HashPack

Hedera

HeliSwap

Stader

With the rapid growth of&nbsp;<a href="https://hedera.com/" rel="noopener noreferrer nofollow">Hedera</a>, it is clear that there is now competition to the old <a href="https://bsc.news/post/layer-1-blockchains-ultimate-guide" rel="noopener noreferrer nofollow">blockchain</a> system, which up until now had no competition. Founded in 2019, Hedera is not a blockchain; it is based on a structure called&nbsp;<a href="https://bsc.news/post/hbar-everything-you-need-to-know-about-the-hedera-blockchain" rel="noopener noreferrer nofollow">Hashgraph</a>, which Dr. Leemon Baird developed.&nbsp;&nbsp;This technology boasts faster than real-time transactions, as well as unmatched security and efficiency. These advantages make it the technology of choice for protocols and platforms intending to revolutionize decentralized applications (dApps). But what, exactly, is Hedera Hashgraph, and why is there a rush from developers and enterprises? Let’s take a look.<h2 id="span-span-strong-the-hashgraph-difference-strong-span-span">The Hashgraph Difference</h2>Hedera Hashgraph has improved traditional blockchains using directed acyclic graphs (DAGs) instead of linear blocks. In this system, nodes process and share transaction data rapidly using a “gossip about gossip” protocol that captures and secures details in real-time. Hedera reaches consensus via&nbsp;<a href="https://hedera.com/learning/hedera-hashgraph/what-is-asynchronous-byzantine-fault-tolerance-abft" rel="noopener noreferrer nofollow">asynchronous Byzantine Fault Tolerance (aBFT</a>)— the distributed systems gold standard, ensuring security regardless of some participants’ destructive intent.&nbsp;As a result, Hedera completes more than 10,000 transactions per second (TPS), confirming them in seconds. Compared to Ethereum’s pre-sharding TPS of 15 to 30, or even Bitcoin’s 7 TPS, this is an exceedingly large number. The impressive speed at which transactions are processed is not the only thing distinguishing Hedera from other blockchain infrastructure. Additionally, the platform boasts carbon-negative status, contributing to its claim of being energy-efficient. Further, the fact that Hedera utilizes the same language as Ethereum for smart contracts and Solidity and offers native tokenization services makes it a friendly platform for developers.&nbsp;Hedera's governance comes as another peculiarity. It's managed by a council that includes such global giants as Google, IBM, and Deutsche Telekom, and can reach up to 39 organizations at one time. While this isn’t fully operable without restrictions (though that’s the end goal), it does enhance credibility and trust, especially for large corporations. The native cryptocurrency, HBAR, powers the network, is used for transaction fees, staking in a proof-of-stake system, and has a capped supply of 50 billion.<h2 id="span-span-strong-why-protocols-are-betting-on-hedera-strong-span-span">Why Protocols Are Betting On Hedera</h2>So why are protocols increasingly building on Hedera Hashgraph? In this particular case, the answers are in a blend of efficiency, practicality, and visionary architecture. Here is a summary of the main points:&nbsp;<h3 id="span-span-strong-unmatched-performance-and-scalability-strong-span-span">Unmatched Performance And Scalability&nbsp;</h3>Hedera excels in producing unmatched performance as its speed enables the application to execute transactions in real-time at thousands of TPS. With its ability to handle thousands of TPS and settle transactions almost instantly, it's tailor-made for applications needing real-time execution such as decentralized finance (DeFi), gaming, or supply chain tracking. And unlike many blockchains that struggle under heavy loads, Hedera scales effortlessly, making it a reliable backbone for growing ecosystems.<h3 id="span-span-strong-rock-solid-security-strong-span-span">Rock Solid Security&nbsp;</h3>The aBFT consensus is like a fortress. This critical security feature is a real game changer because it provides strong protection and keeps the network intact even if up to a third of nodes turn rogue. This level of security serves as a magnet for enterprises and financial services looking for a dependable Distributed Ledger Technology (DLT) for higher level protocols guarding sensitive information or high value assets.<h3 id="span-span-strong-cost-effectiveness-strong-span-span">Cost Effectiveness&nbsp;</h3>This is one of the profound benefits among other protocols. At $0.0001 per transaction, Hedera’s fees are a fraction of what you’d pay on Ethereum or other networks. This affordability is a boon for protocols with high transaction volumes that will guarantee cost reduction from micro-payments to huge scale token transfers.<h3 id="span-span-strong-sustainably-efficient-technology-strong-span-span">Sustainably Efficient Technology</h3>Hedera’s recent emphasis on energy-efficient tech is a positive development as it drives more profound acceptance of their carbon negative claims. Protocols concerned with environmental footprints, such as carbon credit tracking, find its low footprint particularly appealing.