Hedera Hashgraph (ℏ) DD Part 2

Ħello Future. Ħello All.

Welcome back ℏBAR-Barians new and old… First of all, thank you all for the support on my original post. This post is primarily a follow up to my earlier Hedera Hashgraph (ℏ) DD post which you can find in the link. In the follow up I have added some bits I felt I couldn’t fit in and remain important. Enjoy!

Introduction

“What if anyone on Earth, at any moment, could just wave their hand and carve out a world of their own in cyberspace?” – Dr Leemon Baird, Co-Founder & Chief Scientist.

Hedera Hashgraph is already the most used, adopted and sustainable public ledger on the market today. Hedera is rapidly achieving its goal of becoming “the trust layer of the internet” and successfully delivering way beyond what other projects are only discussing, especially at the enterprise level. The Hedera network is achieving absolutely incredible throughput with daily transactions whilst maintaining security and finality and a low cost.

Tokenomics / Cryptonomics

As you are likely well aware at this point, the native cryptocurrency of Hedera Hashgraph is HBAR (ℏ). Leemon stressed that the resources of the network must be balanced correctly with the costs and incentives to get the structure correct. This is currently built up of;

Fees – The transaction fee paid by the client for the use of the network.

Payments – Network payments to Staking Nodes / Users (Incentive to run a node / proxy stake)

Data Micropayments – For information, or services around the information (Client to Node Incl. Mirror Nodes)

HBAR (ℏ) has a huge competitive advantage over any other cryptocurrency, as it has fixed prices that are set to the Dollar ($), but paid in HBAR (ℏ). What this means is that the transaction fees are fixed (extremely cheaply $.0001, $.001) and as the price of HBAR(ℏ) fluctuates, the transaction fee does not, only the amount payable in HBAR(ℏ). This allows large scale enterprises to easily plan in Dollar ($) amounts, for the purpose of their budget, based on expected quantity of transactions. This is absolutely huge as no other cryptocurrency offers this and the floating fees of other currencies, dictated by volatile cryptocurrency prices make it difficult to budget accurately. All of which can be tested on the testnet.

https://preview.redd.it/n1yra025zvr71.png?880&format=png&auto=webp&s=cd9eb77f4947a47cfe1997645b1048d487d750f2

Regulatory Conformity (SEC)

The crypto space is in the process of being heavily regulated and these regulations are expected to be particularly more invasive than originally considered. It’s a long read but if you want to dive into the depths of the detail you can find a well details post on r/CryptoCurrency here.

However, focusing specifically on Hedera Hashgraph rather than the whole environment, Hedera have repeatedly made it very clear that they have been in conversations with the Securities and Exchange Commission (SEC) since the early days of the company. This early engagement and communications with the regulatory bodies not only stands Hedera in good stead with them, but enables Hedera to build their 100-year company consistently aligning their business model, operations and trading practices on the advice provided by the SEC. This way they can do everything in their power to remain regulatory compliant for when the regulations are put in place.

This comment gives you an idea of the potential situation… Once the SEC cracks down on the cryptocurrency market, its going to be a blood bath.

There is speculation that for these reasons Hedera has not been marketed to retail investors or pumped by press and social platforms, staying as far away as possible from price manipulation and anything that could hinder their progress towards SEC compliancy. Although the potential regulations around cryptocurrencies are somewhat cloudy and has a lack of clarity, Hedera continues to drive compliancy to the best of their ability with the support of the regulating bodies.

Not only are Hedera doing all they can with the SEC, they have registered to lobby. For those of you unaware just how huge this is;

“In politics, lobbying, persuasion, or interest representation is the act of lawfully attempting to influence the actions, policies, or decisions of government officials, most often legislators or members of regulatory agencies.”

Application documents can be found here.

This effectively means that Hedera will potentially provide guidance to regulators and legislators on distributed ledger technology. If that’s not means to get you excited, I don’t know what is!

