Users can directly make transfers to other users, with no intermediate but Hathor. To do so, the sender just needs a wallet address (similar to an account number) of the receiver, and then it can easily create the transaction. No fees are applied to transactions.
A wallet is made of one or more addresses that belongs to the same user. So, each user can generate as many wallet addresses as one needs. By default, the wallet application allows an user to have at most 20 unused addresses, but it is optional. We say that an address is unused when there is no transaction to this address. There is no limit in the number of transactions that an address may receive.
Hathor can create and manage identities for as many people needed in a much lower cost and more secure way through the use of its embedded digital signature technologies, which gives any user a wallet address. Underserved populations, like the unbanked, could have access to financial services like never before.
Each wallet address has a private key, which is similar to a password. Only the holder of the private key can transfer the funds of that address to another one. So, if one lose your private key, you will lose the control of your addresses, which means you will lose your tokens. If a third-party has access to your private key, he/she can send your tokens to another address. In summary, users must always keep their private keys private.
Hathor Wallet uses a private key generator that depends on a sequence of words. It means that anyone who knows the sequence of words can generate all private keys of that wallet, and finally can wipe out all tokens of that wallet. In this case, users must keep their sequence of words private.