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About HDN

$HDN is the governance token for the Hydranet project. Hydranet is an orderbook model dex on multiple layer2 networks.

Hydranet (HDN) is a cryptocurrency launched in 2022. HDN has a current supply of 300.00M with 158.53M in circulation. The last known price of HDN is 0.056839968784 USD and is -0.002369443159 over the last 24 hours. It is currently trading on active market(s) with $18,109.63 traded over the last 24 hours. More information can be found at https://hydranet.ai/.

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HDN Price Statistics
HDN’s Price Today
24h Price Change
-$0.0023694431594.00%
24h Volume
$18,109.6371.37%
24h Low / 24h High
$0 / $0
Volume / Market Cap
0.002009774808
Market Dominance
0.00%
Market Rank
#1391
HDN Market Cap
Market Cap
$9.01M
Fully Diluted Market Cap
$17.05M
HDN Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
HDN Supply
Circulating Supply
158.53M
Total Supply
300.00M
Max Supply
300.00M
Updated Dec 14, 2024 11:14 am
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HDN
Hydranet
$0.056839968784
$0.002369443159(-4.00%)
Mkt Cap $9.01M
There's nothing here for now
Former OpenAI Employee Found Dead Amid Data Use Controversy
Former OpenAI Employee Found Dead Amid Data Use Controversy
According to Decrypt, Suchir Balaji, a former researcher at OpenAI, was discovered dead in his San Francisco apartment in what authorities have determined to be a suicide. Balaji, 26, had previously worked with OpenAI's technical staff from November 2020 to August 2024. He gained attention after publicly alleging that OpenAI had used data unethically to train its artificial intelligence platform, ChatGPT. These allegations were highlighted in an interview with the New York Times, where Balaji claimed that OpenAI utilized vast amounts of internet data without permission to develop ChatGPT, which was launched in November 2022. Balaji also accused the company of creating its own transcription software to extract data from YouTube. In a post on X in October, Balaji expressed his concerns about copyright and fair use, stating that generative AI products could potentially create substitutes that compete with the data they are trained on. This controversy led to a lawsuit filed by The New York Times against OpenAI for copyright infringement last December. During the New York Times annual Dealbook Summit, OpenAI CEO Sam Altman defended the company's actions, asserting that they were not in the wrong. However, Ian Crosby, a partner at Susman Godfrey and lead counsel for The New York Times, argued that Altman misunderstood copyright law, emphasizing the importance of developing new technologies that respect the rights of copyright holders. Authorities reported that Balaji was found deceased on November 26 after a wellness check was conducted by police and medical personnel. The Office of the Chief Medical Examiner confirmed Balaji's identity and stated that the cause of death was suicide. This tragic event has brought further attention to the ongoing debate over the ethical use of data in the development of artificial intelligence technologies.
Dec 14, 2024 10:40 am

Frequently Asked Questions

  • What is Hydranet (HDN)?

    Hydranet is a Decentralized Autonomous Organization building the Hydranet DEX, a Layer 3 trading platform that brings together the worlds of Bitcoin and Ethereum using Layer 2 off-chain protocols such as the Lightning Network and the Connext Vector Network. Hydranet’s novel exchange technology allows users to trade seamlessly between Bitcoin and EVM-based blockchains without relinquishing custody of their funds, with near instant settlement times, and for low costs.

    The Hydranet DEX includes a limit order book, which is hosted by the Hydranet Network, and a built-in multi-currency light wallet that allows users to store both BTC and EVM-based assets. Trades on the Hydranet DEX are executed off-chain, fully peer-to-peer, and are secured using hashed timelock contracts meaning either both peers or no peer receives the agreed upon funds. Since Layer 2 off-chain protocols are scaling solutions for Layer 1 blockchains, users will always remain in full custody of their private keys.

    Hydranet released the first version of the Hydranet DEX on the 23rd of September 2023. This version is delivered as a downloadable desktop client and offers a user-friendly interface, seamless trading experience, and robust security features. Hydranet is actively working on an upgraded version of their DEX, a platform agnostic web version which will be readily available from the browser. The web version will inherit all the commendable components of its desktop counterpart as well as Hydranet’s in-house EVM off-chain protocol, Lithium.

