HyBriid 2.0: the Key Force in the Fintoch Ecosystem
From Crypto bridges drains to centralized exchange hacks, the field of Crypto is a “dark forest”.
To set a foot in this game not only requires people to be extremely cautious, but also unfortunately, still asks the users to trust the platform that they are interacting with.
In 2020 DeFi summer, we’ve witnessed how the decentralized finance platform boomed. The total value locked into the protocols soared from $700M to $15B since the start of year.
Yet compared to the volume of traditional financial institutions, DeFi is still a niche market. We have been talking about mass adoption for a long time. So when will the DeFi 2.0 finally arrive and onboard more key players?
Fintoch is a blockchain financial platform, where it provides lending, investment, and borrowing financial services. Founded in April 2022, Fintoch aims to become a new paradigm of decentralized finance by breaking down the barriers for mass adoption.
Speaking of the core technology that supports the Fintoch ecosystem, HyBriid deserves the spotlight. HyBriid technology brings a new technological breakthrough for transaction security, which solves the biggest bottleneck issue of the current DeFi development.
Before diving into the key aspects of HyBriid, there’s something important to know about how the current approach to digital assets custody. Usually a cypto custodian is not responsible for the direct storage of user fund but rather gatekeeps the user’s private key. According to The Block Research, the three major approaches to fund protection are hardware security modules (HSMs), Multiparty Computation; Multi-signature technology.
The key innovation of Fintoch’s fund protection strategy is to combine multi-signature with zero-knowledge proof.
Let’s put this in scenario. For example, whenever a FINTOCH user wants to borrow money, the system will randomly select 10 nodes from 100 anonymous supervisory nodes to jointly generate a supervisory secret key by using zero-knowledge proof cryptography and create a special multi-signature lending contract wallet with the borrower and the platform.
The lending contract wallet requires two out of the three parties to provide the secret key authorization for funds access. These three parties consist of the borrower, the platform, and the supervisory node, which must jointly follow the agreement to use the funds. According to the rules of the agreement, if you want to cheat or commit fraud jointly, you will need all 10 supervisory nodes to know the borrower, and the probability of doing so is zero, which is impossible to cheat jointly.
At the end of November, HyBriid has gone through a successful upgrade into HyBriid 2.0. The daily lending interest for 1 day and 7 day lending cycle are 2.5% and 2%. And HyBriid supports more trading pairs and higher leverage lending rate.
Fintoch will follow its roadmap to continue advancing its core technology while expanding its global community through roadshows.
The head of development emphasized “Security is really a prerequisite for mass adoption and scalability, and if you do it wrong, if you compromise on security or you compromise on governance, you’re fundamentally putting users, communities and your brand at risk. Of course, in this piece of security, I am confident enough to ensure that FINTOCH’s Hybriid blockchain security technology can protect users’ assets well.”
Community & Social Media:
Websit: https://www.fintoch.com/
Medium: https://medium.com/@fintoch0101
Twitter: https://twitter.com/DFintoch
Telegram: https://t.me/FINTOCH
Recommended News
-
AMC global car chain with trillion market, is about to start the era ofcar chain network!
