3.4. Technical Architecture
As HYX is based on block technology, it has an excellent structure. All transactions are processed on a decentralized network, which ensures data transparency, security, and integrity.
Blockchain base
The core of HYX is a blockchain network, on which all transaction information and issuance and incineration of hydrogen assets will take place.
Blockchain has a data structure in which the details of transactions are summarized in 'blocks' and linked in a 'chain' form, and each block contains the hash value of the leading block, so the order and integrity of the data is guaranteed.
All transactions that occur in the HYX system can be permanently recorded and verified, as once the data is included in a block it cannot be modified or deleted.
Smart contracts and security
All transactions on HYX utilize smart contracts.
Firstly, we transparently disclose all contract terms and execution processes, and in terms of security, we will apply systematic access control and identification methods to safely protect users' wallets and HYX assets.
Additionally, through smart contracts, we move away from trading platforms tied to traditional practices, eliminate centralized authorities, and minimize potential contract errors.
This ultimately has the advantage of minimizing transaction fees incurred during transactions and making it faster and faster than traditional payment processes.
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