Hathor (HTR) operates as a transactional consensus platform. It was created as a Proof-of-Work platform designed in particular for small-scale financial transactions and contracts. As defined by the team it is a “scalable distributed ledger for real-world applications.

The platform launched in 202 and seeks to provide a solution to issues of balancing scalability and decentralization within a blockchain environment. It features a novel architecture that is designed from a combination of features from both Directed Acyclic Graph (DAG) and blockchain and is fundamental to its functionality.

HTR is the Hathor Network’s native token. It is a utility token that is needed as payment for the ecosystem’s various functions.

What are Hathor’s key features and how does it work?

As mentioned, Hathor’s architecture is crucial to the way it operates. It includes is comprised of a chain of mined blocks inside a DAG of transactions. The platform is secured through its use of blockchain technology when the number of transactions remains small, and the DAG system is better suited when transaction numbers are higher. In essence, the platform operates as a blockchain interlinked within a DAG.

With blockchain technology, transactions are ordered in a linear fashion. Whereas DAG organizes transactions are organized like branches on a tree. Blockchain transactions are validated one after the other, but DAG transactions are able to be validated simultaneously. Transactions on the network are validated by being linked to an already existing transaction that is already confirmed. This bypasses the Proof-of-Work validation mechanism.

This innovative architecture offers network participants various benefits. This includes lower transaction fees, indeed transactions via Hathor are free. Furthermore, in the case of many transactions occurring on the network simultaneously, neither speed nor security is affected, whilst still remaining completely decentralized.

Additionally, the platform allows for merged-mining with both Bitcoin and Litecoin. As such, miners can take part in HTR mining whilst simultaneously mining for Bitcoin and Litecoin. In this manner, miners receive profits from Bitcoin and Litecoin and can also receive HTR incentives through no extra work.

Nano contracts are also under development on Hathor Network. In terms of functionality, they work much the same as smart contracts however require significantly less computation power, as well as lower fees. Atomic swaps are also available on the network. Separate tokens can be exchanged instantaneously in one transaction.

What is noteworthy about Hathor Network?

The network allows developers to create their own custom tokens. The newly created tokens adopt the same security and scalability features as native HTR tokens and can be used as loyalty points, for financial participation in stocks, amongst other use cases.

Where can you buy HTR?

HTR is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are Kucoin, AscendX, and Gate.io.

The price of HTR will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for HTR market price, please view the price charts on this page.