The Guide To Hedera Hashgraph.
A unique public distributed ledger by @hedera. People will pile into the ecosystem as they begin to understand #HBAR's vision.
Here's a novice breakdown of $HBAR that investors should understand and why I'm more bullish on it than ever:
Thread:👇
A unique public distributed ledger by @hedera. People will pile into the ecosystem as they begin to understand #HBAR's vision.
Here's a novice breakdown of $HBAR that investors should understand and why I'm more bullish on it than ever:
Thread:👇
THE TOKEN: Currently referred to as $HBAR, it ranks #32 across the top 100 cryptocurrencies by market cap.
#HBAR is a public Distributed Ledger Technology (DLT) network designed for the creation of secure decentralized applications primarily for "enterprise" usage.
#HBAR is a public Distributed Ledger Technology (DLT) network designed for the creation of secure decentralized applications primarily for "enterprise" usage.
Hedera (HBAR) is a cryptocurrency that runs on a blockchain known as a #Hashgraph .
$HBAR aims to be regulatory compliant across jurisdictions and includes tools that allow dApps to do KYC/AML checks and identify verification.
This allows for the evasion of regulatory scrutiny.
$HBAR aims to be regulatory compliant across jurisdictions and includes tools that allow dApps to do KYC/AML checks and identify verification.
This allows for the evasion of regulatory scrutiny.
Let's now discuss some key features.
#HBAR operates a unique architecture and consensus method for high transaction speeds (3-7) seconds finality at scale.
Tx fees are fixed at $0.0001 and are paid in $HBAR tokens which allow for low fees regardless of platform size.
#HBAR operates a unique architecture and consensus method for high transaction speeds (3-7) seconds finality at scale.
Tx fees are fixed at $0.0001 and are paid in $HBAR tokens which allow for low fees regardless of platform size.
One of #HBAR core functions is to serve as the "interoperability layer" between existing and emerging enterprise deployments.
They have a Visa-style governing council with Google Cloud and IBM as one of their 39 term limited members.
They have a Visa-style governing council with Google Cloud and IBM as one of their 39 term limited members.
I will discuss this in more depth on my Medium...
However, their primary network services are as follows:
-Consensus Service (transactions between parties)
-Token Service (mint and manage NFTs)
-Smart Contract Service (low fee Solidity contracts).
However, their primary network services are as follows:
-Consensus Service (transactions between parties)
-Token Service (mint and manage NFTs)
-Smart Contract Service (low fee Solidity contracts).
Other notable capabilities include but are not limited to:
-Scheduled transactions
-Multi Sig Transactions
-Atomic Swaps
-Account level KYC
-File Service
-Smart Contracts Deployment
These are just a few services $HBAR as a blockchain offers.
-Scheduled transactions
-Multi Sig Transactions
-Atomic Swaps
-Account level KYC
-File Service
-Smart Contracts Deployment
These are just a few services $HBAR as a blockchain offers.
VALUE PROPOSITION: The main value arises from "enterprises and institutions".
Enterprises can achieve cost savings on existing payments/buisness processes. They can make use of micropayments or alternatively choose to use $HBAR to enhance supply chain efficiencies and finance.
Enterprises can achieve cost savings on existing payments/buisness processes. They can make use of micropayments or alternatively choose to use $HBAR to enhance supply chain efficiencies and finance.
Hedera Hashgraph is governed by a body known as the Hedera Governing Council, which is charged with running the consensus nodes that determine transaction ordering.
25/39 council members are publicly announced including #Chainlink Labs and #Google Cloud- experts in their field.
25/39 council members are publicly announced including #Chainlink Labs and #Google Cloud- experts in their field.
In terms of performance, a Hashgraph can produce higher TPS - 10,000 at Mainnet launch and is expected to scale even higher to allow for micropayments.
The network has plans to further include more permissionless nodes in the future.
Think greater decentralisation, reader.
The network has plans to further include more permissionless nodes in the future.
Think greater decentralisation, reader.
In terms of stability, technical and legal safeguards prevent forks.
Even though code such as the SDK code and integration code are open source and are open review by the community.
Ultimately, the council controls any changes to code to facilitate better enterprise adoption.
Even though code such as the SDK code and integration code are open source and are open review by the community.
Ultimately, the council controls any changes to code to facilitate better enterprise adoption.
Security is an element that $HBAR is clear and focused on.
-Proof-of-Stake Consensus
-Asynchronous Byzantine Fault Tolerance (will be covered seperately)
-Natively resistant DDoSS hashgraph algorithm via leaderless system
-Proof-of-Stake Consensus
-Asynchronous Byzantine Fault Tolerance (will be covered seperately)
-Natively resistant DDoSS hashgraph algorithm via leaderless system
Central Bank Digital Currencies (CBDC) are regulated by a countries’ monetary authority and typically deployed on permissioned blockchain frameworks.
They likely will utilize the Hedera Consensus Service in combination to preserve privacy while enabling transparency and trust.
They likely will utilize the Hedera Consensus Service in combination to preserve privacy while enabling transparency and trust.
Achievements are important for a blockchain.
By Nov 2021:
-Hedera surprassed 1.8 billion tx since inception.
-Total accounts grew 515% YoY, reaching 590,000
-Governance council (+) 18 reputable firms
-Hedera Token Service went live on Mainnet in Feb 2021.
By Nov 2021:
-Hedera surprassed 1.8 billion tx since inception.
-Total accounts grew 515% YoY, reaching 590,000
-Governance council (+) 18 reputable firms
-Hedera Token Service went live on Mainnet in Feb 2021.
Whilst there is no need for a full disclosure.
I'd like to mantain transparency with my reader. I currently do not own any $HBAR, nor did I create this thread for promotional purposes.
However, upon findings which will be further elaborated in my Medium. I am looking to DCA in.
I'd like to mantain transparency with my reader. I currently do not own any $HBAR, nor did I create this thread for promotional purposes.
However, upon findings which will be further elaborated in my Medium. I am looking to DCA in.
Liked the thread? Give me a follow: @Crypto8Fi
Want to learn more about the assets shaping crypto? Check out our Medium here: medium.com/@crypto8fi
Help this thread get out to more $HBAR faces by RTing/Faving the first tweet, linked below:
Want to learn more about the assets shaping crypto? Check out our Medium here: medium.com/@crypto8fi
Help this thread get out to more $HBAR faces by RTing/Faving the first tweet, linked below:
https://twitter.com/Crypto8Fi/status/1487755832733446145?s=20&t=FHCJu3Ab_hSagdqiY_YbrQ
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