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About HOPR
-
What is HOPR?
: A scalable and incentivized mixnet for true privacy in web3. -
Token launch
: February 2021, with proceeds controlled by the HOPR DAO. -
Development
: Overseen by the HOPR Association, a privately funded organization.
Problem HOPR solves
- Decentralized approaches lack transport-level privacy, making web3 less private than Web 2.0.
- HOPR provides scalable transport-level privacy for truly private, trustless, and secure applications.
What makes
About HOPR: Unlocking the Power of Decentralized Data
What is HOPR (HOPR): A Comprehensive Overview
HOPR revolutionizes web3 by introducing a fully scalable and incentivized mixnet, ensuring unparalleled privacy. This innovative solution enables the secure transmission of any data type, devoid of metadata exposure. Notably, HOPR operates independently of a proprietary blockchain, instead, node runners are rewarded with HOPR tokens on both the Gnosis Chain and Ethereum mainnet.
By leveraging HOPR, developers can create their own decentralized applications (dapps), empowering individuals to exert control over who accesses their online and personal data.
The HOPR token debuted in February 2021, with all proceeds from its launch being governed by the HOPR DAO. The development of the HOPR protocol is supervised by the HOPR Association, a privately funded entity distinct from the HOPR DAO.
What Complex Issue Does HOPR Seek to Address?
Decentralized approaches to digital services, finance, and data transfer are poised to herald a new era of freedom, fairness, and user autonomy. However, without transport-level privacy, web3 paradoxically offers less privacy than Web 2.0, as exposed metadata can be leveraged to disrupt, exploit, and censor users and services, even when protected by a VPN.
HOPR facilitates the development of genuinely private, trustless, and secure web3 applications by providing scalable transport-level privacy solutions.
Unveiling the Unparalleled HOPR Advantage
Notwithstanding the decades-long existence of mixnets like Tor, HOPR has pioneered the development of the inaugural scalable and incentivized mixnet, thereby enabling the creation of private decentralized applications on a scale commensurate with the demands of web3.
Thanks to HOPR’s innovative proof-of-relay mechanism, a sophisticated cryptographic system, node runners are incentivized to relay data successfully, while their privacy remains intact.
Is HOPR’s Product Already Operational?
In the first quarter of 2023, HOPR introduced RPCh, a groundbreaking commercial product that leverages the HOPR network. By obscuring all metadata associated with RPC calls, including IP addresses, RPCh enhances the privacy of crypto wallets and DeFi applications.
Notably, RPCh has already been seamlessly integrated into the privacy-centric BlockWallet, with a plethora of forthcoming wallet integrations on the horizon. Furthermore, RPCh can be effortlessly utilized in conjunction with virtually any wallet on any EVM chain, requiring minimal user intervention.
The HOPR Network’s Robust Security Framework
The HOPR network is underpinned by proof-of-relay, a cutting-edge cryptographic paradigm that enables the incentivization of a private mixnet for the first time in history. Node operators are remunerated in HOPR tokens solely upon fulfilling their mixing and relay obligations.
The HOPR protocol is meticulously designed to ensure that only the sender has knowledge of the intricacies of their data and its trajectory as it navigates the HOPR mixnet.
The HOPR Tokenomics: A Comprehensive Overview
The HOPR token is nestled on the Ethereum blockchain, adhering to the esteemed Ethereum ERC20 token standard, the most ubiquitous and interoperable benchmark for crafting crypto tokens.
The token boasts a trifecta of core functionalities:
- Users can utilize HOPR tokens to facilitate secure and private data transmission through the HOPR network.
- Node operators are incentivized to earn HOPR tokens by accurately relaying data through the HOPR mixnet, leveraging the innovative proof-of-relay mechanism.
- HOPR token holders are empowered to participate in the decision-making process as part of the HOPR decentralized autonomous organization (DAO), exercising their voting rights.
The Visionaries Behind HOPR: Meet the Founders
Sebastian Bürgel, founder of HOPR and president of the HOPR Board, boasts an impressive academic background, having graduated with a degree in information technologies and electrical engineering from the esteemed ETH Zurich in 2008, followed by a Ph.D. in biomedical engineering in 2010. In 2016, Bürgel co-founded SONECT, a pioneering ATM as-a-service provider company, where he served as chief technology officer until 2017. Concurrently, he held the position of CTO at Validity Labs, leveraging blockchain technology to deliver innovative education-related solutions. In 2020, Bürgel departed Validity Labs to embark on his latest blockchain venture, HOPR.
Rik Krieger, Co-Founder of HOPR and Head of the marketing team, boasts an impressive 20-year track record in business development, having worked with a diverse range of companies, from established corporations to innovative start-ups. Notably, he was a co-founder of Sonect, which earned a prestigious spot on the FinTech50 list in 2019, alongside industry giants N26, Monzo, and Revolut. Throughout his career, Rik has garnered numerous accolades, including recognition from LendIt Fintech, Banking Technology Awards, and the Digital Economy Award, where he was hailed as the “Next Global Hot Thing 2019”.
Acquiring HOPR (HOPR): A Comprehensive Guide to Exchanges and Marketplaces
Currently, the premier platform for trading HOPR is Uniswap v3, which reigns supreme as the top exchange.
Uniswap: A Pioneering Decentralized Exchange
DAI – HOPR: A Harmonious Union of Decentralized Finance and Privacy-Preserving Technology
In the realm of decentralized finance, SWAPR takes center stage on the Gnosis chain.
wxDai – xHOPR: A Harmonious Union of Decentralized Finance and Privacy-Preserving Technology
Introducing the DEX Aggregator: CowSwap on the Gnosis Chain
wxDai – xHOPR: A Harmonious Union of Decentralized Finance and Privacy-Preserving Technology