Hedera Hashgraph is ten times better than Ethereum

[Mrpumperitis]

...
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!

https://www.youtube.com/watch?v=8ty9Q7B5Hl8
Dr. Leemon Baird explains Hedera’s decentralized governance

https://www.youtube.com/watch?v=G7zS95Mnl_M
HEDERA Hashgraph's Governing Council. Who are they and WHAT DO THEY DO? Hbar update today

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[Abiky]

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.

The FED's "partnership" with Hedera Hashgraph is going to be huge. It's likely the market price of HBAR will soar towards new heights for an extended period of time. Compared to Ethereum, Hashgraph is 10x faster and cheaper to use for day-to-day payments. What I don't like about it is the level of centralization existent within the network. Sort of like Ripple's XRP "cryptocurrency". Why would I want lower fees and faster confirmation times, if mainstream governments could easily shut down the network at will?

If I put my money into HBAR, it would be a very small portion of it. The rest will be put into ETH for safekeeping. Investors/traders don't care about decentralization as long as they're able to make "the big bucks". Who knows if this will help HBAR rise all the way towards the top ranks in market cap? Just my thoughts

[Mrpumperitis]

Dropp built on HBAR to add ETH,POLY AND AVAX for USDC payments that FEDNOW users can soon use  
When USDC is used on DROPP with the 3 newly added blockchains the USDC will be converted onto HBAR thus increasing HBAR USDC liquidity.
More chains will be added in coming months, SOL is one of em.

[Abiky]

Dropp built on HBAR to add ETH,POLY AND AVAX for USDC payments that FEDNOW users can soon use  
When USDC is used on DROPP with the 3 newly added blockchains the USDC will be converted onto HBAR thus increasing HBAR USDC liquidity.
More chains will be added in coming months, SOL is one of em.

I can't imagine how hyped HBAR will be with the "FEDNOW" partnership. It's likely the coin will reach $1 before the end of the year. That's if investors keep "pumping" it like crazy. But it's hard to believe this will become a reality, especially when the crypto market is in a prolonged bearish period.

I wouldn't expect Hashgraph to last a long time because it's centralized. Only BTC and LTC will. Even Ethereum has been compromised. Between ETH and HBAR, I'd prefer ETH because it's less centralized than HBAR. The only downside are the high fees and slow confirmation times. Who knows what the future holds for both cryptocurrencies? Just my opinion

[o48o]

I can't imagine how hyped HBAR will be with the "FEDNOW" partnership. It's likely the coin will reach $1 before the end of the year. That's if investors keep "pumping" it like crazy. But it's hard to believe this will become a reality, especially when the crypto market is in a prolonged bearish period.

I wouldn't expect Hashgraph to last a long time because it's centralized. Only BTC and LTC will. Even Ethereum has been compromised. Between ETH and HBAR, I'd prefer ETH because it's less centralized than HBAR. The only downside are the high fees and slow confirmation times. Who knows what the future holds for both cryptocurrencies? Just my opinion

I might take a second look at hbar. Thanks for the tip. My initial response to this post was skeptical. Everyone so far who have said that they were "better" than eth were full of it.

But i have to respect your timing of your original post. At the time of shilling HBAR had around $200M marketcap. Which started to grow up to around $6.5B marketcap in one year.

[Mrpumperitis]

Dropp built on HBAR to add ETH,POLY AND AVAX for USDC payments that FEDNOW users can soon use  
When USDC is used on DROPP with the 3 newly added blockchains the USDC will be converted onto HBAR thus increasing HBAR USDC liquidity.
More chains will be added in coming months, SOL is one of em.

I can't imagine how hyped HBAR will be with the "FEDNOW" partnership. It's likely the coin will reach $1 before the end of the year. That's if investors keep "pumping" it like crazy. But it's hard to believe this will become a reality, especially when the crypto market is in a prolonged bearish period.

I wouldn't expect Hashgraph to last a long time because it's centralized. Only BTC and LTC will. Even Ethereum has been compromised. Between ETH and HBAR, I'd prefer ETH because it's less centralized than HBAR. The only downside are the high fees and slow confirmation times. Who knows what the future holds for both cryptocurrencies? Just my opinion

I heard recently from one of the HBAR team the reason for the governing body is for reliability. The people that are going to use HBAR most..like FED,Mastercard,Addidas,google and the rest cannot risk any type of fork wars or unknown whales controlling the system.
HBAR design fits its usecase...which imo is huge.
Agree it will go over $1 ...but i think it will go even higher and will remain a part of web.3 for a long time...its only at the start just now.

