Altcoins News
By Dan Saada
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The Hedera Token Service enables the configuration, minting, and management of fungible and non-fungible tokens on Hedera without needing to set up and deploy smart contracts.
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Tokenization of assets on Public Distributed Ledgers is expensive. Also, the transaction speeds are slow and the fees is unpredictable.
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They make use of two primary models like the: Native Support on Hedera by making use of the Hedera Token Service and Hedera Consensus Service with permissioned network…
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For clarity, fungible tokens are interchangeable, but non-fungible tokens are not interchangeable. NFTS are digital representations of unique creations in the real time world.
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The fast and more secure concept of Hedera Hashgraph comes from the fact they make use of energy-intensive mining and they make use of a technology called Directed Acrylic Graph…
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Hedera is special in that it steps in and removes the mining process altogether, thus becomes less energy intensive and makes it possible for computers to work through…
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They also claim that it is best to imagine Hedera as a graph, as the speed with which they verify transactions will increase as the numbers of transactions on the network…
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The goal of this technology is to achieve more than 100,000 transactions per second. Hedera are therefore claiming to be a true competitor to VISA.
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