Hydro Intro & Protocols
What is Hydro?
Project Hydro is an open-source and decentralized ecosystem which uses cutting-edge cryptography technology to secure user identities, accounts, and transactions.
Hydro aims to decentralize financial services by bringing public blockchain technology to traditional private systems. It also allows developers around the world to boost their platforms and applications with this innovative technology. As web 3.0 is our coming future and semantic web has already been used, where data is arranged and kept in such a way
that computers can easily decipher at a faster pace.
During the preliminary stage, Hydro started as an identity and security protocol, then grew into the De-Fi platform, and now it is accentuating towards becoming an NFT, GameFi, and Metaverse project.
Currently, Hydro contains 6 main Protocols- Raindrop, Snowflake, Ice, Tide, Hail, and Mist which are respectively an Authentication, Identity, Verification, Payment, Tokenization, and AI protocol. These protocols are the main core of the Hydro Ecosystem. It is also setting its sights on being a multi-chain protocol to help secure the web3 universe.
Whole ecosystem built and run at 3 different stages,
The 1st stage (bottom level) contains Blockchains (like Ethereum, BSC, Polygon, Polkadot, CoinEx Smart Chain)
The 2nd stage (middle level) contains Hydro Protocols (like Snowflake, Raindrop, Ice) and
The 3rd stage (top level) contains dApps (like Dex, Gaming, NFT)
Hydro Protocols
The Hydro protocols are the life force of the ecosystem built by a dedicated developer community. Those protocols are currently Raindrop, Snowflake, Ice, Tide, Hail, and Mist – H2O in its various forms. These phases of Hydro enable the complete ecosystem, which is required to provide a robust security tokenization implementation, covering all aspects of the tokenization process.
Raindrop
- Raindrop is an authentication protocol that vastly improves upon current 2FA standards with decentralized public blockchain security for logins, authentication, and more. Simply put, it enhances off-chain authentication protocols by incorporating blockchain to thwart system breaches and data compromises.
- An authentication protocol that is designed to secure user accounts (client-side) and databases (server-side). It vastly improves upon current 2FA standards with decentralized public blockchain security for logins, transactions, and payments.
- As precipitation gives calmness to our ambiance similarly raindrop is a convention that gives users peace of mind due to their soundness of authentication protocol.
Snowflake
- Snowflake is an Identity Protocol designed to secure private data from identity theft. Storing a unique and Immutable ‘Digital Fingerprint’ on the blockchain will frustrate hackers and provide a significant barrier to identity theft attempts.
- An Identity Protocol that is designed as a modular to protect private data from identity theft on the blockchain by providing a significant barrier to identity theft attempts and also enable projects of all flavors and varieties to access this data quickly and securely in a decentralized manner.
- A snow-capped mountain acts as a cover similar to this protocol’s etymology has been extracted just to justify its protective feature.
Ice
- Ice is a document signing and verification protocol that will allow users to stamp, authenticate, verify, and seal any document or contract to be sent. Ice brings a unique solution where you’ll be able to stamp documents on-chain as well as sign documents.
- Water freezes at 0 degrees Celsius and it becomes concrete and hard similarly Ice concord solidifies the smart contracts for the users.
Tide
- Tide allows payments to connect with an on-chain identity. It means you can power one-time payments, subscriptions, escrow payments, charge interest, and many more things in a secure and scalable fashion.
- A payment protocol that will allow for one-click authorization of debit and credit POS transactions, as well as instantaneous P2P, P2B, and B2B payments across the blockchain. Tide includes multiple protocols covering coupons, lottery, interest, gift cards, invoices, and finances.
- Tides are highs and lows of sea bodies due to celestial bodies like Moon and Sun, similarly, this payment protocol has two types of card transactions with just a single click. Now the way the tides affect a lot of climatic aspects this protocol allows transactions swiftly too.
Hail
- A tokenization protocol with a framework of Smart Contracts which works on top of the Hydro Snowflake protocol. It allows a validated Snowflake address to create standardized Security Tokens that can be issued, bought, sold, verified, transferred, paid as dividends and destroyed.
- Hail is all about the creation of standardized security tokens that can be issued, bought/sold, validated, transferred, paid as dividends, and destroyed.
- Geography taught us hails are ice rainfall similarly, hail protocols are tokens operating above the snowflake protocols.
Mist
- An AI protocol that will create data modeling of transactions to enable fraud detection on the blockchain.
- Mist focuses on marrying the critical value of AI-based insights with the power of blockchain technology. With Mist, different platforms around the world can leverage machine learning models, which are optimized in distributed networks.
- Mist is new Protocol that we've started working on it and gathering data for the prediction model as well, so it's incomplete and still in development.
- Things become translucent when double-glazed windows become misty due to the scientific definition of condensation. Therefore, the Mist AI protocol creates a guard for the users to protect them from fraudulence.