What is Hathor Network – Blockchain For Scalable Cryptocurrency (HTR)

The Hathor Network is a Proof-of-Work (PoW) blockchain that integrates directed acyclic graph (DAG) technology with traditional blockchain mechanisms. It offers an intuitive and efficient method for developing and launching applications.

Essential information for their token is available on the MEXC Digital asset introduction page. Furthermore, we are listing (HTR/USDT – Trade it here) on the Innovation Zone! Check it out now!

What is Hathor Network - Blockchain For Scalable Cryptocurrency (HTR)
What is Hathor Network – Blockchain For Scalable Cryptocurrency (HTR)

What Exactly is Hathor Network?

Hathor Network is essentially a scalable and user-friendly distributed ledger designed to support light financial transactions and contracts. It also functions as a consensus platform with a unique architecture that combines Directed Acyclic Graph (DAG) and blockchain technologies. In essence, it is a blockchain integrated within a DAG, where both elements are interlinked.

Hathor’s architecture allows the network to handle hundreds of transactions per second. Additionally, it shares a significant portion of its hash rate with Bitcoin. During periods of low transaction volume, the blockchain ensures security, while a surge in transactions shifts the workload to the DAG. This hybrid architecture is ideal for a variety of use cases, particularly those requiring high scalability.

Key Features of Hathor Network

Fee-less Transactions

One of the biggest issues with the Bitcoin blockchain is its heavy transaction fees. In contrast, transactions on the Hathor network are always free. This allows users to experience seamless and cost-free transactions on the platform. Individuals and businesses can enjoy secure and efficient transactions without any fees.

Superior Scalability

Hathor Network also boasts much greater scalability compared to Bitcoin or Ethereum. This means that even as transaction volumes rise, the network’s security and speed remain uncompromised. Importantly, this is achieved without the use of any centralized coordinator. Hathor is a completely decentralized ledger that ensures long-term security even as transaction volumes grow.

Merged Mining Benefits

The Hathor network supports merged mining with Bitcoin and Litecoin. This allows miners from these networks to also mine HTR without losing any profit from Bitcoin and Litecoin chains. Additionally, miners receive HTR token incentives at no extra cost, providing a sense of security and motivation to mine HTR.

Nano Contracts

Another notable feature of Hathor is the Nano Contract, which is currently under development. Nano Contracts are similar to smart contracts but require significantly less computational power and incur lower fees. By integrating built-in automatic swaps, Nano Contracts aim to eliminate transaction fees, making them a lightweight and cost-effective alternative to traditional smart contracts.

History of Hathor Network

Hathor’s innovative architecture was initially proposed by Co-founder and CTO Marcelo Salhab Brogliato in his PhD thesis. Development of the Hathor Network began in August 2018, with the mainnet going live on January 3, 2020, at 6:15 PM UTC, exactly 11 years after Bitcoin’s genesis block. Hathor’s Genesis block included a pre-mined supply of 1 billion HTR.

In October 2020, Hathor Labs partnered with one of its early adopters, HTRFDT, to develop a comprehensive ecosystem. This ecosystem includes HathorSwap, a no-gas decentralized exchange (DEX); HathorVirtualCard; HathorMerchantDirectory; and HathorPay, which launched in May 2021.

In April 2021, Hathor Labs announced a partnership with Ankr, a node-as-a-service platform that supports over 30 blockchains. This partnership integrates Hathor with the Ankr platform, making it easier for dApp developers to deploy and manage full nodes, thus becoming part of the network.

Where to buy HTR Token

You can find HTR Tokens here at MEXC! We are listing HTR/USDT in our Innovation Zone! Furthermore, you can receive 100% spot trading fee discounts while holding MX tokens. Get yours now!

What is the Price of HTR Tokens?

The HTR Token is currently trading at MEXC with a live price of $0.06432. You can check the live price of their token right here!

How to buy HTR Tokens on MEXC

You can buy HTR Tokens on MEXC by following the steps:

  1. Log in to your MEXC account. Click on [Spot].
  2. Search “HTR” using the search bar to see the available trading pairs. Take HTR/USDT as an example.
  3. Scroll down and go to the [Spot] box. Enter the amount of HTR you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy HTR] to confirm your order. You will find the purchased HTR in your Spot Wallet.

You can find a detailed guide on how to buy HTR Tokens here.

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Wilbur Kwok

Wilbur strives in two ecosystems – Sports and Blockchain. Hit him up now to talk about all things crypto related!

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Wilbur Kwok
Wilbur strives in two ecosystems – Sports and Blockchain. Hit him up now to talk about all things crypto related!