Hathor

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Discover Hathor's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Hathor?

Hathor (HTR) is a cryptocurrency native to the Hathor Network, a blockchain platform designed for scalability, ease of use, and accessibility. It combines blockchain and Directed Acyclic Graph (DAG) technology to facilitate fast and efficient transactions with minimal fees. HTR is used for network operations, governance, and as a digital currency, making it a versatile and user-friendly option for various crypto applications.

How is Hathor used?

Hathor (HTR) is the native cryptocurrency of the Hathor Network, a blockchain platform designed for scalability, ease of use, and innovative infrastructure. HTR serves multiple purposes within the ecosystem:

  1. Transactions: HTR is used for transacting between network participants, facilitating seamless and cost-free transactions.
  2. Network Governance: HTR is involved in network governance, allowing holders to participate in decision-making processes.
  3. Staking: HTR can be used for staking, which helps secure the network and rewards participants.
  4. Custom Tokens: HTR enables the creation of custom tokens, which can be used for various purposes such as fundraising and loyalty schemes.
  5. Mining: HTR is mined using a Proof-of-Work (PoW) system, similar to Bitcoin, but with its own unique tweaks. This allows for merged mining with Bitcoin and Litecoin, making it more energy-efficient.

Overall, HTR is essential to the Hathor Network's ecosystem, providing a versatile and accessible cryptocurrency for various use cases.

How do I store Hathor?

To store Hathor (HTR) tokens, you can use a Ledger hardware wallet. Here are the steps to follow:

  1. Update Your Ledger Firmware:

    • Ensure your Ledger S firmware is at least 2.0.0 or your Nano X is at least 1.3.0. Update if necessary.
  2. Install the Hathor App:

    • Connect your Ledger to Ledger Live and search for Hathor in the App Catalogue. Click on Install.
  3. Update Your Hathor Desktop Wallet:

  • Ensure your Hathor Desktop Wallet is at least version 0.20.1. Download the latest version from the Hathor website if needed.
  1. Reset Your Wallet:

    • Reset your current wallet by clicking on "Reset all Data" after backing up your seed phrase. This will erase your private keys but not your funds.
  2. Create a New Seed Phrase:

    • Generate a new seed phrase, which will create a new wallet with new private keys and addresses. Transfer your funds from your old wallet to this new one.
  3. Store Your Tokens:

  • Once set up, you can store your HTR tokens securely on your Ledger hardware wallet. This provides an extra layer of protection against hacking attacks.

Additionally, you can store custom tokens and NFTs on your Ledger as well. This feature allows for efficient and reliable exchange of tokens simultaneously on the same transactions.

How to buy Hathor?

To buy Hathor (HTR) tokens, follow these steps:

  1. Create an Account: Sign up for an account on a reputable cryptocurrency exchange such as Gate.io, AscendEX, or Kucoin. This will serve as your portal for purchasing and managing your HTR tokens.

  2. Choose a Funding Method: Select a suitable payment method to fund your account. Common options include credit/debit cards, bank deposits, P2P trading, and third-party payment channels. Ensure the exchange supports your chosen method.

  3. Buy HTR: Navigate to the Buy & Sell section, select HTR as the cryptocurrency you want to buy, and specify the amount you wish to purchase. You can trade HTR against USDT or other supported pairs.

  1. Transfer to Wallet (Optional): After purchasing, you can either hold your HTR in your exchange account or transfer it to a personal cryptocurrency wallet like Metamask for additional security and flexibility.

For more detailed instructions and specific exchange requirements, refer to the guides provided by Gate.io, AscendEX, or other exchanges you choose to use.

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History of Hathor

Hathor (HTR) is a decentralized blockchain platform that was launched in 2020. It was designed to provide a scalable and secure infrastructure for financial transactions and contracts. The network combines a directed acyclic graph (DAG) with blockchain technology to ensure fast and efficient transactions with minimal fees.

Hathor's founders recognized the need for a scalable and robust blockchain infrastructure, which led to the inception of the Hathor Network and the development of the Hathor (HTR) cryptocurrency. The network aims to provide an easy-to-use and accessible infrastructure for developers and businesses to build decentralized solutions.

Hathor's unique features include its hybrid architecture, which blends DAG technology with a blockchain foundation. This design addresses common blockchain bottlenecks like network congestion and high costs, making it an attractive choice for various crypto applications.

The native token of Hathor, HTR, is used for network operations, governance, and as a digital currency. It can be acquired through various methods, including purchasing from cryptocurrency exchanges, participating in token sales or airdrops, and mining through the Hathor consensus protocol.

Hathor has been gaining popularity among investors and enthusiasts due to its innovative technology and potential for growth. Its market capitalization reflects its growing adoption and trust among investors.

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How Hathor works

Hathor (HTR) is a cryptocurrency that operates on a unique hybrid architecture, combining the benefits of blockchain and Directed Acyclic Graph (DAG) technologies. This innovative design allows for enhanced scalability, faster transaction times, and minimal fees, making it an attractive option for various crypto applications.

Mining and Consensus

Hathor uses a classic Proof-of-Work (PoW) consensus algorithm, similar to Bitcoin, but with its own tweaks. The mining process involves using an ASIC (Application-Specific Integrated Circuit) to solve complex mathematical problems, which helps secure the network and validate transactions. The algorithm used is SHA256, the same as Bitcoin, making it compatible with Bitcoin and Litecoin miners. This allows for merged mining, where miners can simultaneously mine HTR and other SHA256-based coins like Bitcoin and Litecoin without losing any profit.

