Hedera: The Future of DLT

Entitled Trader

@EntitledTrader

almost 2 years ago

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๐™€๐™ญ๐™ฅ๐™ก๐™ค๐™ง๐™š ๐™ฉ๐™๐™š ๐™›๐™ช๐™ฉ๐™ช๐™ง๐™š ๐™ค๐™› ๐˜ฟ๐™ž๐™จ๐™ฉ๐™ง๐™ž๐™—๐™ช๐™ฉ๐™š๐™™ ๐™‡๐™š๐™™๐™œ๐™š๐™ง ๐™๐™š๐™˜๐™๐™ฃ๐™ค๐™ก๐™ค๐™œ๐™ฎ with @Hedera Hashgraph and $HBAR.

1๏ธโƒฃ Hashgraph Consensus: Hashgraph consensus, a unique algorithm that creates a faster, more secure alternative to blockchain consensus. Powering Hedera to achieve high throughput with 10,000+ transactions per second and low-latency finalityโ€‹.

2๏ธโƒฃ Hedera Network Services: Hedera offers a suite of network services including Solidity-based smart contracts, native tokenization, and consensus services crucial for building decentralized applications.

3๏ธโƒฃ Asynchronous Byzantine Fault Tolerance (ABFT): ABFT, Ensuring network nodes agree on the timing and order of transactions fairly and securely, further fortifies Hedera's consensus mechanism, making it robust against malicious attackโ€‹s.

4๏ธโƒฃ HBAR, the Fuel and Protector: $HBAR, Hederaโ€™s native cryptocurrency, not only facilitates transaction fees but also safeguards the network via proof-of-stake, making malicious attacks expensive and difficult.

5๏ธโƒฃ Evolving Public Ledger: Building on Foundations laid by Bitcoin and Ethereum, Hedera, powered by hashgraph, heralds a new generation of public ledgers. It combines High Security with Fast Transaction Speeds and Low Fees, marking a significant stride in the Evolution of DLโ€‹T.

6๏ธโƒฃ Open Source and Future Vision: With its code open-sourced under an Apache 2.0 license and plans to transition to permissionless consensus nodes, Hedera encourages community involvement and envisions a Decentralized, Secure, and Fast DLT Future.

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