Post
Topic
Board Altcoin Discussion
Re: Hedera Hashgraph is ten times better than Ethereum
by
Abiky
on 30/12/2020, 17:20:14 UTC
This is a list of Blockchain dapps platform (as mentioned on dappradar.com):
Quote
ETH
EOS
TRON
IOST
LOOM
ONT
ThunderCore
VeChain
Waves
NEO
WAX
Steem
Hive
BORA
BSC
Matic

There are 16 platforms that claim to be "better than Ethereum" and compete in the same market. It's still a long way before HBAR can be considered as a rival to ETH.

It's true that there are many competitors which claim to be better than Ethereum. Most (if not all) rival Blockchain networks have greater scalability than Ethereum due to the way they were designed. This translates into cheaper fees and faster transaction confirmation times to the end user. I think that there's something unique about Hedera Hashgraph (HBAR) as it makes use of a DAG. Besides that, Hashgraph makes use of Ethereum's "EVM" to become directly compatible with Solidity-based smart contracts. Transactions are nearly instantaneous, while fees are ridiculously low. There's nothing stopping developers from migrating existing dApps from the ETH blockchain to HBAR. It seems that the switch has not been made yet, as Ethereum enjoys mainstream adoption unlike any other alternative blockchain network in the world today.

Despite soaring fees and slow transaction confirmation times, Ethereum's decentralization as all that matters for dApps to achieve true censorship resistance. That's something Hashgraph doesn't have, since the network's model is centralized. You'd either sacrifice decentralization for scalability or vice versa. For different purposes/needs will be the type of Blockchain to use for mainstream payments. My guess is that Hedera Hashgraph will find its own place in the business sector. Companies, merchants, and businesses alike will find Hashgraph to be a much more attractive option than Ethereum because of its low cost and blazing-fast speeds. The general public will find Ethereum a much more attractive option than Hashgraph because of its decentralization and censorship resistance. As long as each project work together to make crypto land a better place, nothing else matters. I'm expecting to see HBAR experience increased traction in the future as Ethereum becomes bloated with transactions on the Blockchain. But it'll never replace Ethereum since the latter has a large user base behind it. Just my opinion Smiley