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      "memo": "CONGRATS! You have a 1:1 BLURT AIRDROP of 4.908 BLURT and 0.104000 BLURT POWER waiting for you. Check out https://blurtwallet.com/@flezy and https://blurt.blog/ TODAY!"
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      "memo": "Dear @flezy, I had quite a long break from publishing my own articles since I've focused my efforts on building Project.hope community and watching it grow. Today however, I would like to share with you link to my recent publication and I surely hope to read your feedback. All valuable comments will be rewarded with solid upvote. Cheers, Piotr // LINK: https://steemit.com/hive-175254/@crypto.piotr/is-crypto-space-is-mature-enough-for-another-bull-run-i-have-my-concerns"
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      "parent_permlink": "dego",
      "author": "flezy",
      "permlink": "the-solutions-presented-by-dego-platform-to-enhance-the-defi-system",
      "title": "THE SOLUTIONS PRESENTED BY DEGO PLATFORM TO ENHANCE THE DEFI SYSTEM",
      "body": "![1601372920366.jpg](https://cdn.steemitimages.com/DQmT5HRw2XEYTGxJMSFdgSHP9Ndc6w55AugmMWB3sXnqt9f/1601372920366.jpg)\n\nI always believed that, for a project whether in the crypto space or not to stand out, there is a need for it to always present amazing products and services. Not only that but also coming up with good solutions which will solve current issues or enhance current existing systems, products and services. Without a project offering these, sooner than later, the project will come crumbling and then becomes obsolete. Sadly, this has been the fate of many projects in the world, which is also why there is every tendency for two projects which started development at the same time, where one will be growing massively the other will be struggling. \n\n>Nevertheless, when the crypto space is mentioned the first thing that always comes to the mind of most people is Bitcoin, that's true because Bitcoin is the first cryptocurrency as well as the first blockchain, but however in the crypto space today, there has been a massive record of cryptocurrencies and one of such is DEGO. [DEGO](https://dego.finance) is one of such cryptocurrencies which aims to bring about change as well as solutions to the DeFi system.\n\n![1500x500.jpeg](https://cdn.steemitimages.com/DQmbeTwNDXodo1HPGGrSXrhFrRjUsEFxFwdrMasENbqqhYh/1500x500.jpeg)\n\n### CURRENT DEFI SYSTEMS AND PROBLEMS\n\n**The Current Nature Of DeFi Systems**\nDeFi (Decentralized Finance) is commonly a set of smart contracts running independently on blockchains networks such as the Ethereum network. These smart contracts are built solid thus may or may not interact with other smart contracts and even other blockchains.\n\nAlso, as everything built has goals and objectives, that of DeFi is to enhance profitability for investors in DeFi systems through automated smart contracts which seek to maximize yields for the funds invested. In addition to this, with the idea DeFi presented, it is marked by rapid innovative growth and testing of these ideas and concepts.\nAnother aspect of Defi projects is Yield Farming. This Yield Farming concept has recently been the focus of interest and investment for many people in the crypto community, thus setting up an entirely new era for DeFi via liquidity mining.\n\n**Problems**\nNevertheless, the current DeFi system often involves high risk investing which has proven to involve smart contracts sometimes, that is, smart contracts that have not been audited or even thoroughly reviewed, that is lacking a comprehensive review as an audit. Hence, due to this audit issue and other reasons (high fees etc), DeFi is most of the times considered to be riskier than traditional investing or centralized finance.\n\nLike earlier stated, another aspect of Defi is Yield Farming, but however, under this particular model, those who hodl (hold) large amount of funds commonly called whales seems to become the top winners always. This is because they can easily take away a big chunk of all liquidity rewards and thus turning to sell out their yield. Therefore, without being told, it can be seen that the investors with little funds are left with little to nothing.  \n\n![EinTqXaU4AAMHdJ.jpeg](https://cdn.steemitimages.com/DQmWGDUASGWj7m88v2d5hxjdcQZok9xkWL2PWGjujZjek45/EinTqXaU4AAMHdJ.jpeg)\n\n### THE SOLUTION PRESENTED BY DEGO\n\nAmidst all the issues in DeFi systems, but not forgetting the advantage of DeFi, the team behind [DEGO](https://dego.finance) believes something can be done to solve these problems.  \n\nOwing to the fact DEGO believes everything would be different, the team adopted a modular design. Modular design or Modularity, points to the combination of various elements, factors, features or settings of the product to form a subsystem running with specific functions. DEGO combines these subsystems as a universal module with other modules therefore creating a new system having multiple efficient functions and high performances.\nIn addition, DEGO makes it possible for each product to be regarded as a module, thus after a combination of different modules, a new product comes out.\n\nAnother solution presented by DEGO is known as LEGO or LEGO bricks. These LEGO bricks are the best example and motivating factor for the modules within [DEGO](https://dego.finance). They are developed in such a way that every brick is plain and ordinary while leading to or generating a high possibility of achieving a lot when they are brought together.\n\nThe DEGO team also presented another solution such that DEGO equals to LEGO in the DeFi world. That is, with each DeFi protocol being regarded as a brick, such as in the case of Stable Coin (DAI), Lending (Aave, Compound), DEX (Uniswap and Balancer), Derivatives (Synthetix), Insurance (Nexus Mutual), the team ends up developing a new dApp (Decentralized Application) that will;\na. Perfectly enhance the value of DeFi, \nb. Create diversified investment portfolios, \nc. Generate substantial financial returns for users or investors. \n>With all these in place, [DEGO](https://dego.finance) platform will usher a new future of financial services based on blockchain technology.\n\nAs for Yield Farming, the team believes that, in order to move towards a more sustainable ecosystem of DeFi which will make all investors equal, there is need to create a Liquidity Mining with algorithmic adjustment or adjuster. \nThus, DEGO uses these sets of deterministic algorithms for liquidity mining, hence converting the LP or Liquidity Pool token staked by users into POWER or hashrate if talking about mining, therefore getting earnings through them.\n\nOne can wonder what manner of a team is the DEGO platform made up of, to come up with such an idea. \nThe [DEGO](https://dego.finance) team members are from different backgrounds and settings across the world, having common interest, values and vision, thus having the idea to create a decentralized platform as well as achieving openness and transparency. Talking about openness and transparency, when it comes to the decision-making process, the team elects 5 representatives to jumpstart the operation of DEGO project.\n\n### CONCLUSION\n\nDEGO is the ticker of the token in DEGO platform, in addition to being an ERC 20 token, it is also a governance token for the sustainable Decentralized Finance (DeFi) ecosystem with a total supply of 21,000,000. As DEGO is an ERC 20 token, that also means, it is based on the Ethereum blockchain.\nTo show that the [DEGO](https://dego.finance) system is different, the team will set the Governance permissions of each smart contract as a multi-signature wallet, and will only make adjustments and decisions if 3 votes out of 5 representatives on one proposal are achieved.\n\nAdditionally, after the successful launching of the project, the community have the power to re-elect the co-holders of the multi-signature wallet through the mechanism of the proposal and/or voting. This power found in the community is owing to the fact that DEGO DAO is designed to be run by community members in a clear and transparent manner. \n\n![EiqPoPRXYAIJzMO.png](https://cdn.steemitimages.com/DQmWnCsMFcUxvUGhQiUgzxNxa3pY12xt4XGxKUzDUYgvV4v/EiqPoPRXYAIJzMO.png)\n\nFurthermore, In [DEGO](https://dego.finance) platform, NFT (Non-fungible token) can be claimed and depending on what was claimed, it can be traded on various exchanges like Hoo exchange, opensea etc.\n>On the other hand, DEGO token is trading on;\na. Uniswap,\nb. Hoo exchange,\nc. MXC exchange,\nd. Bitforex exchange.\nVisit for information: [Coingecko](https://www.coingecko.com/en/coins/dego-finance)\n\n### PLATFORM LINKS\n\nDiscord: https://discord.gg/xJjSJrd\n\nTwitter: https://twitter.com/dego_finance\n\nMedium: https://medium.com/@dego_finance\n\nTelegram: https://t.me/dego_finance\n\nWhitepaper: https://docs.dego.finance/\n\nGitHub: https://github.com/dego-labs\n\nWebsite: https://dego.finance\n\nAuthor's Bitcointalk Username: Flezy\n\nAuthor's Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2187485",
