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Tag: HederaHashgraph

  • The 3rd Generation – Hedera Hashgraph (HBAR)

    The 3rd Generation – Hedera Hashgraph (HBAR)

    Hedera Hashgraph is abbreviated as HBAR. HBAR is Hedera’s native energy-efficient coin that supports the decentralized economy. The platform enables the creation of safe, efficient, and powerful dApps. HBAR’s success is due to the fact that it is backed by some of the world’s most prestigious corporations. LG, Google, Standard Bank, Boeing, TATA, and IBM are all major players in the Hedera System’s governance.

    It was founded in 2018 through an initial coin offering (ICO) and debuted its mainnet in 2019. HBAR serves two purposes: it provides security to the entire HEDERA network via staking and it also powers other HEDERA services such as file storage, contracts, and transactions.

    Comparison Between BTC, ETH, HBAR

    • BTC transactions: 3+, Eth transactions: 12+, HBAR transactions: 10,000+
    • Average Fees: $22.57 for Bitcoin, $19.55 for Ethereum, and $0.0001 for HBAR
    • Confirmation of transactions: 10-60 minutes for Bitcoin, 10-20 seconds for Ethereum, and 3-5 seconds for HBAR (with finality).
    • Transaction Energy: 885+kwh for Btc, 102+kwh for Eth, and 0.00017kwh for HBAR.

    HEDERA’s Features

    • On-system minting of fungible and non-fungible tokens (NFT).
    • Security consensus for the entire Hedera system.
    • Smart Contracts, which allow developers to create a variety of dApps for the general audience.
    • A decentralized file storage system based on proof-of-deletion.

    Price Movement – Hedera

    Before the crash in July, the coin had created its All-Time High in March 2021 and reached a price of almost $0.455 before falling down to a price of $0.1382 in June 2021. It soon recovered and created a new ATH in September and reached $0.5760. At the time of writing this article Hedera (HBAR) is being traded at a price of $0.2639. The price has almost decreased by 8% today. On the monthly time frame, we have seen a decrease of almost 25%.

    The Total volume at the moment is $88,010,539 with an increase of 18.70% in the past 24 hours. The coin is listed on coinmarketcap on the 37th spot and has a market dominance of about 0.21%.

    Long Term Price Prediction – Hedera (HBAR)

    Digital Coin Price thinks that HBAR is a highly bullish coin and it would continue to rise in value. According to their prediction, in one year it will reach a value of $0.47. In a five-year plan, the price is expected to reach a value of $1. Traders think that it would soon reach the expected values in much less time.

  • South Korea’s Largest Bank Joins Hedera Network

    South Korea’s Largest Bank Joins Hedera Network

    Shinhan Bank – the largest bank in South Korea in terms of total assets – has joined the governance council of Hedera. The bank official has joined the Hedera network in order to further financial innovation through Hedera’s distributed ledger which the bank stated to meet the needs of the FinTech sphere perfectly – with its security and efficiency.

    The decentralized public network will act as infrastructure for the leading bank to improve their internal processes and bring further innovations into the banking sector. DLTs have been increasing being used in the FinTech sphere and South Korea’s largest bank plans on harnessing the potential of DLTs for banking services.

    Shinhan Bank has been an active advocate of distributed ledger technology for the use of financial innovation. The bank had invested in Korea Digital Asset Custody and had also completed a demonstration platform for central bank digital currencies (CBDCs). Joining the governance of Hedera Network is just the next step in the bank’s mission to innovate and revolutionize the finance industry.

    The CEO of HederaHashgraph, Mance Harmon, had stated there had been a spike in the use of DLT in the finance sphere because of its suitability for the industry. IBM had also announced a Tech Preview with HederaHashgraph which demonstrated the juncture of IBM and Hedera’s technology for permissioned transaction processing.