What is Hydranet (HDN)? Hydranet is a Decentralized Autonomous Organization building the Hydranet DEX, a Layer 3 trading platform that brings together the worlds of Bitcoin and Ethereum using Layer 2 off-chain protocols such as the Lightning Network and the Connext Vector Network. Hydranet’s novel exchange technology allows users to trade seamlessly between Bitcoin and EVM-based blockchains without relinquishing custody of their funds, with near instant settlement times, and for low costs. The Hydranet DEX includes a limit order book, which is hosted by the Hydranet Network, and a built-in multi-currency light wallet that allows users to store both BTC and EVM-based assets. Trades on the Hydranet DEX are executed off-chain, fully peer-to-peer, and are secured using hashed timelock contracts meaning either both peers or no peer receives the agreed upon funds. Since Layer 2 off-chain protocols are scaling solutions for Layer 1 blockchains, users will always remain in full custody of their private keys. Hydranet released the first version of the Hydranet DEX on the 23rd of September 2023. This version is delivered as a downloadable desktop client and offers a user-friendly interface, seamless trading experience, and robust security features. Hydranet is actively working on an upgraded version of their DEX, a platform agnostic web version which will be readily available from the browser. The web version will inherit all the commendable components of its desktop counterpart as well as Hydranet’s in-house EVM off-chain protocol, Lithium. What powers the Hydranet DEX? The Hydranet DEX is powered by the Hydranet Network, an infrastructure overseen by two distinct actors: TItans and Guardians. Titans take on the responsibility of ensuring the network’s continuous operation. They achieve this by hosting the exchange’s limit order book, offering rental liquidity, and acting as a matchmaking engine between trading peers. Guardians, on the other hand, take on the responsibility of upholding the network’s integrity. They actively monitor the behavior of both traders and Titans to ensure that they comply with the network’s rules, and take appropriate measures to penalize those who violate these rules. Both Titans and Guardians require a collateral in the form of HDN to participate in their respective roles. In return for their services, they become eligible to receive a share of the trading fees generated by the Hydranet DEX. What makes Hydranet Unique? Hydranet effectively addresses the critical challenges associated with self-custody, transaction times, transaction costs, and scalability. When it comes to decentralized trading directly on the blockchain, using Automated Market Makers (AMMs) is a popular choice for trustless trading. However, it often comes with the drawback of high blockchain fees and prolonged transaction times due to the scalability limitations of many blockchain networks. As an alternative, traders can opt for centralized exchanges, which often offer user-friendly interfaces, fast transaction times and low trading fees. The convenience they provide, unfortunately, comes at the cost of relinquishing custody of user funds and leaving them entirely in the hands of the centralized exchanges to do whatever they want with. This issue has been exemplified by the FTX incident, which is reported to have negatively impacted over 1 million crypto users. Unlike today’s centralized and decentralized exchanges, the Hydranet DEX offers a unique solution to the challenges previously presented. First and foremost, the Hydranet DEX operates on a trustless basis, meaning users always retain control of their funds, eliminating the risks associated with third-parties. Moreover, the Hydranet DEX leverages off-chain technologies to enhance transaction times and reduce costs significantly. By keeping the transaction process off the main blockchains, trades are executed near-instantly and for minimal fees, even cross-chain, in contrast to the high fees and slow transaction times experienced using many decentralized exchanges operating directly on the blockchain. Lastly, when it comes to scalability, the Hydranet DEX is designed to scale indefinitely. A key element for this is Hydranet’s decentralized execution of trades. Unlike conventional solutions, where a centralized entity typically executes the trade, in the Hydranet DEX, the trade execution is distributed among the trading peers themselves. The Hydranet Network assists in matching trading peers but leaves the rest in the hands of the peers to automatically execute the trade without user intervention.
Hydranet is ranked #1815 by market capitalization. Currently the HDN market cap exceeds 7,9K+ Binance Coin. By market capitalization it is ranked #1815. Daily trade volume is 38.782374 BNB.
The Hydranet price today in BNB is 0.00004905. Through the Hydranet price history, the price ranges from 0.00079778 BNB (all time high) to 0.0000282 BNB (all time low). Hydranet price last 24 hours fluctuated from 0.00004917 BNB (24h high) to 0.00004743 BNB (24h low).
Check the Hydranet value today and exchange rates with more than 15 cryptocurrencies and fiat currencies including USD EUR GBP CNY JPY BRL RUB UAH INR CZK VND TRY CHF SEK BTC ETH BNB
Homepage: https://hydranet.ai/
Block explorers: https://arbiscan.io/token/0x3404149e9ee6f17fb41db1ce593ee48fbdcd9506 https://arbitrum.dex.guru/token/0x3404149e9ee6f17fb41db1ce593ee48fbdcd9506
Forums:
Reddit: https://www.reddit.com/r/hydranet/
Twitter: https://twitter.com/TheHydranet/
Hydranet live price may differ in various exchanges. Check HDN real-time data to make informed decisions.
You can buy Hydranet on decentralised or centralised exchanges, via p2p transfers or in individual direct transactions. REVENUEBOT offers an automated trading bot that helps among other things to buy and sell HDN at predefined levels. This way, no matter, day or night, there is no chance to miss the next move. The REVENUEBOT Hydranet trading robot will buy and sell following the strategy chosen by you.
In short, yes. But manual transactions, however fast, still can not be done in less than a second. That is why automated trading took over both traditional and crypto financial markets. Use the current price of Hydranet and trade with REVENUEBOT in less than a second.
In short, only if the current value of Hydranet will be less than the value of Hydranet at the moment of selling in the future. The Hydranet chart can only assist the Hydranet value today versus tomorrow, or the distant future. No one can guarantee you the profit but the REVENUEBOT is free until it brings you money. Please note that information concerning current Hydranet value or any other information on this page can not be considered investment, trading, financial advice or any sort of recommendation to act in the financial market. The content is provided for informational purposes only.
The answer to these questions depends on the HDN supply. Check the Hydranet live chart to see the current supply and predict how long it will take for the coins to run out. The total supply of Hydranet is 300000000 HDN, while HDN circulation supply now is 160640931.09 HDN.
We talked earlier about algorithmic trading. In this material we want to talk about HFT or high-frequency trading, which is one of the kinds of algorithmic trading. Let’s get acquainted with the princ...
Technology became very much in demand in the 21st century. But not everyone is in demand in the main sectors of the economy. In this material, we’ll talk about which technologies are bringing new brea...
Bitcoin halving is just around the corner. This typically marks a subsequent rally spreading over the entire crypto market, yet it’s rather difficult to state anything clearly. In this article, we are...
Nowadays, NFTs are gaining popularity in almost every sphere. Famous bloggers, filmmakers, artists, athletes, and even entire museums are entering the non-fungible tokens sector. In general, everyone ...
Last time we made a selection of films and TV shows about cryptocurrency. But since the directors have to fit all the information within an hour or two, they simply do not have enough timing to reveal...
Check the current Hydranet value, check the converter, and set up your REVENUEBOT in the demo mode, it is all free!
