The Hedera network is at the epicenter of significant technological changes. Recent reports indicate that a performance upgrade is imminent, with projections suggesting a spectacular increase in processing speed: it will go from the current 10,000 transactions per second to 500,000 TPS, making it the fastest blockchain network in the world.
The Innovation of “Spheres” in the Hedera Protocol
In parallel, Dr. Leemon Baird, the chief architect behind the Hashgraph protocol on which Hedera is based, has revealed the development of a privacy layer called “Spheres.” This technology allows any user operator to create private versions of the network $HBAR while maintaining full interoperability with the public Hashgraph.
The architecture of these Spheres opens up interesting possibilities for enterprise and financial use cases. In fact, there are indications that this solution could be leveraged by ecosystems that use $XRP for stablecoin issuance like $RLUSD, as well as potential applications in CBDC infrastructures.
Historic record in transaction volume
What places Hedera in an even more prominent position is its already verified record: the network has processed the largest number of transactions ever recorded on any blockchain. With these imminent improvements in performance and privacy, the network is positioned to significantly expand its operational capacity and its appeal to developers and financial institutions.
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Hedera prepares for a historic performance leap: from 10k to 500k TPS
The Hedera network is at the epicenter of significant technological changes. Recent reports indicate that a performance upgrade is imminent, with projections suggesting a spectacular increase in processing speed: it will go from the current 10,000 transactions per second to 500,000 TPS, making it the fastest blockchain network in the world.
The Innovation of “Spheres” in the Hedera Protocol
In parallel, Dr. Leemon Baird, the chief architect behind the Hashgraph protocol on which Hedera is based, has revealed the development of a privacy layer called “Spheres.” This technology allows any user operator to create private versions of the network $HBAR while maintaining full interoperability with the public Hashgraph.
The architecture of these Spheres opens up interesting possibilities for enterprise and financial use cases. In fact, there are indications that this solution could be leveraged by ecosystems that use $XRP for stablecoin issuance like $RLUSD, as well as potential applications in CBDC infrastructures.
Historic record in transaction volume
What places Hedera in an even more prominent position is its already verified record: the network has processed the largest number of transactions ever recorded on any blockchain. With these imminent improvements in performance and privacy, the network is positioned to significantly expand its operational capacity and its appeal to developers and financial institutions.