Top Use Cases

At this point, we are involved in a project that is prior to large scale use cases going live. Once some of these use cases go live, it really will be a sudden change and a colossal increase in daily transactions. Each of the Governing Council members will have use cases and there are many use cases already communicated publicly. For example; what we have seen with Standard Bank.

Some of these use cases have been covered previously, and whilst I want to provide you with as much information as I possibly can, there is no need for me to cover these cases in depth, when other good write ups are already available. On that basis I am sharing some great posts;

The Coupon Bureau – Shout out to u/MyNameIsRobPaulson

View post here.

Potentially 24 million transactions per day.

AdsDax – Shout out to u/nubeasado

View post here.

Currently averaging around 2.7 million transactions per day on Hedera.

Central Bank Digital Currencies (CBDC)

CBDC is short for Central Bank Digital Currency — it's an electronic form of central bank money that citizens can use to make digital payments and store value. A CBDC is a digital currency, it's issued by a central bank, and is universally accessible. More information can be found here.

“Given the considerable efforts and attention that central banks are dedicating to central bank digital currencies, they will become a reality soon. Introducing CBDCs to the world will help boost crypto adoption as people will have access to the platforms to convert cryptocurrencies into legal tenders.”

Hedera is already working with a number of top banks around the world, and if they can nail down some successful CBDC opportunities, the possibilities are literally endless!!

NFT Projects – Shout out to u/Meli05

View post here.

Great post on the top NFT projects that are upcoming on Hedera.

NFTs

Market Cap, Price Action & Exposure

At the time of writing, Hedera Hashgraph is currently positioned at #33 on Coin Market Caps Top 100 with a market cap floating around $6B, following a huge leap at the start of October. The price has been fluctuating around the $0.40 for the last 3-4 days but is displaying an extremely bullish trend with 6 green candles on the daily. The last 7 days have been relatively steady with a consistent uptrend. You can view all of this information and more here.

Market Cap

Daily

The simple fact that Hedera only celebrated their 2nd anniversary a number of weeks back is testament to the efforts of the team and the value that the project delivers, even in its infancy. Hedera Hashgraph is still in early adoption and offers huge leaps on any other technology on the market. That said, the dramatic thing is how little exposure this project has received to date, once more and more adoption arises it will be huge.

This is a great post from u/proloyster regarding the lack of hype and is a highly recommended read.

Turning Tides

I would like to quote a snippet of a post by u/MyNameIsRobPaulson as I think it is extremely relevant…

“The reason the crypto reddit community doesn't like or consider Hedera is because this project doesn't pander to the political fight-the-power aspects of the crypto movement. It is not about sound money, dismantling financial institutions, corporate power, all that jazz. This project is about building a worldwide utility that will be adopted by current power structures. If you're here for the sound money, anti-corporate revolutionary politics, you're in the wrong place. This is a DLT utility that will be adopted by everyone - large and small. They do not cater to retail investors because retail is clearly not their target.” – the full post can be found here and is well worth the read!

Hedera is seeing more and more exposure from news channels such as CNBC and BBC News. This team and the Governing Council are clearly well connected and each interview Leemon or Mance does exposed Hederas technology more and more to the masses.

I’m purposely not focusing too much on price for a reason. The fundamentals of the project are way more important than the daily price action, and as Leemon states: the project will meet its deliverables and add value to the users, and the market will price it accordingly. This is what’s true leader and visionary cares about. Yes, don’t get me wrong, it’s lovely too moon, but a strong steady consistent increase is more favourable to the longer-term investor. In my opinion, if you buy this under $1, you are early. Once this takes off, it will really take off. Adoption and use cases are key.

Exciting Speculation

In closing, I hope you enjoyed this post, and I appreciate any support from the community. I wanted to leave you with a few exciting links that the Hedera community are speculating about… Enjoy.

Fortune 10 Company?
“Enormous” Use Cases via IIT Madras?
Social Media Platforms?
Shark Tanks Kevin O’Leary?

Hope you enjoyed! Please leave a comment with any feedback! Spread the word. Ape Gang.