Hedera (HBAR), a proof-of-stake layer-1 blockchain, has managed to survive last year's crypto winter, according to the project's founder, who is now outlining the project's goals for the coming year.
Hedera co-founder and CEO Mance Harmon outlines his ambitious goal for the crypto protocol in a brand-new interview on the Paul Barron Network YouTube channel.
Hedera co-founder and CEO Mance Harmon outlines his ambitious goal for the crypto protocol in a brand-new interview on the Paul Barron Network YouTube channel.
“Just across the board, [Q4] was a really good quarter and that builds on the prior three quarters that were also showing really strong growth."
"What’s interesting to me is that over the period where [the] crypto winter really began to set in, and through this really deep trough in terms of cycles, Hedera has gone exactly the opposite direction in terms of its usage and [total value locked] and all the metrics look good.”
Harmon continues by predicting that HBAR will grow even more in 2023 because, in his opinion, Hedera will be the first blockchain to genuinely address the issue of scalability in the cryptocurrency sector.
“Industry wide, what the industry has yet to see is a layer-1 really scale. Scale its ability to process transactions, really high throughput at a price point that is acceptable to the market, and over the next 12 months we’re going to take the next step in terms of going down the path towards true scale."
"Today, in the network as it exists today, we already have capacity to process 10,000 transactions per second, and that’s been there since we launched back in the fall of 2019.”
Harmon claims that Hedera intends to significantly increase the capabilities of the blockchain by adding community-run nodes in addition to those managed by council members.
“We laid out a roadmap for going from where we really are today with a council, each of the council members running nodes, enabling the initial network to process the transactions it can process today to then adding in community nodes that are not council members"
"That’s coming. This year is the expectation. Then the next step beyond that is adding additional shards, other networks that contribute to the overall throughput.”
At the time of writing, Hedera is trading at $0.089, a gain of more than 5% from the previous day.
