Making Blockchain Easy for Everyone – Press release Bitcoin News

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PRESS. The blockchain revolution has caught the attention of millions in the past decade. The emergence of cryptocurrencies such as bitcoin has redefined the concept of money, while smart contracting networks have expanded blockchain applications to different sectors.

As cryptocurrency adoption continues to grow, the duty is on the underlying technology to adapt to the new wave of users. Ethereum remains the leading smart contract network, but its problems are well documented. Scalability and high gas rates on Ethereum make it difficult for developers and new projects to thrive quickly.

The code-eccentric nature of Ethereum also means that crypto enthusiasts with little technical knowledge find it difficult to build decentralized applications (dApps). However, several new blockchain protocols have emerged in recent years to offer an alternative, and Hathor has proven to be a popular choice among developers and end users.

An innovative blockchain project

Hatoro is a proof-of-work protocol based that deploys DAG and blockchain data structures within an interoperable environment. The project was initiated in 2018 by a team of highly experienced developers, and its main network was launched in January 2020.

Hathor is one of the few blockchain protocols that is based on heavy scientific and academic research. Its research paper was written by the CTO Marcelo Brogliato and published as part of his PhD thesis.

Hathor has described itself as the ” WordPress blockchain ” and provides a simplified blockchain network where everyone can build solutions. Its one-stop solution means that developers can build tokens and decentralized applications without the requirements of learning specific programming languages ​​or frameworks such as Solidity, Substrate and Rust.

Developers can also create smart contracts within their network using open APIs in multiple programming languages ​​and known coding tools. Hathor also offers a developer-friendly headless wallet that is useful for complex applications.

Hathor provides fewer gateways for end users, and anyone can cash out custom tokens within minutes using their mobile phone or desktop wallet. All that is required is to lock 1 HTR token for every 100 units of custom token created.

Non-fungal tokens have been a growing trend in the crypto world due to their application in digital art, sports and entertainment. Users can monetize NFTs within Hathor’s desktop wallet without any technical knowledge. NFT monetization only costs 0.02 HTRs to be created, and users can transfer them within the Hathor blockchain without extra transaction fees.

Merged Mining concept

Hathor is one of the few blockchain protocols that uses the concept of Fused Mining. Merged mining enables the mining of more than one cryptocurrency without the need for additional demonstration work.

Proof of work is an energy-consuming algorithm but provides apparent advantages in security and decentralization. Merged mining enables miners to increase their investment at reduced costs because they do not have to purchase additional hardware to mine additional cryptocurrencies.

Miners can mine Hathor tokens HTR on F2Pool and Poolin, two of the most popular mining pools on the bitcoin network. Also, the current HTR mining rewards will be halved as of January 5, 2022, from 32 to 16 tokens per block.

Key collaborations and use cases

Hathor has experienced mass adoption since its main network launch in 2020 and has been deployed through several projects. Some include 9Block, an NFT platform built by Brazilian influencer Felipe Neto, AfferoFlow, Kick-Off Music and Databoi.

Dropull, an NFTs platform for in-game items in Cidade Alta, one of the largest gaming servers in Latin America with 120,000 active users, is also hosted on Hathor. In addition, the blockchain protocol has also launched Hathor Green, an initiative that encourages miners within their protocol to use green energy.

In addition, the blockchain protocol agreed a strategic partnership with Simplex to launch a debit card within its ecosystem. Hathor is also integrated with popular hardware wallet Ledger, and users can store their tokens using the device.

An exciting future ahead

La Hatoro team continued to work on new updates and partnerships that will stimulate the growth of its ecosystem and HRT token. An NFT project is currently building a dedicated NFT marketplace on Hathor, while HathorSwap, DEX, is expected to be launched in the coming weeks.

Hathor has massive potential, and its simple access to blockchain applications puts it in the right place to become a major crypto stakeholder in the future.


This is a press release. Readers must do their own due diligence before taking any action related to the promoted company or to any of its affiliates or services. Bitcoin.com is not liable, directly or indirectly, for any damage or loss caused or allegedly caused by or in connection with the use or reliance on any content, goods or services mentioned in the press release.

Image Credits: Shutterstock, Pixabay, Wiki Commons



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