The Hydrahashgraph platform provides a new form of distributed consensus; a way for people who don't know or trust each other to securely collaborate and transact online without the need for a trusted intermediary. The platform is stable, lightning fast, secure, and fair, and, unlike some blockchain-based platforms, doesn’t require compute-heavy proof-of-work. Hydrahashgraph enables and empowers developers to build an entirely new class of distributed applications never before possible.
Using a gossip protocol, nodes efficiently and rapidly exchange data with other nodes in the community. This automatically builds a hashgraph data structure using the novel “gossip about gossip” protocol. This data structure is cryptographically secure and contains the history of communication in a community. Using this as an input, nodes run the same virtual-voting consensus algorithm as other nodes. The community reaches consensus on the order and timestamp without any further communication over the internet. Each event is digitally signed by its creator.
Hydrahashgraphhas one of the fastest transaction speed in this industry. The platform is built on the virtual-voting consensus algorithm. This algorithm provides near-perfect efficiency in bandwidth usage, handling up to 1,000,000 transactions per second and verifying over two million signatures per second. Time to finality is measured in seconds; not minutes, hours, or days. Consensus is 100% certain and guaranteed to never change.
Hydrahashgraph has the strongest level of security possible in this category, which is asynchronous Byzantine fault tolerance (aBFT). The platform is the only distributed ledger technology that has formally proven this quality. Achieving this level of security at scale is a fundamental advance in the field of distributed systems. Hydrahashgraph guarantees consensus, in real time, and is resistant to Distributed Denial of Service (DDoS) attacks, an area of vulnerability for some public ledger platforms. This is vital for applications of the KDHCoin to function without any security risk of hacking.
This platform is fair, ensuring the consensus order of transactions reflects the transaction order received by the community. The platform ensures no single user can block the flow of transactions into the community, and no small group of users can unduly influence the consensus order of these transactions. These features are absent from many distributed ledger technologies, but are a requirement for existing applications today, especially markets, ecommerce and games.
The central Hydrahashgraph treasury holds most of the coins, and proxy stakes these to the Hydrahashgraph Governing Members.
The members operate nodes with the treasury coins proxied to them. Coins held by individuals that use the software wallet from Hydrahashgraph also proxy their coins to the member nodes.
During this step, some coins from the Hydrahashgraph treasury are distributed to the general population.
Advisory Members and other trusted parties can stand up nodes with the coins being proxied to them in addition to the Governing Members.
The treasury and the Hydrahashgraph wallet (by default) proxies to both the Governing Members and the Advisory Members.
Over time the distribution of the staking becomes more even across all nodes. More coins continue to be distributed from the Hydrahashgraph treasury to the general population.
Individuals who are interested may go through a Know-Your-Customer process and then also receive staking of coins from the Hydrahashgraph treasury and the default Hydrahashgraph wallet software. More coins continue to be distributed out of Hydrahashgraph to the general population. Anonymous individuals can also run nodes and receive staking of coins. The Hydrahashgraph wallet software will not proxy to them, but they may be able to receive proxying from 3rd-party wallet software.
As the coins are distributed widely, and competing wallet software programs arise, there will be a market for proxying that is independent of Hydrahashgraph. Eventually all the coins are widely distributed, there is a market of wallet software, and a market of nodes competing for the proxy staking, resulting in a whole new ecosystem.
Hydrahashgraph is a distributed ledger platform that resolves the factors that constrain adoption of public DLT by the mainstream. The hashgraph algorithm accomplishes being fair, fast, Byzantine, ACID compliant, efficient, inexpensive, timestamped, and DoS resistant.
The only way for a new network to stand out is to go the route of Blockchain 4.0 tokens which is everything Hydrahashgraph stands for. This revolutionary technology will be scalable, fast, mobile compatible and most importantly, developer friendly. In addition, the integration with hashgraph will bring more possibilities to this technology.
The HydrahashgraphCouncil will be the governing body of the Hydrahashgraphnetwork. The council will consist of up to 35 leading organizations and enterprises in their respective fields, with membership designed to reflect a range of industries and geographies, to have highly respected brands and trusted market positions, and to encourage a wide variety of perspectives. The Governing Members will elect the Governing Board and also contribute expertise through subcommittee membership. Hydrahashgraph’s governance terms ensure no single member will have control, and no small group of members will have undue influence over the body as a whole. The Hydrahashgraph Council’s governance model is bound by two core principles: decentralization and stability. The governance model, combined with strong security and mechanisms to support the decisions of the governing body, enables a decentralized, stable platform that engenders the trust needed to achieve broad-based adoption.
The Hydrahashgraph Council envisions a cyberspace that is trusted, secure, and without the need for central servers. Realizing this vision is impossible without stability of the platform, achieved only if decisions by the governing body are enforceable. To enable this meaningful governance, legal and technical mechanisms are provided to the Governing Members. These controls protect the community by ensuring the platform will not fork into a competing cryptocurrency, guaranteeing the validity of the software, and providing access to a transparent codebase with no license or approval required. With this stability, mainstream markets will be more inclined to use distributed public ledgers for their commercial applications.
