Review on Hydro by francis fernandez
fostering chain integration to diversify blockchain services
Public networks offer greater security and breadth of functions due to the decentralized form of their infrastructure. Because of this, the founders developed HYDRO.
HYDRO promotes the migration of private protocols to the public chain, in order to promote an ecosystem of total transparency. To do this, it implements a system known as Raindrop, which is in charge of publicly verifying and authenticating the incorporation of private protocols through the use of a smart contract.
What benefits does Raindrop technology bring to the HYDRO network?
Increases security in the handling of financial information against possible fraud or malicious use
It allows to diversify the creation of multiple services and innovative financial solutions
It offers developers the opportunity to access its open source to use the chain with total freedom and create new projects and incorporate all kinds of REST applications.
What products can HYDRO users enjoy?
Portal for access to social networks
Multimedia services
Digital gateway for asset transfer
Secure identity validation mechanism
Platform to exchange digital assets safely
Financial services applications
Secure mechanism for storing documents
Fintech services applicable to insurance operations, investments, among others
Efficient smart contracts
According to this analysis, HYDRO intends to consolidate the benefits of private services with public platforms, in order to offer a more secure and multifunctional ecosystem, through the use of cutting-edge technology.
Pros
- Promotes the migration of private protocols to your network
- Promotes the transparency of the public network
- Contributes to the integration of various blockchain services in your network
- Offers its chain as an inexpensive tool for creators
Cons
- Currency not available
- Cryptographic protocol subject to volatility
