30s Summary

Blockchain network, Hathor, has introduced Nano Contracts, a smart contract platform with built-in protection features. The platform addresses common challenges in decentralized application (DApp) development, such as technical complexity, scalability, and security issues. By using Python as its programming language, Nano Contracts simplifies coding processes, enhances transaction handling, and offers fee payment options while preventing practices like front-running. This overhaul is expected to simplify DApp and smart contract development, and increase Hathor’s support for decentralized finance (DeFi). Hathor Network is also focusing on creating a developer-friendly environment by integrating an Ethereum Virtual Machine (EVM) bridge into Nano Contracts.

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Hathor, the go-to blockchain, has recently unveiled what they call Nano Contracts. This smart contract platform includes nifty features like built-in protection against sneaky behind-the-scenes maneuvers that could disadvantage users.

Decentralized applications – known as DApps – have created tons of new opportunities in the crypto and blockchain world. They can be used for all sorts of things like decentralized finance or DeFi. However, even with all of their potential, there are a few hiccups that make them a bit tricky to develop and use widely.

One of the biggest headaches is the technical complexity. It’s not easy building and launching smart contracts – the foundations that DApps are built on. It’s a tricky business that requires a lot of know-how, and this can slow things down, raise costs, and even put a damper on innovation.

Then, there’s the pesky issue of scalability. Most platforms can’t handle a ton of traffic, resulting in bottlenecks that stop the growth of Web3 and DeFi applications. To put it simply, our current smart contract system just can’t handle a large influx of internet traffic.

And let’s not forget about security. It’s no secret that bugs and vulnerabilities can lead to exploits, which can result in some serious losses. So, if we want blockchain to really take off, we need to make its tools easier to use, more secure, and able to handle demand.

Hathor Network aims to take these issues head-on and make smart contracts a whole lot simpler. It’s a base layer blockchain that’s built to handle traffic, protect users, and make fees low and predictable. As part of their strategy to overcome these obstacles, Hathor has announced an overhaul of their protocol. They believe this revamp will be a game-changer for DApp and smart contract development.

The star of this revamp is the new Nano Contracts platform. It’s designed to enable blockchain developers to create more secure and user-friendly smart contracts. This platform is a game-changer for Hathor, allowing them to dabble more into DeFi.

Easier coding is at the core of Nano Contracts. They’ve gone with Python, a more user-friendly programming language, to lower the technical hurdles and coding mishaps. This platform is designed to handle a high volume of transactions, provide multiple fee payment options, and prevent shady practices like front-running and miner extractable value.

At Hathor, they’re all about empowering traders in the DeFi ecosystem. They offer technology that guards against manipulation while maximizing returns. They believe that with their innovations, they can deliver both cutting edge functionality and top-notch security for smooth trading experiences.

Hathor has been live for four years now and has big plans for 2025. They aim to fully deploy their mainnet to tap into the full potential of their technology. They just launched a testnet for Nano Contracts so they can run some trials, and in doing so, enable developers to create their own solutions for a range of DApps.

The introduction of Nano Contracts is an answer to the ongoing struggles of technical complexity, scalability, and security in the smart contract arena. By making development easier, improving security, and boosting scalability, Nano Contracts will unlock the full potential of DeFi.

In the future, Hathor plans to integrate an EVM bridge into Nano Contracts to improve its interoperability. With plans to provide completely feeless transactions, the integration of MetaMask, and the introduction of intents, Hathor is focusing on creating a developer-friendly environment, paving the way for the future of blockchain where it is truly impactful and accessible. Check out Hathor Network to learn more.