The automobile industry has gonethrough a hundred years of development, and the industrial patternhas gradually passed the mature stage, ushering in a new round ofchange. Vehicle manufacturing, parts manufacturing and otherperipheral services bring together a large number of top engineeringtechnology and huge industrial clusters, the development of theseindustries promote the global automotive industry innovation andupgrading, the formation of the backbone of the global manufacturingindustry, but also the focus of human engineering technology. Now that the global automotiveindustry is entering the era of new energy and intelligence,traditional driving models are about…
-
Satoshi AI: The Super AI Bounds To Revolutionize Cryptocurrency Mining
The real OGs of Bitcoin came out with a groundbreaking solution in making crypto mining smarter and more sustainable by introducing the world’s very first DeFi Mining AI. After seven years of research and development, Satoshi AI today unveiled J – a revolutionary AI program that will bring a new exciting chapter in the advancement of artificial intelligence technology development. Satoshi AI is the artificial intelligence program initiated by the Satoshi Foundation – a group of BTC enthusiasts and techies since the birth of BTC. As…
-
On the financial track, how doesGBi innovate
On the evening of December 30,Feifei, head of The Chinese community ofGlobe Financial Bi (hereinafter referred to as GBi), shared the themeof “On the financial track, how does GBi innovate” onAnypay, the marketing planning service incubated by The Blockchainproject in China, and comprehensively introduced the ecology,application and vision of the GBi project. GBi,the full name of Globe Financial, Bi, is a strategic investment bythe Singapore Financial ecological foundation platform for the globalone-stop Financial ecology, aims to block chain technology,artificial intelligence, such as large data of blessings, makeeveryone can participate in,…
-
Origin Dollar compensation plan marks progressing maturation of DeFi space
Traders and developers are trending towards greater DeFi depositor protections in unison NEWS On Friday, decentralized finance (DeFi) stablecoin project Origin Finance announced a plan to compensate users affected by a $7 million November exploit — part of a wider trend from developers, users, and traders that has seen actors across the DeFi space more widely embrace insurance products and other exploit backstops. On November 17th, Origin Dollar announced that its yield-bearing stablecoin project had been the victim of a $7 million flash loan attack. While the attack is just another…
-
Dragon Mainland —— new star of GameFi field/industry that leads NFT game ecology, Official launch of Genesis Eggs
2021 is known as the first year of NFT. Axie Infinity started the NFT and GameFi wave on this summer. Since then, P2E games with NFT as its core asset have occupied the market rapidly and NFT encryption game has entered a high-speed development stage. With development, Axie’s bubble problem begin to emerge. Due to the lack of a good token closed-loop and deflation mechanism, the players’ income can not be guaranteed, which makes the whole blockchain game play criticized and limits its own development. At the same time, game…
-
CLOWN TOKEN strike with overwhelming power！
CLOWN Token is created by several game enthusiasts in Singapore and South Korea, combining the rules of DEFI and using the characteristics of ERC-20. It mainly solves the simple technical applications of point-to-point substitution, offset and guarantee in the game field of DEFI world. Because the initial application is mainly docking chess and card casual games, his name uses the head of the big ghost of poker. CLOWN Token 110 W in total It is divided into three parts: 1. Leisure chess and cards 40w 2. Professional chess and cards…
-
Football Metaverse to Launch with 100% Payback to NFT Holders
World Cup 2022 is less than a month away and we are sure that you are as pumped up as us for this special event! Covid have hit us badly for the past few years and we are sure that World Cup 2022 will bring back the joy and festive mood in all of us! To celebrate WC2022, FMEX has previously announced the collaboration with Borussia Dortmund (BVB) on the release of an exclusive set of NFTs based on their soccer players. The official launch and mint date is set…
-
Goldman Digital Asset Lead Sees Mergers Ahead for Crypto Infrastructure Providers
A Goldman Sachs executive predicts there may be consolidation coming for cryptocurrency infrastructure providers as the market matures. In a recent company podcast, Matt McDermott, global head of digital assets for Goldman Sachs Global Markets Division, hinted that “incumbent banks” – like Goldman – could face pressure to increase their crypto business lines, with one obvious path being mergers and acquisitions. “This is a fast-evolving landscape where the crypto incumbents have certainly made huge progress over the last couple of years,” McDermott said. “There is an expectation from clients now that…
-
AI-Powered Retail Stores Leading Future Trend Predictions
In an in-depth exploration of the revolutionary role of Artificial Intelligence (AI) stores in the field of predictive analytics, we not only witness its widespread application across various industries but also see the profound changes brought by technological evolution. By combining the latest technological advancements, real-world application cases, and analysis of future trends, we can gain a more comprehensive understanding of the impact and the challenges and opportunities faced by AI-powered predictive analytics. Deepening Understanding of AI Predictive Analytics AI predictive analytics utilizes machine learning and deep learning technologies to…
-
As soon as he learned he was among the thousands of Ledger customers whose personal information had been published online Sunday, JimboChewdip, as he’s known on Twitter, acted fast. Not fast enough, however.
JCD, as we’ll call him, spent Monday morning changing his passwords, only to get a notification a new device had been added to one of his two-factor authentication (2FA) accounts. He then tried to log into his email. It was locked. “Within minutes I started getting notifications about password changes on Coinbase, Binance, Dropbox,” he later told CoinDesk. “I tried to call T-Mobile over Wi-Fi but it wouldn’t work with the SIM disabled so I reached out to them on Twitter and got someone from Support to lock my account.”…