&nbsp;&nbsp;Open innovation at Hedera does not start from scratch, as developers coming from Ethereum can port their smart contracts with ease thanks to their Solidity compatibility. This, along with user-friendly APIs and SDKs open to languages such as JavaScript and Go for account creation and minting tokens, means innovation is untapped and easy to access.&nbsp;&nbsp;The governance system of Hedera is constantly changing, moving towards full permissionlessness with a focus on enterprise trust and web3. As the world becomes more decentralized, its versatility will allow it to adapt towards the new order.<h2 id="span-span-strong-top-applications-on-hedera-strong-span-span">Top Applications on Hedera</h2>Hedera's ecosystem has various platforms that display its diversity. Below are some of the best ones:<h3 id="span-span-strong-heliswap-strong-span-span">HeliSwap</h3><a href="https://app.heliswap.io/" rel="noopener noreferrer nofollow">HeliSwap</a> is a DEX on Hedera that facilitates the quick and efficient trading of HBAR and other tokens. It is a prime case for its high throughput, which drives down fees and powering DeFi innovation.<h3 id="span-span-strong-saucerswap-strong-span-span">SaucerSwap</h3>Another DEX,&nbsp;<a href="https://www.saucerswap.finance/" rel="noopener noreferrer nofollow">SaucerSwap</a>, emphasizes offering liquidity and trading, facilitating seamless trade of tokens. Its success reinforces the view that even in a DEX crowded market, Hedera can sustain competitive DeFi platforms.<h3 id="span-span-strong-stader-labs-strong-span-span">Stader Labs</h3><a href="https://www.staderlabs.com/" rel="noopener noreferrer nofollow">Stader Labs</a> extends staking services to layerion, which enables HBAR holders to stake their tokens and earn rewards. It is a practical case utilizing Hedera's proof of stake security.<h3 id="span-span-strong-hashpack-strong-span-span">HashPack</h3><a href="https://www.hashpack.app/" rel="noopener noreferrer nofollow">HashPack</a> is a sleek wallet for the Hedera ecosystem, allowing seamless management of HBAR and other tokens. It serves as a friendly introduction for users to engage with Hedera-based dApps.<h3 id="span-span-strong-red-swan-strong-span-span">Red Swan</h3>Tokenizing property is no small innovation, but Hedera&nbsp;<a href="https://redswan.io/" rel="noopener noreferrer nofollow">Red Swan's</a> assistance makes it seem effortless. Its platform uses the network’s speed and low costs to bring real estate investment into the digital world.&nbsp;<div><figure class="table"><table><colgroup><col></colgroup><colgroup><col></colgroup><colgroup><col></colgroup><tbody><tr><td>Platform</td><td>Category</td><td>Description</td></tr><tr><td>HeliSwap</td><td>DeFi</td><td>A decentralized exchange (DEX) for trading HBAR and other tokens on Hedera.</td></tr><tr><td>SaucerSwap</td><td>DeFi</td><td>Another DEX, focusing on liquidity provision and trading services.</td></tr><tr><td>Stader Labs</td><td>Staking</td><td>Offers staking solutions for HBAR, enabling users to earn rewards.</td></tr><tr><td>HashPack</td><td>Wallet</td><td>A digital wallet for managing HBAR and other tokens on the Hedera network.</td></tr><tr><td>Red Swan</td><td>Real Estate</td><td>A platform for tokenized real estate investments, leveraging Hedera's speed.</td></tr></tbody></table></figure></div><h2 id="span-span-strong-the-bigger-picture-strong-span-span">The Bigger Picture</h2>Hedera Hashgraph is more than just another DLT; It is a prognostication of what decentralized systems can evolve into. Its integration of speed, security, and sustainability addresses the dreaded blockchain trilemma (the conflict of decentralization, security, and scalability) in a way uncommon to many. For protocols, it is a current provider and simultaneously an anticipator of the future. The dispute on governance–centralized council versus permissive utopia–makes it even more interesting, but Hedera's roadmap indicates that it plans to follow the community's will.&nbsp;Whether powering a DEX like HeliSwap, or tokenizing real estate through Red Swan, Hedera proves that it is not hype—but utility. For developers, enterprises, and eco-conscious pioneers, it's yet another distributed ledger that demands attention.&nbsp;While all this is true, Hedera Hashgraph is a relatively new player in the industry. Still, due to its secure, scalable, and sustainable framework, it is poised to become an essential element of the decentralized future. As more providers adopt its vision, it may change the existing paradigms of thinking about DLT. It is a sleeping powerhouse - agile, effective, and poised for growth.&nbsp;

What Makes Hedera Special? Top Apps Building on HBAR

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