Why Hedera and $HBAR are set to explode in 2022, changing the entire crypto landscape as they do.
This is a great link for a thread with the live links outlining how:
https://threadreaderapp.com/thread/1483963523306766336.html
- Mainnet leaving Beta
- #Hashgraph open-source
- Smart Contracts 2.0
- Staking & community nodes
- @HBAR_foundation & its unprecedented ecosystem fund
Firstly, let's start with leaving Beta. With the next mainnet upgrade, maintenance windows will change from hours to minutes. For bigger enterprises ready to roll out their use cases, this is essential - a prerequisite for their contribution to the 'step-functions' in mainnet tx.
Enterprise use cases that we can anticipate in 2022:
- @ServiceNow (service 80% of Fortune 500)
- @eftposAust (AUS debit card system) & @meeco_me
- @pingidentity (service 60% of Fortune 100)
- @SBGroup (biggest bank by assets, Africa)
- Shinhan Bank (leading Bank, S. Korea)
- NFT.com w/ @kevinolearytv & @jordanfried
- The much anticipated Fortune 10 use case, @Google or @Walmart?
- SKUx w/ @thecouponbureau. @Walmart on promotion campaign.
- @arrahman (one of Indias biggest musicians) launching music NFT platform.
- 'Project Guardian' w/ @env_blockchain & @IntWorkAll (includes @hedera, @Accenture, @Microsoft). See more on @ParabolicHBAR's thread.
- @dovuofficial (invested in by @Jaguar, @LandRover) carbon tracking and capture (see dNFT's - only on Hedera), tokenized reward system w/ @BMW
- @avcglobal w/ Kingdom of Bahrain (supply chain)
- @DLA_Piper ramping up securities tokenization w/ TOKO
- @CalaxyApp w/ @SDinwiddie_25 & @SoloCeesay
- @mingoapps w/ @Tyson_Fury
- @Wipro w/ Provenance of data, creating & managing verifiable credentials.
- @tunefmofficial w/ #NFT music minting marketplace, integration w/ @circlepay & 'Jam Verse' #metaverse festival
- @Neuron_World (most recent PoC sponsored by UK Government @transportgovuk) w/ drone tracking
- @animocabrands launches first #P2E football game & Helix Warp
As you can see, these enterprise use cases alone are set to change the #cryptocurrency space altogether. These are some of the world's biggest companies and names entering the #DLT space, bringing unprecedented legitimacy to crypto as a whole. Imagine the retail FOMO for $HBAR.
What's more, every single one of these companies/names will be buying $HBAR to fuel their use cases. All have chosen #Hedera, thus all need #HBAR to function. This will cause a constant demand for the HBAR utility token that no other cryptocurrency has ever seen.
So, enterprise use cases have been the key focus for Hedera thus far. But now that many of these are ready to launch, this focus can spread to other areas. Cue Hedera's decision to make the #Hashgraph algorithm open-source.
Firstly, it is important to note that there are technical controls in place to ensure that Hedera will not fork. This was one of the key reasons a patent existed in the first place. This patent has now been removed.
The open-source code license, Apache 2.0, allows anyone to do what they like with the software, as long as they include the required notices. See more at: tldrlegal.com/license/apache…
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So, what does this mean for $HBAR?
(1) The removal of a key psychological barrier around $HBAR. The @IOHK_Charles, @coinbureau 'patented garbage' FUD. This will entice retail investors but most importantly developers who see open-source as a key feature of crypto.
(2) There are certain use cases that benefit from open-source code, such as #CBDC's. Before, if a central gov. wanted to build on Hedera, a patent would mean it had little control over the very core of its network, the Hedera Consensus Algorithm. (See more: Reddit u/d3jok3r).
You might ask, why wouldn't a central gov (or anyone for that matter) just copy the Hashgraph code and start anew? Well, the algorithm alone does not come with the trust and neutrality of the Hedera network. This is something that cannot be mirrored. The HBAR GC is unprecedented.
(3) Hashgraph is clearly superior to #blockchain, this has been evident for a long time. On a more speculative note, now that it's open-source, will multiple networks move over? Could we witness a mass exodus from blockchain to Hashgraph - $HBAR forever known as the first mover?
Combined with this new attraction from open-source-minded devs, is the launch of Smart Contract 2.0. If open-source was the rod, SC2.0 is the golden bait. Whilst HCS and HTS (native layer) are throttled at 10,000tps, SC2.0 enables EVM to function at 300tps+ w/ negligible fees.
SC2.0 will enable other EVM dApps to move across to Hedera with minimal effort. Both financially & technically, it makes no sense to not migrate. This could easily lead to 1000s of projects making the move. SC2.0 could bring in trillions of $ into the Hedera ecosystem over time.
One of the most exciting things that SC2.0 will bring is the advent of low-cost & fast #DeFi on #HBAR. @SaucerSwap is currently pioneering this. DeFi is key to attracting retail. Just look at what happened with $FTM. Hedera will bring the highest degree of security (aBFT)
and blazing speeds, all whilst being incredibly environmentally efficient. Hedera is the greenest POS DLT (as proven by the independent @ucl research paper). We all know how bad $ETH is for the environment. How does #GreenDeFi on HBAR sound?
We know that enterprises and institutions are interested in DeFi, who are they going to look to? The DeFi protocols built on an open-source network owned and governed by some of the leading companies and institutions in the world perhaps?
If SC2.0 was the golden bait for devs, staking and community nodes (coming Q2) is the golden bait for retail. Passive income is a huge selling point for many in the crypto space. This alone could cause an influx of people buying into $HBAR.
Now we move to the beauty that is the @HBAR_foundation. The foundation has the biggest ecosystem development fund in the entire crypto space. This includes $2.5 billion in GRANTS.
This allows devs to literally get paid to build on the open-source, most used, most secure & most environmentally efficient public-DLT in the world. The foundation then helps market the dApp. We have already begun to see the fruits of this, but there's so much more to come.
With @hedera's own marketing team led by @chasker and @zenobiaZAG shifting towards 'hyping the substance' in 2022, $HBAR is set to completely take over. I've never been so excited about the project. You should be too. See y'all on the moon
???? #HelloFuture
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