In our previous article, we explored how Bitcoin emerged in response to the failures of the traditional financial system. While revolutionary, Bitcoin had limitations: slow transactions, energy intensity, and limited scripting capabilities. These drawbacks opened the door to a new wave of innovation — the era of altcoins.
In our last article, we explored the evolution of money — from ancient bartering systems to the rise of fiat currencies and centralized banking. Now, we turn to the financial crisis of 2008, a moment that cracked the foundations of global trust and opened the door to a radically new idea: decentralized digital money. This is the story of Bitcoin — and how Hydra Chain builds on that revolution.
In our first series, Crypto Concepts Demystified, we broke down the building blocks of blockchain technology — from how blockchains work to smart contracts and DeFi. Now, we’re zooming out to explore the broader context: how the idea of money itself has evolved over time, and why crypto — and Hydra Chain in particular — represents the next great leap in financial systems.
🔹 Period: 25th Jul, 12:00 pm UTC — 18th Aug, 12:00 pm UTC
🔹 Reward Pool: 50,000 HYDRA
🔹 Payout Method: Reward pool shared proportionally based on the verified volumes generated by each participant!
How to Participate:
Throughout this series, we’ve walked through the building blocks of the crypto universe. We explored what blockchains are, how consensus works, the role of smart contracts, and how DeFi is reshaping financial systems. In this final installment of “Crypto Concepts Demystified,” we turn to a topic that has captivated public imagination like no other: NFTs — Non-Fungible Tokens.
