Traditional world systems are incapable of direct communication and transfers
Traditional banks and other financial institutions manage their own ledger of accounts in their own on their individual closed-end accounting systems. While in the digital world, payments are common updates to the database that consists of such closed accounting ledger. A bank can only transfer accounts in its own in-house accounts by just moving an amount of money from one cell to another in its bookkeeping. The complication in the world of payments is caused by the fact that every company operates its own proprietary, closed ledger and therefore two companies or banks running two different systems cannot communicate easily and directly between their closed ledger systems.
Ledger accounting structure is easy to understand
Just like a traditional ledger, the Hydra ledger will also record a list of all the balances and transactions that belong to every single account on the HydraNet blockchain. This will enable every user to understand like just how any individual can read the traditional bank accounts.
Unlike the closed bank ledger, a complete copy of the global HydraNet ledger will be available on each server running the Argentas software. Any entity will be able to run a Hydra server, and these servers will eventually form a decentralized Hydra network which allows the ledger to be distributed extensively throughout the network.
An open, universal platform and a hub for financial applications that will replace the old one
You can think Hydra as neutral, open source, a distributed ledger that joins all parties and on which developers can create innovative payment or any other applications such as peer to peer lending services leveraging the intrinsic elements of the HydraNet blockchain to offer credit. If any institution’s back-end can communicate with hydraNet then the Hydra Protocol will be able to act as a bridge that links the companies and institutions globally. Apart from serving the end users directly via various network gateways, Hydra will not only enable the transfer real-time transactions settlement, but it will transfer messages which are same as SWIFT but with the highest speed. Traditionally SWIFT is very slow and involves high costs which are not suitable to the current global payment systems.
As a neutral and easy as sending an email
This is the best solution which is a genuine value-adding improvement because it does not only employ what is described above but just like an email, using HydraNet is totally neutral and free. It is not controlled from any country, or it is not managed by a central authority. Just unlike centralized solutions, no institutions or company will be able to impose future costs to use the network.
Unlike the traditional messaging systems like SWIFT, card schemes like MasterCard, Visa, and Amex as well as the clearing systems such as ECB or ACH which are all closed-end systems. HydraNet is an open, decentralized network that runs on the distributed ledger software that is developed by the Argentas. This makes it the best solution for the current global payment systems
Official links for more details,
Website: https://argentas.io
white paper: https://github.com/argentasio/Documentation/blob/master/whitepaper.md
Twitter: https://twitter.com/argentasio
ANN Thread: https://bitcointalk.org/index.php?topic=4431900.0
Facebook: https://www.facebook.com/argentas.io
Telegram: https://t.me/argentas1
Medium: https://medium.com/argentas
Instagram: https://www.instagram.com/argentas.io
My Bitcointalk Username: ariaemily
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