Is HBAR cryptocurrency the next best investment choice?
Like other digital currencies including Bitcoin, we will be known for the present and upcoming years, but before that, it is important to have a better understanding of what is Hedera Hashgraph. Today, in this article, we will know about its functioning and find out Hedera Hashgraph price prediction. And then, in the end, it will be up to you to decide on whether HBAR cryptocurrency is a good investment to go with or not.
About Hedera Hashgraph and HBAR cryptocurrency
Hedera Hashgraph can be defined as 3rd generation blockchain adhering to the steps of its forerunners - BTC and ETH. Mainly, it is an able platform that guarantees speed and security in comparison to the usual blockchain used by various digital currencies. In other words, we can also understand Hedera Hashgraph as that public network where users can make the best use of transactions within a reliable and secured eco-space.
Use of DLT
DLT stands for distributed ledger technology. It is a technique that is used for recording the transaction of assets. Its storage is done in multiple places at the same time. Hedera Hashgraph follows this concept. It is made to obey the specific order known as DAG or directed acyclic graph.
Beginning of Hedera Hashgraph
Dr. Leemon Baird is the man behind the development of Hedera Hashgraph in the year 2016. The main objective behind starting the work was to reach distributed consensus on a larger scale. And then hashgraph came as an initial breakthrough. It became a kind of distributed ledger that was formulated for individual executions.
And then the company continued plowing the theory of hashgraph and exploited the basic benefits of it over a blockchain. In the year 2018, it made its entry into the crypto market. At present on each day 4 million transactions are managed by Hedera Hashgraph with a hundred thousand accounts.
How Hedera excels over blockchains
Faster and effective in the process of transactions
The first main reason that proves the advantage of Hedera Hashgraph over blockchains is its speed and efficiency. This distributed ledger technology finds no mandatory need for loaded computing PoW methods. It is capable enough to process a million transactions in a short duration.
When it comes to blockchains, transactions are processed here to go with slow speed to reach the admissible security point. Contrary to Hedera Hashgraph, the processing of transactions by blockchains ranges from a hundred to ten thousand each second. It all depends upon the platform.
Another difference to point out is transactional processing in blockchains requires huge energy consumption. Because of this, fees for the simple crypto transaction are charged higher.
Formation of data
To determine how secure or efficient a crypto platform is one needs to know the formation of its data. The utilization of the directed acyclic graph (DAG) technique is the added advantage of Hedera Hashgraph, which seems missing in the characteristics of blockchain. And with the use of it, there is no need for Hedera to choose between security and speed.
There is another difference to be known between blockchains and Hedera Hashgraph. Where blockchains can be accessed by cryptocurrency platforms since they are open to the public, the availability of Hashgraph is only possible through the Hedera platform.
HBAR cryptocurrency: Is it the next best investment?
Want to switch from usual digital currency choices like Bitcoin to some new ones? Then why not give a try to HBAR cryptocurrency? Are you prepared to make it your next best investment choice? Okay, let us have a brief overview of it first. The Hedera coin is also referred to as HBAR.
It is the native cryptocurrency of the Hedera Hashgraph platform. Like other digital currencies like Bitcoin, Ethereum, Litecoin, or any other, HBAR can also be used for purchasing and selling for financial transactions.
If you want to stake in Hedera then it is not at all complex like other crypto platforms. In other platforms which are based on blockchain technology, if anyone stakes a part of his coins, then he won’t be left with anything to do with it. All because the money gets locked up till time passes.
But in the case of Hedera, those holding the accounts can monitor their staked coins. Unlike blockchain-based platforms, they are not locked up. Also, there is no possibility of penalties at the time of pulling out. But there won’t be any rewards for staking. To buy HBAR, a user must have a Hedera wallet be it MyHbarWallet or Hbar Price. The HBAR price prediction for 2025 is estimated at around $3.98 by January 2025 and can rise to $6.35 by December.
Hedera has gone public with its native token with the use of the hashgraph technique instead of regular blockchains, and this distributed ledger technology is witnessing growth. Plus, many clients have been using HBAR cryptocurrency for their business transactions. So yes, HBAR does make a good choice to invest in.