Token Creation and Customization

One of the key features of Hathor is its simplicity in creating custom tokens. Users can create their own tokens with just a few clicks, making it accessible to both novice and experienced users. The created tokens operate with similar safety parameters to the native HTR token, and their initial value is set to 1 HTR. This feature opens up possibilities for entrepreneurs and hobbyists to create digital assets for various purposes, such as financial participation, loyalty points, or proof of ownership.

Nano Contracts

Hathor also incorporates nano contracts, which are simplified smart contracts designed for users with limited or no coding knowledge. These contracts are similar to templates, making it easier to set up and use them. Nano contracts aim to eliminate transaction fees and provide a lightweight alternative to traditional smart contracts.

Atomic Swaps

Another important feature of Hathor is atomic swaps, which enable the reliable exchange of separate tokens simultaneously within the same transaction. This feature enhances the efficiency of the network and allows for seamless token exchanges.

Governance and Community

Hathor prioritizes community and user experience, providing a system that is both sophisticated in design and easy to use. The native HTR token serves multiple purposes, including network governance, making it a crucial part of the ecosystem.

Storage and Wallets

HTR tokens can be stored in a wallet, which provides a secure and accessible way to manage and use the tokens. The wallet also allows users to participate in network governance and conduct transactions.

Overall, Hathor's unique architecture and features make it a promising cryptocurrency project that addresses common blockchain issues like scalability and high fees, while providing a user-friendly experience and innovative solutions for token creation and smart contracts.

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Hathor's strengths

The token Hathor (HTR) has several strengths that set it apart from other cryptocurrencies:

  1. Scalability: Hathor's unique architecture, which combines blockchain and Directed Acyclic Graph (DAG) technologies, allows for faster transaction times and higher scalability compared to traditional blockchain networks like Bitcoin and Ethereum.

  2. Free Transactions: One of the most significant advantages of Hathor is that transactions are always free, eliminating the need for users to pay fees for transactions.

  3. Easy Token Creation: Users can create custom tokens on the Hathor Network with just a few clicks, making it accessible to non-technical users and opening up opportunities for entrepreneurs and hobbyists alike.

  1. Merged Mining: Hathor allows merged mining with Bitcoin and Litecoin, which means miners can participate in the mining of HTR without additional hardware or energy expenditure, making it more environmentally friendly.

  2. Security: Hathor employs robust security measures, including a Proof-of-Work consensus mechanism, to protect against attacks and ensure the integrity of the network.

  3. Decentralized: The network is designed to maintain decentralization, ensuring that there are no intermediaries and that transactions are secure, transparent, and immutable.

  1. User-Friendly: The platform prioritizes user experience, making it easy for individuals and businesses to integrate and use the network without requiring extensive technical knowledge.

These strengths position Hathor as a promising solution for those seeking a scalable, secure, and user-friendly blockchain platform.

Hathor's risks

Hathor (HTR) is a cryptocurrency that operates on a proof-of-work blockchain, merged-mined with SHA256 coins like Bitcoin. This approach reduces energy consumption and costs, making it a more sustainable option. Despite its unique features, Hathor still carries some financial risks.

Risk Assessment

Hathor's risk assessment varies depending on the source. InvestorsObserver has given Hathor a moderate risk score, indicating that it is a relatively moderate risk investment. However, in a later assessment, the same source categorized Hathor as a high-risk investment, suggesting that portfolio managers should be cautious due to the potential for price manipulation.

Market Volatility

Hathor's market capitalization and trading volume can impact its price stability. If the market experiences significant fluctuations, the value of HTR could be affected, leading to potential losses for investors.

Limited Adoption

Hathor is still a relatively new and lesser-known cryptocurrency. Its limited adoption and smaller community compared to more established projects like Cardano or Polkadot can make it more vulnerable to market changes and reduce its overall stability.

Dependence on Merged Mining

Hathor's mining is tied to the success of other networks, such as Bitcoin. If the mining of these networks were to decline, it could impact the security of the Hathor network, although this risk is considered low.

Regulatory Uncertainty

Cryptocurrencies are still subject to evolving regulatory environments, which can create uncertainty and potential risks for investors. Changes in regulations could impact the value and usability of HTR.

Technical Risks

While Hathor's novel architecture aims to resolve scalability and decentralization issues, it is still a developing technology. Technical issues or security breaches could occur, affecting the stability and value of the cryptocurrency.

In summary, Hathor carries a mix of financial risks, including market volatility, limited adoption, dependence on merged mining, regulatory uncertainty, and technical risks. Investors should carefully consider these factors before investing in HTR.

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Did Hathor raise funds?

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Hathor’s team

  • Volker Kuebler: Chief Executive Officer (CEO) with extensive global operations management experience, specializing in strategic data optimization and data mining using artificial intelligence.
  • Yan Martins: Co-founder and former CEO, now serving as a company advisor.
  • Marcelo Brogliato: Co-founder and Chief Technology Officer (CTO), who proposed the novel architecture solution in his PhD thesis.
  • Layla Mendes: Co-founder and Chief Financial Officer (CFO).
  • Pedro Ferreira: Co-founder and Senior Engineer.
  • Jan Segre: Co-founder and Senior Engineer.
  • Diego Guareschi: Chief Marketing Officer (CMO).

Whalee AI

The fundamental analysis assistant for crypto value investors.

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