Hathor Network Hathor Network is a scalable and simple solution to financial decentralization. It was launched in January 2021 through Hathor Labs, Hathor aims to make making new crypto tokens more efficient to access and easier. The tokens that are created on the network will have the same flexibility and characteristics of those of Hathor indigenous HTR token.
The network is able to process transactions that use a mixed DAG (Directed Acyclic graph) and blockchain technology. The technology is highly original and exclusive to Hathor.
What’s a DAG? In essence using the DAG system there aren’t any blocks, as opposed to the blockchain system that is more popular. Each transaction is recorded in addition to each other, in a process called verticles. The transaction is then transmitted to the DAG via nodes, which is like the blockchain system. To allow the transaction to go smoothly, the network node has to participate in the network’s proof-of-work mechanism. Other crypto projects like IOTA, Nano, and Obyte are also using this DAG system.
Hathor is a project that aims to resolve the issue of the issue of scaling and maintaining decentralization among cryptocurrency projects, referred to as the blockchain trilemma. It does this by incorporating mining blocks within every transaction’s DAG. Blockchain technology makes transactions secure if the amount in transactions per second are low. The DAG becomes relevant as it grows.
Hathor claims that they have selected the option they chose because it’s efficient, scalable, and decentralized. efficient. According to their executive summary, their primary motivation for this project comes from IOTA. Hathor is aiming to address the issues IOTA faces, like their DAG solution not working enough when the amount of transactions per second is not that large. In a sense, Hafthor’s design is a hybrid with Bitcoin as well as IOTA.
As we have mentioned previously, Hathor, because of its DAG technology, makes use of Proof of Work mining. The consensus mechanism is linked to Bitcoin as well as Litecoin Mining rewards. This makes sure that the rewards are distributed evenly without the loss of the principle of decentralization.
Hathor also utilizes Nano-Contracts which are similar to Smart Contracts on Ethereum, but with much smaller fees and more computation power. The contracts make use of oracles to ensure that the contracts are reliable sources of data.
Atomic Swaps is also integrated with the Hathor network. Different tokens can be exchanged in the same transaction, thereby increasing the security of transactions and improve efficiency. Additionally, HathorSwap an alternative native for Atomic Swaps, is in development. It will be interesting to discover how they can finish the project.
Hathor offers an exclusive customized token creation feature. To create a custom token, put 1% of your stake in HTR of the number of tokens that you want to create. If you decide to use your tokens to burn then you will be able to redeem your HTR is returned.
The easy and quick token creation process and HTR lock-up, if completed enough, will decrease the circulation of supply and lower inflation.
Hathor is an open-sourceproject that is decentralized and decentralized The community plays significant influence on the process of developing the project. The proposal to Hathor Network Hathor Network is discussed on their Telegram channel, which has over 14000 members. The network’s changes can also be discussed in their Discord channel, which is home to around 5 thousand users. Modifications to the code can be found available on Hathor’s Github.
Their social media credibility is decent, but not outstanding. Their Twitter account has more than 28 thousand followers , and their subreddit has around one thousand.
Market HTR price prediction
Wallet Investor gives Hathor an A+. The website is positive on the project and forecasts the price to reach $1.3 for 2021 as well as $8.2 in 2026.
Digitalcoin is not as optimistic about the project , and forecasts that the price will hit $0.67 by 2021, and $1.61 in 2026.
Gov Capital is extremely positive about the project , and forecasts the price to reach $2 in 2021 and $10.3 in 2026.
Our HTR Price Prediction 2021
Hathor is a fantastic application and technology. The more you learn the more you start to realize the potential of this venture. Hathor could be a good long-term investment, as the cost can skyrocket following vesting, halving, or successful implementation of the plan.
Then HTR is also a possibility for a price increase in the near-term as more and more buzz is being created about this project. Kucoin has disclosed HTR and it has risen from to $0.20 to $1.90 record-setting.
There was a recent downward trend in the price, which has dropped to current levels of $0.5 between $0.4 and $0.4. But if the bull market kicks in again I can imagine the price reaching at least $2 in the coming year.
Hathor remains a modest project. As of June 2021 the market cap will be approximately $86 million. This is the third largest. In order for HTR to be able to compete with a mid-cap rival like AVAX the company would need to grow at 30 times. To reach the top players in the market HTR would have to climb to go up to a 280x level for DOT, 600x to get to ADA as well as a staggering 3600x to get to the king of DeFi, ETH.
Of course that launching small-scale projects early can be a good idea. HTR can explode in value and eventually become one of the largest players in the water. But , the opposite is also true. Projects such as Cardano as well as Ethereum are leaders due to the fact that people know the value of their projects. Hathor has a lot of competitors, and has a some way to go to get into the elite group of.
HTR Price Prediction 2025 – 2030
I do not believe that HTR has a business model that is unique enough to distinguish it from other projects present in the marketplace. However I do think there’s a place for smaller ventures like HTR in the near future however I don’t think it will become a huge. Of course, everything could change when new or original modifications are made to the HTR network. However, as of right the moment, I see HTR reaching a maximum of $6 in 2026.
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