO, well, those guys who got in when the airdrop was still on are lucky though,  I personally have never gotten this much in an airdrop

Thanks for update !

Here is our developer update for this week: https://medium.com/hydrogen-api/hydro-dev-update-5-25-da095096d239 

I see this project having a lot of potential.

I have a feeling you are going to be glad you did! Just don't make the mistake of selling at the bottom.

i am buying more now lets see

The tokens with a working product will be the only ones that survive. I believe HYDRO will be one among them.

Very interesting concept, will keep an eye on it!!

I am going to try to attend their NYC meetup on June 5 2018 in midtown Manhattan to get more details.
So far it looks a very promising project and I am accumulating HYDRO.
Hopefully, it can start trading on a major exchange soon to get more attention.

yes now all depends on bitcoin if progress is up altcoin likely will follow, maybe in the future your prediction is true Hydro can reach $ 1 but takes a very long time because with total token that much seems impossible increase happened in the near future.

If the crypto market ever recovers (all depends on what happens to Bitcoin), I believe we could see HYDRO at 50 cents sometime in the future. Of course, the success of this token all depends on the success of the product behind it. The fact that there is a product behind this token, and it's one that is needed, is a big plus!

Given that the price is at such a low level after a major rise, In my opinion is worth buying.
I don't believe it's a false project, quite the opposite. Check their twitter account https://twitter.com/hydrogenapi . The team is real at least  

What I can tell you from what I researched is that they are actually building multiple products and they DIDN'T had an ICO. This was a fantastic approach!

Their Market Capitalisation is around $13 millions, it is so small! There is clearly upside into this. If you look in coinmarketcap at top 100, you will see that the coin on the position 100'th has a market cap of $130 millions and majority of them are useless, no real product. On the other hand Hydrogen team is already on it. So go figure it out  

I'm expecting the price to be at least x12 current price, in order to catch the other big market caps.

As trump would say: "This is going to be HUUUUUUGE"  

Always remember to look at the contract number on Etherscan and verify it with the creators of the token. This is the real HYDRO: https://etherscan.io/token/0xebbdf302c940c6bfd49c6b165f457fdb324649bc

i  have received 2 kind of this token few month ago! it make me comfuse that which is real HYDRO!

I just checked the list of top 20 banks in the world. I am guessing the bank is Santander Bank.
Reasons:
1. If the bank is among top 10, then the announcement would have said top 10. So the bank should range between top 10 and top 20.
2. Santander Bank seems to be a pineer adopting the blockchain technology. It is already actively testing Ripple technology and I read some news that they have released some app using the Ripple technology.