August 12, 2020

New blockchain network promises to be faster than Ethereum and Bitcoin

New blockchain network promises to be faster than Ethereum and Bitcoin
Hedera Hashgraph promises to circumvent Ethereum and Bitcoin in transaction speed

Hedera Hashgraph, the new public blockchain network, which claims to be faster thanEthereum and Bitcoin networks, has launched a beta version of its core network for the general public. The network was previously in closed beta with access to select developers.

Hedera Hashgraph - the new blockchain network

On Monday, Hedera said the network can support up to 10,000 transactions per second, compared with 15 for Ethereum and 2.8 per second for Bitcoin.

Hedera network also offers intelligentcontract and file services, and they are currently limited to 10 transactions per second. The firm plans to increase speed "during the remainder of 2019," the report said.

Among 26 decentralized applications (dApps),to be launched on the Hedera network, - AdsDax, a decentralized advertising platform that claims to have completed more than 2 million transactions in 10 days, Chainlink, which will provide Hedera-based applications with offline connectivity, and Certara, a drug development consulting company, which is the provision of "advanced analytics and demonstration of the origin of transaction data."

“We welcome developers worldwide to create decentralized applications on our platform.”“Said Dr. Leemon Baird, cofounder and principal fellow at Hedera Hashgraph.

  • At the time of the launch of the test version, the Hashgraph project raised $ 18 million.