Hathor (HTR) is a blockchain platform and native cryptocurrency designed to provide a scalable and versatile infrastructure for decentralized applications (dApps) and token creation.
Hathor focuses on achieving high scalability to accommodate a large number of transactions per second (TPS). Its design aims to support various use cases, from simple token transfers to complex smart contracts.
It allows users to create custom tokens on its blockchain, making it a versatile platform for various tokenization needs. These tokens can represent assets, loyalty points, or any other digital or physical item.
Hathor utilizes a novel consensus mechanism called “Asynchronous DAG” (Directed Acyclic Graph) to secure its network. This mechanism is designed to prevent double-spending and maintain network security.
Compatibility: Hathor is compatible with other blockchain networks, enabling interoperability and the exchange of assets between different blockchains.
HTR is the native cryptocurrency token of the Hathor network. It is used to pay transaction fees when conducting operations on the Hathor network, such as token transfers and smart contract interactions.
Node operators can earn HTR tokens as incentives for securing and maintaining the network.
Disclaimer. This article is for informational purposes only and should not be viewed as an endorsement by CoinIdol. They are not a recommendation to buy or sell cryptocurrency. Readers should do their research before investing in funds.
