The traditional Centralized Finance (CeFi) system suffers from many problems including those of access, efficiency, time, and cost.
Decentralized Finance (DeFi) was supposed to solve the problems of CeFi, but it has created a new set of problems, including:
The Hybrid Finance (HyFi) Ecosystem comprises a network of blockchains with:
HyFi Tokens provide liquidity on the HyFi network of Blockchains.
YellowPaperThe world of art, books, movies, and music can be very unfair to creators!
The copyright market for creative works involves a complex web of licensing transactions and exorbitant transaction costs. Creators barely get 15% of the revenues and even this can be delayed.
HYFI Enables creators to launch crowdfunding campaigns by inviting fans to securely finance creative works in return for a share of copyright ownership. This is done in the form of Fractional Licenses of Intellectual Property (FLIPs) - a smart asset that represents the whole or part of an Intellectual Property license.
To launch your own FLIP, contact Shinam Arora today!
HYFI Tokens provide liquidity on the HyFi network of Blockchains. A maximum of 1 billion HYFI Tokens can be issued. The tokenomics is:
HyFi conceptualised
HyFi Token private sale starts
HyFi Token Airdrop (Series 1) starts
HyFi-GREAT Testnet goes live
HyFi-GREAT goes live
Applications to Regulatory Sandboxes begin
HyFi Token Airdrop (Series 2 – Learn & Earn)
HYFI FLIPs go live
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Hybrid Finance Blockchain uses the Multichain framework with distributed consensus between identified block validators. It's close in spirit to PBFT (Practical Byzantine Fault Tolerance), but instead of multiple validators per block, there is one validator per block, working in a round-robin fashion.
Unified JSON-RPC API for applications - API cleanly separates the app from the node; Compatible with any API library developed for Bitcoin Core.
Nodes can be run on 64-bit Linux, Windows, and Mac. The system requirements are very low - 512 MB of RAM and 1 GB of disk space.
Multiple deployment options: Environment agnostic - self-hosted in a data center, public or private cloud); Accessed as a service; Nodes added simply and quickly; Shared administration model; Smooth governance transitions.
More than 45 blockchain parameters: Block size/time, permissioning, admin consensus, mining, optional native currency.
Data streams enable a blockchain to be used as a general-purpose append-only database, with the blockchain providing time stamping, notarization, and immutability.
If you don't find the answers to your questions here, email us on team@hyfiblockchain.com
The traditional Centralized Finance (CeFi) system suffers from many problems including those of access, efficiency, time, and cost.
Decentralized Finance (DeFi) is an umbrella term for financial applications powered by public blockchains.
DeFi was supposed to solve the problems of CeFi, but it has created a new set of problems, including:
Also see this BIS (Bank for International Settlements) report on DeFi risks and the decentralisation illusion.
Hybrid finance combines the best of centralized & decentralized finance.
Most public blockchains are plagued by serious problems such as high & unpredictable transaction fees; slow transaction speed; zero support for KYC & AML.
HyFi Blockchain is a network of blockchains for Hybrid Finance (HyFi) with:
High speed of over 1000 tps, which includes signature verification & transaction processing i.e. real Byzantine. Block time as low as 2 seconds.
General storage and search - 64 MB of data per transaction. Streams support key–value, identity, time series.
Selective Stream Indexing - When subscribing to a stream, you can control exactly how it is indexed. This improves performance and reduces disk usage.
Supports millions of addresses, assets, streams, and unlimited transactions / stream items. Also supports unlimited nodes in the network.
Selective Data Retrieval - You can control which specific off-chain items are retrieved from the network. This saves bandwidth and disk space.
Unified JSON-RPC API for applications - API cleanly separates the app from the node; Compatible with any API library developed for Bitcoin Core.
Nodes can be run on 64-bit Linux, Windows, and Mac. The system requirements are very low - 512 MB of RAM and 1 GB of disk space.
Multiple deployment options: Environment agnostic (self-hosted in a data center, public or private cloud); Accessed as a service; Nodes added simply and quickly; Shared administration model; Smooth governance transitions.
More than 45 blockchain parameters: Block size/time, permissioning, admin consensus, mining, optional native currency.
Data streams enable a blockchain to be used as a general-purpose append-only database, with the blockchain providing time stamping, notarization, and immutability.
Private Key Flexibility - It supports external private keys and multisignatures for all transactions. Cold nodes are included.
Security is also enhanced since it is forked from Bitcoin Core; Full multi-signature support; External key management (Bitcoin hardware security modules).
HyFi Tokens provide liquidity on the HyFi network of Blockchains.
Stream Read Restrictions enable you to publish and retrieve items only visible to nodes with appropriate permissions.
Fully encrypted peer-to-peer connections prevent intermediate routers from seeing any private data.
Regulatory compliance with right-to-be-forgotten regulations is provided by Off-Chain Data Purging. It supports selective deletion of off-chain data from local storage.
Multiple permissions feature ensures support for KYC, AML, CFT.
Support for role-based asset controls for business, compliance, and regulatory.
Freezing of funds can be achieved by revoking send & receive permissions.
Consumer protection is achieved through a judicious use of address allotment and permissions. Less tech-savvy users can be allotted custodial addresses.