On September 17, 2019, a public beta test was launched for the Hedera Hashgraph network, a distributed registry with a declared throughput of 10,000 transactions per second. The platform also launched its own HBAR token, a service for smart contracts and file storage, and three dozen applications already operate on its basis.
What are the perspectives of Hedera Hashgraph? Will HBAR go up in 2020? Find out in Hedera Hashgraph price prediction for 2020-2025.
Hedera Hashgraph (HBAR) Fundamental Value
Hashgraph is a more efficient alternative to blockchain. This is also a distributed registry, but using a different way of writing blocks. Instead of a clear sequence of blocks (blockchain), the hash graph uses a Directed Acyclic Graph (DAG), which records information non-linearly, without a sequential chain of blocks.
Cryptocurrencies such as IOTA, Byteball and Tangle are already operating on the basis of DAG. Thanks to DAG, the hashgraph promises all the advantages of the blockchain, but without its drawback in the form of low transaction speed.
In its most general form, a hashgraph works as follows:
- network participants (nodes) exchange data via the Gossip protocol;
- transaction information is sent to two random nodes, transmitting them, in turn, to two other
- nodes, and so on exponentially, until the number of informed nodes is enough to verify the transaction;
- nodes exchange only transaction data with each other, and not all information about the network, while information is stored not in blocks, but in hashes – therefore, everything happens much faster than in the blockchain;
- transactions are recorded in chronological order so you can track their history.
The hash algorithm was developed and patented in 2016 by the American mathematician Leemon Baird. Algorithm rights are owned by Swirlds, co-founded and developed by Baird.
Swirlds technology was spotted by U.S. banks in October 2017, the National Credit Union Association (CUNA) and Mountain West Credit Union Association (MWCUA), which formed a consortium of 6,000 banks, selected Swirlds to create a common corporate network. Success allowed them to separate the project into a separate platform: Hedera Hashgraph Platform. Swirlds granted Hedera Hashgraph an exclusive license, under which the company will receive 10% of Hedera Hashgraph’s revenue.
Hedera Hashgraph is a public platform of Baird’s patented hashgraph. From March to August 2018, the project was conducted by ICO, raising $ 124 million. Closed testing of the network began in December 2018. The code was checked by several audit companies, but only now the developers have begun public testing.
Hedera Hashgraph currently offers three products: cryptocurrency, smart contracts and file service. Any user can create an account on the network, open an account or create dApp based on Hedera Hashgraph, having passed the KYC test.
According to the developers, the network will support up to 10,000 transactions per second, and the transaction confirmation time is 3-5 seconds. Smart contracts and file services are also available on the Hedera Hashgraph network, but so far their throughput is up to 10 transactions per second, while the declared speeds will gradually increase, and the average transaction fee will be $0.0001.
|Project name||Hedera Hashgraph|
|Curr. Supply / Total Supply||3,230,779,650 HBAR / 50,000,000,000 HBAR|
|ROI since launch||-56.74%|
Hedera Hashgraph (HBAR) Price History
HBAR, the project’s cryptocurrency, is used to pay for network services (launching a smart contract, storing a file or transaction fee), dApps, building peer-to-peer payment and micropayment business models, and also to protect the network from intruders.
At the start, the price was $0.36 for one token. By September 23, the price dropped to $0.03.
A total of 50 billion HBARs have been issued. The first coins worth more than $379 million went to ICO-investors of the project who participated in the $124 million token sale. Another $1.95 million to HBAR went to consultants, sellers, and other network participants. The governing council will issue the remaining coins to the market within 15 years.
The coin is now available on some exchanges such as Bittrex, Galaxy Digital, Liquid, OkCoin, OKEx, and Upbit, among others. At the same time, Hedera Hashgraph warned that the US Securities and Exchange Commission (SEC) might consider HBAR to be a security, however, according to the company, HBAR is not a security.
Hedera Hashgraph (HBAR) Technical Analysis
Well, there is not actually any technical analysis expertise of Hedera Hashgraph cryptocurrency. However, here is the aggregate rating for HBAR from several traders & analysts on TradingView.
Hedera Hashgraph (HBAR) Price Prediction for 2020-2025
#1. Wallet Investor HBAR Coin Price Prediction for 2020-2025
HBAR is a bad long-term (1-year) investment. The price of Hedera Hashgraph may drop from 0.05032 USD to 0.007066 USD. The change will be -85.959%. There will be a negative trend in the future and HBAR is not a good investment for making money. However, the price may go up to $0.10064 in 2022, $0.151 in 2023, and reach $0.2 in 2024-2025.
#2. Digital Coin Price Hedera Hashgraph Price Forecast for 2020-2025
Hedera Hashgraph (HBAR) price will increase according to the predicted data in future. Hedera Hashgraph (HBAR) is a profitable investment. It will not be downward. The price of 1 Hedera Hashgraph (HBAR) can roughly be up to $0.10705296 USD in 1 year time a 2X nearly from the current Hedera Hashgraph price. In 2021, the price may slightly go up to $0.10705296. It will continue to gradually rise to:
- $0.11931818 in 2022
- $0.17138587 in 2023
- $0.15655834 in 2024
- $0.16056544 in 2025
#3. Hedera Hashgraph (HBAR) Price Prediction by Reddit Users
Opinions about the prospects of the hashgraph and Hedera Hashgraph are the opposite. Some experts predict technologies to become the killer of the blockchain and make mankind happy, providing a technological breakthrough. Here is what a hash graph can bring:
- minimize threats of DDoS and hacker attacks, botnets and spam;
- change the structure of the world’s Internet, making it decentralized (without intermediaries), and therefore faster, cheaper and more efficient;
- increase the speed of interaction between smart devices with each other – the Internet of things will receive a powerful impetus to development.
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