Also the up coming unlock in a few days i think is priced in and HBAR is very close the bottom.
Im loading up now and if it drops more i will buy more.

[bitgolden]

I can't imagine how hyped HBAR will be with the "FEDNOW" partnership. It's likely the coin will reach $1 before the end of the year. That's if investors keep "pumping" it like crazy. But it's hard to believe this will become a reality, especially when the crypto market is in a prolonged bearish period.

I wouldn't expect Hashgraph to last a long time because it's centralized. Only BTC and LTC will. Even Ethereum has been compromised. Between ETH and HBAR, I'd prefer ETH because it's less centralized than HBAR. The only downside are the high fees and slow confirmation times. Who knows what the future holds for both cryptocurrencies? Just my opinion

I might take a second look at hbar. Thanks for the tip. My initial response to this post was skeptical. Everyone so far who have said that they were "better" than eth were full of it.

But i have to respect your timing of your original post. At the time of shilling HBAR had around $200M marketcap. Which started to grow up to around $6.5B marketcap in one year.

I would say that just because it has a good marketing doesn't mean that it will go better. I have not checked the marketcap growth so I can't really say if it's good or not, but realize that when they convince people like you, and you end up buying, that is the reason the price goes up.

So you buy and make it go higher, and then someone else sees it go higher and they buy because of you, and then someone else buys because of them and this continues until the crash. Be aware, and be vary of the situation, if you really want to buy then do it but always keep an eye on it and if you could potentially have a stop loss, then I would suggest that you use that stop loss to avoid any big loss you might have in the future.

[Mrpumperitis]

Happy i got in before the crypto take off a few hours ago  
Im grabbing more now 5.5cents...is insanely cheap and its still one of the coins thats not taken off yet...i think mega 🚀 is due anytime now.

BTW has anyone tried sending HBAR...its def one of the fastest cryptos and cheapest ive ever used to send p2p and e2e...i highly recommend trying....

[Abiky]

I heard recently from one of the HBAR team the reason for the governing body is for reliability. The people that are going to use HBAR most..like FED,Mastercard,Addidas,google and the rest cannot risk any type of fork wars or unknown whales controlling the system.
HBAR design fits its usecase...which imo is huge.
Agree it will go over $1 ...but i think it will go even higher and will remain a part of web.3 for a long time...its only at the start just now.

Also the up coming unlock in a few days i think is priced in and HBAR is very close the bottom.
Im loading up now and if it drops more i will buy more.

There's no room for forks because the Hashgraph network is built on a DAG (Directed Acrylic Graph). It's a completely different architecture from that of an ordinary Blockchain network such as Bitcoin or Ethereum. This allows the network to process transactions more efficiently while keeping costs low. As I've said before, I don't like the fact that HBAR is centralized. Only those allowed/permitted to run a full node will be able to support the network. It's no wonder why Hashgraph took the attention of The FED.

With "FEDNOW", the US government will be able to proceed with its agenda of launching a CBDC to the public. And Hashgraph will become a part of this new system. People won't get to enjoy the same benefits as with a decentralized cryptocurrency like Bitcoin (which are freedom and financial privacy). Fees may be high on BTC, but it's the best alternative you'll find against traditional Fiat. Staying on topic, I believe ETH will remain the #1 smart contract platform in the world for a long, long time. Hashgraph won't come as close to ETH in terms of market cap and mainstream adoption. Who knows how long will HBAR last? Just my thoughts

[Blitzboy]

I didnt know about Hedera Hashgraph or "HBAR" before, but Im always curious. However, Hedera Hashgraph sounds like it could challenge Ethereum. Dont jump to conclusions! A lot of transactions each hour? Will Solidity support it? too-low fees? Not surprisingly, Hedera Hashgraph is prepared to be the next big thing. The issue remains: Is Ethereum on steroids or just a trend? Interesting that the market hasn't caught up. They may love Ethereum too much to see a fault or not notice it.

