Quick jump
Hello and welcome to this blog post about Hydro Protocol HOT White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.
There is a lot to learn about this futuristic tech, lets get started to dive into the Hydro Protocol HOT white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.
The aim of this blog post is to help you quickly understand about the philosophy behind the Hydro Protocol HOT.
I can ensue you that, you will be able to understand every bits and pieces related to Hydro Protocol HOT after going through the Hydro Protocol HOT white paper.
Without wasting any further time lets get started to dive right in and lets understand white paper first.
What is white paper?
A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.
A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.
Hydro Protocol HOT White Paper
Hydro Protocol HOT white paper will be going to provide you, all the information that is needed to get started with Hydro Protocol HOT, including the inspiration for creating, the problem it is trying to solve and the solution proposed by Hydro Protocol HOT.
Introduction
Hydro is an open source framework for building high performance Decentralized Exchanges.
Hydro is designed for developers looking to build decentralized exchanges without having to deal with the complexity and expense of designing, deploying, and securing smart contracts.
Traders then use the Hydro Smart Contracts through the interface of Hydro Relayers (Decentralized Exchanges built on Hydro).
Starting a new decentralized exchange from scratch is an extremely costly and time consuming process. Hydro massively alleviates the cost and time through:
- The Hydro SDK, which launches a complete and easily customizable Decentralized Exchange interface in a single docker command
- The Hydro API and documentation is open source and standardized. Many users and DeFi projects are already fully integrated.
- Efficient, secure, and flexible decentralized exchange smart contracts (professionally audited)
- No token holding requirements or weird token fees: complete freedom for Relayers
The core project consists of a set of open source smart contracts and components for implementing efficient, fast, and secure ERC20 token exchange functionality.
Building on Hydro provides not only a fantastic opportunity to learn and develop in one of the hottest sectors of technology, but you can build a system to potentially earn profit. Hydro Relayers naturally earn profits both through trading fees, and through the Hydro Protocol Economic Incentives (if you choose to opt-in). Relayers that participate in the Hydro Economics are automiacally awarded HOT tokens (discussed in greater detail in the hydro-token section) proportional to the number of trades they make.
White Paper Link: Hydro Protocol HOT White Paper
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