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Review on Hydro by francis fernandez

Revainrating 3 out of 5

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