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      "parent_permlink": "lattice",
      "author": "flezy",
      "permlink": "the-constellation-protocol-the-ethereum-network-and-why-lattice-exchange-is-better",
      "title": "THE CONSTELLATION PROTOCOL, THE ETHEREUM NETWORK AND WHY LATTICE EXCHANGE IS BETTER",
      "body": "![IMG_20201001_075651.jpg](https://cdn.steemitimages.com/DQmUiaDYwnkPz5Tq4ufBnLGQJTGvhWa3zS4W41y77xRUfYm/IMG_20201001_075651.jpg)\n\n**About The DeFi Applications and/or Projects**\n\nThe blockchain space has grown tremendously over the years. Before now, we used to crave for ICO projects, then it gradually progressed into IEO and STO and nowadays it is all about DeFi. That is to show that, each year or each phase comes with its own trend and innovations, which in one way or the other tends to attract more attention and more investors to the crypto space. The truth is, the crypto space will only be growing to attain more heights such that will make mass adoption possible.\nLike already mentioned, DeFi is the current trend now owing to its way of bringing about decentralized financial services which is far better and more convenient than traditional financing options. Also, owing to the potentials within DeFi, its current market cap is already exceeding $10 billion. But however, it is sad to note that, amidst all these possibilities and potentials within DeFi, it seems to be limited by certain issues like high transaction fees, lack of cross-chain interoperability, low network speed, inefficient data oracelization, inefficient order matching algorithms and low available liquidity.\n\n>But the question is, what actually is responsible for these issues in current DeFi applications?\n\n![120162889_120582819790213_4329321681876844706_o.jpg](https://cdn.steemitimages.com/DQmStWXGWpnhWFTv4PPzcRAxdTLYbDNGacNjWWfvnGhjeeJ/120162889_120582819790213_4329321681876844706_o.jpg)\n\n### COMPARING THE ETHEREUM NETWORK AND THE CONSTELLATION PROTOCOL\n\n**To answer the question asked; let's take a look at the Ethereum blockchain.**\n\nMost DeFi projects are based on the Ethereum network and infrastructure, which of course offers the main protocol on which many DeFi projects operate on. \n\nCurrently, the Ethereum network has proven not to be cost-effective and not built for speed, scalability, and data secure. Even its sharding capabilities tend not to help out in this case as its synchronous chain still has scalability limitations which reduce the needed throughput and speed of the network. \nOn the other hand, there is currently no link connecting real-world data, wherein the third party data used to create advanced algorithmic trading, and data were of course created on the Ethereum Network, thus limiting innovative solutions from entering the crypto industry.\nBy looking at the Ethereum blockchain, it can be seen that it is somewhat responsible for the limitations faced by most DeFi projects.\n\n>But then again, another question arises which is, what can be done regarding this, such that DeFi projects can be efficient?\n\n**As usual, to answer the question, let's take a look at Constellation Protocol.**\n\nThe Constellation Network or Protocol, Hypergraph, is an innovative solution with new infrastructure protocol that is a graph-based database called a Directed Acyclic Graph (DAG). This DAG or infrastructure protocol utilizes a dynamic partitioning for efficient data distribution across a decentralized distributed network, thus achieving infinite scalability and fast throughput to handle high computational needs for instant data processing. It also uses mathematical proofs, and concurrent consensuses, built into its Hypergraph Transfer Protocol (HGTP) to efficiently organize the network.\n\nIn addition, unlike the Ethereum network, Hypergraph and HGTP within the Constellation protocol is designed to allow fast and scalable throughput as well as easy cross-chain interoperability with other blockchain networks, existing data\nmanagements and cloud infrastructures. \nWhere Ethereum blockchain, finds it difficult to link real-world data, the Constellation’s Hypergraph Transport Protocol (HGTP) offers a secure communications protocol that connects real-world applications through seamless tokenization or tokenized data. \n\nThus from this brief about the Constellation’s infrastructure, it can be seen that it solves the limitations of Ethereum regarding DeFi projects and also provides a robust solution for the existing DeFi market.\n\n**_Therefore, by looking at DeFi projects, it can be agreed that a tremendous growth towards a decentralized financial system has been achieved. But with the current issues points to the fact, there have been significant drawbacks for traders and liquidity providers alike._**\n\n>Hence, the reason why a project like [Lattice Exchange](https://lattice.exchange/) is needed, which aims to transform the DeFi sphere while leveraging the Constellation Protocol to achieve its goals and objectives.\n\n![120261311_121708269677668_8701552929981124332_o.jpg](https://cdn.steemitimages.com/DQmVLuRuppnZUn7NnHa7P82F3NJTPdR6nc61PBogMWpAhDp/120261311_121708269677668_8701552929981124332_o.jpg)\n\n### WHY LATTICE EXCHANGE IS BETTER THAN OTHER DeFi PROJECTS\n\n>Lattice or Lattice Exchange aims to utilize the Constellation Protocol to tackle the limitations of current DeFi applications through offering good liquidity, institutional-grade AMM algorithms as well as a faster and cheaper settlement owing to its use of the Constellation HGTP. In so doing, there is no doubt, [Lattice](https://lattice.exchange/) will thereby bring institutional-grade reliability and usability to the DeFi ecosystem.\n\nSince decentralization is the main aim, by using the Constellation protocol, Lattice also becomes a decentralized application as well as a DeFi solution built on the efficient Constellation Hypergraph infrastructure.\n\n![IMG_20201001_075631.jpg](https://cdn.steemitimages.com/DQmPseeHZYjPdvU1XcwoHEBbiXLGHtJoumfkCSU6mYWsGmX/IMG_20201001_075631.jpg)\n\n**Five (5) Reasons Why Lattice Is Better Than Its Counterparts**\n\n1. Instead of being like other DeFi projects, [Lattice](https://lattice.exchange/), however, aims to bring about the evolution of existing DeFi solutions by providing better liquidity and more efficient asset-specific automated market-making (AMM) algorithms for traders and liquidity providers. \n\n2. The infrastructure protocol [Lattice](https://lattice.exchange/) is based on will enable it to have a higher assurance in crypto asset trading and settlements. This is because the solution is capable of advancing the blockchain industry with improved financial instruments, such that is cost-effective, have the needed speed, un-breachable security, and efficient scalability.\n\n3. Everyone knows that the blockchain space is one filled with advanced and complex features. Thus, in the case of [Lattice](https://lattice.exchange/), through utilizing the Constellation’s HGTP as the base layer protocol, it will then be capable of supporting more complex trading algorithms thus offering faster trades and high computation needed for real-time trading.\n\n4. Owing to the fact that the Constellation bridge also acts as a pathway for cross-chain transactions while also connecting HGTP to Ethereum, it also adds values such as horizontal scalability, increased speed, validation of complex data structures, reduced transaction costs etc. The advantage of this in [Lattice](https://lattice.exchange/) platform is that it will make the platform easy and possible for users to choose or to build their own AMM for creating liquidity pools based on their preferred asset type.\n\n5. In the crypto space today, whether in Decentralized exchanges (DEX) or Centralized exchanges (CEX), one of the biggest challenges is liquidity. This is why traders also tend to move to where there is more liquidity or order books are most liquid. Therefore, in a bid to ensure the best of services is achieved, [Lattice exchange](https://lattice.exchange/) will enable higher liquidity and better prices from several uniswap exchanges thus allowing for less slippage and higher trading amounts.\n\n![120556403_125391252642703_6604491026377858068_o.png](https://cdn.steemitimages.com/DQmUvacjDTvTPQNpRWyUudn9GSxY9vhYdVL8BjuUkodKarF/120556403_125391252642703_6604491026377858068_o.png)\n\n### CONCLUSION\n\nOne of the features of the Lattice platform is AMM based liquidity pool that allows lenders to earn transaction fees on their deposits (also called farming). [Lattice](https://lattice.exchange/) also brings about a smart routing algorithm for trade execution across different platforms.\n>Other features are aggregated liquidity pools, access to multiple asset-specific automated market-making (AMM) algorithms capable of securing the best price and profitability for users.\n\nLattice also has a platform token with ticker LTX. And unlike other DeFi projects which are ERC 20 tokens, LTX token will be first based on the Ethereum blockchain, then during the third phase of the platform development, it will migrate to the Constellation protocol thus making Lattice token a governance token giving holders certain rights in regards transaction fees, inflation and deflation.\n\n### PLATFORM LINKS \n\nFacebook: https://www.facebook.com/LatticeExchange\n\nTwitter: https://twitter.com/LatticeExchange\n\nLinkedIn: https://www.linkedin.com/company/lattice-exchange/\n\nTelegram: https://t.me/Lattice_exchange\n\nWhitepaper: https://lattice.exchange/Lattice-Exchange-Official-Whitepaper.pdf\n\nWebsite: https://lattice.exchange/\n\nBounty0x Username: Chuky\n\n**_Note: \"A sponsored article written for a bounty reward.\"_**",
