The Hedera (HBAR) blockchain is once again attracting attention. Its technology will be used by a Kenyan company specializing in biomass, in this case, Tamuwa.
Hedera price (HBAR): what is the current price?
The current price of HBAR is $0.10. With this price and a circulating supply of 20.7 billion, the current market capitalization is around $2.1 billion.
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Recent News Regarding Hedera (HBAR)
Canadian software start-up eMission will integrate blockchain into ESG reporting. It has just partnered with HBAR Foundation to incorporate Hedera Hashgraph technology and open-source Guardian software into emissions reporting.
Trending post on LunarCrush:
“Canadian start-up eMission Software, in partnership with the @HBAR_Foundation, will utilize @env_blockchain’s Guardian platform built on @hedera to im…” via @hedera
Top coin mentions$hbarhttps://t.co/YPNcK5pZd2
— pasindu (@pasindumihir2) May 17, 2022
According to details released on Monday, this will allow Canadian companies to calculate their site-specific emissions and complete reports quickly and easily.
This agreement is further proof of Hedera’s ever-increasing popularity. Given that HBAR has the support of big entrepreneurs, such as the likes of Paolo Tasca, the project may further develop. Since the price of HBAR is currently at $0.10, it is likely to increase further due to technical advancements and its continuous blockchain adoption.
👀 👀 👀 👀 👀 Hedera $HBAR & Quant $QNT cousins? 👀 👀 👀 👀 https://t.co/ZpO11tDgUV
— Mitcℏell (@MIA_HBARbarian) May 15, 2022
Essentials of Hedera (HBAR)
How Was Hedera (HBAR) Created?
Large groups such as Google, IBM, Boeing, LG, T-Mobile, Nomura, Deutsche Telekom and EDF operate the Hedera network. The project was initiated by Leemon Baird in 2017. Leemon is a computer science professor and CEO of Swirds Inc.
Hedera is a network that aims to provide a platform where everyone can exchange and develop applications, but where software is supervised by a group of companies forming a Board of Directors. Hedera achieves this goal by making notable design compromises that set it apart from other platforms.
How Does Hedera Work?
Hedera uses a variation of proof-of-stake consensus to offer competitive transaction speed, low fees, and reduced power consumption compared to other blockchains.
According to Hedera, the network can process more than 10,000 transactions per second, with a settlement and confirmation period of three to five seconds. The average transaction cost on Hedera is $0.0001, and the network uses a fraction of the energy used by popular blockchains like Ethereum. Nodes that validate transactions must be invited to the network to do so.
Some DApps Launched on Hedera:
Tune.fm (NFT music platform for artists)
Alto.io (gaming platform)
Carbon USD (stable coin)
Hedera (HBAR) Expert Opinions and Prediction for 2022
Hedera (HBAR) Mirror Mag Global Rating: 7/10
Opinions on the Hedera Project
With only around 30 validators trained by the Board of Directors, there are several criticisms of Hedera’s decentralization. However, the project is very reliable and has solid foundations.
Price Volatility Notice
The price HBAR is volatile and erratic, but it has great potential in both the medium and long term.
Medium Term HBAR Price Prediction
Since the price is currently relatively low, it is an opportunity to anticipate a possible rebound in 2022.
Long Term HBAR Price Prediction
The project is solid and enjoys the support of large multinationals. This bodes well for the HBAR cryptocurrency, which could reach $1 in the next bullish wave by 2023.
Conclusion – Should You Invest in Hedera (HBAR)?
Conclusion of our Hedera review
Even if the Hedera project is not decentralized enough, it makes it possible to launch high-quality DApps. This ecosystem will boost its cryptocurrency in the long term.
Content proposed by our partner Miroir Magazine.
More about the author: Almmaye
Alm Maye has been a trader and analyst since 2013. He is an expert in equity markets, Forex, and cryptocurrencies. He is the creator of Almvest.com and Imveste.com, two sites dedicated to finance. Additionally, he participates in the development of featured articles on various sites such as Actions-boursieres.fr, as well as the international network of Finixio.com.