Hedera Hashgraph is a decentralized public network utilizing the Hashgraph consensus algorithm for secure and efficient distributed consensus.
Hedera Hashgraph operates on a unique consensus algorithm known as Hashgraph. This mechanism involves nodes in the network sharing transaction information through a process of "gossip-about-gossip." This asynchronous communication ensures rapid and secure consensus on transaction order and content, making it a robust foundation for decentralized applications.
Hedera Hashgraph was founded in 2016 by Dr. Leemon Baird and Mance Harmon, both experts in distributed systems and cryptography. In 2018, Hedera conducted a successful initial coin offering (ICO), raising substantial funds. The year 2019 marked the launch of the Hedera mainnet, enabling developers to build applications on the network. Throughout 2020, Hedera expanded its ecosystem by forming partnerships and exploring diverse use cases. As of September 2021, Hedera Hashgraph had been focusing on enhancing its network's security, scalability, and interoperability. The project collaborated with various enterprises to implement applications in areas like supply chain management and decentralized finance (DeFi). For the most up-to-date information, refer to official sources and recent news releases.
In 2024, Hedera Hashgraph has continued to expand its ecosystem and strengthen its network governance. The Hedera Governing Council, which oversees the network's development and stability, added several new high-profile members, including BitGo, Hitachi America, Ltd., and Mondelez International. These new members bring expertise in digital asset security, industrial solutions, and global brand management, respectively. Their involvement is expected to drive innovation and adoption of Hedera’s decentralized technologies in various sectors such as supply chain management, digital payments, and digital identity solutions.
Additionally, Hedera launched several new features and integrations to enhance its ecosystem. The network introduced MetaMask Snaps integration, allowing MetaMask's 30 million monthly active users to interact seamlessly with Hedera. Hedera also partnered with EQTY Lab to introduce ClimateGPT, an AI framework integrated with Hedera’s ledger for enhancing transparency and trust in climate-related data. Moreover, the release of the Hedera Wallet Snap and the onboarding of partners like Supra for real-time data feeds further solidified Hedera’s position as a robust platform for decentralized finance (DeFi), sustainability, and real-world asset tokenization.
Above are only for introduction, not intended as investment advice.
Hedera In-depth Report Generated by AI - For further details, please review:
https://alpha.sosovalue.xyz/trade/HBAR-USDT-BINANCE
Hedera (HBAR) is a proof-of-stake, layer-1 blockchain known for its high transaction speed and scalability. In 2023, Hedera demonstrated strong performance despite a challenging crypto market, handling 10,000 transactions per second since its launch in 2019. Key developments include adding community-run nodes to increase network capabilities and planning additional shards for greater throughput. Q3 2023 saw a record 99 million daily transactions, primarily through its Hedera Consensus Service, with substantial growth in staking and Total Value Locked (TVL). Hedera's circulating market capitalization grew to $1.7 billion, and its fully diluted market cap reached $2.5 billion. The network actively fosters technological advancements and partnerships, such as integrating the JSON-RPC codebase and launching the mobile game "Legends of the Past" using its token service. HBAR, its native token, serves for network fees, validator delegation, and network security, with plans to introduce staking for permissionless public validators. As of Q3 2023, about 67% of HBAR's total supply was in circulation.
Hedera Hashgraph (HBAR) operates within the rapidly evolving blockchain sector, particularly in decentralized finance (DeFi) and enterprise blockchain applications. This sector is experiencing significant growth, with a projected market increase from USD 17.57 billion in 2023 to USD 469.49 billion by 2030. Innovations in private and trusted networks, as well as in technology such as self-executing contracts, are driving this growth. However, the sector faces challenges like regulatory uncertainties and a lack of skilled personnel. Banks, trade, logistics, and various industries are increasingly adopting blockchain technology, indicating its widespread applicability and potential for future expansion.
The allocation and release of HBAR tokens are carefully managed and reported by Hedera, reflecting a structured approach to token distribution and ecosystem development. This structured approach is indicative of Hedera's commitment to the long-term stability and growth of its network and community.
Hedera Hashgraph (HBAR) is supported by a diverse and influential team, backed by significant funding and investment. The company is funded by 19 investors, including prominent names such as Boeing HorizonX Ventures, Tata Communications, BlacTower Capital, and Vestinwolf Alternatives.
The Board of Directors of Hedera features a range of accomplished individuals from various sectors. Some of the notable members include Tasker Generes, Vice President of Vision & Innovation at ServiceNow; Pradeep Iyer, Founder of Satvatma LLC and representative of Avery Dennison; Brian P. Jeffords, Information Technology Director at Boeing Information Technology; Brett McDowell, President & Chair of Hedera; Monique J. Morrow, President & Co-founder of The Humanized Internet; Shyam Nagarajan, Executive Partner of Web3.0 & Sustainability at IBM Consulting; Ian Putter, Head of the Blockchain Center of Excellence at Standard Bank Group; and Scott Thiel, Founder & Entrepreneur-in-Residence at TOKO by DLA Piper.
