Hello, hydro devs. Aside from your roadmap/planned projects/product, do you have an additional product in mind to add, when all successfully released?
Anurag: Once we’ve released all these products, we’ll mostly be focused on improving/enhancing them — at this point, we’re envisioning the capability for all sorts of contributions from devs within the ecosystem — our DA program is aimed toward bringing and nurturing more devs. So no specific products; rather aiming to enhance the products and make them more accessible while supporting global devs building other products.
Hello Hydro team :)
How is Hydro different to other coins? What is it’s purpose and primary function?
Andy: The main thing that I think differentiates Hydro from other coins is our attempts to work with both decentralized and centralized companies/applications. We acknowledge that not every organization is ready to wholly decentralize their infrastructure, but they may want to use some decentralized products. With Hydro that is possible.
As far as the primary purpose, we are building code that allows for finance companies to move to a decentralized infrastructure eventually. We are doing things such as security, decentralized ID, document signing, payments and AI. Everything is modular and allows people to use what parts of the platform they feel are best for their needs.
Hi guys, can you please tell me how Hydro 2fa can benefit exchanges like CoinEx? Also, would there be an impact on trading when using Hydro 2fa compared to Google authenticator?
Noah: our 2FA product, raindrop client, ensures that when you want to login to exchange or approve a transaction, you can be sure that if you control your phone, your identity is secure. SMS (text message) 2FA is vulnerable to takeovers, something that hydro 2FA protects against. We’d love to see Coinex integrate our solution into their platform to increase security for their users!
@Andy Can you tell us more about your workout routine?
@Angara Can you tell us more about your silky smooth hair?
Andy: I strictly eat pizza and play computer games. Really gets you in great shape
Anurag: New York winters are very cold (I’m from the south), so I’m hoping that by winter time, my hair will be long enough that I can use it as a scarf 😜
What is your next big move?
Noah: we’re working our identity solution, snowflake. We had some productive meetings this week about what exactly this will look like. Right now, we’re thinking of this system as a user-owned platform which can host a variety of identities (government, blockchain-based, social media, etc.) in a flexible, modular way. we’ll continue to build out this vision as we finalize the smart contracts and launch a few initial products built on top of Snowflake
The Hydro community, especially here on Telegram seems very passionate & and not focused on short-term price. Do you see the biggest growth coming from the communities action? How have you been able to foster this community so well in such a short time?
Andy: Yes 100%. Hydro is a decentralized project, and the community is vital to that. Our team can only do so much as the core developers. For Hydro to grow, we need everyone to get involved by spreading the word, writing code and contributing to things like our white papers
With so many failed ICOs and crypto companies without a product, the public view of crypto is generally seen as something confusing, or a scam that is bound to fail, and any of the crypto/blockchain projects currently out there will probably fail in due course. Do you see Hydrogen leading a revolution in opening up blockchain tech to the masses and a new era of blockchain products that actually work?
Anurag: hope so! From day one we’ve had the mentality of building tangible products that can be used by existing businesses. A lot of blockchains is designed to only really affect peoples’ lives if the entire web3 is already robust, which creates a disincentive for large enterprises to be the first movers in that direction. We’re focused on building our products in such a way that large businesses don’t have to redo their entire architecture and can see value-add immediately
How is hydro’s identity-related(Snowflake) product different from Civic?
Nahom: Civic is mostly focusing on digital identity that people can actively use and while we’re more focused on building a protocol that people can manage multiple identities which contain arbitrary data about them
Mike: Also, the entire Hydro ecosystem is built purposefully for the needs of financial services. Think of it like a Financial OS
Hey hydro team. Mike, how do you manage such big jobs with so few people?
Mike: We have an awesome core team and an awesome community! We also have focused on product development, and we have nearly ten years of experience and relationships in fintech. We built one of the first fintech apps in the US, from scratch. So we know how all of the plumbing works.
Can you let us know about the advantage of Hydro Authentication than Google Authentication?
Noah: The biggest difference between hydro 2FA and Google authenticator is that Google 2FA relies on shared secrets, whereas hydro 2FA does not. Both the user and the website have information that, if leaked, could compromise user accounts. with client raindrop, the only place where secrets are stored is in the users’ app, meaning that if you own your phone, your account is safe
What exactly is the reasoning that you are keeping Hedgeable separate from Hydrogen? Couldn’t they both benefit one another and complement each other's strengths?
Mike: They are two separate companies legally, so we are just trying to keep them separate.
How will ICE work? Can you give us insights?
Andy: Ice is still a work in progress, but overall we want to have the ability for people to sign documents and have that information stored in smart contracts. Alongside this, we are looking into locking documents, doc storage, and many more things. I recommend you check out our draft of the WP (still very much a work in progress) https://github.com/hydrogen-dev/hydro-docs/tree/master/Ice
Will CoinEX be implementing the HYDRO raindrop app for its users?
Noah: I hope so! It’s great to see that they have some system of 2FA in place already, but we’d be happy to help them implement client raindrop to prevent the known vulnerabilities of SMS-based 2FA 😉
