𝗧𝗵𝗶𝘀 𝗣𝗿𝗼𝗷𝗲𝗰𝘁 𝗪𝗶𝗹𝗹 𝗕𝗲 𝗧𝗵𝗲 𝗠𝗶𝗰𝗿𝗼𝘀𝗼𝗳𝘁 𝗼𝗳 𝘁𝗵𝗲 𝗕𝗹𝗼𝗰𝗸𝗰𝗵𝗮𝗶𝗻 𝗘𝗿𝗮

I am going to review another project today which could give us thousands of percent gains from solving a big blockchain weakness we currently have.

Thread $HTR

This new blockchain isn’t just a digital form of payment… Yes, it came with its own currency. But it is so much more than that.

It is an intelligent independent computing platform that could operate without human involvement. On this platform, entrepreneurs and computer programmers could build the apps of the future (called "nano contracts"). It is, a game-changer with massive profit potential I believe.

This rare project is still largely unknown to those who are new or don’t keep up with the blockchain and cryptocurrency space. So the amount of information available about it is limited since the project was in development for 6 years and recently listed on the exchange.

Previously the only way to buy is through the OTC market, as per my conversation with the team tier-one exchange listing coming soon in Q4.

𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐢𝐧𝐠 𝐇𝐚𝐭𝐡𝐨𝐫 𝐍𝐞𝐭𝐰𝐨𝐫𝐤: 𝐓𝐡𝐞 𝐌𝐢𝐜𝐫𝐨𝐬𝐨𝐟𝐭 𝐨𝐟 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐄𝐫𝐚

Hathor Network is established after 6 years of academic research, created from scratch it combines both Proof of Work (POW) + Directed Acyclic Graph (DAG)

Proof of Work (POW) + Directed Acyclic Graph (DAG), ensures security like bitcoin blockchain on the network combined with a DAG structure to accomplish fast transaction and a scalable network.

𝐂𝐮𝐫𝐫𝐞𝐧𝐭 𝐏𝐫𝐨𝐛𝐥𝐞𝐦 𝐖𝐞 𝐇𝐚𝐯𝐞

Bitcoin has been growing all around the world but becoming a victim of their own success, there are still many challenges to be overcome like scaling, spamming, and centralization.

In order to support the adoption rate of cryptocurrencies for everyday transactions, the network must scale to support hundreds of transactions per second, while its capacity is around only eight transactions per second.

Thus, the more Bitcoin becomes popular, the more saturated the network will. May affect the network, the transaction fees have to be increased to compete for faster confirmation.

The scaling problem is not precisely an issue of Bitcoin, but an issue of the 𝗣𝗼𝗪 𝗰𝗼𝗻𝘀𝗲𝗻𝘀𝘂𝘀 𝗮𝗹𝗴𝗼𝗿𝗶𝘁𝗵𝗺 in a Blockchain network. Hence, all other Blockchain-based cryptocurrencies have the same limitations, such as Litecoin, Bitcoin Cash, and Ethereum.

Some cryptocurrencies varies a lot from Bitcoin like IOTA uses a 𝗗𝗶𝗿𝗲𝗰𝘁𝗲𝗱 𝗔𝗰𝘆𝗰𝗹𝗶𝗰 𝗚𝗿𝗮𝗽𝗵 (𝗗𝗔𝗚) model called tangle, which the most notorious implementation is Iota. The scaling problem of tangle is exactly the opposite of Bitcoin’s.

𝗗𝗔𝗚 𝗠𝗼𝗱𝗲𝗹 neither required mining nor confirmation blocks and transaction fees. Each transaction has its own proof-of-work and is used to confirm other transactions, forming a directed acyclic graph of transactions.

Thus cryptocurrency must have at least a given number of transactions per seconds; otherwise, the transactions will not be confirmed and the network will collapse.

𝗪𝗵𝗶𝗹𝗲 𝗜𝗼𝘁𝗮’𝘀 𝗻𝗲𝘁𝘄𝗼𝗿𝗸 𝗵𝗮𝘀 𝗻𝗼𝘁 𝗿𝗲𝗮𝗰𝗵𝗲𝗱 𝘁𝗵𝗶𝘀 𝗺𝗶𝗻𝗶𝗺𝘂𝗺 𝗻𝘂𝗺𝗯𝗲𝗿 𝗼𝗳 𝘁𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻𝘀 𝗽𝗲𝗿 𝘀𝗲𝗰𝗼𝗻𝗱, it uses a central coordinator which works as a trustworthy node that stamps which transactions are valid and which are not.