The team at Hedera includes professionals with expertise in various domains. Andrew Aitken serves as the Chief Open Source Officer, Salvador Aveldaño is the Finance & Business Intelligence Lead, Kate Ball is the Director of Legal Operations & Senior Counsel, Betsabe Botaitis holds the position of Chief Financial Officer & Treasurer, and Mike Cave is the Director of Technical Programs. Other notable members include Alvaro Escobedo as Junior Financial Controller, Alex Popowycz as Chief Information & Chief Information Security Officer, Nilmini Rubin as Chief Policy Officer, Gregory Schneider as Deputy General Counsel, Tom Sylvester as General Counsel & Secretary, Vanessa Valentine as Manager of Committee Operations, and Brad Wells as Director of Risk & Compliance.
In terms of funding, The HBAR Foundation was announced as an over $2 billion fund launched near the end of 2021 to support the adoption and growth of the Hedera cryptocurrency network. For 2022, the Foundation set a goal to allocate over $500 million to the market in various incentives on the Hedera network. This funding is aimed at facilitating user, developer, and market incentives, distributed across multiple sectors to promote growth and competitive advantages in the rapidly evolving cryptocurrency landscape.
List all important events and milestones in the development process of hedera(HBAR). **2012-2016: Invention of Hashgraph**
2017-2018: Formation of Hedera
2019: Open Access of Mainnet
2020: Launch of Hedera Consensus Service
2021: Launch of Hedera Token Service
2022: Upgrade of Hedera Smart Contract Service
These developments indicate Hedera's commitment to enhancing its platform through continued innovation and decentralization efforts, ensuring robust and efficient services for its users and developers.
HBAR's Current Market Performance and Future Predictions:
* As of a recent report, HBAR was trading at around $0.060, with a notable increase in its price over a short period. The market cap stood at approximately $1.778 billion, and the circulating supply was 33.53 billion HBAR.
* Price predictions for HBAR suggest an upward trend over the next months, with potential monthly ROI ranging from 7.6% to 83.1% by December of the following year. This suggests a positive outlook for the token's future valuation.
Technical Analysis and Market Position:
* Hedera's hashgraph technology is acclaimed for its efficiency, security, and stability, crucial factors for its potential as a crypto contender. HBAR's dual role in the ecosystem - powering smart contracts, storage, transactions, and securing the network - adds to its potential.
* HBAR is ranked as the 33rd largest cryptocurrency and is considered a third-generation blockchain, aspiring to serve as a comprehensive transaction platform. The token's performance indicates a strong bullish control in the monthly timeframe, suggesting potential for significant gains.
In summary, Hedera's unique technology, current market performance, future price predictions, and technical analysis all contribute to a cautiously optimistic bullishness index. The technology's efficiency and the potential ROI from its token valuation are significant positives. However, the long-term technical score suggests a need for careful consideration, especially for long-term investors.
Hedera Hashgraph is a decentralized public network utilizing the Hashgraph consensus algorithm for secure and efficient distributed consensus.
Hedera Hashgraph operates on a unique consensus algorithm known as Hashgraph. This mechanism involves nodes in the network sharing transaction information through a process of "gossip-about-gossip." This asynchronous communication ensures rapid and secure consensus on transaction order and content, making it a robust foundation for decentralized applications.
Hedera Hashgraph was founded in 2016 by Dr. Leemon Baird and Mance Harmon, both experts in distributed systems and cryptography. In 2018, Hedera conducted a successful initial coin offering (ICO), raising substantial funds. The year 2019 marked the launch of the Hedera mainnet, enabling developers to build applications on the network. Throughout 2020, Hedera expanded its ecosystem by forming partnerships and exploring diverse use cases. As of September 2021, Hedera Hashgraph had been focusing on enhancing its network's security, scalability, and interoperability. The project collaborated with various enterprises to implement applications in areas like supply chain management and decentralized finance (DeFi). For the most up-to-date information, refer to official sources and recent news releases.
In 2024, Hedera Hashgraph has continued to expand its ecosystem and strengthen its network governance. The Hedera Governing Council, which oversees the network's development and stability, added several new high-profile members, including BitGo, Hitachi America, Ltd., and Mondelez International. These new members bring expertise in digital asset security, industrial solutions, and global brand management, respectively. Their involvement is expected to drive innovation and adoption of Hedera’s decentralized technologies in various sectors such as supply chain management, digital payments, and digital identity solutions.
Additionally, Hedera launched several new features and integrations to enhance its ecosystem. The network introduced MetaMask Snaps integration, allowing MetaMask's 30 million monthly active users to interact seamlessly with Hedera. Hedera also partnered with EQTY Lab to introduce ClimateGPT, an AI framework integrated with Hedera’s ledger for enhancing transparency and trust in climate-related data. Moreover, the release of the Hedera Wallet Snap and the onboarding of partners like Supra for real-time data feeds further solidified Hedera’s position as a robust platform for decentralized finance (DeFi), sustainability, and real-world asset tokenization.
Above are only for introduction, not intended as investment advice.