One of the biggest hurdles in introducing blockchain in recent years has been the fact that it is a more technical area. Seasoned developers find it daunting to use this technology to create decentralized apps. In the meantime, consumers who are not used to tokens and crypto wallets often have problems with user interfaces that are far more cumbersome than the popular platforms.
With cryptocurrencies entering mainstream consciousness like never before, it has never been more important for blockchain platforms to seize the moment and offer the streamlined, easy-to-understand products and services that the masses can embrace with minimal effort. As the old saying goes, “If you build it, they will come.”
Blockchain enthusiasts know this technology has potential, but you could argue that a key challenge is getting these benefits across to the public. DApps regularly offer functions that fiat-focused, centralized platforms can never offer. However, their official websites are only understandable to those with a PhD in cryptography. (This may be a slight exaggeration, but explaining things can be a weak spot for many projects.)
There are some important tests that must be passed before blockchain becomes part of everyday life for all of us. Can these platforms be as easy to use as your online bank account? Can they really be as cheap and fast as the Fiat payment channels that have existed for decades? And is it possible to create an environment in which someone interacts with a blockchain without even realizing it?
There is also a lot of thought behind the scenes. Currently, top developers are excluded from the blockchain due to the amount of time and effort it takes to understand basic concepts. Decentralized apps can require too many lines of code to be written in unfamiliar programming languages. And even if both of these hurdles are overcome, sky-high gas charges can make certain blockchains impractical to use due to transaction costs.
This affects in other ways. Companies looking to deploy blockchain technology quickly find that they are unable to do so as they struggle to find talented developers who can make it happen. This increases costs for everyone, which means that otherwise viable ideas may not deliver a healthy return on investment. Worse, these hurdles can mean brilliant concepts that millions of people would benefit from if left unexplored.
A number of crypto projects have since decided that enough is enough. After years of debate and discussion, they have come to the conclusion that user interfaces need to be simplified, applications need to be faster and leaner, and a plug-and-play mentality needs to be promoted in blockchain development. In the early 2000s, it was difficult to create new websites and blogs without computer expertise. Then came people like WordPress – with aesthetically pleasing templates and drag-and-drop modules that made the process intuitive. Where is that for the blockchain sector?
Make the technology invisible
One network that has positioned itself as a silver bullet to make blockchain technology simple and foolproof is the Hathor Network. The platform provides a simplified, risk-mitigating sandbox that anyone can implement blockchain to improve our lives, business and applications. According to the Hathor Network, it provides a familiar environment for developers who are used to creating brilliant things on Web 2.0. The infrastructure delivers bottom line results that mean the technology is “invisible” to soccer mothers, grandparents, and tech newbies who use it.
The project describes itself as “WordPress the Blockchain” – and freely admits that everything Hathor Network does, Ethereum does too. But here’s the key: Hathor Network offers developers a simpler suite that ensures that the error rate is reduced. Transaction costs are also far more predictable than Ethereum, and scaling solutions are already in place. This network is also committed to interoperability. If a developer on the Hathor network cannot find the tools they need, they can easily bridge the gap to a blockchain that does.
Not only is Hathor Network committed to simple tokenization that allows custom tokens to be created on the fly, but it also delivers nano-contracts – an easier and more secure implementation of smart contracts that also support real-world data delivered through oracles. Ready-made and simplified nano-contracts can be created using a battle-tested drag-and-drop interface. In the future, a marketplace will be set up where developers can integrate existing nano-contracts into their DApps with minimal effort.
Better still, none of this is at the expense of privacy. Companies that rely on confidentiality when using blockchain technology can benefit from their own side DAGs. This flexibility extends to custom tokens that can be melted and converted back into HTR tokens with little effort.
Hathor Network development will continue throughout 2021. For the first time, nano-contracts will be implemented and numerous new use cases will emerge. The functions of this network are expanding every month, not to mention the throughput of the blockchain.
Hathor Network hopes to demystify this technology once and for all as a number of companies express their excitement about how blockchain can transform the way they operate – and the sector gradually realizes that networks need to be able to communicate with one another in a fluid manner to interact. End years of debate by getting things done.
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