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      "body": "@@ -755,30 +755,52 @@\n  behind the \n+%5B\n Hybrix\n+%5D(https://hybrix.io/)\n  platform ha\n@@ -906,16 +906,19 @@\n  as the \n+**_\n Internet\n@@ -926,16 +926,19 @@\n of Coins\n+_**\n . The te\n",
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      "permlink": "the-hybrix-node-and-wallets-what-to-know-about-them",
      "title": "THE HYBRIX NODE AND WALLETS: WHAT TO KNOW ABOUT THEM",
      "body": "![1591900636792.jpg](https://cdn.steemitimages.com/DQmP6xy5iaPXcb8EM8BxGL4cRdogqqkCQmQ6BcgQ2kfQCtk/1591900636792.jpg)\n\n**Introduction**\nBefore I go down to the business of the day, it's necessary to give a short description of the blockchain space and hence Hybrix platform. \nBlockchain has been in existence for years now and with each passing year keeps growing to disrupt many systems. This disrupting of systems or revolution of systems has been felt by many platforms today which extends to the sports industry, gaming and so on. The essence of this is to show that, a good innovation grows with time because of what it is bringing and/or solving. With this in mind, leads us to a platform known as [HYBRIX PLATFORM](https://hybrix.io/). \n\n>The team behind the Hybrix platform has been developing their ideas for years. It all started as a cryptocurrency wallet since 2017 known as the Internet of Coins. The team continued working on the engine ever since then thus making the platform to be more than just a cryptocurrency wallet; hence leading to the change of name to Hybrix, which is also seen as a Multi Ledger API. This confirms the initial statement that good innovations grow with time; thus it can still be seen that the mission of the Hybrix platform still remains the same together with the team but however a different name.\n\nNevertheless, owing to the way [Hybrix](https://hybrix.io/) was built and still developing, I find it worthwhile sharing the types of wallets within the platform. The need for this is, in the crypto space today, crypto wallets are very important as it makes it possible to hold our assets, thus the reason there are many wallets today with each bearing its unique features. But in the case of Hybrix, like earlier stated, it is more than just a wallet, but rather a platform with a protocol which is open by design as well as enabling a free transport of value between all distributed ledger systems. This in all ramifications can be seen as a welcome addition to the possibilities of atomic swaps and decentralized exchanges (DEXs).\n\nNow just like earlier stated, one of the core attributes of Hybrix platform is its wallets which is so decentralized that it gives users full control over their own assets, in addition to this, the wallet runs locally on users devices. Also, owing to its decentralized nature, Hybrix does not store any data on its servers thus users can use the online wallet in their browser on any device including Android, iOS, macOS and Windows.\n\nThe wallet is simple and easy to use because it is not complicated and in addition to this, it also offers advanced features for professional users. It is also secure and decentralized in nature, that is to say, no storage of any keys on Hybrix servers.\nFurthermore, the Hybrix wallets support all cryptocurrencies and blockchains into its decentralized network.\n\n![EIHtfYqXYAAgatx.jpeg](https://cdn.steemitimages.com/DQmQqDNCofpVr6GNjjN2cMe64XXvuzWvGbY5SBH9D9npRwH/EIHtfYqXYAAgatx.jpeg)\n\n### THE HYBRIX WALLETS AND THE NODE\n\n**_CASE A: THE WEB WALLET_**\n\nAs the name goes, it can be accessed via the browser of the device. The wallet is used to store and manage cryptocurrencies in a completely decentralized, simple, secure and user-friendly way while it currently supports 32 blockchains and 389 tokens.\nTo make it more interesting, the team are already working on offering a swap between cryptocurrencies and tokens. \n\nAnother wonderful thing to know about [Hybrix web wallet](https://hybrix.io/) is that there is no storage of logins and passwords, thus meaning users are responsible for their security. Also, the settings of the wallet done by users are stored in a decentralized manner on the nodes in the network, thus with the wallet designed for decentralized use, it shows that it is designed to run on users own devices. \n\n**_Someone might ask, how can this wallet be accessed and how does it work? The steps are below;_**\na. [Visit](https://wallet.internetofcoins.org/) on your Windows, Mac OS, Linux, iOS or Android device. Create a new account if you have not created a wallet yet or you can log in if you already have a wallet.\nb. The next steps entail generating a secure login which is done by moving the mouse or swipe the screen of your device to create a very secure random account ID and password. For security purposes, it is not advisable to use the wallet on public Wi-Fi.\nc. Like already stated, users are responsible for their own security, thus are advised to store their login details in a secure place. This is because Hybrix does not store any data on its servers and therefore can’t recover users log in.\nd. Once the account is created successfully and the details stored, it's time to log in, go through the wallet and maybe perform a transaction. \n>N/B: It is very imperative that a user takes note of his Account ID which is of 16 characters and a high-security password of 48 characters.\nThese login credentials are to be kept in a secure place. If a user loses them, he cannot access his wallet ever again.\n\n**_CASE B: THE NODE_** \n\nThe node is yet another feature in the [Hybrix](https://hybrix.io/) platform which can't be overlooked and this node is as a result of the web wallet. **_Thus the question, how do I run the node on my own computer?_**\n\nBefore answering the question asked, there is a need to know the essence of the node first. In the Hybrix platform, it was found out that the web wallet is slower owing to the fact the wallet is built to be used in a decentralized way. This then warrants users to download the node and run the wallet on their own computer. In this way, they support the network and use the wallet in the most convenient way. However, to run the node, the users need a terminal, and as such is possible in Linux and Mac, but harder on Windows.\n\nThus answering the question asked, the Hybrix platform environment can be run on users own personal computer or server which is done by downloading the daemon called [HYBRIXD](https://hybrix.io/). This Hybrixd makes it possible to host own wallet, be your own bank and have a powerful multi-blockchain system within your grasp.\n\n**_To run the node, the steps are;_**\na. Visit and download the latest version of the node via the [link](https://storage.googleapis.com/hybrix-dist/node/latest/hybrixd.node.latest.zip)\nb. Click download, unzip the file and the user will find the folder node,\nc. Store the node folder in a convenient place like in Programs,\nd. Go into the node folder and open a terminal which must be in the node folder. To understand this, users will see the terminal directory ends with on /node,\ne. Type ./hybrixd, and hit the enter key. At this juncture, the node starts running, then click yes for it to continue.\nf. With that node running, the user can go to a browser and type; http://localhost:8080/Log into his wallet, like in the case of the web wallet. In addition, when you log out of the wallet, it is also possible to stop the node by going to the terminal and pressing the Ctrl-C keys.