If Hedera Hashgraph can do what you describe, "HBAR" may be grossly underrated. Remember that Ethereum has a strong developer community and a lot of trust. Switching everyone at once is difficult. Every new technology has issues to fix. How will Hedera Hashgraph compare to Ethereum? Its too early to say, but worth investigating. If it keeps its promises, change may favor it. As for "HBAR," the market will correct itself if undervalued. After telling me about it, its on my to-do list. Thanks for the heads-up, and keep sharing ideas.

[Mrpumperitis]

I heard recently from one of the HBAR team the reason for the governing body is for reliability. The people that are going to use HBAR most..like FED,Mastercard,Addidas,google and the rest cannot risk any type of fork wars or unknown whales controlling the system.
HBAR design fits its usecase...which imo is huge.
Agree it will go over $1 ...but i think it will go even higher and will remain a part of web.3 for a long time...its only at the start just now.

Also the up coming unlock in a few days i think is priced in and HBAR is very close the bottom.
Im loading up now and if it drops more i will buy more.

There's no room for forks because the Hashgraph network is built on a DAG (Directed Acrylic Graph). It's a completely different architecture from that of an ordinary Blockchain network such as Bitcoin or Ethereum. This allows the network to process transactions more efficiently while keeping costs low. As I've said before, I don't like the fact that HBAR is centralized. Only those allowed/permitted to run a full node will be able to support the network. It's no wonder why Hashgraph took the attention of The FED.

With "FEDNOW", the US government will be able to proceed with its agenda of launching a CBDC to the public. And Hashgraph will become a part of this new system. People won't get to enjoy the same benefits as with a decentralized cryptocurrency like Bitcoin (which are freedom and financial privacy). Fees may be high on BTC, but it's the best alternative you'll find against traditional Fiat. Staying on topic, I believe ETH will remain the #1 smart contract platform in the world for a long, long time. Hashgraph won't come as close to ETH in terms of market cap and mainstream adoption. Who knows how long will HBAR last? Just my thoughts

Its all about usecase. Centralized services like FEDNOW and the others want a centralized scalable DLT solution.

Im actually very disappointed with ETH since its move to POS. I fully expected ETH to scale like all the other POS chains have..instead they chose the L2 path to scale...the whole point of switching from POW to POS was scalability....which hasnt happened on ETH.
Also "ETH Vitalik: Centralized USDC could decide the future of contentious ETH hard forks. Speaking at the BUIDL Asia event in Korea, Vitalik Buterin said that centralized stablecoins like USDC & USDT will become significant deciders in future hard forks.5 Aug 2022"
ETH isnt as decentralized as it used to be and if for whatever reason Vitalik ever decided he was going to leave ETH...that could be the end for ETH.

Financial Businesses need cheap , fast and high throughput and some would prefer centralized options on top like the FED,
For people all over the world want to use a decentralized cryptocurrency Bitcoin BCH is the cheapest and fastest option...if they just want to hodl and store value they can do that with btc.

[Mrpumperitis]

I didnt know about Hedera Hashgraph or "HBAR" before, but Im always curious. However, Hedera Hashgraph sounds like it could challenge Ethereum. Dont jump to conclusions! A lot of transactions each hour? Will Solidity support it? too-low fees? Not surprisingly, Hedera Hashgraph is prepared to be the next big thing. The issue remains: Is Ethereum on steroids or just a trend? Interesting that the market hasn't caught up. They may love Ethereum too much to see a fault or not notice it.

If Hedera Hashgraph can do what you describe, "HBAR" may be grossly underrated. Remember that Ethereum has a strong developer community and a lot of trust. Switching everyone at once is difficult. Every new technology has issues to fix. How will Hedera Hashgraph compare to Ethereum? Its too early to say, but worth investigating. If it keeps its promises, change may favor it. As for "HBAR," the market will correct itself if undervalued. After telling me about it, its on my to-do list. Thanks for the heads-up, and keep sharing ideas.

Agree with what your saying...
HBAR has done almost 20bill tx this year ....imagine if the dapps on Hbar did the same number on ETH...how much would it have cost them in fees! over $50billion at least.

