🦉 What is Hoosat Network? 🦉Hoosat Network launched 8.3.2024 14:00 UTC. Hoosat Network (HTN) is an innovative blockchain built from Kaspa. By utilizing the cutting-edge GhostDAG protocol, we aim to tackle one of the most significant challenges in blockchain technology: the trilemma of security, decentralization, and speed without compromising on any of them.
🔒 Security: At the heart of Hoosat Network lies our patent-pending solution, Securing Proof of Work Integrity. This ensures robust protection against Proof of Work brute-force attacks even against Grover's Algorithm, while maintaining trustless and decentralized consensus.
🌍 Decentralization: Our custom-designed GPU-friendly algorithm, Hoohash, levels the playing field by ensuring fairness between GPUs, promoting widespread participation, and preventing mining centralization.
⚡️ Speed: Leveraging the revolutionary GhostDAG protocol, Hoosat Network achieves unparalleled performance, with a block rate of +1 block per second, enabling faster transactions and enhanced scalability.
Hoosat Network isn't just a blockchain, it's a reimagining of what's possible. 🚀
Tokenomics:The Hoosat Network has a transparent and predictable monetary policy designed to ensure long-term sustainability. Here's a breakdown of the key points:
🔵Total Coin Supply: The maximum supply of Hoosat coins is capped at around 17.1 billion. This finite supply helps control inflation and maintain the value of the coin over time.
🔵Fair Distribution: There was a 360-block pre-mining phase, which equaled 100,224,000 HTN, constituting 0.58% of the potential max supply. From the premine 86m was later burned.
🔵Regular Halving: The block reward for mining new coins will be subsidized every year at -18.35% deflation per year.
🔵Long-Term Sustainability: With a total subsidy cycle of over 65 years, the issuance of new coins will reach zero in 115 years, ensuring a predictable and sustainable long-term supply.
🔵Block Rewards: Assuming a block production rate of 31,536,000 blocks per year, the block rewards will follow a predictable subsidy schedule.
🔵Developer fee: Network wide developer fee to support Hoosat Network.
📢 Join the Discussion! 📢 We invite the BitcoinTalk community to learn more about Hoosat Network and participate.
🗞️Stay Updated🗞️For more information about Hoosat Network, please follow the links below:
Website:
https://network.hoosat.fiExplorer:
https://explorer.hoosat.fiDiscord:
https://discord.gg/gux4Fu3EUBWhitepaper:
https://hoosat.fi/htn-whitepaper.pdfPitch Deck:
https://network.hoosat.fi/downloads/pitch-deck.pdfX:
https://x.com/HoosatnetworkReddit:
https://www.reddit.com/r/HoosatNetwork/Telegram:
https://t.me/HoosatNetwork👛 Exchanges: 👛https://xeggex.com/market/HTN_USDThttps://nonkyc.io/market/HTN_USDThttps://tradeogre.com/exchange/HTN-USDThttps://exbitron.com/⛏️ Pools: ⛏️https://mining4people.com/https://baikalmine.com/https://pools4mining.com💻 Github: 💻Node -
https://github.com/Hoosat-Oy/HTNDStratum Bridge -
https://github.com/Hoosat-Oy/htn-stratum-bridgeAPI server -
https://github.com/Hoosat-Oy/htn-rest-serverAPI database filler -
https://github.com/Hoosat-Oy/htn-db-fillerDNS seeder -
https://github.com/Hoosat-Oy/dnsseederExplorer -
https://github.com/Hoosat-Oy/htn-explorerWe look forward to a productive conversation with the BitcoinTalk community!