The Hedera Hashgraph platform is an alternative form of distributed consensus. As with other peer-to-peer platforms, it eliminates the need for intermediaries to complete transactions. Thus, we can say that Hedera Hashgraph is a decentralised distributed consensus that is structurally quite different from Bitcoin and Ethereum blockchains, but performs equivalent functions.
HBAR ensures that blockchains work as transparent as possible. Hedera Hashgraph supports smart contracts, so it is a potential centre for distributed applications in finance and other areas. Smart contracts allow developers to create applications that support the transfer of value and goods without intermediaries such as banks or exchanges. They can also be less costly, faster and more secure than traditional contracts.
HBAR has risen by about 22% in the last 7 days. HBAR has increased by 6.81% in the last 24 hours. Hedera recently announced a strategic partnership with FreshSupplyCoAu to integrate with the Continuity API. The integration allows Hedera users to access Mastercard Payment Gateway Services (MPGS). We can say that this development may have been effective in the rise of HBAR.
