The market of cryptocurrencies is expanding at a rapid rate and so is the popularity of digital currency. The most exciting thing about virtual currencies is that a decentralized system verifies the transactions and maintains the record. The first decentralized cryptocurrency, Bitcoin was launched in 2009. Even though Bitcoin is one of the most transparent and popular cryptocurrencies, Bitcoin transactions may take 1 to 1.5 to complete. One of the newest cryptocurrencies, Hedera completely resolves this issue and brings multiple other benefits. Therefore, it is crucial to understand HBAR price prediction and what to expect from this digital currency in the future.
Hedera Coin (HBAR):
Hedera Hashgraph is a public distributed ledger for creating decentralized applications. HBAR is the native third-generation cryptocurrency of this system. Fundamentally, Hedera uses the distributed ledger technology (DLT) of Hashgraph that provides a more secure and faster environment in comparison to blockchains. While most other cryptocurrencies rely on blockchains, Hedera uses this distributed ledger technology to conduct transactions within a secure and trusted environment.
The foundation of distributed ledger technology is based on the conceptual representation of the Directed Acyclic Graph or DAG. Hedera uses DLT to record and store asset transactions in multiple locations simultaneously. DAG represents a series of activities following a mathematical graph theory where the data flow neither creates a closed loop nor has directed cycles. The concept helped the developers of Hedera not only to create a highly secured environment for digital transactions but also to improve the ease and speed of conducting transactions.
- Speed and Scalability:
Hedera coin is incredibly faster in comparison to most major blockchain coins, including Ethereum, Bitcoin, and Cardano. This platform can manage 10,000 transactions per second and offers excellent scalability by implementing sharding technology.
- Low Commissions:
Per transaction fees of Hedera is approximately only $0.001, whereas the average transaction cost of Bitcoin and Ethereum are $22.57 and $19.55 respectively.
This network is carbon negative and does not need energy-intensive calculations.
- Legislative Compliance:
- Hedera maintains legislative compliance and follows several jurisdictions of user restrictions.
TerraUSD (UST) is a distributed algorithmic stablecoin that uses the Terra blockchain network. This cryptocurrency follows the “mint/burn” mechanism to maintain equal value to the dollar. UST does not follow the mechanism of other stablecoins, including USDC and USDT. The US dollar or other fiat currencies do not back TerraUSD (UST). In fact, this cryptocurrency stabilizes its price at $1 with the help of Terra (LUNA) and creates a new UST token by burning LUNA. Therefore, the users have to pay $1 LUNA to create a new UST token.
The TerraUSD Anchor procedure offers you to gain up to 20% on your UST deposit. The exchange rate of UST to USD at the time of writing this article is 0.03165.
Investing in this cryptocurrency brings multiple advantages, such as avoiding the regulation of a centralized authority, maintaining anonymity, limitless savings, and low transaction costs.
If you are interested to purchase these cryptocurrencies, the Letsexchange platform would be the best choice for you. This platform allows you to purchase these cryptocurrencies at a competitive rate in exchange for fiat money or other cryptocurrencies. You can purchase more than 420 digital coins and tokens on this platform without registration.