Hydra Price Chart Update [HYDRA]

The HYDRA price update as of now is $0.6752. In the previous 24 hours, its trading volume was $153,270, and its value has decreased by -3.06%. As of now, HYDRA's live market cap is $16,181,574, and it is ranked as the #952 on the Coincu. HYDRA has a circulating supply of 37,134,639 and a maximum supply of 37,134,639.

Hydra: A Revolutionary Proof-of-Stake Blockchain

Hydra is an innovative blockchain platform that operates on the proof-of-stake consensus model and incorporates a range of unique economic features. In contrast to other blockchains, Hydra employs both inflationary and deflationary mechanisms to drive its economy, while also allowing users to determine the total token supply.

The Development of Hydra Chain

Hydra Chain is built upon the open-source blockchain Qtum, which is a modification of Bitcoin Core that includes an additional Account Abstraction Layer supporting the Ethereum Virtual Machine (EVM). It combines the popular UTXO transaction model from Bitcoin with the proof-of-stake consensus model inspired by the BlackCoin project, resulting in a powerful and efficient blockchain.

Combining Decentralization and Performance

With its proprietary blockchain, Hydra maintains a decentralized structure and supports Ethereum decentralized applications (dApps), all while achieving impressive transaction speeds.

Achieving Balance: Inflation and Deflation

Hydra Chain tackles the challenge of finding the right balance between inflation and deflation in blockchain technology by implementing a unique mechanism that burns transaction fees at the protocol level while maintaining block rewards through inflation.

Stimulating Growth and Protecting Users

By converting transaction fees into a permanent reduction of the token supply, Hydra encourages community growth and safeguards users against price devaluation. Unlike other blockchains, the total token supply in Hydra Chain is not arbitrary but directly reflects the system's actual economy and utility.

The Role of Inflation and Deflation

The inflationary aspect of Hydra Chain is achieved through block rewards, which generate new HYDRA tokens and increase the total token supply. Conversely, the deflationary force burns 50% of transaction fees at the protocol level, effectively reducing the overall token supply.

A Predictable Economy Based on Real Usage

This ongoing battle between inflation and deflation creates a stable and predictable economy that is attractive to investors, as there is no decline in token value caused by inflation. The balance between these opposing forces is determined by supply and demand, ensuring an adaptive economy that aligns with the actual usage of the tokens.

The Hydra Chain Ecosystem and Future Expansion

The Hydra Chain ecosystem begins with a circulation of 18.5 million HYDRA tokens. During the initial growth phase, inflation plays a dominant role, leading to an increase in the total token supply. However, as adoption of Hydra Chain grows, the deflationary force of burning 50% of transaction fees gradually counteracts the inflationary aspect.

Maintaining Balance through the HYDRA Fiat Price Oracle

In order to maintain the equilibrium between inflation and deflation, Hydra Chain employs the HYDRA fiat price oracle, which determines the blockchain's gas fees at a fixed fiat cost. This feature ensures scalability and predictability, crucial for the success of decentralized applications (dApps).

Rewarding Developers and Encouraging Adoption

The remaining 50% of gas fees, which are not burned, are allocated to the wallet addresses of smart contract creators. This unique sharing economy model incentivizes developers to contribute to the ecosystem and facilitates further adoption of Hydra Chain.