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What is Hathor Network?
Hathor Network is a PoW blockchain which is highly scalable with zero fees for transferring assets.
Hathor achieves high scalability by implementing DAG (Directed Acyclic Graphs) which allows it to process transactions at very high rates.
How is Hathor mined?
Hathor is merged-mined with the Bitcoin blockchain and uses sha256 as the mining algorithm which is the same as that of Bitcoin. Hathor implements sha256d ( "d" stands for double) ie. sha256 is done twice.
Merged mining has various advantages since it allows bitcoin miners to mine HTR without any additional computational or electricity costs.
What makes Hathor unique?
- High Scalability (200+ tps)
- Multi-asset support
- Zero fees
- Nano contracts (smart contracts)
- Atomic swaps
Hathor tokens
Hathor allows users to create their own tokens without the need to code or write smart contracts making it very easy to use. Users will need to deposit 1% of the mint amount of the token in order to create their own token.
Additionally, users can perform atomic swaps between their tokens and HTR which is the native token.
HTR - The native token
HTR is the native token of the Hathor Blockchain. HTR is used to reward miners and mint tokens.
Supported exchanges:
- Kucoin
- Coinmetro
- ViteX
- qTrade
Roadmap
The roadmap of Hathor is very exciting with Nano contracts implementation in Q2 of 2021 which will allow the development of Decentralized applications on the it's blockchain. Hathor also aims to enable interoperability between chains which leads to interesting Defi use-cases.
Hathorswap
Hathorswap is a zero-fee DEX which is currently under development by the HTRFDT team. Once live , it will enable users to swap assets on Hathor without any fees.
Partnerships
- Hathor Network X Ankr
Ankr is an interesting project which provides infrastructure for Web 3.0 by allowing users to run and deploy nodes on their favourite blockchains. Hathor Network is the latest addition to Ankr which will help users and Dapp developers to run a cloud based full node easily.
- Hathor Network X F2Pool
F2Pool is one of the biggest mining pools in the crypto mining industry with thousands of miners across the globe.This partnership helps onboard more miners into the network helping secure Hathor.
With a market capitalization of $200M , Hathor has lots of potential to grow and is one of the most interesting projects looking to provide scalable solutions for DeFi applications.
Join the Hathor community on Discord https://discord.gg/th3p4UdN5m
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