In the evolving landscape of Web3, privacy is more critical than ever. HOPR is at the forefront, empowering users with unparalleled privacy solutions through its scalable and incentivized mixnet. Unlike traditional networks, HOPR ensures data transmission without exposing metadata, making everyday online interactions more secure. Launched in February 2021, HOPR leverages the Gnosis Chain and Ethereum mainnet to incentivize node runners with HOPR tokens, promoting a decentralized and privately governed ecosystem. Discover how HOPR is redefining privacy, protecting user data, and fostering the next generation of secure decentralized applications.
What is HOPR (HOPR)?
HOPR brings true privacy to Web3 with its fully scalable and incentivized mixnet. With HOPR, any kind of data can be transmitted without having to reveal the metadata. HOPR doesn't have its own blockchain: node runners earn HOPR tokens on Gnosis Chain and Ethereum mainnet.
Developers can build their own dapps on top of HOPR, allowing everyone to decide who has access to their online and personal data.
The HOPR token launched in February 2021 and all proceeds from the launch are controlled by the HOPR DAO. Development of the HOPR protocol is overseen by the HOPR Association, a privately funded organization separate from the HOPR DAO.
What Problem is HOPR Trying to Solve?
Decentralized approaches to digital services, finance, and data transfer will usher in a new era of freedom, fairness, and user choice. But without transport-level privacy, Web3 is actually less private than Web 2.0, because exposed metadata can be used to disrupt, exploit, and censor users and services, even behind a VPN.
HOPR provides scalable transport-level privacy, allowing the creation of truly private, trustless, and secure applications for Web3.
What Makes HOPR Unique?
Although mixnets such as Tor are a decades-old technology, HOPR has built the first scalable and incentivized mixnet, allowing the creation of private dApps at the scale needed for Web3.
This is possible thanks to HOPR’s proof-of-relay mechanism, a cryptographic system that rewards node runners only after they have successfully relayed data, all while preserving their privacy.
Does HOPR Have a Working Product?
In Q1 2023, HOPR launched RPCh, the first commercial product to use the HOPR network. RPCh makes crypto wallets and DeFi more private by obscuring all metadata associated with RPC calls, including IP addresses.
RPCh is already integrated into the privacy wallet BlockWallet, with more wallet integrations coming soon. RPCh can also be used with almost any wallet on any EVM chain with minimal user effort.
How is the HOPR Network Secured?
The HOPR network is secured by proof-of-relay, a cryptographic scheme that makes it possible to incentivize a private mixnet for the first time. Node runners are paid in HOPR tokens only after completing their mixing and relay duties.
The HOPR protocol is designed such that no one but the sender can know the details of their data and its route through the HOPR mixnet.
What are the HOPR Tokenomics?
The HOPR token lives on the Ethereum blockchain and conforms to the Ethereum ERC20 token standard, which is by far the most widely used and interoperable standard for creating crypto tokens.
The token has three main functions:
- Data Transmission: Customers can pay with HOPR tokens to send data through the HOPR network privately and securely.
- Node Operations: Node runners can earn HOPR tokens when they correctly relay data through the HOPR mixnet, thanks to the proof-of-relay mechanism.
- Governance: HOPR token holders can vote as part of the HOPR DAO.
Who Are the Founders of HOPR?
Sebastian Bürgel is the founder of HOPR and president of the HOPR Board. He graduated with a degree in information technologies and electrical engineering from ETH Zurich in 2008 and then completed a Ph.D. program in biomedical engineering in 2010. In 2016, Bürgel co-founded SONECT, an ATM as-a-service provider company. He served as the chief technology officer for SONECT until 2017. Alongside working for SONECT, Sebastien Bürgel was also CTO at Validity Labs, providing education-related solutions via blockchain technology. In 2020, Bürgel left Validity Labs to start his latest blockchain project — HOPR.
Rik Krieger is the Co-Founder of HOPR and Head of the marketing team. Rik has 20 years of working experience in business development for various companies, from corporate to start-ups. He was one of the co-founders of Sonect which was listed under the FinTech50 in 2019 (next to N26, Monzo, and Revolut) and has won numerous honors, including from LendIt Fintech, Banking Technology Awards, and Digital Economy Award as the “Next Global Hot Thing 2019”.
Where Can You Buy HOPR (HOPR)?
The top exchange for trading in HOPR is currently Uniswap v3.
UNISWAP
SWAPR (Gnosis chain)
DEX aggregator - CowSwap (Gnosis chain)
HOPR Token Market Data
- Current Price: $0.1883
- Market Cap: $64,243,955.81
- 24h Price Change: 17.68%
- 7d Price Change: 149.45%
- 30d Price Change: 190.59%
- 24h High: $0.2350
- 24h Low: $0.1481
- All-Time High: $0.9717 (2021-03-01T15:49:05.000Z)
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All-Time Low: $0.0336 (2023-11-21T23:11:00.000Z)
