The HydraNet blockchain will have 12 original hyper nodes, the ‘heads of Hydra’ to generate the genesis block and kick off the blockchain, which will then organically grow into n nodes of eventual full decentralization, just like two heads of Hydra replacing any head cut off. The node IP addresses will be obfuscated for further security so that they cannot be attacked. A Byzantine Fault Tolerant Hydra Consensus Protocol lays out the rules for the network operation, incl. eventual smart sharding for max scale.
While the Hydra Ecosystem operates in a self-contained manner with its native digital asset or cryptocurrency through its native entities such as the native wallets and integrated decentralized digital asset exchange, the “bridge entities” connect the ecosystem with the traditional economy, and hold balances in non-native assets being digitized / tokenized for the blockchain operating as a global value transfer network, enabling transfer of any item of value.
The HydraNet dapps leverage the potential of the HydraNet blockchain to provide decentralized products and services through applications that replace what banks, payment firms and networks, payment card schemes and other financial services providers do today in a centralized manner – the HydraNet dapp ecosystem will focus on financial applications to become the platform for global finance, while other types of dapps will be built on the enterprise platform.
Instant transactions. Global volume.