The Hydrahashgraph Council will offer an optional identity mechanism that gives you the freedom to bind verified identities to otherwise anonymous cryptocurrency wallets. This is intended to provide governments with the oversight necessary and critical to the mass adoption of public distributed ledgers. The identity mechanism is completely optional; you can decide what kinds of credentials, if any, to reveal. Hydrahashgraph’s team intends to work with governments to bring the same level of security to public ledgers as is currently present in the financial system.
The nodes are all computers on the internet, communicating by TCP/IP connections protected by TLS encryption with ephemeral keys for perfect forward secrecy. The Nodes are addressed by IP address and port, rather than by symbolic names, so attacks on the DNS system will not affect the network.
The nodes take transactions from clients and share them throughout the network with a gossip protocol. Then all nodes run the hashgraph consensus algorithm to reach agreement on a consensus timestamp for each transaction and its consensus order in history. Each node then applies the effects of the transactions in consensus order to modify its copy of the shared state. In this way, all nodes maintain an identical consensus state (within any given shard).
The cryptocurrency is designed to be fast, which leads to low transaction fees, making very small microtransactions practical. When the Hydrahashgraph platform is running at scale, any user will be able to run a node in the network and earn cryptocurrency payments for doing so.
Use cases of Hydrahashgraph
Hydrahashgraph will provide a platform to allow decentralized exchanges to run almost all major components on the Blockchain itself, reinstating their benefits.
Hydrahashgraph is ideal for building a token trading dApp suite. Hydrahashgraph provides the infrastructural support for conducting any trading application at high volume and large scale.
We envision that a certain well known portion of such computation can be placed to Hydrahashgraph for efficient and secure computation first, while the future research and development of Hydrahashgraph will further strengthen the protection of data privacy and intellectual property for such applications.
Founder and CEO
Kai Reuter is the Chief Executive Officer of Key Decade. He is responsible for the overall management and corporate strategy of the company. Mr. Reuter has led the company to achieve unprecedented growth and increasing returns on investment over the course of his tenure as Chief Executive Officer. Mr. Reuter has accumulated a wealth of experience in e-commerce industry since early 2000 and had also launched internet technology projects in US, London and Germany. He had entrepreneurial experiences in Internet consumption and intelligent technology working as a consultant of China Union Pay, Alibaba and other companies in the business of Internet consumption. of which he specialises in the internet consumption business.He is one of the contributors of the cryptocurrency, Stellar. Mr. Reuter holds a masters degree in Economic Management from University of San Francisco.
As the COO of Key Decade, Steven Moon is vital identifying possible threats to their new businesses and also planning ahead for the start-ups. Being the Americas region Consultant for The World Bank, Steven had the opportunity to be exposed to the threats to Information Systems for an MNC. Senior practitioner in the field of Internet and innovation, and system architect, Steven is also the Co-Founder of a leading streaming company called Twitchplay Limited. Before joining Key Decade, he held a leadership role in ICON, one of the top cryptocurrency projects today. Currently, he is an advisory board member of Blockchain Council and networks constantly with the big names in this industry. Mr. Moon holds a Bachelor of Science degree in Business from London School of Economics and a MBA from University of Birmingham.
Jamison Beaumont is the current Chief Investment Officer of Key Decade. Prior to joining, he was an IT Operations Manager at ABM industries and worked with Dell at as a Technical director for nearly 7 years. After which, he took up the position of COO of Global Cryptocurrency Exchange and that is where he found his calling for Cryptocurrency. In addition, he also held supervisory position for the EOS project. Mr Beaumont holds a bachelor’s degree of LSE of London University, and a Master’s of Science in Information Systems from New York University.
Nicholas is a Founder of the Bullcoin Gold. He is a Blockchain and cryptocurrency advocator, Blockchain, STO and ICO advisor. His expertise lies in helping companies with fundraising and investor relations in the APAC region. He is a broker of large OTC Bitcoin transactions. He has a demonstrated history of working in the education, translation and tea industries. He is skilled in Investing, Trading, Sourcing, Negotiation, Marketing, Business Planning, E-commerce, Translation, and Entrepreneurship.
Anna is ICO advisor and blockchain enthusiast. She is a Crypto investor, expert marketer and always searching for new and innovative ways to help businesses meet their goals. Anna is TroubleShooter and Linkedin Expert. She has experience in promoting brands, and launching marketing companies.
Phil is a CEO of The Magenta Organisation, a financial services boutique based in London, Luxembourg, and Cayman. He attends the UK government’s All-Party Parliamentary Group on Blockchain and am an adviser to a number of specialist ICOs. Phil was a technology leader in the 1990s and was voted one of the top 100 most important people to have driven the first decade of the commercial internet. Phil is named on several patent applications relating to consensus algorithms.
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