Hedera Hashgraph is ten times better than Ethereum

[lumierre]

Remember before, everyone was sure that Ethereum would kill the Bitcoin blockchain. But in reality, nothing like this has happened, there are not really any differences. It's just that some cryptocurrencies are growing because they are trusted, and others because they are used.

[Abiky]

This is a list of Blockchain dapps platform (as mentioned on dappradar.com):

ETH
EOS
TRON
IOST
LOOM
ONT
ThunderCore
VeChain
Waves
NEO
WAX
Steem
Hive
BORA
BSC
Matic

There are 16 platforms that claim to be "better than Ethereum" and compete in the same market. It's still a long way before HBAR can be considered as a rival to ETH.

It's true that there are many competitors which claim to be better than Ethereum. Most (if not all) rival Blockchain networks have greater scalability than Ethereum due to the way they were designed. This translates into cheaper fees and faster transaction confirmation times to the end user. I think that there's something unique about Hedera Hashgraph (HBAR) as it makes use of a DAG. Besides that, Hashgraph makes use of Ethereum's "EVM" to become directly compatible with Solidity-based smart contracts. Transactions are nearly instantaneous, while fees are ridiculously low. There's nothing stopping developers from migrating existing dApps from the ETH blockchain to HBAR. It seems that the switch has not been made yet, as Ethereum enjoys mainstream adoption unlike any other alternative blockchain network in the world today.

Despite soaring fees and slow transaction confirmation times, Ethereum's decentralization as all that matters for dApps to achieve true censorship resistance. That's something Hashgraph doesn't have, since the network's model is centralized. You'd either sacrifice decentralization for scalability or vice versa. For different purposes/needs will be the type of Blockchain to use for mainstream payments. My guess is that Hedera Hashgraph will find its own place in the business sector. Companies, merchants, and businesses alike will find Hashgraph to be a much more attractive option than Ethereum because of its low cost and blazing-fast speeds. The general public will find Ethereum a much more attractive option than Hashgraph because of its decentralization and censorship resistance. As long as each project work together to make crypto land a better place, nothing else matters. I'm expecting to see HBAR experience increased traction in the future as Ethereum becomes bloated with transactions on the Blockchain. But it'll never replace Ethereum since the latter has a large user base behind it. Just my opinion

[ScamViruS]

Remember before, everyone was sure that Ethereum would kill the Bitcoin blockchain. But in reality, nothing like this has happened, there are not really any differences. It's just that some cryptocurrencies are growing because they are trusted, and others because they are used.

Every time a lot of coins come in the market and promote the projects as the killer of bitcoin. But the reality is that their useless coins have no value other than Bitcoin. Those who promote other projects know that they have no existence without Bitcoin.

But ETH is definitely a good project so they are still doing well in the market, but it is not fair to compare it to Bitcoin.

[FlagstaffRevel235]

Ethereum is one of the top coin in the CMC, HBAR has a potential market price at all but it is not comparable with ethereum and HBAR can not be better than ethereum because it has a strong network system and support and also a huge market. But HBAR don't have this type powerful network.

[Abiky]

Ethereum is one of the top coin in the CMC, HBAR has a potential market price at all but it is not comparable with ethereum and HBAR can not be better than ethereum because it has a strong network system and support and also a huge market. But HBAR don't have this type powerful network.

You do have a point there, mate. But I think that there's more to Hashgraph than meets the eye. Technically-speaking, HBAR is far superior than ETH. What it lacks is mainstream adoption to keep it going towards "infinity and beyond". By being compatible with Solidity-based smart contracts, it's easy enough to migrate ETH dApps into Hedera Hashgraph. The near-instant settlement times and ridiculously low fees on the Hashgraph network will make "De-Fi" practical again. It's becoming too expensive to interact with dApps on the Ethereum blockchain, as fees soar like there's no tomorrow. The ETH 2.0 upgrade will help alleviate the situation in the time being. But a long-term solution is needed if ETH proponents want people to stay on the network as much as possible. HBAR have all it takes to beat ETH with its high transaction capacity. Yet, people are inclined into ETH because it's the most decentralized smart contract platform in the world. That's why it's still at the top, while HBAR and other competitors are left behind in the dust.

