Why Hedera Hashgraph (HBAR)?
Hedera Hashgraph is one cryptocurrency project that’s taken a completely different approach to creating distributed ledger technology.
Over the past years, Hedera Hashgraph has made incredible strides towards institutional adoption and has secured multiple institutional partnerships putting the crypto project ahead of many in the area of enterprise-focused projects by the end of 2021.
Hashgraph is an open review consensus algorithm developed in 2016 by Dr. Leemon Baird.
Hedera is the decentralized public network and governing council-owned and governed by a global council, including Baird’s company Swirlds Corporation.
The only public distributed ledger in the world that uses a unique Hashgraph algorithm, with its very own native token HBAR.
HBAR’s coins are used to power decentralized applications, make payments, and secure Hedera’s Proof-of-Stake network.
Dr. Leemon Baird’s Hashgraph technology is a compelling alternative to blockchain, now popularly called the next-generation blockchain.
As a blockchain, Hashgraph is a decentralized and public distributed ledger. However, the way it works differs from blockchains in several ways and even offers some vast improvements.
Hashgraphs make use of DAG- Directed Acyclic Graph architecture which is much different from native blockchain architectures.
Hashgraphs solve the same problems that a blockchain does but differently.
Hedera Hashgraph brings three primary services to general users and developers in the crypto space.
A cryptocurrency that can handle up to 10,000 transactions per second.
Offers Scalable Smart Contracts.
File Service.
The potential applications of Hashgraph, similar to blockchain, are infinite, from settling micropayments to music …
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