1️⃣ Project Description
Hedera is a new generation blockchain. It is distinguished by using the "gossip about gossip" protocol to ensure parallel verification of sequence and authenticity. At the same time, traditional blockchains process data sequentially, block by block. It is a decentralized network, but it is maintained by a group of 39 world-renowned companies from various sectors.
Based on their smart contracts, due to the high speed of information processing, a multitude of decentralized applications (Dapps) are being created.
2️⃣ Partners and Investors
HBAR, during the ICO, was sold for $125.5 million, and total investment raised exceeds $286 million, including well-known funds such as Blocktower Capital and Digital Currency Group (DCG).
The group ensuring decentralization consists of the largest firms from completely different industries. They collaborate with Google, LG, IBM, Boeing, and even University College London.
Although private companies have access to the system, in unpleasant cases they will damage their reputation. It is unlikely that they will do anything that does not align with the interests of the network, in which they are very interested.
3️⃣ Assessment and Potential
Their technology, based on the DAG (Directed Acyclic Graph) protocol, is designed to help Hedera Hashgraph perform over 100,000 transactions per second, making it a real competitor to Visa and other payment systems.
An average fee of $0.0001 per transaction, which is executed literally in 3-5 seconds, makes the network really in demand. Already now, more than 1.5 million transactions are processed daily, surpassing the famous Ethereum.
The project's source code is currently closed and accessible only to these 39 companies, but there are plans to open it up and make it available to everyone in the future.
4️⃣ Roadmap
Right now, they are trying to upgrade the local nodes of their network to attract new developers. Upcoming plans include implementing supply keys HIP-850 and HIP-991.
💦 Conclusion
HBAR is a good investment solution, at least due to the threat of significant reputational damage to giant companies in case of any issues, and at most due to the continuous development of the project and the demand for its services. Moreover, they reward their partners and network helpers in various ways.
Familiarize yourself with the project in detail – Website, Investors, Interim Results and Plans
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