\n\n>Further information can be found below, \ni. Hybrixd runs on the following operating systems:\nGNU/Linux\nMacOS (Darwin)\n[Windows Subsystem for Linux](https://docs.microsoft.com/en-us/windows/wsl/install-win10)\nii. Hybrixd requires NodeJS and the recommended one is [NodeJS version 12](https://nodejs.org/).\n\n**_CASE C: THE COMMAND-LINE WALLET_**\n\nWith the idea of the node in mind, a user can still go-ahead to try a new form of wallet known as the command-line wallet.\nThe command-line wallet is built to connect to the [hybrixd](https://hybrix.io/) platform environment and it can also run on users personal computer or server through downloading the command-line application. With this application, it makes it possible for users to control and use a wallet from the command line. In the same way, It also makes it easy to use by users and integration of blockchain into users shell scripts is also made possible.\n\n>Further information can be found below;\ni. The command-line wallet runs on the following operating systems:\nGNU/Linux\nMacOS (Darwin)\n[Windows Subsystem for Linux](https://docs.microsoft.com/en-us/windows/wsl/install-win10)\nii. The command-line wallet also requires NodeJS version 12.\niii. To install the Hybrix command-line wallet, users can download and extract the zip file to their system. [Link](https://storage.googleapis.com/hybrix-dist/cli-wallet/latest/hybrixd.cli-wallet.latest.zip)\nFor more information about the Command-line wallet, [visit](https://api.hybrix.io/help/cli)\n\n![IMG_20200530_211657.jpg](https://cdn.steemitimages.com/DQmeXXFhPjPVudobxwMx2CGRmZNgutWiT6t6AX5FJwjrwMo/IMG_20200530_211657.jpg)\n\n### VITAL POINTS ABOUT HYBRIX WALLET\n\n1. [Hybrix](https://hybrix.io/) platform does not charge fees for using the wallet. However, the fees for transactions are the network fees that the network in question imposes on transactions.\n2. Owing to the fact of how Hybrix was built, the system does not have access to users financial data. All users keys and data are created client-side, and only stored at their own convenience. That is to say, [Hybrix](https://hybrix.io/) platform can not see what’s in users wallet while their corresponding password is never sent over the network.\n3. [Hybrix](https://hybrix.io/) platform is entirely different from decentralized exchanges, how? Hybrix is working on facilitating inter-blockchain swaps, that is, users will be able to swap Ethereum for tokens on the NXT chain and vice versa. The Importance of this is, it will improve liquidity and accessibility to blockchain innovations across the blockchain space.\n4. Another attribute that makes Hybrix outstanding and different from decentralized exchanges is that the team do not store users data and coins while the device users use will function as a node in the network.\n5. [Hybrix](https://hybrix.io/) wallet runs on browsers such as Firefox, Chrome, Brave and Safari.\n\n### CONCLUSION\n\nHybrix platform is a multi ledger API which accommodates a good number of distributed ledger systems thus offering users the freedom of transaction and many more.\nJust like every other platform, [Hybrix](https://hybrix.io/) platform has its own token known as HY token. This token is built to be a cross-ledger coloured coin hence it is technically borderless nor restricted to any single distributed ledger.\n\n>Also, [HY](https://hybrix.io/) token serves mainly two purposes;\na. It provides a coherent store of value across multiple blockchain systems, thus diversifying risks.\nb. It serves as the vehicle which is used to swap value between the different chains Hybrix token is registered on. Therefore this will allow a user to swap value with other users without the need for a centralized third party.\n\nLastly, the HY token is already trading on Biki Exchange, [you can visit for more](https://www.biki.cc/en_US/trade/HY_USDT).\n\n![IMG_20200606_190505.jpg](https://cdn.steemitimages.com/DQmPXSaZ2EG4yT91bcCS6g9M4YCxWzrwG8TQbrsvgNzy9RF/IMG_20200606_190505.jpg)\n\n### PLATFORM LINKS\n\nTwitter: https://twitter.com/hybrix_io\n\nGitHub: https://github.com/hybrix-io\n\nTelegram: https://t.me/hybrix_io\n\nDiscord: https://discord.gg/WbDfAWb\n\nWebsite: https://hybrix.io/\n\nWhitepaper: https://hybrix.io/docs/papers\n\nANN: https://bitcointalk.org/index.php?topic=5230324.0\n\nAPI Documentation: https://api.hybrix.io/help/api\n\nAuthor's Bitcointalk Username: Flezy\n\nAuthor's Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2187485",
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  "trx_id": "486e0205d9b708729530ebb209a43fddb8612b41",
  "block": 44023238,
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  "timestamp": "2020-06-06T19:05:39",
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    {
      "parent_author": "",
      "parent_permlink": "hybrix",
      "author": "flezy",
      "permlink": "features-and-attributes-worth-knowing-about-hybrix-platform",
      "title": "FEATURES AND ATTRIBUTES WORTH KNOWING ABOUT HYBRIX PLATFORM",
      "body": "![IMG_20200530_211657.jpg](https://cdn.steemitimages.com/DQmeXXFhPjPVudobxwMx2CGRmZNgutWiT6t6AX5FJwjrwMo/IMG_20200530_211657.jpg)\n\n**Introduction**\n\nIn every platform, there must be features and functions which will make the platform attractive to potential investors and as for existing users the team needs to work on improving already existing features to make it more appealing and attractive. Also, in the blockchain space today, there are different blockchain systems each having its own features which makes it attractive and unique, on the other hand, are blockchain platforms which are based on different blockchains also, having attractive features. \nFrom all these, one can see that the type of features a platform is made up of, will determine the level of growth in its users as well as the level at which new investors will be attracted to the platform. \n\nFurthermore, it is worth knowing that the coming of the blockchain space has ushered in a new era of features and possibilities wherein we have seen that decentralization is what the world needs amongst others. \n\n>With this brief introduction on the blockchain space as well as the features which exists, I wish to introduce a new platform which is of course based on blockchain but entirely different from what has been known; the name is [HYBRIX](https://hybrix.io/), it is a platform with a vast majority of features and possibilities aimed at making its users comfortable while exposing them to a new side of the blockchain world.\n\n[Hybrix](https://hybrix.io/) is a platform designed to be open-source, non-profit and inclusive, thus being decentralized for everyone. Hybrix is also a platform born out of the need to bring the benefits of decentralization to everyone.\nFurthermore, owing to the fact it is a non-profit platform, Hybrix open-source codebase is not used for making money. In addition to this, the platform has been recognised by parties, organizations and companies who are committed to see a better internet and blockchain space such as SIDN, NLnet, Lisk etc.\n\n>The main questions now are, what are these features which makes Hybrix a centre of attraction?\n\n![IMG_20200606_190505.jpg](https://cdn.steemitimages.com/DQmPXSaZ2EG4yT91bcCS6g9M4YCxWzrwG8TQbrsvgNzy9RF/IMG_20200606_190505.jpg)\n\n### HYBRIX FEATURES\n\n1. The first feature to know within [Hybrix](https://hybrix.io/) is its API. API stands for Application Programming Interface, and to the best of my knowledge, it offers a channel through which a platform can be connected to another. That is, if platform A wishes to offer a medium through which other third-party platforms can be connected to, it will have an API thus making it possible. \nJust like already stated, Hybrix API provides uniform endpoints for all supported blockchains to be connected.\n**_It can be accessed via the [link](https://api.hybrix.io/help/api)_**\n\n2. The second feature which is also active is the [Hybrix](https://hybrix.io/) block explorer. Block explorer in blockchain platforms makes it possible for the transactions among other things to be done in a transparent way. Thus, with Hybrix block explorer, it offers users the easiest way to find all their transactions. \n**_The block explorer can also be accessed via the [link](https://explorer.hybrix.io/)_**\n\n3. At the core of [Hybrix protocol](https://hybrix.io/) is the node, thus with this node users can run a local node for complete control in this way supporting the decentral network of the Hybrix platform. \nAlso, the possibility of running the Hybrix platform environment on personal computers or servers is done via downloading the daemon called hybrixd. With this Hybrixd, users are then empowered to host their own wallets, be their own banks and have a powerful multi-blockchain system at their reach. \nFor convenience, Hybrixd can run on the following operating systems:\na. GNU/Linux\nb. MacOS (Darwin)\nc. [Windows Subsystem for Linux](https://docs.microsoft.com/en-us/windows/wsl/install-win10)\n[Download for Linux/MacOS](https://storage.googleapis.com/hybrix-dist/node/latest/hybrixd.node.latest.zip)\nFurthermore, to make Hybrixd a possibility, the Hybrix team recommends [NodeJS version 12.](https://nodejs.org/)\n**_For all other information, [link](https://api.hybrix.io/help/hybrixd)_**\n\n4. Another possibility within the Hybrix platform is the JavaScript Library with short form (hybrix-jslib). The team built this to be a powerful library capable of helping interested users to develop on all supported blockchains while handling all client-side operations securely.