#HBAR is up over 11% in the past 24 hours π
With many anticipating its listing on @coinbase, let's take a closer look to understand what @hedera is, its tokenomics, and potential use cases! π
With many anticipating its listing on @coinbase, let's take a closer look to understand what @hedera is, its tokenomics, and potential use cases! π
1/ What is #Hedera?
β’ Hedera is a public crypto network and governing entity for creating decentralized applications (dApps).
β’ It leverages a unique type of distributed ledger technology (DLT) known as hashgraph.
β’ Hedera is a public crypto network and governing entity for creating decentralized applications (dApps).
β’ It leverages a unique type of distributed ledger technology (DLT) known as hashgraph.
2/ What's a hashgraph?
It's a patented algorithm that provides the benefits of blockchain technology without the hitch of low transaction speeds.
Comparison of transaction speeds for the following networks:
β’ #Bitcoin - 5 TPS
β’ #Ethereum - 15 TPS
β’ #Hedera - Up to 10,000 TPS
It's a patented algorithm that provides the benefits of blockchain technology without the hitch of low transaction speeds.
Comparison of transaction speeds for the following networks:
β’ #Bitcoin - 5 TPS
β’ #Ethereum - 15 TPS
β’ #Hedera - Up to 10,000 TPS
3/ Benefits of hashgraph
β’ More environmentally-friendly since no mining is involved
β’ Lower transaction fees of $0.0001 per transaction
β’ Ability to implement a DLT with the same security and anonymity perks as blockchain-based ledgers
β’ Higher processing capacity
β’ More environmentally-friendly since no mining is involved
β’ Lower transaction fees of $0.0001 per transaction
β’ Ability to implement a DLT with the same security and anonymity perks as blockchain-based ledgers
β’ Higher processing capacity
4/ Hashgraph vs Blockchain
β’ Blockchain and hashgraph are both DLTs.
β’ While they present considerable differences, as shown in the table below, they are applied to securely record and store transaction data.
β’ Blockchain and hashgraph are both DLTs.
β’ While they present considerable differences, as shown in the table below, they are applied to securely record and store transaction data.
5/ #Hedera's governance
β’ Hedera Hashgraph is governed by the Hedera Governing Council.
β’ The entity comprises of 39 major world-leading organizations including @Google, @LGUS, and @Boeing.
β’ Hedera Hashgraph is governed by the Hedera Governing Council.
β’ The entity comprises of 39 major world-leading organizations including @Google, @LGUS, and @Boeing.
6/ $HBAR's tokenomics
β’ #HBAR has a circulating supply of 22.9 billion and a maximum supply of 50 billion.
β’ Since issuing HBAR tokens doesn't involve a complex cryptographic consensus, the Hedera network minted all the 50 billion tokens before launching its Mainnet in 2018.
β’ #HBAR has a circulating supply of 22.9 billion and a maximum supply of 50 billion.
β’ Since issuing HBAR tokens doesn't involve a complex cryptographic consensus, the Hedera network minted all the 50 billion tokens before launching its Mainnet in 2018.
Check out $HBAR's tokenomics here β¬οΈ
gcko.io/etso5gx
gcko.io/etso5gx
7/ Potential use cases of @hedera
Anyone can sign up anonymously and run a Hedera-based app on the network across various use cases such as:
Anyone can sign up anonymously and run a Hedera-based app on the network across various use cases such as:
And we're only scratching the surface of @hedera! Read our detailed guide to learn how it works and where you can trade $HBAR β¬οΈ
gcko.io/f5iqgac
gcko.io/f5iqgac
RT if you found this thread useful!
What #crypto should we tweet about next? Let us know π
What #crypto should we tweet about next? Let us know π
https://twitter.com/coingecko/status/1580168479331602434
CORRECTION: Hashgraph is no longer patented. The hashgraph platform has been open sourced as of 5 August 2022. hedera.com/blog/all-our-sβ¦
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