Introducing the Hybrix ecosystem

Tiểu Phương
7 min readMay 21, 2020

Market introduction today.

If we recall the history of creating blockchain technology, the main task is to create a place where people can work and make a profit. As technology began to spread, more and more players, from domestic and foreign investors, realized that the value they could get was to collect, organize, make money from the public.
As a result, corporations have been able to increase their capitalization and attractiveness to large-scale investments by creating investment services and building a network that connects users. This means that we will have to use a ledger that can be connected to each other through a unique technology, for example, The Hybrix token is a crossover ledger color: technically borderless gender, not just limited to any single distribution ledger .. As a result of similar and different actions, blockchain technology begins to struggle. How are they?

Lost privacy

The network has given each of us many opportunities and opportunities to succeed and advance and profit. But at the same time also take away privacy. We now live in a world where all of this is almost lost and most likely forever.
Now most companies and services are constantly monitored and then stored customer data to leverage and manipulate them.
For example, when they transfer money to a place called a digital wallet when they register, most employees will hack into the wallet where they store the money and take it, there have been many incidents in the world. thief. Unpredictable consequences. Moreover, this is done in such a subtle and unobtrusive way that users, without realizing it, buying a product or service may not be needed now.
Without a doubt, each of you has noticed that after accessing or logging into a system, most likely the same happens.
It looks like this amount of collected data will help users target. However, this is not always true. Users spend significant amounts of money on their investments to help them earn high returns, although they may not be aware of cumbersome or delayed terms.
In fact, no one will give investors a full guarantee that their capital cannot be repaid.
As a result, investors are wasting large sums of money and in return receive low conversion rates and often very low returns.
This has forced companies to pay more to investors to be assured of the services offered. But a lot of problems happen to them.
These problems can be solved, the team understands the current difficult situation they have created a project called Hybrix, the open Hybrix Protocol that allows free value shipping between all distributed ledgers. canopy. A welcome addition besides atomic swaps and DEXes.

What is hybrix ?

Hybrix, a young Dutch startup based in Amsterdam, is releasing a layer 2 protocol that could make centralized exchanges all but obsolete.

A solution that integrates the meta protocol and blockchain as a decentralized asset to exchange value on different digital currency systems will allow ledger and blockchain platforms to be used as a means transfer value without any financial intermediaries.

Purpose

The purpose of this project is to create a protocol called the hybrix protocol in the form of a cross ledger colored coin (which is a token that uses any distributed ledger as a basis) to make it non-existent. technical frontier and it is not bound to a single ledger digital system.

Hybrix transactions are stored in a data block inside the attachment of zero-value transactions on all types of distributed ledger systems. The Hybrix protocol is a second-level token that can transact account units on multiple ledgers like blockchain or on a single ledger. Users will benefit from moving account units, good value to any ledger or blockchain system that fits what they want.

The mission of the team can be traced back to the original blockchain principles of decentralization, privacy and autonomy. An early adopter and miner of Bitcoin (and Litecoin), founder Joachim de Koning has been working on this since 2014. His personal belief is that freedom and privacy coupled with personal accountability are important fundamentals for personal finance. Blockchain technology enables a positive, free, anonymous and humanistic approach to finance, which aligns perfectly with Koning’s ideals and principles. These same values would later become the driving force behind all of the development at Hybrix.

Hybrix has announced the release of multi ledger tokens on a second-layer protocol. Multi ledger tokens are tokens that exist on multiple chains at the same time and are argued to be an important innovation for the core functionality of blockchain and distributed ledger protocols. A major advantage over atomic swaps is that the compatibility does not have to be built in; it works on all compatible ledgers

Currently, there are many decentralized companies that have sprung up in this Blockchain market but few understand that these companies are just companies created for self-interest and not investing. To develop their products, they only see what’s in front of them, regardless of whether their products may be outdated. But for Hybrix it’s completely different, the project team works around the clock to create the best products, optimized to help users easily use, make money directly on the Hybrix application.

Hybrix’s solution is to suggest hy tokens. Hy tries to become a token to bind them all, protecting interoperability by giving the freedom to transact on and with any DLT. hy works on a secondary token protocol that can transact account units on a single ledger or between a large number of DLT. Its transactions are hosted on the related DLT. This gives users the advantage of using a ledger system that best suits their needs.

Hybrix focuses on three target groups of the blockchain field: developers, businesses and consumers. Developers are the ones who use Hybrix technology the most. If developers know and use it, they can build solutions for other projects and companies. For Hybrix, business includes decision makers for self-directed projects applying blockchain technology. With Hybrix tools, a project is not limited to a blockchain that has practical applications for consumers, such as wallets and block explorers. They are there to demonstrate the potential of interoperability.

So far, the hybrix platform supports 31 different blockchains and 347 tokens, anyone can add multiple tokens using the hybrix open source framework. Developers and projects can also launch their own cross ledger tokens.

The barriers to entry are deliberately low. Basic ledgers only need to be immutable and public with verifiable transactions with unique IDs, source and destination addresses, and attached fields to store data such as op_return. That is where metadata goes.

Wallet Hybrix :

Hybrix wallet is easy to use and convenient, it integrates a lot of other tokens to be easier to trade. Especially, it has extremely high security when encrypting all user passwords.

BiKi.com Lists Hybrix, First Multi-Ledger Token to Create Freedom of Transactions

The collaboration with BiKi.com ensures that the Hybrix is introduced to a wider and more diverse audience. Until now, the project is mainly known among developers, where it has had more than 500 NPM downloads just over the past month. The step of partnering BiKi will serve to expand its audience as BiKi opens the gate to an Asian market, one where Hybrix has only taken small steps towards so far.

The goal is to take the Hybrix platform further and harness its power to the fullest, eventually consolidating the entire cryptocurrency. Making Hybrix code open source, the past three years have seen a team of enthusiastic young professionals working on what we now recognize as the Hybrix platform. They have developed a vast system connecting more than 31 blockchains and more than 387 tokens

Looking at the pictures, you can see that the volume of Hy transactions is not much. Prices are very high and in the future it will be one of the projects that account for the largest number of transactions Biki. Be quick to own HY to be able to earn the best profit offline

Conclude :

This is an open-source, non-profit project that includes, empowers collaboration, constrained from specific ledger constraints, to transfer value without restriction. Users own their data with strict customer-side functionality, making personal finance accessible and secure while still free for everyone.
In my opinion, I feel this is a perfect project not only in terms of design but also Hybrix technology that gives me complete peace of mind when using my assets on their Dapps. The best part is that the project team is responsible for the children they create, they see them growing and succeeding day by day. I personally want to track this project in the future. If this is a great article, you can share it to support this project.

For more information about this project, please, visit:

Website: https://hybrix.io/

Whitepaper: https://hybrix.io/docs/papers

Telegram: https://t.me/hybrix_io

Discord: https://discord.gg/WbDfAWb

Twitter: https://twitter.com/hybrix_io

Github: https://github.com/hybrix-io

ANN Thread: https://bitcointalk.org/index.php?topic=5230324.0

author : hongxiem12345678

URL bct : https://bitcointalk.org/index.php?action=profile;u=2400197

wallet HY : 0xec4c5364530d1ddad66a02ceedc57b1ef685236c

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