\nAlso, the [Hybrix JavaScript](https://hybrix.io/) library can be leveraged on to connect software thus utilizing the capabilities of the Hybrix platform.\nIn the same way, this JavaScript library serves two main purposes:\na. To facilitate the logistics and possibility of interfacing with the hybrixd REST API. \nb. To handle all client-side operations in Hybrix platform securely and privately. \nThe end result of these is, it ensures that the keys required for a transaction will never leave the users device while communication is done over an encrypted channel.\nTo utilize this Hybrix JavaScript library, the following links are provided;\na. Download for web: [Link](https://storage.googleapis.com/hybrix-dist/interface/latest/hybrix-lib.web.js)\nb. Download for NodeJS: [Link](https://storage.googleapis.com/hybrix-dist/interface/latest/hybrix-lib.nodejs.js)\nc. Install using NPM: [Link](https://www.npmjs.com/package/hybrix-jslib)\n**_For all other information, [link](https://api.hybrix.io/help/hybrix-jslib)_**\n\n5. [Command-line wallet](https://api.hybrix.io/help/cli) is yet another function making the Hybrix platform a one of its kind. This command-line wallet is another type of wallet in the Hybrix platform. This wallet connects to the hybrixd platform environment thus making it possible to run on personal computers or servers through downloading the command-line application.\nThrough this way, users can control and use a wallet from the command line; this wallet is also easy to use while integrating blockchain is done into users own shell scripts.\nThe wallet runs on the following operating systems:\na. GNU/Linux\nb. MacOS (Darwin)\nc. [Windows Subsystem for Linux](https://docs.microsoft.com/en-us/windows/wsl/install-win10)\n[Download for Linux/MacOS](https://storage.googleapis.com/hybrix-dist/cli-wallet/latest/hybrixd.cli-wallet.latest.zip)\nThe command-line wallet also requires [NodeJS version 12.](https://nodejs.org/)\n**_To follow all the laid down steps, [visit](https://api.hybrix.io/help/cli)_**\n\n6. In addition to the command-line wallet is the [web wallet](https://internetofcoins.org) which is a simple and secure online cryptocurrency wallet. This wallet is decentralized and gives users full control over their own wallet while running locally on their devices. [Hybrix](https://hybrix.io/) as a platform do not store any data on its servers, thus this online wallet can be used in the browser on any device such as Android, iOS, macOS and Windows. \n**_The web wallet can be accessed via the, [link](https://internetofcoins.org/)_**\n\n![IMG_20200606_190456.jpg](https://cdn.steemitimages.com/DQmTmGb5LQZPVGbT2JzXr82rG8r96M8xCJSTLFZMytYLXbj/IMG_20200606_190456.jpg)\n\n### UNIQUE ATTRIBUTES OF HYBRIX PLATFORM\n\n1. [Hybrix](https://hybrix.io/) is a platform which is simple and easy to use; this is seen in the aspect where its products are not complicated with its wallet being easy to use while offering advanced features for professional users.\n\n2. [Hybrix](https://hybrix.io/) as a platform is secure and decentralized; this is seen in the aspect that its technology runs in a decentralized way and also locally on the device of the users; it also connects to a network of nodes making wallet settings possible and to blockchains making viewing of coin balances possible also. Furthermore, when comparing to most crypto exchanges, Hybrix does not store any users key on its servers.\n\n3. [Hybrix](https://hybrix.io/) is a platform that believes in togetherness; this is seen in the aspect where it aims to support all cryptocurrencies. The idea of supporting all cryptocurrencies both non-proprietary blockchains and tokens in its decentralized platform is owing to the fact Hybrix believes in a diverse crypto-ecosystem.\n\n### CONCLUSION\n\n[Hybrix](https://hybrix.io/) as a decentralized platform makes it possible for users to choose the ledger they want. The Hybrix token has a ticker HY and it is a cross-ledger coloured coin bearing the idea of the platform thus, it is technically borderless and not restricted to any single distributed ledger. \nIn the same way, Hybrix platform utilizes the strengths of all ledgers, made possible via its token that gives access to all the benefits existing on top of all distributed ledger systems supported by its platform.\n\nIn addition, since the Hybrix platform is not limited to a single distributed ledger, users can switch whenever they want because the open Hybrix protocol enables an unrestricted transaction of value between all distributed ledgers. \n\nLastly, [Hybrix](https://hybrix.io/) currently supports 32 blockchains and 389 tokens, including Ark (ARK), Bitcoin (BTC), Ethereum Classic (ETC), Ethereum (ETH), Lisk (LSK), Litecoin (LTC), Nxt (NXT), Waves (WAVES), NEM (XEM), ZCash (ZEC) and so on.\n>Visit to know all supported cryptocurrencies, [link](https://hybrix.io/en/docs/supported-crypto-assets)\n\n>HY token is currently trading on Biki exchange, [Link](https://www.biki.cc/en_US/trade/HY_USDT)\n\n![IMG_20200606_190551.jpg](https://cdn.steemitimages.com/DQmbMZut6zenMa1GcSxZ8WqQNUraoFiwFN8kLpzyQDfyHLj/IMG_20200606_190551.jpg)\n\n### PLATFORM LINKS\n\nTwitter: https://twitter.com/hybrix_io\n\nGitHub: https://github.com/hybrix-io\n\nTelegram: https://t.me/hybrix_io\n\nDiscord: https://discord.gg/WbDfAWb\n\nWebsite: https://hybrix.io/\n\nWhitepaper: https://hybrix.io/docs/papers\n\nANN: https://bitcointalk.org/index.php?topic=5230324.0\n\nAPI Documentation: https://api.hybrix.io/help/api\n\nAuthor's Bitcointalk Username: Flezy\n\nAuthor's Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2187485",
      "json_metadata": "{\"tags\":[\"hybrix\",\"biki\",\"trading\",\"blockchain\",\"crypto\"],\"image\":[\"https://cdn.steemitimages.com/DQmeXXFhPjPVudobxwMx2CGRmZNgutWiT6t6AX5FJwjrwMo/IMG_20200530_211657.jpg\",\"https://cdn.steemitimages.com/DQmPXSaZ2EG4yT91bcCS6g9M4YCxWzrwG8TQbrsvgNzy9RF/IMG_20200606_190505.jpg\",\"https://cdn.steemitimages.com/DQmTmGb5LQZPVGbT2JzXr82rG8r96M8xCJSTLFZMytYLXbj/IMG_20200606_190456.jpg\",\"https://cdn.steemitimages.com/DQmbMZut6zenMa1GcSxZ8WqQNUraoFiwFN8kLpzyQDfyHLj/IMG_20200606_190551.jpg\"],\"links\":[\"https://hybrix.io/\",\"https://api.hybrix.io/help/api\",\"https://explorer.hybrix.io/\",\"https://docs.microsoft.com/en-us/windows/wsl/install-win10\",\"https://storage.googleapis.com/hybrix-dist/node/latest/hybrixd.node.latest.zip\",\"https://nodejs.org/\",\"https://api.hybrix.io/help/hybrixd\",\"https://storage.googleapis.com/hybrix-dist/interface/latest/hybrix-lib.web.js\",\"https://storage.googleapis.com/hybrix-dist/interface/latest/hybrix-lib.nodejs.js\",\"https://www.npmjs.com/package/hybrix-jslib\",\"https://api.hybrix.io/help/hybrix-jslib\",\"https://api.hybrix.io/help/cli\",\"https://storage.googleapis.com/hybrix-dist/cli-wallet/latest/hybrixd.cli-wallet.latest.zip\",\"https://internetofcoins.org\",\"https://internetofcoins.org/\",\"https://hybrix.io/en/docs/supported-crypto-assets\",\"https://www.biki.cc/en_US/trade/HY_USDT\",\"https://twitter.com/hybrix_io\",\"https://github.com/hybrix-io\",\"https://t.me/hybrix_io\",\"https://discord.gg/WbDfAWb\",\"https://hybrix.io/docs/papers\",\"https://bitcointalk.org/index.php?topic=5230324.0\",\"https://bitcointalk.org/index.php?action=profile;u=2187485\"],\"app\":\"steemit/0.2\",\"format\":\"markdown\"}"
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  "timestamp": "2020-05-30T21:02:24",
  "op": [
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      "voter": "yehey",
      "author": "flezy",
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  "timestamp": "2020-05-30T20:29:03",
  "op": [
    "transfer",
    {
      "from": "executive-board",
      "to": "flezy",
      "amount": "0.001 STEEM",
      "memo": "❗ Hello flezy, great that you are using the STEEM blockchain. The Executive Board invites you to visit https://discord.gg/KyBbmhh where you will get some insider infos on how you will earn the most coins. It's easy, just follow the instructions. Warm regards, The Executive Board."
