We are pleased to announce our next AMA on December 29th 2020 at 02:00 PM UTC Time: Satoshi Club x Hathor Network
⚠️Click to see the hour
⚠️Total Reward pool: $600
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Hathor Network Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 100 seconds. You can post Max 3 questions. Hathor Network Team will select 10 questions and answer them.
Part 3: 400$ – A quiz about Hathor Network
For more details:
Hathor Network – @HathorOfficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
You claim to solve the problem of scalability with a novel architecture using both DAG and Blockchain intertwined. Please can you briefly explain how this NOVEL ARCHITECTURE works and how it positively influence your project? . Thanks
Vast majority of Crypto projects are built just for the sole purpose of amassing wealth for themselves. So, I want to know the value you aim to add to crypto industry that will bring greater abundance to the industry?
Can you expand our knowledge about Your Roadmap this year and the future and any Updates on your Research and development progress?
Projects that are not traded on major exchanges remain unnoticed. What does you think about listing the token on the leading exchanges?
One feature of Hathor’s network is the ability to create a DAG side chain by anyone based on their business necessities. Implementing Directed Acyclic Graph (DAG) is one of the ways to tackle some major issues of blockchain network such as Scalability, low speed and high transaction. You said that these side chains will have their own algorithmic logic and data structures. Bearing in mind that various private or temporary DAGs can be created to suit various business model, how are coordinator or validator’s node used in the confirmation of transaction determined? Also, how will Hathor’s main DAG interact with these side-chains to ensure that it doesn’t record transaction activities from private DAG?
One of your plans for the first quarter of 2021 is the launching of Hathor’s network Nano contracts. We are all familiar with smart contracts but this Nano contract seems to be a little different. I read where you said that Nano contracts will allow the creation of contracts in just a few minutes with only a few lines of information thereby encouraging ease of crypto adoption and implementation. That sounds incredible. Can you explain better what can be done with these Nano contracts and whether it could be incorporated with Defi features such as yield farming, DApps, staking, Liquidity mining e.t.c. Also, How safe are these Nano contracts when compared with the traditional smart contracts commonly used presently?
In October, Hathor’s Network Architecture was said to be under attack. While some attributed this to the possibility of a misbehaviour node running a compromised code on the network, other saw this as a an external malicious attack on your network. During the attack, wallets were inaccessible and hashrates were said to spiked. By now, you should have conducted a postmortem investigation into this incident to determine the cause of action and have recommendations as appropriate. So, can you tell us what really happened? Was there a financial loss? What modalities do you now have in place to forestall a future reoccurrence?
Using Hathor Network users can create their own digital tokens with customized specifications using only a few clicks.. you even stated in one of your documents that this can be done using only one click… and it is so easy to use that even a 13-years-old kid can create their own token for fun. What customizable features does Gather offer to token creators in comparison to ERC standards and other token creating platforms and how do you assure users that there was no trade-off of important aspects in your token creation platform for simplicity..
Hathor offers users the ability to do direct mining of HTR and Merged Mining with Bitcoin and Litecoin… in line with this, you have a Stratum server doing solo merged mining that anyone can use, how is this solo merged mining different, how can users setup to use your Stratum server for solo merged mining, is this Stratum server implemented for both Bitcoin and Litecoin, and why did you decide to do merged mining with both Bitcoin and Litecoin instead of just one of them…
Your plans include the implementation of Oracle integration, to bring in external inputs to your nano contracts… for now most of the Oracles integrated into most projects are price feed Oracles… what kinds of Oracles will you be integrating, and what are you looking at bringing from the external world into your nano contracts, is there any current progress regarding this
Why Hathor choose the same hash as Bitcoin? Hathor miners can get Bitcoin and Hathor, can Bitcoin miners get Hathor too?
How will Hathor build a thriving community that truly cares about and supports the project for a long time, rather than just gaining temporary benefits?
Let’s say I mint a token on the hathor network and I want to list that on an exchange that has hathor already listed. Would the exchange have to integrate a new wallet SDK or can they leverage existing integrations with hathor to also get my token listed with minor code additions?
What are the latest features combined with a scalable decentralized architecture that Hathor has built to provide the best DeFi services in the market? What tools do you use to make your network truly scalable? In terms of TPS, how fast are the operations in Hathor?
With Hathor it is possible to exchange different tokens in the same transaction. How do you ensure that there are no errors in this type of transactions? On what basis is this model built to be truly functional?
Hathor has an easier implementation of Smart Contracts that connects real world data (oracles). But we know that oracles are generally centralized tools, this does not represent a risk for the platform? How are the oracles used by Hathor to connect real world data different from other non decentralized oracles?
Hathor Nerwork has been sucessfully audited by a respected audit firm: SlowMist. Now your project can be cataloged as secure and strong. But what comes next? What kind of rewards can the bug hunters get from your Bug Bounty program?
Users can make transfers to other users, with no intermediate but Hathor. Is Hathor Network supporting Fiat-Cryptocurrencies transactions? How secure it is?
It’s said in your documentation that new transactions confirm older ones. Isn’t this consensus mechanism prone to more risks of being compromised?
