BUIDL with Hedera Hashgraph at ETHDenver 2021
Curious about BUIDLing at ETHDenver & ColoradoJam 2021 with Hedera Hashgraph? Get the scoop from their recent interview with ETHDenver:
What Is It?
“Hedera is a public network that’s built on the Hashgraph consensus algorithm. Hashgraph was invented by Hedera’s CTO and co-founder, Dr. Lehman Baird.
Hedera is notably owned by a number of the largest enterprises in the world, including Google and IBM and Deutsche Telekom. And so Hedera has some unique performance characteristics, being able to do 10s of 1000s of transactions a second, really low fees, and we’re actually about to launch our new token service.”
How to Use It
Why Use It
“Hedera has a very unique solution in the market where it does 10s of 1000s of transactions a second for fractions of a penny. So if you’re using anything on Ethereum, but you want to do something with micro payments or something with low transaction times. And some of the existing layer twos don’t really work for you, I think that there is a unique opportunity for Hedera to act as a layer two. But unlike, you know, existing layer twos, you have the whole security of the Hedera network acting as a layer one, but still giving you those performance characteristics. So using Hedera as a layer two and kind of a general way, I think is really, really interesting.
Whether it’s from micro payments or identity credentials, or you know, different types of supply chains, all really kind of makes sense where you can, you know, anchor things on to Ethereum, go over the bridge to Hedera [and] log a lot of transactions at higher throughputs than you could on Ethereum, and eventually settle those back on to the Ethereum network. So using it as a layer two is really interesting!
We also have a version of native cryptocurrency that just launched. And so integrating that into your DeFi applications, using it, as you know, a collateral or liquidity option, is definitely exciting as well. So those are probably the trends that I’m excited about. And you know, there’s a lot of use cases within those.”
What’s Something Exciting Hedera Is Working On?