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{
  "trx_id": "00bdf7c30f2c4f480450690652d7615fbab5a688",
  "block": 43826513,
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  "timestamp": "2020-05-30T20:27:24",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "hybrix",
      "author": "flezy",
      "permlink": "comparisons-that-makes-hybrix-an-exceptional-platform",
      "title": "COMPARISONS THAT MAKES HYBRIX AN EXCEPTIONAL PLATFORM",
      "body": "![EIHtfYqXYAAgatx.jpeg](https://cdn.steemitimages.com/DQmQqDNCofpVr6GNjjN2cMe64XXvuzWvGbY5SBH9D9npRwH/EIHtfYqXYAAgatx.jpeg)\n\nIt's a well-known fact that there are many blockchain systems in the world today while some uses smart contracts others don't, while some have different DApps others don't, and while some use Proof-of-Stake system others use Proof-of-Work system, in addition, there are even some that are hybrid in nature, that is, uses both (PoW and PoS) consensus algorithms. Nevertheless, the features of these blockchain systems, isn't why we are here today, rather it is just to create a medium to throw more light on the growth of the blockchain world over the years. \n\nOn the other hand, there is a blockchain platform which is already developed and making waves currently, what makes this blockchain platform to stand out is the fact it works or rather leverages on a lot of blockchain systems to create a truly decentralized platform. This is platform is known as [HYBRIX PLATFORM](https://hybrix.io).\n\n>The important question is, what is Hybrix all about? This will succeed in bringing a brief summary first on what [Hybrix](https://hybrix.io) is all about.\n\nHybrix is a platform built with the aim of bringing about a protocol (or a colored coin) whose sole purpose is to make cross-ledger or cross-blockchain operations possible thus leading to a platform that is technically borderless and not bounded to a single ledger system.\n\nIn the same way, the [Hybrix protocol](https://hybrix.io) is very beneficial to all users because it is easily accessible, open by design, not controlled or limited to a centralized party, enables users to transfer value or assets between ledger systems and provides users with the possibility to issue tokens.\nThis brief summary is, in fact, the basis of the Hybrix platform.\n\n**_Now with this brief summary, it is important knowing why [Hybrix](https://hybrix.io/) is different, that is, comparing it to other existing blockchains platforms._**\n\n![EJfd4RjWoAAHr-c.jpeg](https://cdn.steemitimages.com/DQmX394LgUyiiTe5M4Pg5zAvuCsw7CTD75B8dafDjPCcZ5n/EJfd4RjWoAAHr-c.jpeg)\n\n### COMPARING HYBRIX TO OTHER EXISTING BLOCKCHAIN PLATFORMS\n\n[Point 1](https://hybrix.io.)\nIt has been proven that in certain blockchain systems, there are third-party services which currently assist users of the said platform to exchange one form of digital asset for another; the existence of the third-party isn't the issues, but the main issue is, how trusted is the third-party such that it is banked on to mediate these underlying transactions?. Another occurring issue is that decentralized exchanges have been found to mostly operate on a single chain or strictly between compatible ledgers, that is to say, there are limitations in what's expected. \n>On the other hand, by way of comparison, [Hybrix](https://hybrix.io) stands out, such that the team brought about a solution to these problems isolated digital currency systems are facing; this solution comes in the form of using a meta-level transfer protocol with an extendable design such that any kind of ledger-based ecosystem, digital cash system for cross-blockchain and inter-systemic transactions are made easily accessible for all parties. \n\n[Point 2](https://hybrix.io.)\nThere are some platforms which might leverage another platform to achieve their goals, Hybrix did more than this. \n>Like earlier stated there are many consensus algorithms and these platforms are onboard [Hybrix](https://hybrix.io), now in the case of Hybrix instead of inventing another network infrastructure, it ends up using the data layer of the underlying infrastructure in addition with\nits consensus mechanism. This will then allow Hybrix to make use of the combined powers of these platforms to create a truly cross-ledger asset, while all the benefits of the underlying ecosystems will be duly noted. The main advantage is, these ecosystems will benefit from supporting the Hybrix protocol.\nSomeone might ask, what actually is the benefits? In the Hybrix platform, once a transaction is carried out, it yields a profit to the respective ecosystem by paying\ntransaction fees to its network supporting miners and stakers.\n\n[Point 3](https://hybrix.io.)\nA study has shown that most top institutions like R3, IBM, Ripple etc are creating \"pseudo-trustless\" and \"permissioned\" solutions for the exchange of assets which is also presented as secure and trustless to the public. However, the solutions from these organizations aim to create a profitable endeavour which is biased; this will make users the customer or product of new financial technology gatekeepers. In addition, the solutions offered lacked transparency thus can be seen to be hugely operated on a centralized way.\n>On the other hand, what [Hybrix](https://hybrix.io) offers is entirely different. Hybrix brought a protocol which will make value transfer between distributed ledger systems to be transparent neither will it be controlled in a centralized way. Also, this protocol makes it possible for users to move units of account across distributed ledger systems in a truly decentralized way, thus leading to the ability to exchange assets on-chain. Furthermore, with the possibility of transferring value, Hybrix offers an alternative platform to centralized exchanges.\n\n[Point 4](https://hybrix.io.)\nLooking at Bitcoin, Ethereum and other cryptocurrencies, there are advanced features which exist such as scripting and smart contracts. These advanced features enable many users to create more financial solutions, however, the consensus algorithms of these solutions etc are only available on the ledger on which they are implemented. In addition, there have been cases where atomic transactions are used to connect distributed ledgers, but however, these solutions need specific compatibilities which unfortunately cannot be found in all ledger systems.\n>On the other hand, [Hybrix](https://hybrix.io) once again came to the rescue, in this case, it brings about a common protocol that works on any ledger.\nThe Hybrix protocol was able to work on any ledger because it is a second-level token protocol that is capable of transacting units of account on a single ledger or over multiple blockchain systems.\nAlso, the transactions which took place are stored in a data block of the distributed ledger system in question, this data block is found inside the attachment section of a zero-value transaction. \nFurthermore, with this feat, Hybrix gives users the ability to move units of accounts to any ledger system they want.\n\n[Point 5](https://hybrix.io.)\nThere is no doubt that in the crypto space and/or the blockchain space, there are many systems that are found wanting when it comes to the implementation and development of cutting edge technology; because of this, supporting their advanced development is in no way guaranteed which might even result to bad experiences for all parties.\n>The [Hybrix protocol](https://hybrix.io), on the other hand, strives not to use the advanced features of any specific ledger system, thereby avoiding the chances of becoming highly dependent on any single distributed ledger system. Also, for the sake of optimum performance, Hybrix laid down requirements which must be followed and met by all ledgers coming to its platform. This includes,\na. Immutability of past transactions of which all transactions must be publicly available thus making the verification of the transaction chain possible.\nb. It must be possible to verify the signing and authentication of transactions.\nc. All transactions must have a unique transaction id, an attachment field for the purpose of storing data source and a target address or addresses as the case may be.\n\n[Point 6](https://hybrix.io.)\nAnother comparison is in the aspect of blockchain validators. Validators are very important in any blockchain system because they help to validate transactions on the chain. However, there have been cases where validators are found wanting, that is, not properly doing their job.\nTherefore to solve these problems or neglect which exists or will likely happen, many platforms have offered different solutions. \nThe first is Omni, which chose to validate from a centralized entity thus reducing the complexity of the solution, but instead, it is not a good approach in a system where decentralization is meant to be possible. Also, with the increasing workload for\nvalidating the transactions puts all the work on the centralized validation entity thus reducing the security and integrity of the transaction ledger.