What role does smart contracts play in connecting Oracle data and how is Oracle data properly and securely implemented in Nano contracts?
The scalability problem is still a major hurdle in the blockchain industry. How does the Hathor network solve this problem thanks to an architecture that is intertwined with both DAG and blockchain?
We also know that you care about Hathor embassy initiatives. How does participation in your embassy program work to help you become more known and expanded as a Hathor ambassador around the world?
Informing the Hathor Network website as regards Wallet’s safety uses a generator of private keys that depends on a word sequence. Anyone who knows this word game can make all the change that is pleased in my wallet?
In his web portal I found a topic that caught my attention in which they expose the security of the wallet, where they stipulate that the wallet address has a private key, which is similar to a password, if I keep this key in my cellular notes and
Knowing that Hathor is a digital platform for financial transactions and contracts with a unique combination of high scalability and high decentralization. Could you understand in an understandable way how is the process to perform several transactions in one?, This seems important to me to clarify it
KYC is very important in most platform, but can I still do without KYC when registering in your platform ?
How easy is your token to create, Did I need to know about ‘gas’ solidity or ERC-20 paraphernalia before creating your token ?
When Hathor Labs was created, what was the team looking for? The projects Labs are so many and competitive, what are the primary goals?
How did you solve the core problem of scalability with the use of the collaboration between DAG and Blockchain intertwined ?
How can we difference Hathor Foundation of Hathor Labs? Which are the roles of each one in the Hathor ecosystem?
There are many ways to be part of the Hathor community, but, haven’t you thought in creating an Ambassador Program? or some specific program where community could have more leadership?
On your website you comment that anyone can join the Hathor community and help it grow. Is your team thinking of developing an ambassadorship programme for your project? Do you have any initiatives in this direction at the moment?
What are the main differences between the Smart Contracts we are used to and the nanocontracts proposed by the Hathor network? What are the advantages of the latter over the former? How do you expect to improve the capabilities of these nanocontracts?
In a world as competitive as that of the Blockchain and crypto-currencies in general, there are always different options and already consolidated companies offering their services, both consulting and auditing. Could you mention to us what motivated Hathor to specifically choose SlowMist as the company that would carry out the security audit of your platform? What made it stand out, in your opinion, from the others?
A simplified version of SMART Contract, refers to the technology of the Nano Contracts, in which two or more people transfer their funds to a special transaction through Hathor Network, called Nano Contract, which will be resolved later. What tool or technology use Hathor Network in these Nano Contract for external connection? And why do they use this type of technology?
Hathor Network offers its clients a scalable and easy-to-use block string for digital assets, what are those combined functions that implement on their system to make a difference in the market?
Hathor uses a consensus Proof-of-Work (PoW), sha256d + merged mining with Bitcoin for its utility token $HTR. What is the purpose of this merge mining with Bitcoin?
What are the use cases of Hathor Network for enterprises? Can this be extrapolated also to the governments?
Hathor telegram announced that the two top-tier listings are canceled. This is something that will not good for your tokenholders and supporters. What is the next step after this setback? Are you still in negotiation woth other top-tier exchanges to try to list $HTR ?
You said your technology is a natural evolution of Bitcoin’s blockchain, achieving 200+ tps with no central coordinator or masternodes. How did you achieve that and what was the hardest part of doing it?
What was the hardest goal to achieve when it comes to Hathor roadmap and why?
What is your marketing strategy to make people not only start using Hathor, but to stay consistently active in the project for a long time?
As the main network had not been launched at the time, tokens were sold through Simple Agreements for Future Tokens (SAFTs).Can you explain more about SAFTs? How did you come up with this idea? Who were involved with this agreement? Can you share some of the deal of this agreement?
One of the outstanding features of Hathor Network is that users do not have to pay when sending or receiving. But how is this possible? Where does the money come from for the miners?
What are nano contracts? What makes them different from normal smart contracts? What benefits do they bring to Hathor Network?
I was very struck by the fact that Hartor had no ICO. What was the reason for this? Where did all the money come from?
I understand that actually developing a tokens is very simple, what is really important is to develop the project, operation and advertising campaigns, will Network Hathor be in charge of supporting these new tokens in all this? or does it just help them to create a token and voila?
Can the tokens developed with Network Hathor only be for certain characteristics of the project? Or are they really just for features with simple smart contracts? Not so for Dex exchangers like Cex, right? And what additional benefits will it provide that the competition doesn’t?
developing tokens in seconds, having a zero fee system, providing reliable scalability and great ease are all the benefits of Network Hathor? or what are the missing? And is there a problem or anomaly that has not been solved? is it totally perfect?
I was reading your website and I saw that you have a Road Map but each goal does not have a defined date, do you really have any explanation why not set that date? Or is it really very complex to achieve that goal and therefore do not understand to give a date that may not be correct?
I understand that they say that Network Hathor is the “natural evolution of the Bitcoin blockchain”, does that mean that tokens developed in minutes will be part of the BTC chain? or really what is the symbolism since Hathor is not a fork of any project?
I understand that the complexity of smart contracts is high, to the point that they need to be audited in each modification, now, Nano contracts will have the same characteristics but only simpler? Will these require an audit as well?