[fzkto]

I didnt know about Hedera Hashgraph or "HBAR" before, but Im always curious. However, Hedera Hashgraph sounds like it could challenge Ethereum. Dont jump to conclusions! A lot of transactions each hour? Will Solidity support it? too-low fees? Not surprisingly, Hedera Hashgraph is prepared to be the next big thing. The issue remains: Is Ethereum on steroids or just a trend? Interesting that the market hasn't caught up. They may love Ethereum too much to see a fault or not notice it.

If Hedera Hashgraph can do what you describe, "HBAR" may be grossly underrated. Remember that Ethereum has a strong developer community and a lot of trust. Switching everyone at once is difficult. Every new technology has issues to fix. How will Hedera Hashgraph compare to Ethereum? Its too early to say, but worth investigating. If it keeps its promises, change may favor it. As for "HBAR," the market will correct itself if undervalued. After telling me about it, its on my to-do list. Thanks for the heads-up, and keep sharing ideas.

All other projects that have advantages over ethereum or the same smart contracts have never been and will never be ethereum killers. In fact, there are many projects on the market that could take ethereum's place, but it's really all about strong patrons. If ethereum didn't have serious people, it would have been replaced by another project long ago.

[Mrpumperitis]

HBAR unlocka happened over 24h ago...price is exactly 5cents....this isnt gonna last long...we all filling up bags...😋

Just saw this from June 25
https://www.cryptopolitan.com/chatgpt-and-hbar-integration-ai-blockchain/
ChatGPT and HBAR Integration: The integration of ChatGPT with the Hedera network through a dedicated plugin allows seamless access to HBAR and token balances.
Advantages and Potential: This fusion offers several benefits, including verifiable AI-generated content and fast, low-cost transactions.

[Abiky]

Its all about usecase. Centralized services like FEDNOW and the others want a centralized scalable DLT solution.

Im actually very disappointed with ETH since its move to POS. I fully expected ETH to scale like all the other POS chains have..instead they chose the L2 path to scale...the whole point of switching from POW to POS was scalability....which hasnt happened on ETH.
Also "ETH Vitalik: Centralized USDC could decide the future of contentious ETH hard forks. Speaking at the BUIDL Asia event in Korea, Vitalik Buterin said that centralized stablecoins like USDC & USDT will become significant deciders in future hard forks.5 Aug 2022"
ETH isnt as decentralized as it used to be and if for whatever reason Vitalik ever decided he was going to leave ETH...that could be the end for ETH.

Financial Businesses need cheap , fast and high throughput and some would prefer centralized options on top like the FED,
For people all over the world want to use a decentralized cryptocurrency Bitcoin BCH is the cheapest and fastest option...if they just want to hodl and store value they can do that with btc.

Hashgraph is the obvious choice because of its high-performance and cost-efficiency. It's certainly more scalable than both ETH and BTC. If "FEDNOW" turns out to be a huge success, other banking institutions and companies will join the game. This means a higher-priced HBAR in the future.

I feel sorry for ETH as it chose centralization on top of everything else. Not only that, but it's shifting its focus to L2 like you've said. This is not a long-term solution to fix the "scaling problem". Why do you think BTC introduced the concept of "block weight" after it adopted SegWit? That was to scale on-chain to avoid future bottlenecks (although it's still not enough to meet the demands of everyday users). BTC essentially increased the block size limit, although indirectly. I guess HBAR will "eat ETH's cake", with its on-chain approach to scalability. Who knows if becomes the third-largest crypto in market cap soon? Just my thoughts

[Xal0lex]

Hashgraph is the obvious choice because of its high-performance and cost-efficiency. It's certainly more scalable than both ETH and BTC. If "FEDNOW" turns out to be a huge success, other banking institutions and companies will join the game. This means a higher-priced HBAR in the future.

I feel sorry for ETH as it chose centralization on top of everything else. Not only that, but it's shifting its focus to L2 like you've said. This is not a long-term solution to fix the "scaling problem". Why do you think BTC introduced the concept of "block weight" after it adopted SegWit? That was to scale on-chain to avoid future bottlenecks (although it's still not enough to meet the demands of everyday users). BTC essentially increased the block size limit, although indirectly. I guess HBAR will "eat ETH's cake", with its on-chain approach to scalability. Who knows if becomes the third-largest crypto in market cap soon? Just my thoughts

Hedera may turn out to be 100 times better than ETH and more decentralized, but what's the point if the roles remain the same. ETH will still be the king of altcoins, with all its flaws, and Hedera will be another ether killer that few people will care about, as all liquidity will be concentrated in ETH. Note, bitcoin and ethereum have very weak blockchains, in terms of scalability, but they are the most popular. This is a good example that technology is not crucial to the proliferation of networks in the industry.