\nThe second is Ripple, which chose to select\nthe amount of validators that have a good stake in the ecosystem all in a bid to make sure transactions are completed properly. However, when a validator is found wanting, the penalty is a possible reduction of stakes.\n>Then on getting on the [Hybrix](https://hybrix.io) platform, the team choose a way which will always uphold the decentralized nature of the platform. That is to say, Hybrix cannot reduce the stake of any party in the network from an authoritative entity, however, Hybrix ensures that in the case of not doing the appropriate job there will be the invalidation of fees which will relate to the type of errors of that validator in question.\n\n![IMG_20200530_211657.jpg](https://cdn.steemitimages.com/DQmeXXFhPjPVudobxwMx2CGRmZNgutWiT6t6AX5FJwjrwMo/IMG_20200530_211657.jpg)\n\n### CONCLUSION\n\nIn conclusion, [Hybrix](https://hybrix.io) is a platform with a meta-protocol and blockchain integration solution with all necessary features to run at optimum capacity. Also, the said solution which Hybrix offers comes in the form of a decentralized asset which is used for transacting value across different digital currency systems. In addition, this solution also allows for ledger and blockchain platforms to be used as a value transfer medium without needing any third-parties. \n\n**_However, there is a unique feature that exists within [Hybrix](https://hybrix.io/) and that is, it doesn't rely on centralized exchanges or decentralized atomic transaction supports, thus can be seen to be open and transparent._**\n\n>Furthermore, it is very important to know that Hybrix platform is already running at maximum capacity with the [node](https://api.hybrix.io/help/hybrixd), [wallets](https://wallet.internetofcoins.org), [explorer](https://explorer.hybrix.io) and so on being fully operational; however owing to the need to be efficient, more work is still being done on the platform. \n\nLastly, to be part of an environment of growth, Hybrix is trading on [Biki exchange](https://www.biki.cc/en_US/trade/HY_USDT.)\n\n### PLATFORM LINKS\n\nTwitter: https://twitter.com/hybrix_io\n\nGitHub: https://github.com/hybrix-io\n\nTelegram: https://t.me/hybrix_io\n\nDiscord: https://discord.gg/WbDfAWb\n\nWebsite: https://hybrix.io/\n\nWhitepaper: https://hybrix.io/docs/papers\n\nANN: https://bitcointalk.org/index.php?topic=5230324.0\n\nAPI Documentation: https://api.hybrix.io/help/api\n\nAuthor's Bitcointalk Username: Flezy\n\nAuthor's Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2187485",
      "json_metadata": "{\"tags\":[\"hybrix\",\"blockchain\",\"biki\",\"exchange\",\"trading\"],\"image\":[\"https://cdn.steemitimages.com/DQmQqDNCofpVr6GNjjN2cMe64XXvuzWvGbY5SBH9D9npRwH/EIHtfYqXYAAgatx.jpeg\",\"https://cdn.steemitimages.com/DQmX394LgUyiiTe5M4Pg5zAvuCsw7CTD75B8dafDjPCcZ5n/EJfd4RjWoAAHr-c.jpeg\",\"https://cdn.steemitimages.com/DQmeXXFhPjPVudobxwMx2CGRmZNgutWiT6t6AX5FJwjrwMo/IMG_20200530_211657.jpg\"],\"links\":[\"https://hybrix.io\",\"https://hybrix.io/\",\"https://hybrix.io.\",\"https://api.hybrix.io/help/hybrixd\",\"https://wallet.internetofcoins.org\",\"https://explorer.hybrix.io\",\"https://www.biki.cc/en_US/trade/HY_USDT.\",\"https://twitter.com/hybrix_io\",\"https://github.com/hybrix-io\",\"https://t.me/hybrix_io\",\"https://discord.gg/WbDfAWb\",\"https://hybrix.io/docs/papers\",\"https://bitcointalk.org/index.php?topic=5230324.0\",\"https://api.hybrix.io/help/api\",\"https://bitcointalk.org/index.php?action=profile;u=2187485\"],\"app\":\"steemit/0.2\",\"format\":\"markdown\"}"
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{
  "trx_id": "c95c57e9d13d52a95212cbf62f62765c7c85875c",
  "block": 43558571,
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  "timestamp": "2020-05-21T08:53:42",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "hybrix",
      "author": "flezy",
      "permlink": "hybrix-protocol-the-outstanding-blockchain-platform-a-review",
      "title": "HYBRIX PROTOCOL: THE OUTSTANDING BLOCKCHAIN PLATFORM (A REVIEW)",
      "body": "![ECZy2iYXkAAC5_p.jpeg](https://cdn.steemitimages.com/DQmV71dE7NjLvAmQYqqXNjtnGKkFTr5TvbR1122T3GkygDm/ECZy2iYXkAAC5_p.jpeg)\n\n**The Blockchain Space And Why Hybrix Is Needed**\nMany positive things have been said about the blockchain space, which is true because a lot of platforms today are based on one blockchain or the other. Before going forward it is right giving reference to the first blockchain which made the blockchain space possible today, and this is no other blockchain than Bitcoin blockchain hence known as the first generation of the blockchain (blockchain 1.0). Bitcoin blockchain offered decentralization as well as making the peer-to-peer transactions possible. With Bitcoin, for once, humans can own their personal information as well as transacting without a third-party. The next blockchain which followed closely was Ethereum blockchain; it came with the idea of smart contracts thus making the agreement between parties to be upheld. Also, Ethereum blockchain makes it possible for upcoming projects to launch easily while developing their blockchain if they so want; as such Ethereum blockchain is known as the second generation of the blockchain (blockchain 2.0). Other blockchains were then termed blockchain 3.0, whose aims is to make better the blockchain space through bringing about;\na. Higher TPS (Transactions Per Second),\nb. More development of Decentralized Applications (DApp), \nc. More use of smart contracts etc.\n\nThis is just a brief of the growth and expansion of the blockchain space. One thing to point out from these blockchains is that each is unique in their own way, while most people like Bitcoin blockchain, some likes Ethereum and so on while there are some who likes all of. \n>Now imagine a platform where it is possible to utilize each of these blockchains, that is, a platform which accommodates a good number of coins and tokens built on these blockchains such that all benefits previously experienced on those blockchains are still made possible; also a platform which accommodates other blockchains. \nYes, such a platform is possible and it's known as [HYBRIX](https://hybrix.io) or [HYBRIX PROTOCOL](https://hybrix.io).\n\n![IMG_20200521_073834.jpg](https://cdn.steemitimages.com/DQmd4rM49946G9813q3meuQgkdU9W55YtHoEqJG9Nnkmnfr/IMG_20200521_073834.jpg)\n\nThe first thing to know about [Hybrix](https://hybrix.io) is that it is a \"meta-protocol\" and blockchain integration platform bearing a solution which is in the form of a decentralized asset. This decentralized asset is used for transacting value, coins or tokens across different digital currency systems while allowing for ledger and blockchain platforms to be used. In addition, these blockchain platforms are used as a value transfer medium without needing any financial intermediaries or third-parties.\n\n**_Why Hybrix Is Needed_**\nCurrently in the crypto space today, there are third-parties whose services are currently banked on to assist users to exchange one form of digital currency to another, that is to say, a trusted third party is still required to mediate these transactions. Furthermore, in the case of decentralized exchanges, their operations have been found to take place between compatible ledgers or blockchains. \n\nBut such is not the case with Hybrix protocol. [Hybrix](https://hybrix.io) protocol came with a solution which will make isolated digital currency systems to be disrupted via the use of a meta-level transfer protocol with an extendable and modular design built for efficiency and reliability. The good thing about this Hybrix protocol solution is that it results in making any kind of ledger-based economy and/or other digital currency system used for cross-blockchain transactions to be easily accessible. \nIn all, [Hybrix](https://hybrix.io) also accommodates the consensus algorithm of different ledger systems in their own form.\n\n![EJfd4RjWoAAHr-c.jpeg](https://cdn.steemitimages.com/DQmX394LgUyiiTe5M4Pg5zAvuCsw7CTD75B8dafDjPCcZ5n/EJfd4RjWoAAHr-c.jpeg)\n\n**WHY HYBRIX STANDS OUT**\n\n1. Unlike in most platforms which tends to take a leaf from others, [Hybrix](https://hybrix.io) protocol is built in such a way that it is entirely different and unique. Therefore, one of the features that make Hybrix protocol to be different is that the platform is able to use the data layer of the underlying infrastructure together with its consensus mechanism, thus removing the need to build or Invent another network infrastructure.