Since its launch in 2018, Hedera Hashgraph has gained significant attention in the blockchain and cryptocurrency space, but, does Hedera Hashgraph have a future?
What is Hedera Hashgraph?
Hedera Hashgraph is a distributed public ledger technology that uses a new algorithm called Hashgraph to provide a fast and secure platform for decentralized applications. Hedera Hashgraph’s news of partnerships with major companies and organizations have often made the headlines.
Hedera Hashgraph partnered with Google Cloud in 2019 to provide its clients with enterprise-grade distributed ledger technology. It has also partnered with IBM to develop a new supply chain management platform based on Hedera Hashgraph technology. Korea-based LG is also launching LG Art Lab, a non-fungible token (NFT) marketplace that connects to the Hedera Network. Users with LG TVs running on the most recent software will be able to buy, sell, and advertise their Hedera NFTs directly from their screens.
What is the Hashgraph consensus?
Hashgraph consensus is the next generation of blockchain consensus algorithms. In Hashgraph, transactions are recorded and validated using a protocol that uses node communication, as opposed to using the computational power of large networks. It assures all of the benefits of the blockchain without the drawback of slow transaction speed.
Does Hedera Hashgraph have a future?
While Hedera Hashgraph is still facing some challenges, it has continued to gain credibility and recognition in the industry through its partnerships and collaborations with major companies and projects.
The price of HBAR has fluctuated since its launch, but it has generally trended upward over time. HBAR is Hedera Hashgraph’s native cryptocurrency, used to pay for network fees and incentivize node operators.
What is Avorak AI?
Avorak AI is a blockchain-powered AI platform by Avorak Labs that focuses on developing cutting-edge solutions that enhance user capabilities and experiences by combining blockchain and AI technology.
By utilizing artificial intelligence, Avorak will provide powerful chatbots, image creation tools, and trading bots, all powered by AVRK, their native token. This provides users with a secure and efficient way of conducting transactions while also allowing them access to advanced AI-driven features that can help improve their business operations or individual lives. Customers benefit from this in a way that few other providers can match
Most AI systems require payment using a credit card, which can sometimes be inaccessible. A token payment system allows users to use crypto to get these services from anywhere in the world.
Could Avorak follow suit?
Hedera has grown popular largely because of the enhanced solutions that Hashgraph provides when compared to the existing blockchain protocols.
Avorak Labs is undoubtedly at the forefront of blockchain innovation because of its combination of the latest AI technology and an all-accessible platform. Avorak is creating a buzz even before its ICO event, which is scheduled to start in March. It would therefore not be surprising to see Avorak’s news trending alongside Hedera Hashgraph’s news in the near future.
Interested in learning more about Avorak AI?
Website: https://avorak.ai
Whitepaper: https://avorak-labs-and-technology.gitbook.io/avorak-a.i-technical-whitepaper/
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