Difference between revisions of "Hydra Chain"

Hydra Chain (view source)

Revision as of 10:54, 8 May 2022

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Undo revision 2078 by Planetoid2001 (talk)

Planetoid2001

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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.
-* Fixed Coin Transaction Fees of $0.20
-* Fixed Token Transaction Fees of $0.50
 * 100% Burn of all Transaction Fees
 * 50% Royalty on Gas for Smart Contract Creators
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 '''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. Certain Assets from the Ethereum Blockchain can be migrated onto the Hydra Chain via the [https://bridge.hydrachain.org/eth Hydra Bridge] and you can earn [https://medium.com/hydra-chain/hydra-dex-campaign-goes-live-with-500-apy-425fb4c661c3 Liquidity Mining rewards] with upto 100%+ APY in addition to the regular 0.3% Liquidity Provider Rewards
-== The Backstory ==
-Back in 2018, the team behind the project LockTrip (A worldwide travel / Hotel deals aggregator) has published a document labelled [https://locktrip.com/blockchain/manifest_0.9.pdf  “LockTrip Blockchain Manifest”] which has become the fundamental design document of the Hydra Chain. The document was based on actual hurdles that Real world businesses are facing and were encountered as part of the development of the LockTrip DaPP for example TPS, Decentralization, Unpredictable Transaction Fees, Environmental and Economic Sustainability to name a few
-The philosophy behind Hydra is to implement critical economic features while utilizing
-proven technology for data transmission. Hydra is a permissionless, open-source,
-proof-of-stake blockchain built on top of open-source projects QTUM, Bitcoin, Ethereum
-and BlackCoin’s PoV v3, designed by Pavel Vasin. Hydra is supercharged with a number of
-unique economic features and a truly decentralized architecture.
 == Sources ==
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 . https://medium.com/hydra-chain/hydra-dex-campaign-goes-live-with-500-apy-425fb4c661c3
+[[Category:Chain]]