\nThrough using this network infrastructure of different platforms or blockchains, Hybrix leverages on what lies within different ledger systems such as using their combined powers to create a truly cross-ledger asset, of course with all the benefits of the underlying ecosystems being taken into account. \nIn the same way, not only is the Hybrix protocol benefiting from this development, but also the associated ecosystems also benefits from hosting this protocol, in this case, every Hybrix protocol transaction yields profits to these respective ecosystems; this is seen in the paying of transaction fees to their networks thereby supporting miners and stakers.\n\n2. Just like every other platform have aims and objectives, the same is with Hybrix protocol. In [Hybrix](https://hybrix.io) protocol, the main aim is to create a protocol which is called a \"colored coin\". This colored coin is a protocol existing as a cross-ledger protocol hence being used in different ecosystems. Also, just as it is a cross-ledger protocol it is used without borders or restrictions and of course not limited to a single ledger system. \nThus from this, it is clear that Hybrix offers several ways with which users can easily interact with distributed ledgers and data sources; that is to say, users can easily connect their application to a multitude of blockchains without the need for prior knowledge.\n\n3. It has already been established that [Hybrix](https://hybrix.io) protocol is a blockchain integration platform but there is more to know and that is, Hybrix protocol is also seen as a second-level token protocol that makes the transaction of units of account on a single ledger, or over multiple ledger (blockchains) systems possible. \nTo make it more interesting, all associating transactions are stored in a data block inside the attachment section found in a zero-value transaction on any distributed ledger system supported by Hybrix. In addition, the advantage of this is, it gives the users in question the chance of interoperating with units of account, its accompanying value, and among any ledger system that best suits them.\n\n4. Irrespective of the fact that [Hybrix](https://hybrix.io) accommodates a good number of blockchain platforms and so on but there are certain salient features which the said blockchain needs to have for it to be on board Hybrix protocol. In the same way, there are more things to know and that is, the Hybrix protocol uses no advanced features associated with any specific ledger system, the essence of this is to avoid becoming entirely dependent on any single distributed ledger system. The reason for taking this step is because in the crypto space today, many systems lack adequate security settings thus posing a serious risk when it comes to the utilization and development of cutting edge technology; hence owing to this, supporting them and their advanced features which have no guarantee looks like a bad idea.\n \n![IMG_20200521_073857.jpg](https://cdn.steemitimages.com/DQmTZ5EiR1cgEs3iCfkPpJ48n835yx6TZD3ffctQtYjYudg/IMG_20200521_073857.jpg)\n\n**How To Qualify Or What It Takes To Be Issued On Hybrix Protocol**\n\nLike earlier stated, there are certain salient features which the said blockchain needs to have for it to be on board Hybrix protocol.\nTherefore, for the [Hybrix](https://hybrix.io) protocol to work there are things to be expected on all ledgers which are;\n\n1. There must be immutability of past transactions.\n2. There have to be verifiable signing and authentication of various transactions.\n3. All associating transactions must be publicly available, this is to ensure the possibility of verifying the transaction chain.\n4. All transactions must have a unique transaction ID, an attachment field for storing data as well as a source and target address or addresses.\n\n![v5lv6SaL_400x400.png](https://cdn.steemitimages.com/DQmVmt3jSYsDUEgrivtqWLb1pSNQZKjEXfMMxTPcQP3U8zB/v5lv6SaL_400x400.png)\n\n**CONCLUSION**\n\nOwing to what [Hybrix](https://hybrix.io) aims to achieve, the team believes that in developing their protocol would result to benefiting all users of the crypto space because the resulting technology is open by design and not controlled by any centralized party. Also, it enables any user to transfer value between ledger systems while providing the possibility for users to issue tokens.\n\n>In addition, Hybrix protocol comes with a proper validation thereby avoiding double spends and 51% attack on a single chain.\n\n**_The HY Token_**\nThe token of the platform has the ticker [HY](https://hybrix.io), and as such is built to portray the idea of a cross-ledger token; it is also built on top of the Hybrix protocol. Also, just as other cryptocurrencies, HY is used for registration and renewal fees for new cross-ledger tokens listed on top of the Hybrix protocol. HY is also used for settlement of fees for network validators and network validations for other tokens listed on top of Hybrix protocol.\nFurthermore, owing to the exceptional way Hybrix protocol was built there is no doubt the HY token will grow to be used as a store of value. The total supply of HY token is 21 MM tokens as that of Bitcoin.\n\n**_Important Information To Know_**\na. There is an Important Information to take into consideration and that is, the term used by the Hybrix platform which is \"Colored Coin\". This term is normally used to describe a class of methods for representing and managing real-world assets built on top of the Bitcoin blockchain.\nHowever, in the case of the Hybrix protocol, the team uses it to define a token that utilizes any distributed digital ledger as its underlying infrastructure.\n\nb. Hybrix token (HY) is already listed on Biki exchange. [Link](https://www.biki.cc/en_US/trade/HY_USDT)\n\nc. Hybrix multi-chain transaction history and block explorer is already active. [Link](https://explorer.hybrix.io/)\n\nd. To add to the list of Hybrix developments is the Hybrix wallet which is available for use. It comes in two ways;\ni. Web wallet: [Link](https://wallet.internetofcoins.org/)\nMore: [Link](https://internetofcoins.org/)\nii. Command-line wallet for Linus and MacOS: [Link](https://github.com/hybrix-io/dist/raw/master/cli-wallet/latest/hybrixd.cli-wallet.latest.zip)\nMore: [Link](https://api.hybrix.io/help/cli)\n\ne. Hybrix node is also ready where users can run a local node for complete control as well as supporting the decentral network.\nTo get started, for Linus and MacOS users, [visit](https://github.com/hybrix-io/dist/raw/master/node/latest/hybrixd.node.latest.zip)\n[Read more on](https://api.hybrix.io/help/hybrixd)\n\nf. Also, Hybrix is currently supporting  32 blockchains and 389 tokens.\n\ng. As earlier stated, Hybrix is a unique platform and as such is assisted, endorsed and supported by a good number of household names in the industry such as;\ni. [Lisk](https://www.liskcenter.io/): This platform has many partners in its Lisk Center Utrecht of which Hybrix is among. The aim of this platform is to enable the blockchain ecosystem to grow and flourish in the Netherlands. \nii. [SIDN fund](https://www.sidnfonds.nl/): This offers a strong internet for everyone.  They invest in projects with social added value, duly contributing to a stronger internet and so on.\niii. [NLnet foundation](https://nlnet.nl/): Since 1997, the foundation has been financially supporting organizations and people that contribute positively to an open information society. It also funds those with ideas good enough to fix the internet.\niv. [Internet Archive](https://archive.org/): This is a non-profit library filled with millions of free books, movies, software, websites etc.\nv. [Computable NEXT](https://www.computable.nl/artikel/achtergrond/uitgelicht-next/6906348/6465472/hybrix-strijdt-voor-vrijheid-van-transacties.html): They provides an overview of Dutch tech startups while providing an insight into the business developments that are associated with young companies.\nvi. [CryptoNinjas](https://www.cryptoninjas.net/2019/03/11/internet-of-coins-launches-hybrix-a-multi-chain-development-api-solution/): Founded in 2016, it is a worldwide news and research platform that supplies market and industry information on the cryptocurrency space and so on.\nvii. [Wire breakage](http://draadbreuk.nl): This is the freshest tech and gadget platform in the Benelux. \n\n![IMG_20200521_073126.jpg](https://cdn.steemitimages.com/DQmUpX1oyASPDPCryQvyZWeRHVSeQzfY1MKPFs3KHswuNfb/IMG_20200521_073126.jpg)\n\n>As a closing note, [Hybrix](https://hybrix.io) makes users enjoy the benefits associated with different blockchains in its platform. Get started today and enjoy a whole new level of freedom in the blockchain space.\n\n**PLATFORM LINKS**\n\nTwitter: https://twitter.com/hybrix_io\n\nGitHub: https://github.com/hybrix-io\n\nTelegram: https://t.me/hybrix_io\n\nDiscord: https://discord.gg/WbDfAWb\n\nWebsite: https://hybrix.io/\n\nWhitepaper: https://hybrix.io/docs/papers\n\nANN: https://bitcointalk.org/index.php?topic=5230324.0\n\nAPI Documentation: https://api.hybrix.io/help/api\n\nAuthor's Bitcointalk Username: Flezy\n\nAuthor's Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2187485",
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