Hedera Hashgraph’s Skyrocketing Value
According to the ever-reputable folks over at Fundstrat, Hedera Hashgraph is expected to push out a staggering $1.9 billion in value across its network by 2024. That’s not chump change! This prediction springs from just how well Hedera has been handling transactions—over 36 million since its public launch in September 2019. We’ve got ourselves a serious overachiever here.
Innovative Applications and Real-World Impact
Hedera’s distributed ledger technology is catching the attention of big players. Companies like Acoer are employing it to track the spread of the pesky coronavirus, while Armanino is counting on Hedera for reliable transaction and account data crucial for auditors. Imagine the digital drama when you see big business fighting to harness the capabilities of a platform?
Google Joins the Party
The addition of Google to Hedera’s governing council is like putting a cherry on top of an already delicious sundae. Mance Harmon, the big cheese at Hedera, stated that Google will operate a network node on the Google Cloud Platform. Talk about star power! This means big plans ahead for creating a robust, trustworthy internet layer with Google helping to steer the ship.
Learning from Facebook’s Fumbles
Now, let’s play a game of “Where did it all go wrong?” with Facebook’s Libra Association. Remember when big names like PayPal and Visa were excitedly jumping on the Libra train? Fast forward and they’re now waving goodbye, leaving Facebook’s payment plans looking more like a ghost town. Harmon argues that while both Hedera and Libra have similar governance models, Hedera’s approach to transparency and regulatory collaboration has led to its flourishing development.
Introducing Hedera Consensus Service
Hedera isn’t one to sit back and relax; it just launched the Hedera Consensus Service (HCS). This new service allows developers to create their own application networks—referred to as “AppNet.” Think of it as the go-to platform for developers wanting privacy without sacrificing trust. With HCS, companies can log transactions in the order they happen, ensuring integrity and transparency in a host of use cases from asset tracking to digital rights management.
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