In 2018, the creators of LockTrip released a document called the "LockTrip Blockchain Manifest" which laid the foundation for the Hydra Chain. This document drew from the challenges faced during the development of the LockTrip DaPP. To find the optimal solution, the team adopted an incremental approach and built Hydra on existing open-source technology that has proven successful in other prominent blockchains like Bitcoin Cash, Litecoin, and Qtum, among others.
The philosophy behind Hydra is to combine essential economic features with reliable data transmission technology. It is an open-source, permissionless, proof-of-stake blockchain that utilizes open-source projects such as QTUM, Bitcoin, Ethereum, and BlackCoin's PoV v3, which was designed by Pavel Vasin. Alongside its unique economic characteristics, Hydra encourages stakeholders and market participants to contribute to its truly decentralized architecture.
Hydra implements fixed transaction fees in USD, which are calculated dynamically based on market prices. This offers businesses on the blockchain predictable costs and minimizes the risks associated with building a business on the platform. Additionally, Hydra includes a gas royalty feature that shares 50% of transaction fees with smart contract creators, fostering a fair incentive structure and making the chain highly appealing for developers.
For more information, you can visit the Hydra website at: https://hydrachain.org/
For those who want to download the Hydra logo, we have
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