[_BlackStar]

-snip-

Hedera may turn out to be 100 times better than ETH and more decentralized, but what's the point if the roles remain the same. ETH will still be the king of altcoins, with all its flaws, and Hedera will be another ether killer that few people will care about, as all liquidity will be concentrated in ETH. Note, bitcoin and ethereum have very weak blockchains, in terms of scalability, but they are the most popular. This is a good example that technology is not crucial to the proliferation of networks in the industry.

Who knows - we don't know how long something like that will last, but it's probably just a matter of time.
Regulation may be the reason why the scalability of bitcoin and ETH is not really needed by some people who only hope to profit from both. However, if the government simultaneously adopts cryptocurrencies - then I am sure the mindset will change and people will take advantage of cryptocurrencies that have faster transaction speeds and cheaper fees.

[cryptolists]

True, but for how long? I really hope that some competitors like Headera Hashgraph or Solana get more visibility in 2024. Ethereum as the only altcoin is not right..

in the end Hedera Hashgraph was only an alternative. Ethereum remains the platform of choice. I've seen platforms like Polkadot, Binance smart Chain, Tron and many other Dapps platforms that are trying to undermine the domination of ethereum. but in the end the new project still chose Ethereum. all of that because ethereum has a large community and has been supported by almost all exchanges. Try to see if there is a DEX with a larger volume on another network? no, the biggest DEX (Uniswap) is on the Ethereum platform. and there are many things that other platforms don't have. So regardless of the high cost, ethereum is still the best.

[Tipstar]

True, but for how long? I really hope that some competitors like Headera Hashgraph or Solana get more visibility in 2024. Ethereum as the only altcoin is not right..

in the end Hedera Hashgraph was only an alternative. Ethereum remains the platform of choice. I've seen platforms like Polkadot, Binance smart Chain, Tron and many other Dapps platforms that are trying to undermine the domination of ethereum. but in the end the new project still chose Ethereum. all of that because ethereum has a large community and has been supported by almost all exchanges. Try to see if there is a DEX with a larger volume on another network? no, the biggest DEX (Uniswap) is on the Ethereum platform. and there are many things that other platforms don't have. So regardless of the high cost, ethereum is still the best.

They would shine soon. Ethereum on paper is of no comparison to Hedera or Solana. It's just the headstart of Ethereum that's been keeping it on the upfront. No way can ethereum hold upto the hype of a bull run. It would be just stuck with congestion when people would start trading in volumes. I've been following and buying solana for quite a time now but I nearly forgot about the hedera project. Though not as fast as solana, Hedera would be a cheaper option for transaction with its low price. Thanks to this post from 2020, I could buy hedera now in the similar price as it was in 2020.

[Xal0lex]

Hedera may turn out to be 100 times better than ETH and more decentralized, but what's the point if the roles remain the same. ETH will still be the king of altcoins, with all its flaws, and Hedera will be another ether killer that few people will care about, as all liquidity will be concentrated in ETH. Note, bitcoin and ethereum have very weak blockchains, in terms of scalability, but they are the most popular. This is a good example that technology is not crucial to the proliferation of networks in the industry.

Who knows - we don't know how long something like that will last, but it's probably just a matter of time.
Regulation may be the reason why the scalability of bitcoin and ETH is not really needed by some people who only hope to profit from both. However, if the government simultaneously adopts cryptocurrencies - then I am sure the mindset will change and people will take advantage of cryptocurrencies that have faster transaction speeds and cheaper fees.

In order for people to change their attitude towards cryptocurrencies and value their technological properties first, infrastructure is needed. Why do people need cryptocurrencies if they are not implemented much? We know about the integration of bitcoin, ETH, USDT and a few other cryptocurrencies that allow real world interactions through crypto solutions. Otherwise, all other altcoins do not bring any benefits and solutions, they are just speculative bubbles and people see them only as a lottery, the ability to make money on resale and nothing else. As long as there is no infrastructure, but only exchanges, people will see cryptocurrency as an investment component.