The video discusses the potential of Hedera as a cryptocurrency in 2023 and beyond. Hedera is currently ranked 37th in the top 50 cryptocurrencies and is trading at about 3.8 cents. The project aims to solve issues related to building a central bank digital currency and fast, efficient payments on the blockchain. The team behind Hedera is powerful, and the project adheres to the ISO 222 universal standard for transfer of assets from one place to another. The video compares Hedera to Ethereum and states that Hedera is trying to solve issues that Ethereum has natively.
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Unmatched Potential: Why Hedera Hashgraph Could Be the Next Big Thing in Crypto
Introduction
Hey everyone and welcome back! In today’s video, I’m going to go through Hedera Hashgraph and why I think it has unmatched potential for 2023.
The Project
Let’s dig deeper into the project and what it’s doing behind the scenes. Hedera Hashgraph is a cryptocurrency that is currently ranked 37th and is trading at around 3 to 4 percent of a dollar from Zor Empire. It’s trying to solve a lot of issues that Ethereum used to have, as well as Bitcoin. It’s also aiming to provide fast payments on top of its blockchain, which is a huge selling point for the project.
The Potential
Now, you may be wondering what makes Hedera Hashgraph stand out from other cryptocurrencies. It’s quite similar to Ethereum in the sense that decentralised applications can be built on top of it. However, what differentiates it is its energy efficiency. Hedera Hashgraph has a proof of stake mechanism, which means that you can hold Hedera and validate the transactions on the blockchain which is far more energy-efficient than proof of work.
The Standards
Currently, Hedera Hashgraph is ISO 222 certified, which is a universal standard that helps governments and companies alike across the world pick and choose the cryptocurrency tokens and companies that are adhering to this particular standard. It’s a competitive edge compared to others that are out there because of the interest from governments and countries.
The Future
Hedera Hashgraph has the potential to be a game-changer in the crypto world. It is trying to solve the clunky payment systems that we have today, and it has a strong team behind it. The project also allows for bank use, which is a huge factor in today’s world. It’s worth noting that we shouldn’t undermine Ethereum, though. We should always strive to coexist and be competitive with each other.
Conclusion
All in all, Hedera Hashgraph is definitely an exciting project worth keeping an eye on. It’s trying to solve significant issues that persist in our current payment system, and it has the potential to be an industry leader. So, do you agree that Hedera Hashgraph has unmatched potential? Let us know in the comments below!