Large blockchain projects promise to offer scalability to any other platform, but none of them use both DAGs and interlocking Blockchains, if Hathor achieves scalability with them, does it mean that the rest of the platforms do not achieve any scalability? or can it really be achieved in many ways?
I understand in Hathor the proof of work is used and the same bitcoin hash (sha256d), but using these, will it be possible to achieve compatibility with multiple ERC tokens in the future? Or do you have to change them, since a lot of it is achieved through PoS stakes? which is not used in Hathor.
One of the ways the community can contribute to Hathor is by helping translate the platform. What languages are currently available for translation?
Miners are a key piece on Hathor’s environment: they help keeping the network secure by mining Hathor blocks. What mining software do we need to install if we want to mine Hathors (HTR)?
Hathor’s mainnet was released on Jan 3rd, 2020. Can we see the genesis block? On your medium post you stated that “Mainnet and testnet addresses are not compatible” what do you mean by this? If there is bug then why you release it’s too early?
You offer users the opportunity to create their own digital token with customized specifications on Hathor Network with only one click. Will these custom tokens work under the same technical assumptions of high scalability and decentralized consensus of your $HTR tokens?
Instead of arranging the transactions in a Merkle Tree inside the blocks, you arrange the transactions in a DAG. Why did you choose to do it this way? What are the disadvantages of the Merkle Tree model?
How can I buy Hator other than Qtrade?
can it be in BSC or Uniswap?
How do I buy Hator on Qtrade? because I only know that I am on Qtrade to buy Hator
How many people work at Hator and where do Hator members come from?
hahahaha .
“Source-code created from scratch in Python by a team of highly-skilled developers,some of whom have been researching cryptocurrencies since 2011.•Novel distributed ledger architecture using both DAG and blockchain data structures intertwined”
Why do you choose to use source code from python ? What is the benefit of fusing DAG and blockchain data structures ?
On Hathor telegram, you claim that Hathor is an upgrade version from ETH. all ETH network possible to do, Hathor will do it even better. Actually this is very interesting. Can you please describe in what aspect and section do Hathor are better than ETH? What is the specialty of Hathor that ETH don’t have?
What current problems do you see in the blockchain environment that prevent you from growing and what are you doing to solve it?
I have several mobile wallets on my phone. Tell us what are the UNIQUE features of the hathor Mobile wallet in the future?
What do you think of a public chain with privacy features? Many public chains are considering adding privacy features, such as adding zero-knowledge proofs, will Hathor develop in this field?
Decentralized oracle is a trend right now. How about Hathor? Would you create your own oracle solution or pick the oracle solutions that already exist?
Hathor want to introduce new concept like ‘side-chain’ it same like Polkadot but you prefer to said this as ” Side-Dags”. So how this new concept actually work ? How its compare to Polkadot?
What are nano-contracts and how do thry function? Can you elaborate on the differences between traditional smart contracts & nano contracts? Any estimated time-line also?
Your mainet is live on 3rd of January. That is cool. Tell us how did the testnet go and what problems have you found, if any. What were your main objectives for the development of the project since the foundation
Token creation & tokenization are fundamental to the network. How are you going to expand their functionalities, give more utilities, leverage them with nano contracts, defi, compliance, etc… It would be awesome and of great value to have real utility on the network and it would be easier to build upon it.
What is your view & state on Hathor Network today,1 year before and 1 year from now?
Any plans on expanding the mining functionality to more blockchains? Or even integrate staking functionalities for chains like Polkadot, Avalanche, Cardano etc
What is your view on DeFi and how is going hathor network to interact with it.
I see that they have wallets available for desktop operating systems (Mac, linux and windows). However, what about mobile platforms? do you have plans to develop for iOs and Android?
I understand that they want to make available an easy-to-use blockchain, with their own token, however at the same time they also allow a mixed mining of BTC, LTC and HTR, as well as the creation of custom tokens. I would like to know, what is your product focus?
Could you explain briefly what your business model is based on? How do they get money and keep the project afloat?
1. Hathor is a very interesting project and will break new grounds in blockchain, however what are your plans towards institutional adoption such as helping institutions to build internal custom tokens functional for maybe voting and settlements?
2. What are the strategies in place to ensure teams and seed investors cannot sell up to a particular limit so as to ensure the gradual release of the tokens currently in locks?
Thanks.
In Hathor Network, can any user easily create their own tokens and will the tokens we create have exactly the same technical characteristics as HTR?
How are Hartor tokens secured with digital signatures, and will there be any fees to exchange tokens between users?
Although each different token has a value with a 32-byte hash similar to a transaction hash, why are HTR tokens the only exception and why the token does not have a user ID?
With the use of DAG interwoven with Blockchain in Hathor, can you tell what is more outstanding than PoS or dPoS of other Defi projects? How does it solve the problems of scanning, fees and TPS? With just over 200 TPS, do you think that’s enough for digital asset projects?
Partnerships and cooperation are probably always some of the most important platforms for improvement in adoption. Do we need to know about our current partnerships with Hathor, and does the partnership help people gain experience or anything from these partnerships?