The fact that HBAR is governed by a collection of major firms like Boeing, IBM, and Google boosted the value of both assets.
AVAX aspires to dethrone Ethereum as the most popular smart contract blockchain.
One of the most well-known global exchanges, eToro, is constantly adding new crypto assets to its investment platform. According to a press release from the exchange, the most recent acquisitions are Hedera (HBAR/USD) and Avalanche (AVAX/USD). Naturally, both assets increased in value as a result of the news.
Hedera Hashgraph is a fictional character created by Hedera Hashgraph.
Hedera Hashgraph is a distributed ledger based on Directed Acyclic Graph technology for enterprise application. The network is powered by HBAR, a local crypto asset, and is administered by a collection of multinational firms like Boeing, IBM, and Google.
Hedera is the most widely used, long-lasting, enterprise-grade public network for the decentralised economy, allowing people and corporations to build powerful decentralised apps (DApps).
A more equitable and efficient system
It is intended to be a more equitable and efficient system that overcomes some of the drawbacks of prior blockchain-based platforms, such as slow performance and instability.
Hedera Hashgraph, unlike most other cryptocurrency platforms, isn’t constructed on top of a traditional blockchain. Instead, it introduces a Hashgraph, an entirely new sort of distributed ledger system.
Low prices and fast service
Hedera transactions have a transaction cost of just $0.0001 USD on average, and they usually complete in within five seconds. Hedera Hashgraph claims to be able to process more than 10,000 transactions per second (TPS), compared to 5-20 for most prominent proof-of-work (PoW) blockchains.
At the time of writing, Hedera was trading for $0.26, up 10.14 percent.
Cornell University computer science professor Emin Gün Sirer invented Avalanche, a smart contact platform focused on speed, security, and sustainability. The Avalanche blockchain’s native token is AVAX. It is the ninth most valuable cryptocurrency in terms of market capitalization.
The actual Ethereum assassin
Avalanche is an Ethereum competitor that aims to dethrone Ethereum as the most popular blockchain for smart contracts. It intends to achieve this by providing a larger transaction output of up to 6,500 transactions per second while maintaining scalability.
The unique architecture of Avalanche allows for this. It is made up of three blockchains: the X-Chain, the C-Chain, and the P-Chain. Each chain has a certain purpose. Different consensus mechanisms are used by Avalanche blockchains.
1 AVAX was trading for $89.24 at the time of writing, up 9.36% from its previous close.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.