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Iota crypto price prediction8/1/2023 ![]() ![]() Hathor’s tokenomics can be a little complicated, but I’ll break it down as much as possible. The quick and easy token creation and HTR lock-up, if done enough, will lower the circulating supply and decrease inflation. And if you burn your tokens, your HTR will be returned. To do so, stake 1% in HTR of the number of tokens you wish to create. Hathor also has a unique custom token creation option. It’ll be exciting to see how they manage to pull the project off. And HathorSwap, a native alternative to Atomic Swaps, is in development. Other separate tokens can be exchanged on the same transaction to increase security and efficiency. ![]() The contracts use oracles to ensure that contracts have a reliable data source.Ītomic Swaps is also integrated with the Hathor network. Hathor also uses Nano-Contracts, similar to the Smart Contracts on Ethereum, but with a lot lower fees and computation power. This ensures that rewards are fairly distributed without sacrificing decentralization. The consensus mechanism links with Bitcoin and Litecoin Mining rewards. In a way, Hafthor’s architecture is a combination of Bitcoin and IOTA.Īs we mentioned earlier, Hathor, because of its DAG technology, uses Proof of Work mining. Hathor aims to solve IOTA’s issues, such as their DAG solution not being efficient enough when the transaction per second is small. According to the executive summary, their main inspiration for the project is IOTA. Hathor claims to have chosen this alternative because it is scalable, decentralized, and efficient. And the DAG comes into play when it increases. The blockchain makes the transactions safe if the number of transactions per second is small. The project does so by including a chain of mined blocks in every DAG of transactions. If you found this article interesting, here you can find more Ethereum news.Hathor aims to solve scalability and decentralization maintenance among crypto projects, also known as the blockchain trilemma. If you wish to make a purchase or investment we recommend that you always conduct your research. Technical charts courtesy of Trading View.ĭisclaimer: The opinions expressed do not constitute investment advice. This outlook will only change if there is a flash crash below the $1.740 and $1,700 support zone at the back of expanding volumes. Presently, the selling momentum is dropping as bear bars diverge from the lower BB a possible relief for ETH holders. If anything, this can allow traders to double down in anticipation of buy trend continuation. It means the uptrend remains, and the contraction is welcomed. It follows the sharp expansion of prices from mid-March 2023 that saw the coin float to $2,100.Īt spot rates, ETH is retesting February highs, which is critical for buyers. Overall, reading from the top-down preview, Ethereum is in an uptrend. As L2Beat data shows, Arbitrum manages assets worth over $5.5 billion, almost thrice the total value locked (TVL) in Optimism. Whether Optimism will flip Arbitrum as the most actively used layer-2 platform remains to be seen. Optimism also plans to introduce enhancements that improve security and usability. The upgrade is set for early June and could lay the foundation that makes Optimism even cheaper to transact on. Meanwhile, as Ethereum finds relief, Optimism, a layer-2 scaling platform, plans to integrate enhancement set out under the Bedrock release. The shift away from the decentralized exchange, Uniswap, seemed to have helped relieve the network from the unsustainably high Gas fees that rocked the platform, allowing critics to lambast the network’s scalability efforts. MemeCoin FOMO Subsides as Optimism Plans For Bedrockįundamentally, Ethereum remains the leading smart contracting platform, judging by the activity and popularity of some of its projects.Īlthough the fear of missing out (FOMO) in meme coins is subsiding, some tokens, including PEPE and LADYS, are drawing decent volumes in centralized exchanges. ![]() This is considering the divergence from the lower BB. It may signal the continuation of selling pressure from mid-April 2023.ĮTH prices are now consolidating with clear caps, albeit with reduced selling momentum. However, for this to materialize and support conservative traders’ outlook, there must be a solid close below $1,740 or last week’s lows. As it is currently, traders may begin searching for entries to short, at least for now. MemeCoin FOMO Subsides as Optimism Plans For BedrockĮthereum (ETH) remains under pressure, finding strong resistance between the $1,850 and $1,900 zone. ![]()
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