Nonetheless, mainstream adoption is what determines a cryptocurrency project's level of success. So far, ETH is the most widely-adopted smart contract platform in the world. Most new dApps and tokens are built on ETH, giving the project a huge advantage over others. HBAR may survive in the long run, but it might never become a true contender of ETH. With many smart contract platforms on the market, the future of Hedera Hashgraph becomes highly uncertain. Just my opinion

[HerbertMarcel]

Do you understand what you mean? Ethereum is at No. 2 in Coinmarketcap, on the other side Hedera Hashgraph is at No. 84. How can it be compared with ranking 2 with the ranking 84? Well, tell me one thing, who came up with the smart contract that Hedera Hashgraph is using? I believe the Hedera Hashgraph is in a much better position than other Crypto. But that doesn't mean it's 10 times better than Ethereum.

[LogitechMouse]

Lets face the truth. People are investing because of profits not the technology.
I may be wrong but that is what I'm seeing right now.

There are many coins in the bottom which has a better technology than most of the coins at the top and HBAR is one of them. Unfortunately, there isn't enough people to support it and people doesn't care about the technology. They care more about their profits than the technology behind the coin.

Comparing the 2 of them are kinda like you are comparing a huge company into a small company. Technology wise, HBAR might be better but lesser community and supporters compare to ETH.

[Abiky]

Lets face the truth. People are investing because of profits not the technology.
I may be wrong but that is what I'm seeing right now.

There are many coins in the bottom which has a better technology than most of the coins at the top and HBAR is one of them. Unfortunately, there isn't enough people to support it and people doesn't care about the technology. They care more about their profits than the technology behind the coin.

Comparing the 2 of them are kinda like you are comparing a huge company into a small company. Technology wise, HBAR might be better but lesser community and supporters compare to ETH.

Exactly. Most people are into crypto to make a quick buck. They don't care about an underlying cryptocurrency's tech as long as they're able to fill their pockets with money. Since Ethereum has the most "De-Fi" lending apps with attractive interest rates, people won't feel the need to switch to another blockchain network. Even with the high fees and slow transaction confirmation times of ETH, the vast majority of developers, businesses, companies, and individuals haven't gone anywhere. It's why Hedera Hashgraph will only remain as an alternative to the Ethereum blockchain than a true replacement.

Nonetheless, HBAR's low fees and blazing-fast transaction confirmation times makes it the perfect platform for "De-Fi". But the company is going the need to ramp up marketing/promotion efforts in order to attract prominent businesses and companies into it. No matter how far Hashgraph goes, it'll never be able to become a true contender of Ethereum because of the reasons explained earlier. You can't beat the "King of Smart Contracts" (Ethereum), the same way you can't beat the "King of Crypto" (which is Bitcoin). Competitors will eventually realize this, leading them to focus on "building" instead of trying to outmatch existing blockchain platforms. Just my opinion

[sgenuine]

How do you imagine a real competitor to Ethereum? This should be such a breakthrough project that all institutional investors were imbued with the idea of its development and threw all their efforts into promoting it. Currently, such a project does not exist and we will have to be content with what is available on the market.

[ololajulo]

all the top ten coin has substitute projects with better technology but the pioneering of successful project with time, community and huge capital makes the top coin difficult to compete with in the market. The chances of improvement had already been created by the projects as the flaws is already available. I may not choose Hedera over Ethereum as investment because of the trust but the technology might provide better platform for execution

[Abiky]

How do you imagine a real competitor to Ethereum? This should be such a breakthrough project that all institutional investors were imbued with the idea of its development and threw all their efforts into promoting it. Currently, such a project does not exist and we will have to be content with what is available on the market.

