The founders of Proof of Stake Layer 1 Blockchain Hedera (HBAR) have revealed the project’s ambitions this year, saying the network was able to defy last year’s crypto winter.
new interview On Paul Barron Network’s YouTube channel, Hedera co-founder and CEO Mance Harmon publishes an ambitious roadmap for the crypto protocol.
According to Harmon, HBAR’s fundamentals improved last year despite a prolonged crypto bear market.
“Overall, [Q4] had a very strong quarter, which also builds on the last three quarters of very strong growth.
What is interesting to me is [the] Crypto winter is in full swing, and through this very deep valley of cycles, Hedera has gone in diametrically opposite directions in terms of its use and use. [total value locked] All indicators look good. ”
Harmon said he believes HBAR will continue to grow in 2023 as he believes Hedera will be the first blockchain to truly solve the scalability problem of the cryptocurrency industry.
“For the industry as a whole, what the industry has yet to see is the real scale of Layer 1. It expands our ability to process transactions and has very high throughput at a price point that is acceptable to the market. Monthly, we take the next step in terms of taking the road to true scale.
Today, our current network is already capable of processing 10,000 transactions per second, and has been since our launch in the fall of 2019. ”
According to Harmon, Hedera plans to add community-run nodes in addition to council-member-run nodes to significantly expand the capabilities of its blockchain.
“We created a roadmap for actually moving forward from where we are with the council. Add a community node that is not a council member…
it’s coming I have high hopes for this year. The next step beyond that is adding additional shards, or other networks that contribute to the overall throughput. ”
Hedera is trading at $0.089 at the time of writing, up more than 5% on the day.
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Featured Image: Shutterstock/Mia Stendal