The presence of a 𝗰𝗼𝗼𝗿𝗱𝗶𝗻𝗮𝘁𝗼𝗿 just explains that the IOTA tangle does not seem to work properly under a low volume of transactions and fluctuations in the number of transactions per second may severely affect Iota’s trustworthiness.

This where 𝗛𝗮𝘁𝗵𝗼𝗿 𝗡𝗲𝘁𝘄𝗼𝗿𝗸 comes harnessing the power of 𝗕𝗶𝘁𝗰𝗼𝗶𝗻, 𝗘𝘁𝗵𝗲𝗿𝗲𝘂𝗺, 𝗮𝗻𝗱 𝗜𝗢𝗧𝗔, using 𝗣𝗿𝗼𝗼𝗳 𝗼𝗳 𝗪𝗼𝗿𝗸 (𝗣𝗢𝗪) + 𝗗𝗶𝗿𝗲𝗰𝘁𝗲𝗱 𝗔𝗰𝘆𝗰𝗹𝗶𝗰 𝗚𝗿𝗮𝗽𝗵 (𝗗𝗔𝗚).

When the number of new transactions is low, the confirmations are mostly made by the blocks, just like in Bitcoin.

As the number of new transactions increases, transactions also contribute to other transaction confirmation, making them confirm faster unlock the possibility of conducting 𝗺𝗶𝗰𝗿𝗼-𝘁𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻𝘀, and 𝗵𝗶𝗴𝗵 𝘀𝗰𝗮𝗹𝗮𝗯𝗶𝗹𝗶𝘁𝘆 for 𝗛𝗮𝘁𝗵𝗼𝗿 𝗡𝗲𝘁𝘄𝗼𝗿𝗸.

One of the biggest barriers to crypto adoption in my opinion has been the complexity level that most blockchains exhibit. Hathor makes 𝘁𝗼𝗸𝗲𝗻𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝘂𝘀𝗲𝗿-𝗳𝗿𝗶𝗲𝗻𝗱𝗹𝘆 better anyone with no technical knowledge can create a token in a few clicks.

I am waiting for the implementation of 𝗻𝗮𝗻𝗼 𝗰𝗼𝗻𝘁𝗿𝗮𝗰𝘁 (a simplified version of smartcontract) with builtin𝗼𝗿𝗮𝗰𝗹𝗲𝘀 𝗼𝗻 𝗛𝗮𝘁𝗵𝗼𝗿 𝗡𝗲𝘁𝘄𝗼𝗿𝗸 𝗶𝘁 𝘄𝗶𝗹𝗹 𝗯𝗲 𝗹𝗶𝗸𝗲 𝗘𝘁𝗵𝗲𝗿𝗲𝘂𝗺 𝗮𝗻𝗱 𝗣𝗼𝗹𝗸𝗮𝗱𝗼𝘁 𝗹𝗶𝘁𝗲𝗿𝗮𝗹𝗹𝘆 𝗼𝗻 𝘀𝘁𝗲𝗿𝗼𝗶𝗱𝘀

The platform was built to allow any use cases to use its protocol, so anyone could use Hathor to build anything, not only tokens.

The team currently decided to focus on tokens, as an example of the possibilities of the technology and because of the market need for a tokenization platform simple to use and scalable.

In December 2018 Brazilian one of the largest development banks in the world revealed that it will launch a pilot for the BNDES token, which is backed 1-for-1 by the national currency and runs on the Ethereum blockchain

The interesting thing is in 2019 The National Bank for Economic and Social Development (BNDES) of Brazil invited Hathor Team to discuss the application of Hathor Network for bond issuance, a custom token, and nano contract.

