Hedera Hashgraph has grown by 150 percent in a week

• HBAR’s recent 150 percent gain is backed by new collaborations, NFT integration, and a market-wide surge in altcoin values.
• Hedera is a public distributed ledger and governance system that was developed from the bottom up to enable new and current web-scale applications
• The Hedera partnership program is an outgrowth of the Hedera community, with the goal of bringing additional integrators, technology partners, and corporate applications onto Hedera’s blockchain

HBAR’s recent 150 percent gain is backed by new collaborations, NFT integration, and a market-wide surge in altcoin values. Any genuine fintech protocol aiming to give viable answers to some of the largest issues in finance and data transmission should aim for real-world adoption and blockchain integration as their ultimate objective. Hedera Hashgraph is a public network that employs the Hashgraph distributed ledger technology to improve scalability and reduce transaction costs. An increasing range of ecosystem partners and the addition of NFT minting capabilities to the network are two of the primary causes for the recent surge in HBAR.

Hedera is a public distributed ledger and governance system that was developed from the bottom up to enable new and current web-scale applications. Distributed ledger technologies are used by developers to embed computational trust directly into their applications. Individuals and corporations that may not know or trust one other can work swiftly and cheaply as a result of this. 

Creating and trading currency, establishing identity, validating and authenticating vital data, and much more are all possible with public distributed ledgers. Hedera is unique in that it achieves the same result as the most widely used public blockchains (such as Bitcoin or Ethereum), but in a way that is faster, fairer, more energy-efficient, stable, and secure — these benefits can be attributed to the underlying hashgraph consensus algorithm and the global enterprise governing body that currently owns and operates Hedera.

The Hedera partnership programme is an outgrowth of the Hedera community, with the goal of bringing additional integrators, technology partners, and corporate applications onto Hedera’s blockchain. According to the project’s Twitter feed, the collaboration programme attracted additional partners to the Hedera governing council, including the London School of Economics and Political Science and the Indian Institute of Technology Madras. 

Collaborations with Fobi, Dropp, and Filecoin, which has established a $200,000 developer grant initiative with Hedera to assist improve Web3 interoperability, are among the other recent announcements.  The addition of nonfungible token (NFT) minting capabilities to the Hedera protocol is the second source of excitement for the protocol. While the price movement and trading activity for NFTs have dropped considerably from their August highs, the industry is expected to increase in the near future. 

Ritika Sharma

With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.