Developers can create both volatile cryptocurrencies, stablecoins, and NFTs. They can be used for payments, management purposes, and the formation of digital collections.
A New Type of Consensus Mechanism
The key development of developers is a new type of consensus achievement by nodes. It's called a hashgraph and is based on a gossip about gossip mechanism and a networkless virtual voting system.
Smart Contracts Launch
They can be written in the Solidity and Vyper programming languages and used as the basis for custom protocols, high performance dApps, oracles, bridges, and auctions. The option is available to individuals and companies.
Hedera provides the ability to create secure, auditable, transparent event logs for applications and infrastructure. You can track supply chains, payments, and have proof of ownership of data or objects.
High Transaction Speed
The developers call their project a new generation blockchain. It shows security and lower fees with predictable gas prices and transaction speeds ten times faster than major competitors.
Smart Contracts Launch
Hedera allows you to use the popular Solidity programming language, fees are lower than most blockchains, and transaction settlement is instant. A smart contract can be made both updatable by adding admin keys to fix errors, or immutable.
Blockchain technology is not the only way to create a transparent, open platform for running decentralized applications, tokens, and deploying smart contracts. The chief scientist of the Hedera project has developed an alternative – a hashgraph. It provides instant cheap transactions, opens up new opportunities for developers, private users and corporations.
Hedera is unique as the project has an exclusive, perpetual and non-transferable right to the hashgraph technology. The core component of the network makes it secure, fast, and scalable. Due to the technology, the Hedera hashgraph shows the highest possible level of security (ABFT).
Consensus finality will be 100% achieved if less than a third of the nodes are owned by attackers. Even if they control communication (cancel, delay messages from honest nodes). The network is resistant to DDoS and Sibyl attacks and does not allow a transaction to be rolled back. This is combined with instant transactions, high throughput, low fees, and fast completion of the transaction when it cannot be canceled.
HBAR is an energy-efficient coin of its own network, which is needed to ensure its security and the operation of a decentralized economy. With the help of the coin, developers started a new era of safe, fast and productive dApps. Like most other cryptocurrencies, it is highly volatile. There is no binding to the price of fiat or precious metal, as is the case with stablecoins. Classical coin mining using GPUs or special ASIC computers, as is the case with PoW networks, is not possible. All coins are already generated. You can get them if you become a project developer or receive a grant. But an easier way, suitable for ordinary investors, is to buy.
Classical coin mining using GPUs or special ASIC computers, as is the case with PoW networks, is not possible. All coins are already generated. You can get them if you become a project developer or receive a grant. But an easier way, suitable for ordinary investors, is to buy.
The network is used to launch its own private blockchains, projects, applications related to payments (search for new sources of income, reduce costs), fight against fraud, verify the identity of users. It already has dozens of dApps from the areas of gaming, healthcare, business, scientific and statistical research.
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