George Town, Cayman Islands–(Vehement Media. – December 14, 2021) – Hathor Network, a next-generation blockchain protocol has announced the launch of NFT functionality on its desktop wallet. This development is expected to foster the adoption of NFTs within its fast-evolving ecosystem.


NFTs now available on Hathor Network desktop wallet

Hathor revealed that the launch of NFT functionality on its desktop wallet was in response to the growing demand for NFTs in the crypto world. NFTs have become the raving trend in recent months and Hathor wanted to ensure that users can easily mint and trade NFTs on its popular desktop wallet.

To further help users to create NFTs on its desktop wallet, Hathor released a guide on its Medium page that informs users of the entire process. In addition an NFT section has been added to the desktop wallet where users can view minted NFTs.

Hathor further stated it will be releasing a new version of the mobile wallet with advanced functionality where users can send and view NFTs. Users can begin creating their NFTs by downloading the Hathor desktop wallet.

Hathor has developed an innovative blockchain architecture

Hathor has developed a highly scalable protocol by combining two mainstream technologies Directed Acyclic Graph (DAG) and blockchain technology. DAG is different from the standard blockchain as it enables transactions to be linked together and increases energy efficiency, thus reducing transaction costs.

This way, smart contracts ability is extended beyond conventional use, and transactions can be initiated for free while the underlying blockchain secures the network. Hathor has also deployed merged mining, enabling more than one crypto to be mined through the Proof-of-Work consensus.

Hathor can be mined alongside Bitcoin, and this provides an extra incentive for miners since they don’t need to spend on extra mining rigs and can use their existing mining setup. Hathor can tap into an existing and established mining ecosystem to secure its blockchain with the merged mining. In addition, miners are also incentivized to keep Hathor network safe at no extra costs to their current bitcoin mining operation.

Hathor’s blockchain architecture has been used to build several innovative solutions, including NFT platforms 9Block and Dropull. Other platforms on the Hathor include AfferoFlow, Databoi, Anubians, EON and WorkAxle. Hathor team is also building a decentralized exchange HathorSwap that will serve as the dedicated DeFi platform.

About Hathor Network

Hathor Network is a PoW-based novel distributed ledger architecture using both DAG and blockchain data structures intertwined. It’s network’s unique design solves significant bottlenecks built with scalability, usability, and decentralization in mind, preventing the broad adoption of the technology.

Hathor Network has been on Mainnet since January 2020, experiencing exponential growth in the number of custom tokens, active wallets, and mining hash rate.

For more information, please visit ourWebsite,Twitter,Discord, andTelegram channel.

Media Contact:
CEO name: Yan Martins
Company: Hathor Labs (Hathor Network)
Country: Cayman Island

Hathor Labs
238, North Church Street
Whitehall Chambers, 2nd floor, Whitehall House
George Town KY1-1206
Cayman Islands

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