Hedera Hashgraph: Serious Blockchain Contender?

0
165

► Complete Review: https://www.coinbureau.com/review/hedera-hashgraph-hbar/
► FREE Giveaway: https://www.coinbureau.com/promo/giveaway

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

► Time Stamps ⏰

0:45 Introduction
1:42 Technology Stack
3:17 Use Cases
5:40 Consensus Mechanism
8:30 Blockchain vs. Hashgraph
9:47 HBAR Token Sale & Economics
11:00 Team Members
11:50 HBAR Trading & Wallets
12:42 Conclusion

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

⛓️ 🔗 Helpful Links 🔗 ⛓️

► Website: https://www.hedera.com/
► Whitepaper: https://www.hedera.com/hh-whitepaper-v2.0-17Sep19.pdf
► Docs: https://docs.hedera.com/
► Community: https://hashgraph.org/
► Wallets: https://www.hedera.com/wallets

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

📱️ Socials 📱

► Official Blog: https://medium.com/hashgraph
► Twitter: https://twitter.com/hashgraph
► Telegram: https://t.me/hederahashgraph
► Discord: https://discordapp.com/invite/FFb9YFX

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

📝 Project Overview 📝

Hedera has developed a new type of DLT that they have called the “Hashgraph”. The “Virtual Voting” and “Gossip to Gossip” protocols are the methods through which Hedera acheives decentralised consensus.

The hashgraph consensus platform was initially built for enterprise applications but has since released an open source version of their platform.

Hedera says that it can handle more than 10,000 transactions per second. To put that into context, Bitcoin can process around 7 transactions per second, Ethereum about 12 and Visa about 1,700

⚙️ Technology ⚙️

Hedera uses a DAG data structure for their DLT. The concept itself is based on voting. Virtual voting enables the Hedera network to run a voting algorithm without the need to actually send any voting messages.

Through the use of the Gossip Protocol, the history of all transactions are shared through the nodes.

This means the network has the ability to determine the total order of events based on the function of the hashgraph to get similar answers.

Hashgraph also has a consensus timestamp, which keeps users from changing the order in which transactions are completed.

💰️ Token 💰

Hedera held a crowdsale in August of 2018 with a target of $20 million. The project reached its target quickly, hitting its target in only a few weeks.

The project has a total supply of 50 billion coins, with 636 million currently in circulation.

Hbar is the native cryptocurrency for Hedera, which serves as a utility token to fuel the platform. Token holders using the platform have three fees they have to pay: node fees, service fees, and transaction fees.

Those who hold hbar can use Hedera’s Proof-of-Stake public network to stake their tokens to a specific node on the network. Doing so adds weight to votes on transactions as consensus is reached.

👨‍💻️ Team, Partners & Development 👨‍💻

Dr. Leemon Baird and Mance Harmon co-founded the project, however it’s Baird that invented the Hashgraph algorithm.

He brings more than two decades of experience in the start-up and tech industries, plus a Ph.D. in Computer Science which he earned at Carnegie Mellon.

Mance Harmon has experience, both in the tech sector and with government agencies. The pair have been together for more than twenty years, founding two other startups before Hedera.

📈 Trading & Wallets 📈

HBARs are listed on Binance, OKEx, Bittrex, and several other exchanges. It does do over a million dollar a day on both Binance and OKEx.

It’s mostly traded with BTC or ETH, but there are a few exchanges that pair the token with USDT.

Turnover on exchanges such as Binance has increased substantially. There are pretty decent volumes on the BTC / HBAR order books which implies adequate liquidity for large block orders.

Hedera has its own mobile wallet, along with a few other recommendations for places to store your Hbar.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#Hedera #HBAR #crypto #hashgraph #scaling #consensus #Binance #blockchain #trading #cryptocurrency #ICO

source

LEAVE A REPLY

Please enter your comment!
Please enter your name here