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I'm trying to figure out how/when an authentication attempt ever expires? If I authenticate once, what prevents me from always being authenticated
In our smart contract we implemented a block timeout. This forces any specific address to authenticate once per day. Are you doing that on chain? How do you track when a day has passed from a block? Or do you do it in the API level |
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I'm trying to figure out how/when an authentication attempt ever expires? If I authenticate once, what prevents me from always being authenticated
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quote author=ProjectHydro link=topic=2778123.msg29883253#msg29883253 date=1518118270] The pitch seems similar to other finance-focused projects like ripple/stellar. What's going to separate it from those
I think the biggest difference is that xrp/xlm are more focused towards payment systems. Hydro seems to be more focused on finance as a whole. XRP and XLM are definitely geared toward payments solutions, but XLM also seems to be building more of a platform (with tokens being launched and FairX exchange, etc). At the end of the day, they are both protocols designed for large-scale payment processing and they offer tangible benefits for financial companies in terms of operational efficiency and speed. It does seem like they might be targeting the same kinds of companies as Hydro though The functionality of Hydro is very different from Ripple and Stellar. We are building a more diverse set of products rather than building our own protocol or focusing on the actual mechanisms of token transfer. In terms of general design, the main differentiator is the hybrid private-public model Hydro promotes. It adds blockchain as a separate layer to off-chain systems and integrates the two, so companies don't need to rebuild their systems from the ground up with blockchain (and waste tons of money and time). This is how we think blockchain will get adopted in the real world more readily. So it seems like then hydro might be targeting a different demographic than the other two since they require more of a completely restructuring of any application currently used right? Are there any other tokens focused more in this area like hydro is? Now that I think about it, Hyperledger is probably the most direct competitor. If I was a big business I'd probably be looking at Hyperledger because they offer more custom solutions to integrate blockchain for w/e I need and they'll work with my current infrastructure. So it's along the same lines as Hydro Brings up an interesting thought about IBM - they are building apps with Stellar but also one of the main funders of Hyperledger Most of the implementation that Hyperledger/IBM do will be private blockchains (i.e. chains in which ownership of nodes is centralized). This was a key point of consideration for us when building Hydro - we firmly believe that the concept of a "private blockchain" is self-defeating in many ways, and offers little benefit beyond traditional databases and other off-chain protocols. The hybrid private-public paradigm we are putting forth attempts to create a win-win, where enterprises maintain control over their private systems while being able to access the key benefits offered by a public ledger (such as transparency, security, and decentralization). Yeah I feel like big banks and stuff like that wont want to use public chains because they are then unable to keep private user data private. I could see something that allows banks to keep most data private would be useful I agree with you here. There's already been huge pushback from banks about public ledgers. Ripple tried to solve that with gateway (centralized) nodes, but it doesn't look like a viable long-term solution. This hybrid system probably makes the most sense for adoption, either that or we get some way to make on-chain data private without slowing down transaction times (which seems unlikely for now). Definitely interesting stuff here with Hydro, I'll have to keep an eye on where this goes It makes sense from the enterprise's perspective, and we understand that. It's a huge liability to have potentially sensitive data floating around on a publicly available ledger. With that being said, Hyperledger is definitely a competitor for Hydro. [/quote]Ethereum scaling might be a problem in trying to compete with Hyperledger Fabric |
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The pitch seems similar to other finance-focused projects like ripple/stellar. What's going to separate it from those
I think the biggest difference is that xrp/xlm are more focused towards payment systems. Hydro seems to be more focused on finance as a whole. XRP and XLM are definitely geared toward payments solutions, but XLM also seems to be building more of a platform (with tokens being launched and FairX exchange, etc). At the end of the day, they are both protocols designed for large-scale payment processing and they offer tangible benefits for financial companies in terms of operational efficiency and speed. It does seem like they might be targeting the same kinds of companies as Hydro though The functionality of Hydro is very different from Ripple and Stellar. We are building a more diverse set of products rather than building our own protocol or focusing on the actual mechanisms of token transfer. In terms of general design, the main differentiator is the hybrid private-public model Hydro promotes. It adds blockchain as a separate layer to off-chain systems and integrates the two, so companies don't need to rebuild their systems from the ground up with blockchain (and waste tons of money and time). This is how we think blockchain will get adopted in the real world more readily. So it seems like then hydro might be targeting a different demographic than the other two since they require more of a completely restructuring of any application currently used right? Are there any other tokens focused more in this area like hydro is? Now that I think about it, Hyperledger is probably the most direct