The Hathor network is a PoW blockchain combining directed acyclic graph (DAG) with current blockchain technology.
Hathor’s architecture enables the network to scale to hundreds of transactions per second. The network shares a lot of the hash rate with Bitcoin.
HTR is the native token of the Hathor network and is used to reward miners and mint new tokens. The token is merged-mined with the Bitcoin blockchain.
Hathor Network, at its core, is a scalable tokenization platform designed to enable plug-and-play blockchain solutions. The main features of the network that distinguish it from competitors are its zero fee and quick transactions, built-in atomic swaps enabling different tokens to be reliably exchanged in the same transaction, the ability to create custom tokens in one click, and an easy way to use version of smart contracts connected to oracles (“nano contracts”).
The first product deployed on the mainnet is a tokenization service.
Smart contracts and coding are not involved in the creation of tokens on Hathor, as they are created in layer 1, built in the protocol itself. Any user can create a token from their smart phone in minutes by defining the parameters for token name, symbol and initial supply and decide to allow minting or burning tokens in the future.
High scalability: The combination of both blockchain technology and DAG helps the platform solve the problem of scalability up to more than 200 transactions per second.
Easy to use: Anyone can create their own digital token with custom specifications on the Hathor network.
Nano Contract: This is a simpler version of a smart contract, created to solve the following problems, where two or more people transfer money to a special transaction through the network by Hathor. A contract is simply a set of rules that are applied to decide the final distribution of the amount, meaning how many tokens the participants of the contract will receive.
Hathor is a digital platform for financial transactions and contracts with a unique combination that solves both scalability problems but still ensures high decentralization, cutting down significantly. cost and bureaucracy
In addition, the platform also develops Hathor wallet products that are available on MacOs, App Store, Windows, and CH Play platforms. This product is the easiest way to get started with the Hathor Network. Users can easily send and receive tokens, create their own tokens, and explore transactions and blocks
Hathor's first testnet was launched in May 2019. Jan 3, 2020, mainnet launch.
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