[ANN] 💦💦 HYDRO 💦💦 Security & Identity on the Blockchain

[cryptocracy0101]

Wow thats pretty powerful that it get so many votes on Codex. Also it got listed on Mercatox as well right?

Yes it did!

[fvderblvck]

What role does the Hydro token play in the Hydro ecosystem, for example in using Raindrop?

[HydroAndy]

What role does the Hydro token play in the Hydro ecosystem, for example in using Raindrop?

In raindrop, the hydro token is used as a means of authentication. When a system (say a website) needs to access something like an API they will need to send hydro to authenticate themselves. The smart contract knows to expect a certain amount of hydro and along with some other data that it will carry along in the transaction. As we build out our hydro ecosystem it will have many more uses, but this is the first of those use cases.

[ch_mubarak]

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UPDATE: March 15, 2018
The redistribution of Hydro is complete!
Please see this post for details on the redistribution.


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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. As of today, developers can sign up for Hydrogen in order to use their tokens to build blockchain-enabled applications.

Hydrogen is a platform built by developers for developers, and there is no cost to sign up. We encourage people to make world-changing applications using Hydro from day one, with no barriers.



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 treasury – dedicated to helping grow the community. This portion, plus an initially allocated 20% sum to approximately 47% of the Hydro supply in the treasury. We will be releasing a detailed document of our plans for the treasury 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

[fvderblvck]

What role does the Hydro token play in the Hydro ecosystem, for example in using Raindrop?

In raindrop, the hydro token is used as a means of authentication. When a system (say a website) needs to access something like an API they will need to send hydro to authenticate themselves. The smart contract knows to expect a certain amount of hydro and along with some other data that it will carry along in the transaction. As we build out our hydro ecosystem it will have many more uses, but this is the first of those use cases.

Beautiful.

[HydroShane]

Check out Hydrogen's presentation from Finovate 2018: Hydrogen Finovate 2018!

[ch_mubarak]

Good project

[kevingreen]

Has the potential to be the biggest project of 2018-2019

Yes I agree with you because Hydro is a unique project, and what is more it does not have any competitor in the industry right now, just like the way token based projects use ETH so, developers around the world  need Hydro . So, the demand of Hydro will soon skyrocket.
So,those holding Hydro are holding gold.  Hydro is a digital gold so, buy and HODL !!

[ipanda]

Hydro is now traded at mercatox. come and see it yourself

[rosygreat1]

Hydro is a very good project.

[ChadTimmons]

2018 is Hydro's year. I cant wait to see what the future brings for this project. One of the only up and coming projects to have real revolutionary technology in the cryptosphere. Massively underated in my opinion. You'll see this coin moon like no other,

This project was made to be private, so no coins could be bought via exchange but due to an increase in demand from us the public, were now getting to trade this token freely, something I only ever dreamed of! Anybody who is a developer and even those that arent should read about this project, their ideas and goals are absolutely visionary

[holdmycoins]

I am supporting this coin since the beginning and this is because of team. When you check them you see this team is great. They are smart and know what to do. I am still supporter of this project.

[oliversh]

Is $Hydro going to be base protocol of the financial sector the way $Lif is planning to be for the travel sector?

Disclaimer: I have bags of both

[HydroAndy]

Is $Hydro going to be base protocol of the financial sector the way $Lif is planning to be for the travel sector?

Disclaimer: I have bags of both

Our goal is to be the go to protocol for the finance sector! We plan to do this by creating something that is easy to use while also being very powerful

[Jollyvinayak]

What's  the major  difference  between  Hydro  platform  and others.... Means  guide  me about  the future aspects.... How this project  is going to create difference.

Also is Hydro  is similar  to Eitherum  as it is also an ERC20  token...

[HydroAndy]

What's  the major  difference  between  Hydro  platform  and others.... Means  guide  me about  the future aspects.... How this project  is going to create difference.

Also is Hydro  is similar  to Eitherum  as it is also an ERC20  token...

Hydro is an ERC-20 token. What we believe separates Hydro from its competitors is our focus on usability. We are build a system of APIs that allow users to easily interface with our logic that is on the Ethereum blockchain. This doesn't require a massive overhaul of existing systems like many other coins do.

[gerassyk]

Hello! List companies with whom you plan to cooperate in the near future. Thank you.

[bodeng]

you need to add a roadmap for this project so that participants are interested in joining and not confused in following this project.

[HydroAndy]

you need to add a roadmap for this project so that participants are interested in joining and not confused in following this project.

This can be seen here https://medium.com/@hydrogenapi/hydro-project-snapshot-600d3cf432e9

[silenteagle]

The future is bright and the team is a really hardworking project.