What we really need to know first and foremost about Hydrogen, is the fact that the Hydrogen project is a public project. It is a project that welcomes new ideas from the public.
The Hydrogen Platform
The hydrogen platform was developed to solve real-world challenges, it is also an ecosystem that is based on real-world application.
The Hydrogen Project
The Hydrogen project is constantly developing and bringing new ideas into light, starting with integration of the OAuth 2.0 into the hydrogen raindrops. For us to understand or know more about the hydrogen project, we need to understand the meaning of the following terminologies;
THE HYDROGEN RAINDROPS
The hydrogen raindrops in a simple term refers to the process of adding security to an existing authenticated system using a smart contract that helps to validate the existing private system publicly. The hydrogen raindrop is an aunthentication service, built based on the blockchain technology to provide added security for sensitive financial data that is at risk from hacking.
The Hydrogen raindrop is not for private use but will be issued to developers and the crypto community all accross the globe, so they can integrate the hydro raindrop in their personal development/work (their APIs).
THE HYDROGEN APIs
This refers to the necessary infrastructures needed to construct the hydogen fintech architecture. It also refers to all the financial engineering required by developers to construct for themselfs a unique brand and how the community gets to see it. In other to build a unique API, developers need a powerful platform such as the hydrogen Atom. The hydrogen atom boast of the most powerful APIs with modules built for fintech, this APIs are categorised based on their features, example includes;
HYDRO BLOCKCHAIN
Hydro was developed on the ethereum network, it makes use of the ethereum blockchain technology for a faster, stronger and more efficient functionalities. The hydro project is built to constantly improve infrastructures and this is done by developing products that are focused around the blockchain technology. Hydro uses the blockchain tech to offer tangible benefits to financial service application. For example the OAuth 2.0 application.
HOW DOES THE HYDRO AUTHENTICATION PROCESS WORK?
The authentication process has been classified into three stages, they are;
The Initialiazation Process
Initialization begins with a System (e.g. Hydrogen) registering to use Hydro and obtaining credentials, enabling the system to communicate with the blockchain via the Hydro module. The System onboards an Accessor (e.g. a financial institution) who registers a public address, and then passes the
registered address to Hydro. This address is immutably written onto the blockchain to a whitelist stored in a Hydro smart contract. The System receives a confirmation that the address was whitelisted, which can also be verified as a publicly viewable event.
Raindrop
After Initialization is complete, the core of the Hydro authentication process can begin. The Accessor, who must execute a Raindrop transaction, jumpstarts this process by requesting Raindrop details from the System, and the System routes the request to Hydro. Hydro generates a new Raindrop, stores certain
details immutably on the blockchain, and returns the full details to the Accessor via the System. The Accessor, equipped with all required information, conducts a transaction from the registered address to a method in the Hydro smart contract.
Validation Process
The final step of the process is Validation. In this step, the Accessor officially requests access to the System via the System's established mechanism. Prior to implementing any of its standard authentication protocols, the System asks Hydro whether or not the Accessor has performed a valid Raindrop transaction. Hydro interfaces with the smart contract, checks for validity, and responds with a true/false designation. The System is able to decide how it should proceed based on this designation - if it is false, the System can deny access, and if it is true, the System can grant access.
Conclusion
Having read through the website and whitepaper, i can say for a fact that the hydro project has come to revolutionise the way a private system is secured by increasing an additional layer of security known as the raindrops. Furthermore, value has been added to the financial service application through the hydro public blockchain.
Contacts
Website: https://www.hydrogenplatform.com/
Telegram: https://t.me/projecthydro
Blog: https://medium.com/hydrogen-api
Authors ETH Address: 0xA9334e54F7627332bC581d6dd6fD94aB79b39E55