It's a valid argument. I mean, no other smart contract platform compares to Ethereum when it comes to achieving security, decentralization, reliability, and censorship-resistance. Hedera Hashgraph may have all of the "bells and whistles", but it lacks mainstream adoption. Not to mention, it has a centralized design. Technically speaking, HBAR is superior than ETH. But as I've said many times before, all that matters is mainstream adoption and decentralization. It's no wonder why ETH is still at the top, while its competitors are always one step behind.

Nonetheless, Hedera Hashgraph is an interesting concept that makes use of a DAG to improve scalability for smart contracts. Whenever it'll be a success in the long run or not, it's yet to be determined. With so many new smart contract platforms on the market right now, it'll be difficult for HBAR to stay ahead of the game. All of the attention is on Polkadot, Binance Smart Chain, and Ethereum, as new "De-Fi" apps take the world by storm. Mentions about building dApps on Hedera Hashgraph have been little to non-existent. If this keeps up, HBAR could fade into oblivion faster than you could imagine. Just my thoughts

[pangu]

Great Hashgraph Interview @ GBA Blockchain 2021:
https://spa-assets.eventxtra.com/786UVU6VpKeu35WEEqJAW5T25QTEBt8aku31AX87gbLD/Day%201%20-%2013.%20Innovation%20Ecosystems,%20Hashgraph%20Applications--1617104305209.mp4
(via https://twitter.com/animocabrands/status/1379490652120055812)

[Bitstar_coin]

The problem with crypto community and most developer's is that they have a one sided thinking, eth is seen as the king of alts hence no other project can be better technologically wise, even now that they are yet to resolve scalability issue and high transaction fees many people don't see anything wrong in that,

Hedera may be good but who many dev will use it and the crypto community won't adapt, everyone is already used to erc20, not ready to try something new,
Most of the project switching to bsc right is because their hands are tied, they feel they have no choice while there are many alternatives out there. Eth will always be at the top.

[pangu]

The problem with crypto community and most developer's is that they have a one sided thinking, eth is seen as the king of alts hence no other project can be better technologically wise, even now that they are yet to resolve scalability issue and high transaction fees many people don't see anything wrong in that,

Hedera may be good but who many dev will use it and the crypto community won't adapt, everyone is already used to erc20, not ready to try something new,
Most of the project switching to bsc right is because their hands are tied, they feel they have no choice while there are many alternatives out there. Eth will always be at the top.

Up to today, only 1m people worldwide owns a NFT yet. There is lot's of space for newcomers to reach the top..

[Abiky]

The problem with crypto community and most developer's is that they have a one sided thinking, eth is seen as the king of alts hence no other project can be better technologically wise, even now that they are yet to resolve scalability issue and high transaction fees many people don't see anything wrong in that,

Hedera may be good but who many dev will use it and the crypto community won't adapt, everyone is already used to erc20, not ready to try something new,
Most of the project switching to bsc right is because their hands are tied, they feel they have no choice while there are many alternatives out there. Eth will always be at the top.

ETH has huge developer support unlike any other smart contract platform in the industry. But things could change as the ETH blockchain becomes utterly expensive and slow for day-to-day use. Always remember that nothing lasts forever. ETH may be the "King of altcoins" right now, but it could lose its position in the future if it doesn't stay ahead of the game. Constant delays in adopting certain network upgrades for scalability will force people to look for other alternatives on the market.

Binance Smart Chain (powered by BNB) is on the rise, while other scalable smart contract platforms are starting to gain traction. Hedera Hashgraph is widely compatible with the EVM, so it has a better chance of success than its rivals. It's like "Ethereum on steroids" with near-instant transaction finality and ultra-low costs. The only downside is Hedera Hashgraph's centralized model. But if BNB has been a widespread success (even though it's centralized), so can HBAR. Hashgraph has the potential to take the "De-Fi" world by storm. Everything will depend on developer's (and the community's) efforts to make it a success in the long run.

