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932024-06-02
Web 3.0 is a concept that has been in vogue for the better part of the decade due to its massive potentials.
The ability to have applications digest large-scale information needs interoperability and cross-compatibility within a network of computers.
Blockchain technology has been designated as the possible solution to driving web3.0 applications due to its unique applications in different sectors. Smart contracts have proven useful and have been used to develop several automated solutions that have transformed finance.
However, the complex nature of smart contracts and codes for many blockchains have ensured that adoption has been limited to developers and tech junkies. Hathor is a blockchain protocol that changes this perception with its innovative approach.
Hathor is a blockchain protocol built on the proof-of-work consensus and deploys DAG and blockchain data infrastructure. It is a highly cerebral project and has scientific and academic personnel in its team.
Hathor is built on the proof-of-work consensus, which ensures security and decentralization compared to other blockchains. However, to mitigate against the problems of P-O-W, Hathor has deployed merged mining which allows the mining of multiple cryptocurrencies without added effort. As a result, miners can mine Hathor tokens and bitcoin without the need to get extra hardware or higher electricity costs.
The key concept of Hathor is providing a blockchain network where all can build decentralized based solutions. This has made it garner the nickname of the ‘’Wordpress of blockchain’’ due to the shared simplicity of building solutions.