The price of Hathor Network has fallen by 0 in the past 7 days. The price declined by 0 in the last 24 hours. The current price is €0.0775 per HTR. Hathor Network is ∞% below the all time high of €0.00.
The current circulating supply is 251,990,416 HTR.
What is Hathor Network (HTR)?
Hathor Network is an innovative blockchain platform that merges Proof of Work (PoW) and Directed Acyclic Graph (DAG) technologies. This unique combination aims to tackle common blockchain challenges like scalability, decentralization, and security. It was conceived as part of a Ph.D. thesis by Marcelo Brogliato and has since evolved into a user-friendly platform for mainstream users. Hathor's architecture allows it to handle high-speed transactions efficiently, catering to both teams and individuals looking to build decentralized solutions.
Hathor Network has formed key partnerships with projects like Chainlink and Ledger. It has also seen growing adoption within the blockchain community, with various projects being built on its platform. For example, Brazilian influencer Felipe Neto launched an NFT project on Hathor, and other projects like EON and WorkAxle have chosen Hathor for their blockchain solutions.
How does Hathor Network (HTR) work?
Hathor Network's unique architecture combines the robustness of Bitcoin-level blockchain technology with the efficiency and scalability of Directed Acyclic Graph (DAG) technology. This hybrid approach enables Hathor to address common scalability and efficiency issues faced by traditional blockchains.
A standout feature of Hathor is its 'Merged Mining' system. This innovative mechanism allows miners to simultaneously mine Hathor and Bitcoin without incurring additional power costs, thus making it more energy-efficient and environmentally friendly. This approach not only enhances the security of Hathor's blockchain network by leveraging Bitcoin's extensive mining community but also aligns with the Hathor Green Initiative, incentivizing the use of renewable energies in mining.
In addition to the Merged Mining system, Hathor also simplifies the process of creating custom tokens. Users can easily create their own tokens on the Hathor Network without needing to understand complex concepts like ERC-20 or incurring gas fees. These custom tokens inherit the properties of HTR and offer functionalities similar to ERC-20 tokens, with added capabilities for minting and burning. This feature is particularly appealing for creators and entrepreneurs looking to leverage blockchain technology without the typical entry barriers.
Moreover, Hathor's design aims to be user-friendly, targeting mainstream adoption. It ensures that decentralized solutions can be built on a secure, scalable blockchain. The network is capable of handling a high volume of transactions per second, comparable to major payment processing platforms, making it suitable for a wide range of applications, from small-scale projects to large-scale enterprise solutions.
In essence, Hathor Network is distinguished by its innovative combination of security, scalability, and user-friendliness, along with its commitment to sustainability and ease of token creation, positioning it as a versatile and accessible blockchain platform.
What makes Hathor Network (HTR) unique?
One of Hathor's most compelling features is its token minting system, which allows users to create custom tokens easily and quickly. This system, likened to "WordPress for blockchain", enables token creation without deep technical knowledge. Custom tokens on Hathor are pegged to the HTR token and have functionalities similar to ERC-20 tokens, with added abilities like minting and burning. Hathor’s approach to token creation and management is designed to be accessible to a wide range of users, from crypto enthusiasts to those new to blockchain technology.
The HTR token: Utility & tokenomics
Hathor's native token, HTR, underpins various functionalities within the network. It allows users to access different features and is crucial for the token minting process on the platform. Although HTR is a proof-of-work token and does not support staking, it is mined similarly to Bitcoin, with a merged mining mechanism for efficiency. The HTR token has seen significant adoption and is listed on multiple exchanges and hardware wallets like Ledger. Hathor's tokenomics include a halving schedule for mining rewards, ensuring a controlled supply of HTR in circulation.
Max. supply: 926,035,328 HTR
Circulating supply: 250,139,296 HTR (January, 2024)
How to buy Hathor Network (HTR)?
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