Where Hedera Hashgraph is Accepted Locally and Globally
HBAR is the token of the realm of the third-generation Hedera Hashgraph distributed ledger technology. At 10,000 secure transactions per second, costing just $0.0001 per transaction, HBAR is an undeniable commerce coin. It’s accepted by businesses as payment, from a Russian Chess store to an American tea and coffee brand.
Who accepts HBAR…
Are you an Entrepreneur, freelancer, or manager of a business accepting cryptocurrency?
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Should you buy HBAR?
Probably not if you’re a crypto-purist. HBAR is a centralized digital currency platform that is, in many ways, antithetical to the crypto-ethos. Hedera is NOT technically a blockchain, it’s a patented distributed ledger technology (DLT). It’s a centralized, proprietary (as opposed to open-source) cryptographic technology. Co-founded by Dr. Leemon Baird and Mance Harmon, it’s an enterprise-level, corporate-friendly technology platform. Amusingly, it utilizes a “gossip” game-theoretic protocol, that is modeled after the way that real-world gossip spreads. Hedera aims to be a “blockchain-killer” by not being classically blockchain-powered…
Being a centralized, proprietary digital currency tech, it’s tough to verify that impressive 10,000 transactions per second claim and crucial token-omic details. Despite some impressive institutional connections, the token price has languished in the several cents range since its ICO.
About Hedera Hashgraph (HBAR)
It’s rumored that they are working with the US Federal Reserve on developing a central bank digital currency (CBDC), which I hate, but it could mean wild success long-term for Hedera. They have a corporate advisory board and partnerships that include Google, Boing, LG Electronics, and even the UK’s National Health Service. Make no mistake, this is not a rebellious blockchain start-up, this is an ambitious Fintech firm that stands to profit from offering centralized, proprietary financial tech to keep the institutional powers that be in power while blockchain and cryptocurrency turn the financial world on its head.
The Hedera proof-of-stake public network, powered by hashgraph consensus, achieves the highest-grade of security possible , with blazing-fast transaction speeds and incredibly low bandwidth consumption. By combining high-throughput, low fees, and finality in seconds, Hedera leads the way for the future of public ledgers.
Distributed ledger technologies (DLT) have the potential to disrupt and transform existing markets in multiple industries. However, in our opinion there are five fundamental obstacles to overcome before distributed ledgers can be widely accepted and adopted by enterprises. In this paper we will examine these obstacles and discuss why Hedera Hashgraph is well-suited to support a vast array of applications and become the world’s first mass-adopted public distributed ledger
From the Executive Summary of the Hedera Hashgraph whitepaper