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  • What powers the Hydranet DEX?

    The Hydranet DEX is powered by the Hydranet Network, an infrastructure overseen by two distinct actors: TItans and Guardians. Titans take on the responsibility of ensuring the network’s continuous operation. They achieve this by hosting the exchange’s limit order book, offering rental liquidity, and acting as a matchmaking engine between trading peers. Guardians, on the other hand, take on the responsibility of upholding the network’s integrity. They actively monitor the behavior of both traders and Titans to ensure that they comply with the network’s rules, and take appropriate measures to penalize those who violate these rules.

    Both Titans and Guardians require a collateral in the form of HDN to participate in their respective roles. In return for their services, they become eligible to receive a share of the trading fees generated by the Hydranet DEX.

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  • What makes Hydranet Unique?

    Hydranet effectively addresses the critical challenges associated with self-custody, transaction times, transaction costs, and scalability. When it comes to decentralized trading directly on the blockchain, using Automated Market Makers (AMMs) is a popular choice for trustless trading. However, it often comes with the drawback of high blockchain fees and prolonged transaction times due to the scalability limitations of many blockchain networks. As an alternative, traders can opt for centralized exchanges, which often offer user-friendly interfaces, fast transaction times and low trading fees. The convenience they provide, unfortunately, comes at the cost of relinquishing custody of user funds and leaving them entirely in the hands of the centralized exchanges to do whatever they want with. This issue has been exemplified by the FTX incident, which is reported to have negatively impacted over 1 million crypto users.

    Unlike today’s centralized and decentralized exchanges, the Hydranet DEX offers a unique solution to the challenges previously presented. First and foremost, the Hydranet DEX operates on a trustless basis, meaning users always retain control of their funds, eliminating the risks associated with third-parties. Moreover, the Hydranet DEX leverages off-chain technologies to enhance transaction times and reduce costs significantly. By keeping the transaction process off the main blockchains, trades are executed near-instantly and for minimal fees, even cross-chain, in contrast to the high fees and slow transaction times experienced using many decentralized exchanges operating directly on the blockchain. Lastly, when it comes to scalability, the Hydranet DEX is designed to scale indefinitely. A key element for this is Hydranet’s decentralized execution of trades. Unlike conventional solutions, where a centralized entity typically executes the trade, in the Hydranet DEX, the trade execution is distributed among the trading peers themselves. The Hydranet Network assists in matching trading peers but leaves the rest in the hands of the peers to automatically execute the trade without user intervention.

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  • Where can you buy Hydranet?

    Hydranet’s token, HDN, is traded on both decentralized and centralized exchanges, including the Hydranet DEX, Uniswap, MEXC and Whitebit.

    Learn more about Hydranet and the technologies it uses thorough:

    https://hydranet.ai/ https://docs.hydranet.ai/hydranet-dex https://medium.com/hydranet/hydranet-web-dex-74de269b6019 https://lightning.network/ https://www.connext.network/

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  • What is the all-time high price of Hydranet (HDN)?

    The all-time high of HDN was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Hydranet (HDN) is 0. The current price of HDN is down 0% from its all-time high.

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  • How much Hydranet (HDN) is there in circulation?

    As of , there is currently 158.53M HDN in circulation. HDN has a maximum supply of 300.00M.

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  • What is the market cap of Hydranet (HDN)?

    The current market cap of HDN is 9.01M. It is calculated by multiplying the current supply of HDN by its real-time market price of 0.056839968784.

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  • What is the all-time low price of Hydranet (HDN)?

    The all-time low of HDN was 0 , from which the coin is now up 0%. The all-time low price of Hydranet (HDN) is 0. The current price of HDN is up 0% from its all-time low.

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  • Is Hydranet (HDN) a good investment?

    Hydranet (HDN) has a market capitalization of $9.01M and is ranked #1391 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Hydranet (HDN) price trends and patterns to find the best time to purchase HDN.

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