Nonetheless, HBAR is still superior than ETH from a technical standpoint. It lacks mainstream adoption as people are focused solely on ETH. Whenever Hedera Hashgraph will become a success or a failed experiment, it's yet to be seen. We cannot predict the future so anything can happen within a couple of years from now. At least, the coin is actively traded on the market. As long as the network is still alive, people will have an alternative to ETH that's fast, cheap, and easy to use. Just my opinion

[Daltonik]

The board of governors of Hedera Hashgraph from 23 organizations allocated 10.7 billion HBAR tokens worth $ 5 billion to accelerate the implementation of the network.
Hedera said that the newly created HBAR Fund will be allocated 5.4 billion tokens worth $ 2.5 billion. The remaining amount will be used for other initiatives aimed at strengthening the development of the Hedera ecosystem. 
source: https://www.coindesk.com/business/2021/09/16/hedera-governing-council-approves-5b-in-hbar-tokens-to-boost-network-adoption/


Today, the HBAR token reached its historical maximum and was trading at $0.567.

[Abiky]

The board of governors of Hedera Hashgraph from 23 organizations allocated 10.7 billion HBAR tokens worth $ 5 billion to accelerate the implementation of the network.
Hedera said that the newly created HBAR Fund will be allocated 5.4 billion tokens worth $ 2.5 billion. The remaining amount will be used for other initiatives aimed at strengthening the development of the Hedera ecosystem.
source: https://www.coindesk.com/business/2021/09/16/hedera-governing-council-approves-5b-in-hbar-tokens-to-boost-network-adoption/


Today, the HBAR token reached its historical maximum and was trading at $0.567.

HBAR is a hidden gem waiting to blossom someday. All of the attention is on Binance Chain, Ethereum, Solana, and Cardano, while HBAR is left behind in the dust. The Hedera Hashgraph platform is much superior than its rivals as it makes use of a DAG for high transaction throughput and cost efficiency. After all, tansactions are confirmed almost instantly at a fraction of the cost. More organizations and companies are joining the Hashgraph ecosystem, as they realize its true benefits. Imagine how big the cryptocurrency will become if developers create "killer" dApps on the platform. It would probably soar all the way into the top 10 ranks in market cap.

Technically speaking, HBAR is better than ETH. But it's lacking behind in terms of decentralization, security, and censorship-resistance. It's the reason why Ethereum is still the "King of Altcoins". How far will HBAR go will greatly depend on mainstream demand. I'd be surprised if HBAR goes towards "double digits" within 5-10 years from now. Just my opinion

[Mrpumperitis]

WOW its been a few years since anyone posted here....
Well due to recent HBAR progress i think this thread might start being more active as HBAR climbs the ranks and people want to learn more about the project.

DHNCRYPTO
@WadeTeamer
#FedNow has added another company to its Services Provider Showcase. Micro Payments company
@droppcc
. Dropp enables micro payments in $HBAR, USD and $USDC
This means banks in the US looking for micro payments services can now use #Hedera technology.
Dropp will enable Real time payments thru FedNow. Process customers credit transfers and handle incoming payments.
Not all service providers can do both. Which means HBAR tech has higher standing in this case.

https://twitter.com/WadeTeamer/status/1681845298153287681
Just realized $HBAR governing council member FIS is also listed as a #FEDNOW services provider. Interesting 🤔

https://www.tahawultech.com/interviews/one-of-our-key-differentiators-is-the-fact-that-we-have-a-governing-council-structure-stefan-deiss-hedera/


The Hedera Governing Council is a decentralized and transparent governing body of independent, global organizations consisting of enterprises, web3 projects, and prestigious universities.

https://files.hedera.com/Hedera_Council_Overview_2023_05.pdf?



https://www.cryptopolitan.com/hedera-hbar-form-partnership-with-mastercard/
In a groundbreaking move that promises to reshape the landscape of digital finance, Hedera (HBAR) has announced a strategic partnership with FreshSupplyCoAu to integrate with the Continuity API. This integration will enable seamless connections to banks and the Mastercard Network, bridging the gap between decentralized blockchain technology and conventional financial infrastructure.


https://www.youtube.com/watch?v=AQ00IDd0Mds
28min, HBAR founder Mance explains HBAR, Mastercard, Hyundai, Dropp and Fednow usecase.


