Seeking Alpha
2022-09-23 16:12:22

Hedera Hashgraph: Adding This To My Wishlist

SummaryHBAR is one of the most technologically sound cryptocurrencies out there.It has potential use cases for companies and NFTs.I believe HBAR could reach new highs in the next bull cycle.OverviewHedera Hashgraph (HBAR-USD) is an energy-efficient, fast and scalable enterprise-grade public network. Hedera is not your typical blockchain project; it runs an entirely different network architecture from a blockchain.Blockchain networks are the most popular implementations of Distributed Ledger Technology (DLT). DLT is a distributed system of keeping and sharing records between network nodes, with no central data source or authority in the network. Blockchain networks have been faced with "The Blockchain Trilemma", which is a belief that in decentralization, security, and scalability, a blockchain network can only effectively provide two of these three benefits. Layer-1 blockchains are in a race to solve "The Blockchain Trilemma."Hedera uses a DLT known as a Hashgraph. A Hashgraph utilizes a Directed Acyclic Graph (DAG) in its architecture, unlike a blockchain which stores data in a linear, append-only pattern called blocks. According to Hedera, the Hashgraph enables decentralization, high security, and high scalability. In both a blockchain and a Hashgraph, every node on the network obtains an exact copy of data, which guarantees immutability.Hedera's Technology and GovernanceHedera uses the “gossip protocol” to broadcast transac...

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