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Difference between revisions of "Hydra Chain"
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The Hydra blockchain achieves transactional cost predictability through a stable gas price protocol. The gas price is governed by coin holders through a decentralized voting mechanism and is always set in fiat. An oracle monitors the price of HYDRA on exchanges and adjusts the fee settings dynamically. The result is a fixed price per transaction in USD equivalent, irrespective of the HYDRA rate, thus giving network participants and real-world business applications the stability they need. | The Hydra blockchain achieves transactional cost predictability through a stable gas price protocol. The gas price is governed by coin holders through a decentralized voting mechanism and is always set in fiat. An oracle monitors the price of HYDRA on exchanges and adjusts the fee settings dynamically. The result is a fixed price per transaction in USD equivalent, irrespective of the HYDRA rate, thus giving network participants and real-world business applications the stability they need. | ||
100% Burn of all Transaction Fees | * 100% Burn of all Transaction Fees | ||
* 50% Royalty on Gas for Smart Contract Creators | |||
50% Royalty on Gas for Smart Contract Creators | * Fixed Transaction Fees | ||
Fixed Transaction Fees | |||
===Adaptive Supply, Fixed Fees=== | ===Adaptive Supply, Fixed Fees=== | ||
High Scalability, Smart Contract Compatibility and Democratic Governance | High Scalability, Smart Contract Compatibility and Democratic Governance | ||
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Through its multiple features, Hydra offers a complete solution for a healthy ecosystem. Its transactional capacity scales dynamically when needed, while a single wallet can execute thousands of transactions in parallel. Chain settings can be voted on by HYDRA holders, thus introducing high flexibility based on democratic principles - and the ability to adapt to changing environments. | Through its multiple features, Hydra offers a complete solution for a healthy ecosystem. Its transactional capacity scales dynamically when needed, while a single wallet can execute thousands of transactions in parallel. Chain settings can be voted on by HYDRA holders, thus introducing high flexibility based on democratic principles - and the ability to adapt to changing environments. | ||
Up to 540 TPS Elastic Capacity | * Up to 540 TPS Elastic Capacity | ||
* EVM Compatible Smart Contract Platform | |||
EVM Compatible Smart Contract Platform | * Wallet-Level Scalability | ||
* Unique Decentralized Governance Protocol | |||
Wallet-Level Scalability | |||
Unique Decentralized Governance Protocol | |||
==Projects Building on Hydra== | ==Projects Building on Hydra== | ||
Hydra Blockchain supports turing-complete smart contract functionality, which allows the execution of decentralized applications on-chain. Tokens and DAPPs building on Hydra profit from gas royalty of transaction fees (passive income). | Hydra Blockchain supports turing-complete smart contract functionality, which allows the execution of decentralized applications on-chain. Tokens and DAPPs building on Hydra profit from gas royalty of transaction fees (passive income). | ||
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'''RezChain''' - Rezchain is the hotel distribution industry’s first functioning blockchain enabled technology platform allowing companies to share booking data “on the chain” in order to address mismatched information in real time. | '''RezChain''' - Rezchain is the hotel distribution industry’s first functioning blockchain enabled technology platform allowing companies to share booking data “on the chain” in order to address mismatched information in real time. | ||
'''Hydra DEX''' - Hydra DEX is the native decentralized exchange of Hydra chain, where various assets can be traded against each other through the setup of liquidity pools. Yielding trading fees to liquidity providers and Liquidity Mining Rewards. | '''Hydra DEX''' - [https://hydradex.org/#/swap Hydra DEX] is the native decentralized exchange of Hydra chain, where various assets can be traded against each other through the setup of liquidity pools. Yielding trading fees to liquidity providers and Liquidity Mining Rewards. | ||
== Sources == | == Sources == | ||