There are a lot of token platforms.
Full stop, that’s the reality of the situation.
When a business or a developer wants to select a blockchain to build on, in today’s world they have a lot of choices.
Hashgraph: Not Just Another Token Platform?
Another has launched in the form of the Hedera Hashgraph. Hedera uses a consortium model for governance, which it says that Facebook stole from it with its Libra Association model.
In any case, the Hashgraph isn’t anything to fool around with.
The new kid on the block touts the ability to handle 10,000 transactions per second. This is worlds apart from the less than 20 per second currently possible with Ethereum, which is currently in the throes of scaling.
Hedera claims to be competitive, scalable, and comes out of the box with 26 decentralized applications (dApps) running on it.
Decentralized applications and the users therein are the gold that blockchains like Hedera, Ethereum, and Cardano are digging for.
Along with Tron and EOS, each chain provides functionality that other industries have to make use of – otherwise the projects wither.
The Real Measuring Stick for Blockchains: Users
A series of books would only scratch the surface on the many blockchains now operating in the wild. In 2017, blockchains and tokens of every sort came to be.
Hedera brags about a few of its dApps in the official messaging for the launch, saying:
“Amongst the dapps to go live on Hedera today are AdsDax, a decentralized advertising platform and marketplace, which has already conducted over two million transactions in 10 days on the Hedera network during live customer campaigns; Certara, a global, model-informed drug development and decision support leader, that is running a mirror node to provide insight on transactions on the Hedera network, with the ultimate goal of providing advanced analytics and demonstrate data provenance on health related transactions; and Chainlink, which will provide Hedera-based applications with reliable oracles and connectivity to off-chain data.”
Hashgraph, from the outset, aims to serve large enterprises. There is no experimental period or time to spend talking about scaling – Hedera wants to land large clients right away, and make its product valuable in the process.
This is a departure from the approaches taken by other projects in the past, which have come to exist and waited for industry to decide what should be done with them.
Instead, Hedera comes out of the gate with a number of built-in use cases, urging industry participants to build more.
This approach could have positive side effects for the industry as a whole, including enhanced business and hence consumer adoption.