https://www.youtube.com/watch?v=3aJWbqr5J0k
Hedera Hashgraph (HBAR) 4 Billion Transaction To Hedera!! & Hedera To Power Australia?! #HBAR


https://www.prnewswire.co.uk/news-releases/web3-social-media-app-calaxy-raises-26m-to-revolutionize-creator-economy-865446048.html
LOS ANGELES, June 7, 2022 /PRNewswire/ -- Calaxy, the open social marketplace built for creators, by creators is set to reinvent the way celebrities and fans interact after a successful raise of $26 million in strategic funding. The HBAR Foundation and Animoca Brands co-led the raise, with additional support from Polygon.

https://calaxy.com/
https://www.youtube.com/watch?v=v5d0CvIGm1c
Calaxy officially launched on August 10, 2023 at 9 AM ET, ushering in a new era of Creator monetization and fan engagement.


https://www.youtube.com/watch?v=UsbjFatFan0
HEDERA HBAR JUST CHANGED THE GAME | CALAXY GOES LIVE, $250 BILLION DISRUPTION
CBDCs being built on HBAR?

https://finance.yahoo.com/news/hedera-hashgraph-integrates-emtech-cbdc-103140489.html


https://www.businesswire.com/news/home/20230525005864/en/West-African-Monetary-Institute-WAMI-Partners-with-EMTECH-SOLUTIONS-INC-to-Modernize-Fintech-Regulatory-Frameworks-Across-the-West-African-Monetary-Zone

https://www.businesswire.com/news/home/20230719906206/en/EMTECH-Releases-its-Web-3-Enabled-Central-Banking-Digital-Currency-Innovation-Kit-For-Fintechs




https://www.crowdfundinsider.com/2023/08/210981-cbdcs-emtech-a-provider-of-central-banking-infrastructure-secures-additional-funding/
Emtech founder Carmelle Cadet stated that the firm will launch its initial version of a CBDC platform in late 2023.

The firm noted:

“As the world rapidly evolves in the digital age, the concept of currency is undergoing a significant digital transformation. Imagine if the central banks that print paper cash today decide to use Blockchain or Distributed Ledger Technology to introduce even 10% of the over $10T of paper cash in circulation today. Imagine if that could be done in a way that allows the digital cash to be as trusted as paper cash, to move peer to peer like bitcoin, to be used in real time via various channels like QR codes, USSD, cold wallets, hosted wallets and doesn’t require a bank account to hold or use.”





Is HBAR the ETH killer.......Its def going to try.

[aseprebel]

The Hedera Hashgraph is an innovative DAG (Directed Acrylic Graph) that's directly compatible with Solidity-based smart contracts. Since the network itself has high transaction throughput, Hashgraph could become a fierce competitor against Ethereum in the future. Fees are ridiculously low, making "De-Fi" practical on Hedera Hashgraph. All it takes is for developers to migrate their ETH dApps into the Hashgraph DAG, for "HBAR" to become a big name in the crypto industry. It'll be an easy process considering that the network supports the Solidity programming language. It's like Ethereum on steroids. Yet, "HBAR" has a low price on the market. Maybe it's because people are not aware of its true benefits relative to Ethereum?

Do you think Hedera Hashgraph is better than Ethereum? If not, why? Does it have a future? Is "HBAR" extremely undervalued these days? Your input will be greatly appreciated. Thank you.

Both platforms have potential use cases and are actively developing their ecosystems. Ethereum's transition to Ethereum 2.0 aims to address its scalability issues, and it remains a major player in the blockchain space. Hedera Hashgraph's future success will depend on its ability to attract developers, applications, and partnerships. Ultimately, whether Hedera Hashgraph is better than Ethereum depends on the specific use case, requirements, and goals of a project. Both platforms have their strengths and weaknesses, and the choice between them should be made based on careful consideration of these factors.

[With Gusto]

...
Well due to recent HBAR progress i think this thread might start being more active as HBAR climbs the ranks and people want to learn more about the project...

The image you posted with companies supporting their governing body includes many heavily centralized giants. Looks like a great reason to stay away!