HBAR Crypto Developer Wants To Improve Hashgraph Technology Adoption

HBAR developers will improve Hashgraph technology. (Photo; Doc. Cryptomundo)

JAKARTA - The HBAR Foundation, the entity responsible for the development of Hashgraph technology, has announced the recruitment of Brian Brooks to their company board to help accelerate the development of the Hedera (HBAR) network and increase global exposure to Hedera's original token, HBAR.

Brooks, who once served as US Currency Supervisory Officer and former Chief Legal Officer Coinbase, brought a broad experience in financial policy, banking, digital assets, and Web3. This is expected to help accelerate the HBAR Foundation's expansion into the financial sector and others.

As part of efforts to encourage the use of Hashgraph technology, several projects have been launched on the Hedera network, which utilizes core services such as Hedera Token Service (HTS) and Hedera Smart Contract Service (HSCS). The HBAR Foundation hopes that Brooks' appointment as a board of directors will attract more legally obedient breakthrough projects and Web3 to operate on DLT-based networks.

In a statement, Brooks stated that together with the HBAR Foundation, they will push the industry forward to realizing the vision of making Hedera a layer of trust on the internet.

Shayne Higdon, Co-Founder and CEO of the HBAR Foundation, welcomed Brooks' appointment as a member of the company's board and said that this would help build a joint ecosystem with more decentralization apps for next-generation companies (Dapps) to launch on the Hedera network.

In addition, Dell recently also joined as a new member of the regulatory board. With this development, many have speculated that HBAR prices will increase exponentially if the wider crypto market turns bullish.

With Brooks' appointment as a member of the company's board, the HBAR Foundation hopes to accelerate ecosystem growth and expand the use of Hashgraph technology. With more Dapps applications launched on the Hedera network, it is hoped that it can strengthen Hedera's vision as a layer of trust on the internet.

This is of course expected to attract investors and increase the value of the HBAR token in the future. At the time of writing, HBAR is trading at IDR 1,038, a 3.8 percent decline in the last 24 hours, based on Coingecko data. Now HBAR ranks 36th in the ranks of the largest cryptocurrencies by market cap.