Hedera (HBAR) Will Be First Mass Adopted Cryptocurrency
Hedera and its native token HBAR will be mass-adopted worldwide and its growth will eventually become self-perpetuating. Mass enterprise adoption is mostly a slow process but the price of HBAR will rise much sooner.
The question that arises is how will HBAR persuade these enterprises to adopt their currency. The answer is quite simple: by giving them use cases and performance better than the pre-existing currencies. HBAR aims to outperform all the competitors in the market in the following matrices:
- Regulatory Compliance, etc.
For a company to adopt these alternatives, the decentralized system should also be at par, if not outperform the existing centralized ecosystems. As a third-generation blockchain platform, not only does HBAR focus on the performance matrices but also covers the portion of energy consumption to make the whole project more sustainable and environment-friendly.
|Average fee||$22.57 (Avg fee from 02/20/21 – 05/21/21)||$19.55 (Avg fee from 02/20/21 – 05/21/21)||$0.0001|
|Transaction Confirmation||10 mins||10-20 sec||3-5 sec|
|Energy used per transaction||885+kWh||102+ kWh||0.00017 kWh|
The consensus algorithm allows the network to operate at the mentioned speeds with such low costs. Leveraging these exceptional abilities, HBAR allows users and enterprises to build their own projects along with their tokens on top of their native blockchain which can easily be adopted by the “real world” due to the comparability with the centralized alternatives.
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