𝗧𝗵𝗶𝘀 𝗣𝗿𝗼𝗷𝗲𝗰𝘁 𝗪𝗶𝗹𝗹 𝗕𝗲 𝗧𝗵𝗲 𝗠𝗶𝗰𝗿𝗼𝘀𝗼𝗳𝘁 𝗼𝗳 𝘁𝗵𝗲 𝗕𝗹𝗼𝗰𝗸𝗰𝗵𝗮𝗶𝗻 𝗘𝗿𝗮

7 min readOct 10, 2020

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, the ability to scale, ease of use, and implementation.

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), which 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 transaction 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. But, 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 builtin oracles 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 but 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, custom token and nano contract I asked to team more about this meeting but because NDAs they can’t discuss it with me.

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 can use Hathor Network for every day…

👉 Peer-to-peer crypto trading.

👉 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 or the Nikkei)

👉 Selling digital artwork that can’t be duplicated.

👉 Building lending services that can replace banks and savings accounts.

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

👉 Launching virtual worlds where users can create their own currencies and local economies.

👉 Issuing insurance policies that are automatically paid out when certain conditions are met (like drought insurance for a farmer that gets paid out if rainfall in his area doesn’t exceed a predetermined level).

👉 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).

👉 Replacing the concept of limited liability corporations (LLCs) with decentralized autonomous organizations (DAOs) — a platform where strangers can collaborate on projects, make money together, and vote over issues like the organization’s leadership and usage of the Treasury.

👉 Launch margin-trading platforms that are open to everyone.

Essentially, Hathor Network provides a way to codify, decentralize, secure, and trade just about anything instantly.

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 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, read the achievement of the team on Hathor Network about us page. If I list it here I may have to write another few pages trying to keep small as much I can!