Hydra is a token on a modern ledger with side chains that allow the creation of decentralized applications designed to make apps usable on the web by offering more functionalities than the current NFT ever could.

The network runs on a delegated Proof-of-Stake (dPoS) consensus mechanism, which has exceptional scalability and very low fees that make it perfect for creating a new world, in which everything that has a barcode today, eventually will have a DID on a Ledger.

HYD is the native utility token of the Hydra Ledger that is used for:

⭐ Fees for processing transactions and storing data.

⭐ Running validator nodes on the network via staking Hydra tokens.

⭐ Used for governance votes to determine how network resources are allocated.

⭐ Creating Verifiable Claims (VC) & Decentralized Identifiers (DID), that offer greater flexibility and possibilities than NFT today.