HOPR is a cryptocurrency that enhances online data privacy through a decentralized network where users can run nodes to relay data.

HOPR operates on a proof-of-relay mechanism, incentivizing node runners to relay data accurately in exchange for HOPR tokens.

What are the technical characteristics of HOPR?

HOPR provides high-level APIs for developers, enabling seamless dApp development and maintenance.

What are the risks associated with transferring HOPR?

Users should verify contract addresses and networks before transferring assets, as digital asset prices can be volatile.

How can I verify the acquisition of HOPR?

Verify the asset name, network, and contract details before transferring HOPR.

Where can I find official resources for HOPR?

Official resources for HOPR can be found on their website and GitHub repository.

HOPR (HOPR)

Rank #1328

Market snapshot

Price: N/A
Market cap: N/A
24h volume: N/A
Circulating supply: N/A
Total supply: N/A
Max supply: N/A

What is HOPR?

HOPR is focused on improving online data privacy by allowing users to run nodes that relay data in exchange for HOPR tokens. This decentralized approach aims to create a more secure and private internet experience for users by ensuring that their metadata remains protected during data transmission.

How HOPR works

HOPR operates on a proof-of-relay mechanism, which incentivizes individuals to run nodes that relay data. Each node runner is rewarded with HOPR tokens for their contributions. This decentralized system allows anyone to participate by running a HOPR node on their own hardware, thus contributing to the network's overall privacy and efficiency. The network ensures that settlements occur without unnecessary blockchain transaction fees, maintaining privacy for node runners.

Key information

Symbol: HOPR
CMC rank: #1328
Network / platforms: Ethereum, Gnosis Chain
Categories: N/A
Date added: Aug 11, 2020

Contract address

Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.

Ethereum
0xf5581dfefd8fb0e4aec526be659cfab1f8c781da
Gnosis Chain
0xD057604A14982FE8D88c5fC25Aac3267eA142a08

Key characteristics

HOPR offers easy-to-use, high-level APIs that enable developers to access its protocol's functionality, facilitating seamless dApp development and maintenance. The network is categorized under several tags, including Ethereum ecosystem, governance, and privacy.

Official resources

Risks

Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.

Transfer and custody notes

Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.

FAQ

What is HOPR?: HOPR is a cryptocurrency that enhances online data privacy through a decentralized network where users can run nodes to relay data.
How does HOPR work?: HOPR operates on a proof-of-relay mechanism, incentivizing node runners to relay data accurately in exchange for HOPR tokens.
What are the technical characteristics of HOPR?: HOPR provides high-level APIs for developers, enabling seamless dApp development and maintenance.
What are the risks associated with transferring HOPR?: Users should verify contract addresses and networks before transferring assets, as digital asset prices can be volatile.
How can I verify the acquisition of HOPR?: Verify the asset name, network, and contract details before transferring HOPR.
Where can I find official resources for HOPR?: Official resources for HOPR can be found on their website and GitHub repository.

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