PRICE RELEASE The Blockchain revolution is a topic that has attracted millions of people’s attention over the last 10 years. Blockchain technology has revolutionized the notion of money. Smart contract networks and bitcoin have opened up new opportunities for blockchain application in different areas.
Crypto adoption has continued to rise, but it is up to the underlying technology that they adapt to new users. Although Ethereum is still the most popular smart contract network in the world, its shortcomings are well-documented. It is difficult for new developers to prosper quickly due to scaling problems and high Ethereum gas prices.
It is difficult for crypto enthusiasts without technical skills to create decentralized apps (dApps) due to Ethereum’s code-centricity. There have been several blockchain protocols that offer alternatives in recent years. Hathor is a favorite among both developers and users.
A new blockchain project
Hathor, a proof of work protocol that uses DAG and Blockchain data structures in an interoperable setting, is called Hathor. It was started in 2018 by highly-skilled developers. The mainnet was launched in January 2020.
Hathor is one the few Blockchain protocols that relies on academic and scientific research. Marcelo Brogliato was the CTO and wrote its research paper. It was published in his PhD thesis.
Hathor has described itself as the ‘’WordPress of blockchain’’ and provides a simplified blockchain network where everyone can build solutions. The one-stop platform allows developers to create tokens or decentralized apps without having to master specific programming languages like Solidity, Substrate, Rust.
Through open APIs, developers can create smart contract within their network using familiar programming tools and multiple languages. Hathor offers a headless wallet for developers that can be used to create complex applications.
Hathor has fewer barriers to entry for end-users. Anyone can quickly mint custom tokens using the mobile wallet or desktop wallet. For every 100 custom tokens created, you only need to secure 1 HTR token.
Because they can be used in digital sports and art as well as entertainment, non-fungible tokens are a rising trend in crypto. NFTs are easily created by users using the Hathor desktop cryptocurrency wallet. To mint NFTs, users need to spend 0.02 HTRs. Users can also transfer them in the Hathor blockchain with no additional transaction fees.
Concept of Merged Mining
Hathor, one of the few Blockchain protocols to use Merged mining is Hathor. Merged mining is a method that allows the simultaneous mining of multiple cryptocurrency coins without additional proof-of work.
Although proof-of-work can be energy-intensive, it offers obvious benefits such as security and decentralization. Merged mining enables miners to increase their investment at reduced costs since they don’t have to buy extra hardware to mine additional cryptocurrencies.
HTR tokens can be mined by miners on F2Pool (or Poolin), two of the most popular bitcoin mining pools. The current HTR mining reward will drop from 32 tokens to 16 per block starting Jan 5, 2022.
Collaborations of key importance and case studies
Hathor is a popular platform that has seen widespread adoption ever since it was launched on the mainnet in 2020. It has also been used by many projects. Some examples include 9Block NFT platform, Felipe Neto’s Brazilian influencer, Kick-Off Music, Databoi and AfferoFlow.
Dropull (an NFTs platform in Cidade Alta for in-game objects in games) is hosted by Hathor. This gaming server has 120,000 users and it’s the biggest in Latin America. Hathor Green is an initiative by the blockchain protocol that encourages miners to use green energy.
The blockchain protocol also has a partnership agreement with Simplex for the launch of a debit card in its ecosystem. Hathor integrates with Ledger’s popular hardware wallet, so users can keep their tokens on the device.
Exciting future ahead
Hathor has been working on upgrades and partnerships to grow the ecosystem and its HRT token. HathorSwap will be launching in the near future.
Hathor is a huge potential company. Its straightforward approach to blockchain applications places it in a good position to be a major crypto stakeholder.
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