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Hedera Hashgraph, what is it, what are the use cases and what is the price of HBAR?

 

Yamgo allows you to create a Hedera account and start earning HBAR, but what is Hedera Hashgraph?

Built as a directed acyclic graph, Hedera Hashgraph is a revolutionary platform that uses Distributed Ledger Technology to validate and record digital events near instantly . The alternative to traditional blockchains like Bitcoin and Ethereum, Hedera Hashgraph is faster, cheaper, more secure and more robust than rival blockchain technology. Through its unique consensus mechanism Hedera Hashgraph is able to support over 10,000 transactions per second, has bank-grade security and staggeringly low fees, all with its energy consumption per transaction 1000,000x lower than Ethereum!

Often attributed as the successor to the blockchain, Hedera Hashgraph isn’t just a new cryptocurrency, it is quite possibly the future architecture of the internet. This bleeding edge technology has a lot of utility to it, from healthcare to payments, from NFTs to a whole host of different enterprise use cases. Hedera is here to stay and Yamgo offers you the ability to get started in Hedera Hashgraph by earning HBAR rewards for free.

 

What is HBAR and why does Yamgo use it?

Similar to Bitcoin and Ethereum, Hedera uses its own cryptocurrency to power their network and this cryptocurrency is called HBAR

Yamgo uses HBAR to reward you for completing tasks such as watching explainer videos, signing up to Yamgo and even for  playing different apps and games on your phone., It’s free and easy! HBAR is Hedera’s clean, fast and secure alternative to Bitcoin or Ethereum.

Being the next generation of public ledger, HBAR utilises its lightning quick transaction speed alongside its industry defining security and technology to provide its users with the certainty that this isn’t just a new name, it’s here to stay. 

Hedera doesn’t use high energy methods of consensus like Blockchain and Ethereum, so it is better for the environment. Alongside this, Hedera prides itself on being carbon negative, which is made possible by its staggering low energy consumption and low costs to transact on the network or transfer HBAR. Alongside that, Hedera – unlike traditional blockchains like Bitcoin or Ethereum – is capable of processing thousands of transactions a second which means you get rewarded much faster.

You can read more about Hedera’s carbon footprint here!

 

What are the use cases of the Hashgraph?

Hedera Hashgraph is being used by thousands of developers to create groundbreaking new products  such as safe & secure medical records, supply chain verification, security systems, payments, gaming and much more. Several different companies use Hedera’s Hashgraph in different ways to achieve different things, take Yamgo for example. Yamgo grants users the ability to complete day to day tasks while being rewarded in HBAR. 

 

What is the price of HBAR?

Hedera’s crypto HBAR currently is sat at around $0.07. HBAR’s all time high was $0.46 in September 2021. Some future price predictions on the value of HBAR can be found on various crypto websites, Coinpedia recently added an article on their own HBAR Price prediction

What else should I know about Hedera?

Hedera isn’t privately owned by individuals who may have their own personal gain in mind, Hedera is owned and governed by the world’s leading organisations such as Google, Boeing, IBM and most recently Ubisoft alongside 22 other organisations.

Hedera is rapidly growing, so there’s never been a better time for you to bag lots of HBAR rewards! Yamgo gives the power to the user, with no way for Yamgo to take away your HBAR and no way to move your HBAR, what is yours is yours and Yamgo simply grants you the ability to create, earn and use.

 

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Jake Whitehouse

My name is Jake and I am a Technical Testing and Support Assistant for Yamgo. With an interest in Crypto, Fintech and Blockchain, I joined the team in 2022 looking to make my mark in the crypto world.