competitor. If I was a big business I'd probably be looking at Hyperledger because they offer more custom solutions to integrate blockchain for w/e I need and they'll work with my current infrastructure. So it's along the same lines as Hydro Brings up an interesting thought about IBM - they are building apps with Stellar but also one of the main funders of Hyperledger Most of the implementation that Hyperledger/IBM do will be private blockchains (i.e. chains in which ownership of nodes is centralized). This was a key point of consideration for us when building Hydro - we firmly believe that the concept of a "private blockchain" is self-defeating in many ways, and offers little benefit beyond traditional databases and other off-chain protocols. The hybrid private-public paradigm we are putting forth attempts to create a win-win, where enterprises maintain control over their private systems while being able to access the key benefits offered by a public ledger (such as transparency, security, and decentralization). Yeah I feel like big banks and stuff like that wont want to use public chains because they are then unable to keep private user data private. I could see something that allows banks to keep most data private would be useful I agree with you here. There's already been huge pushback from banks about public ledgers. Ripple tried to solve that with gateway (centralized) nodes, but it doesn't look like a viable long-term solution. This hybrid system probably makes the most sense for adoption, either that or we get some way to make on-chain data private without slowing down transaction times (which seems unlikely for now). Definitely interesting stuff here with Hydro, I'll have to keep an eye on where this goes |
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The pitch seems similar to other finance-focused projects like ripple/stellar. What's going to separate it from those
I think the biggest difference is that xrp/xlm are more focused towards payment systems. Hydro seems to be more focused on finance as a whole. XRP and XLM are definitely geared toward payments solutions, but XLM also seems to be building more of a platform (with tokens being launched and FairX exchange, etc). At the end of the day, they are both protocols designed for large-scale payment processing and they offer tangible benefits for financial companies in terms of operational efficiency and speed. It does seem like they might be targeting the same kinds of companies as Hydro though The functionality of Hydro is very different from Ripple and Stellar. We are building a more diverse set of products rather than building our own protocol or focusing on the actual mechanisms of token transfer. In terms of general design, the main differentiator is the hybrid private-public model Hydro promotes. It adds blockchain as a separate layer to off-chain systems and integrates the two, so companies don't need to rebuild their systems from the ground up with blockchain (and waste tons of money and time). This is how we think blockchain will get adopted in the real world more readily. So it seems like then hydro might be targeting a different demographic than the other two since they require more of a completely restructuring of any application currently used right? Are there any other tokens focused more in this area like hydro is? Now that I think about it, Hyperledger is probably the most direct competitor. If I was a big business I'd probably be looking at Hyperledger because they offer more custom solutions to integrate blockchain for w/e I need and they'll work with my current infrastructure. So it's along the same lines as Hydro Brings up an interesting thought about IBM - they are building apps with Stellar but also one of the main funders of Hyperledger |
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The pitch seems similar to other finance-focused projects like ripple/stellar. What's going to separate it from those
I think the biggest difference is that xrp/xlm are more focused towards payment systems. Hydro seems to be more focused on finance as a whole. XRP and XLM are definitely geared toward payments solutions, but XLM also seems to be building more of a platform (with tokens being launched and FairX exchange, etc). At the end of the day, they are both protocols designed for large-scale payment processing and they offer tangible benefits for financial companies in terms of operational efficiency and speed. It does seem like they might be targeting the same kinds of companies as Hydro though |
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The pitch seems similar to other finance-focused projects like ripple/stellar. What's going to separate it from those
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This looks impressive actually. I'm used to seeing shitcoins and scams, this is honestly a breath of fresh air.
How exactly does the private stuff off the chain interact with the blockchain? Why do you use Ethereum? I really like this project, the private-public hybrid concept is interesting
Thank you! We really appreciate the kind words. We have developed an API that acts as an oracle to our smart contract. We hope that this makes it as easy as possible to use because it just requires a few REST calls. As for why we use Ethereum, we believe it has the potential to be a long lasting platform in the space, but we are keeping our options open and paying close attention to all platforms and how they handle scaling. If you want some more detailed answers about the tech feel free to pm me or ask on our telegram! So if I want to authenticate a REST API, I basically have to set up shell endpoints that route to your API? If so, that sounds simple enough. Thanks for the clarification |
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This looks impressive actually. I'm used to seeing shitcoins and scams, this is honestly a breath of fresh air.
How exactly does the private stuff off the chain interact with the blockchain? Why do you use Ethereum? I really like this project, the private-public hybrid concept is interesting
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