Renowned Developer Manu Kabrera Lauds the Incredible Evolution of the Hedera Blockchain (HBAR), Tipping It to Lead the Next Wave of Blockchain Innovation

In a post dated September 5, Kabrera explained that his position is based on seven key undeniable factors ranging from enviable community support to building an industry standard foundation.

Renowned developer tips Hedera (HBAR) to lead next wave of blockchain innovation - Here's why

A renowned developer has tipped Hedera (HBAR) to lead the next wave of blockchain innovation.

In a post on Monday, developer Manu Kabrera shared seven reasons for his belief, ranging from passionate community to building an industry standard foundation.

Here are 7 reasons why I believe Hedera and its native token $HBAR are poised to lead the next wave of blockchain innovation.

Let’s dive in ? pic.twitter.com/6rROzOOePh

— Manu Kabrera (@ManuKabrera) September 5, 2024

According to Kabrera, the Hedera community is one of the most educated, loyal, and passionate in Web3.

While admitting that some forums may have gamblers, flippers, and scammers, he highlighted that the community is largely made up of people who are passionate about using technology to solve real-world problems.

HashPack Wallet, Kabila App, SaucerSwap Labs are among the talented projects and companies in the Hedera ecosystem that are innovating and leading the way in blockchain use cases.

“The speed of this project is in a league of its own,” Kabrera wrote, regarding Hedera's transaction finality of around three seconds.

According to him, this speed is crucial for mass adoption, especially in the realm of Social DApps, where keeping users engaged and on-boarded largely depends on the speed of the underlying blockchain.

“Nobody waits today. 3 seconds vs 30 seconds can be the difference between a viable Social DApp or a complete failure. Great user experience requires speed.”

The developer also highlighted the efficiency of the Hashgraph algorithm in enabling low fees of $0.0001 and $0.02 for minting a Non-Fungible Token (NFT).

Moreover, these fees are fixed, enabling businesses to offer predictable pricing.

“The Hashgraph consensus algorithm is a gift. It enables future scalability, decentralization, and high-grade security,” Kabrera stated.

According to him, most networks fail in the long run because their gas fees skyrocket unreasonably once they become successful and start handling a lot of transactions.

“Hedera provides a solution for this.”

Kabrera also highlighted the ease with which Hedera's native services make it possible for developers to integrate with traditional languages like Java, JavaScript, or Go.

This is in contrast to the new programming languages like Solidity that other networks require for building on a blockchain.

According to Manu Kabrera, Hedera's provisions reduce entry-level barriers, costs, and development time.

In terms of governance, the developer believes that the community should have channels to submit proposals and feedback.

However, given reports that the entire economy could be tokenized on a blockchain, the responsibility for governing this vast digital realm would have to be entrusted to a group of experienced developers.

According to Kabrera, Hedera has a governance system of 39 large, trustworthy entities with different backgrounds ranging from technology to logistics.

These include Google, IBM, Chainlink Labs, DLA Piper, Standard Hash, Ubisoft, and Wipro Limited.

All members of the Governing Council have a single vote and a maximum term of 3+3 years on the Council, preventing the concentration of power.

This Council meets monthly, and all topics discussed and decisions made are transparently published on the Hedera website.

In his final point, Kabrera stated that the originality of the Hedera Foundation could propel it to dominate the Web3 ecosystem.

However, it would have to work on its clear processes, support for key ecosystem builders, transparency, and accountability.

At press time, HBAR was trading at $0.048 after surging by 1.19% in the last 24 hours.

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