𝗛𝗮𝘁𝗵𝗼𝗿 𝗡𝗲𝘁𝘄𝗼𝗿𝗸 𝗵𝗲𝗹𝗽𝗶𝗻𝗴 𝗺𝗼𝗿𝗲 𝘁𝗵𝗮𝗻 𝟭𝟬 𝗰𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲𝗶𝗿 𝘂𝘀𝗲 𝗰𝗮𝘀𝗲𝘀. The team has signed several NDAs about the use cases. There are companies from retail, brewery, knowledge tracking, corporate training, etc.

As entrepreneurs can bring things like Defi, Credit Scoring to Hathor Network after Nano Contract Implement, we could see the launch of mortgages, car loans, student loans, and more – all directly on the Hathor Network could reset the financial system completely.

𝐇𝐞𝐫𝐞 𝐚𝐫𝐞 𝐣𝐮𝐬𝐭 𝐚 𝐟𝐞𝐰 𝐞𝐱𝐚𝐦𝐩𝐥𝐞𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐭𝐡𝐢𝐧𝐠𝐬 𝐩𝐞𝐨𝐩𝐥𝐞 𝐮𝐬𝐞 𝐇𝐚𝐭𝐡𝐨𝐫 𝐍𝐞𝐭𝐰𝐨𝐫𝐤 𝐟𝐨𝐫 𝐞𝐯𝐞𝐫𝐲 𝐝𝐚𝐲…

Peer-to-peer crypto trading.
Selling digital artwork that can’t be duplicated.

Tracking food and luxury goods through every stop on the supply chain so that buyers can verify they’re authentic, see where they were produced, and track things like food recalls and an item’s status as organic or free-range.

Issuing and trading ìnancial derivatives (like the ability to trade shares that match the performance of the S&P 500 )

Building lending services that can replace banks and savings accounts.

Creating video game suits and weapons that can be in several different games.

Creating land registries so that governments and banks can more efìciently track real estate holdings.

Issuing and spending or trading cryptos that are pegged to ìat currencies (like digital versions of the U.S. dollar, the Japanese yen, and the British pound).

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐔𝐬𝐞 𝐂𝐚𝐬𝐞𝐬 𝐎𝐧 𝐌𝐲 𝐌𝐞𝐝𝐢𝐮𝐦 𝐏𝐨𝐬𝐭 https://link.medium.com/Bj53WKKStab 

𝐁𝐚𝐜𝐤𝐠𝐫𝐨𝐮𝐧𝐝 𝐨𝐧 𝐇𝐚𝐭𝐡𝐨𝐫 𝐍𝐞𝐭𝐰𝐨𝐫𝐤 $𝐇𝐓𝐑 𝐓𝐨𝐤𝐞𝐧

A total of 1,051,479,680 $HTR out of 84,048,933 $HTR in circulation that would put the marketcap of $HTR around $21 million at $0.25/HTR.

These numbers will be fully updated via a team in the upcoming tokenomics paper, will be released within the next 2 weeks.

Hathor Network kicked off without any ICO and IEO. Only $500k was raised privately for the development of Hathor Network, as per a recent announcement from the team detailed tokenomics paper will be released within the next 2 weeks.

I am expecting a reduction in token supply and staking announcement for $HTR once the tokenomics paper out.

The $HTR token information is available from @CoinMarketCap and @coingecko , and tokens are available for purchase on qTrade or through OTC Market.

The Hathor team is constantly exploring ways to make a more sustainable ecosystem for users, according to team Tier 1 listing is due in Q4 2020.

𝐇𝐚𝐭𝐡𝐨𝐫 𝐍𝐞𝐭𝐰𝐨𝐫𝐤 𝐓𝐞𝐚𝐦 & 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐬

Hathor Team is a small group of innovative people solving some of the biggest problems of the industry.

𝐌𝐨𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐇𝐚𝐭𝐡𝐨𝐫 𝐍𝐞𝐭𝐰𝐨𝐫𝐤

Website: https://hathor.network 
Twitter Account: https://twitter.com/HathorNetwork 
Telegram: https://t.me/HathorOfficial 

𝐑𝐞𝐚𝐝 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐇𝐚𝐭𝐡𝐨𝐫 𝐍𝐞𝐭𝐰𝐨𝐫𝐤 𝐑𝐞𝐯𝐢𝐞𝐰 𝐎𝐧 𝐌𝐞𝐝𝐢𝐮𝐦 https://link.medium.com/Bj53WKKStab