Hoosat Network Utilization?

When I started development of Hoosat Network I was pretty certain that I would utilize Hoosat Network through global network marketplace. In itself such marketplace is rather easy to build, it’s just few piece of code here and there.

I knew there are different regulations by almost every country for crypto to goods marketplace and it seemed to be pretty much reachable. I still think it’s reachable, but it actually requires huge amounts of money and procedural release to every country. The downward spiral of Hoosat Networks price has tightened the situation practically every day and when Hoosat Oy share holders decided to delete the whole company, the marketplace practically became not viable to be built. I can’t gather “million” from the cryptocurrency for CASP registration nor I can register a company being deleted as CASP. As I’m not anonymous developer running hiding from the regulations. Any kind of escrow wallet in EU requires CASP and other regulations.

Anyway the spiraling downtrend of the HTN price is practically the reason for not continuing the development of the marketplace and the partially the reason for deletion of Hoosat Oy. This has been mostly caused by the yealous competitors of Hoosat Network. By saying that I need to show what we have done in Hoosat Network these past two years and the price of the coin is where it is.

1. I forked Kaspa Golang Reference node and it’s explorer and wallets.
2. I modified all the frontend work to match Hoosat theme.
3. We forked Kaspa Ledger with Codecustard and modified it for Hoosat as sideloadable.
4. I added original Rich list to the explorer.
5. Published Hoosat Mobile wallet to Play and App stores.
6. I added original DAG visualizer to the explorer (Removed on Nocturne Hard Fork as it was too heavy to process 5 BPS)
7. I added burn button to web wallet.
8. I created Hoohash the algorithm, which is mineable from mobile CPUs to professional GPUs.
9. I created Securing Proof of Work Integrity solution and implemented to Hoosat Network mainnet, which protects the network mining from nonce-spamming and increases search space for Grover’s algorithm without increasing classical mining search space.
10. I’ve increased the Golang node from 1 BPS to 5 BPS and have done ton of optimizations to make that possible, like write C style memory allocations to Golang which allocates memory out of the Golang Garbage collector and does not use CGo.
11. I created Hoominer completely from scratch with C as reference miner for Hoosat Network.
12. Foztor created Hoodroid and his own optimized miners.
13. Codecustard build Motoko ICP integration code, runnable on ICP.
14. Namp build Typescript Node and Web SDK for utility development.
15. Namp refreshed explorer frontend and created the HTN voting platform, which is practically free to use voting platform on top of HTN chain for every project to use.
16. Namp created chrome extension wallet from scratch.
17. I was the first to develop Yonatan Sompolinsky’s DAGKnight to public testnet, even before than Kaspa itself.

When the other Kaspa forks have not been able to even follow Kaspa block rate increase.

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All in all Hoosat Network is vibrant and live network where you can mine with your e-waste instead of required to buy the newest gear.

Though it hits me everytime I hear this from the marketing people. You have the miner on phone, you have the wallet on phone, what next?

Sure it would be so awesome if we could say at this moment that you can go to Hoosat Marketplace and order items globally with the phone, but at the moment we can only say that you can do polls and vote on whatever you want on open on-chain voting platform, but that seems not to be so exciting, as the users of such service are not the regular people.

This means we need to build more new usability around the network and I have started on that. I wrote minimal HTN Payment Gateway completely as open source and free to use by anyone.

Simply setup node.js web server and you can receive payments with your phone or tablet. It’s actually extremely fast, everything happens on-chain and transactions are actually confirmed to be succesful in matter of second after sending the transaction. The whole process took all in all about 32 seconds to press HTN amount for payment, open Hoosat Mobile and scan the QR Code and wait for the confirmation. There’s example video in X without showing the Hoosat Mobile payment part.

Automatic live rate conversion from USD / EUR for payment in HTN, supports discount and premium.

All in all probably my interest on building crypto payments for goods, probably comes from the fact that 2014–2018 I was building complete warehouse management system and app which connected to the system and could be used to scan items into warehouse or out of warehouse, it also supported IoT temperature sensors so you could keep track of your restaurants freezers or warehouse temperatures.

It was fun time, but all comes to an end sooner or later. But at Hoosat Network we need to start thinking and building the utilization. I mean were already 35% mined out of the total supply and all the coins are practically still sitting without moving.

I sincerely hope that the first merchant brave enough to accept HTN for real goods will appear soon. When that day comes, it will mark the true beginning of Hoosat Network’s real-world utility.

Until then, we keep building.