HBAR Stillhan In The Bear Market, This Is Hedera Hashgraph's Plan For 2023!

HBAR projection for 2023. (Photo; Doc. KalkineMedia)

JAKARTA - Hedera Hashgraph (HBAR), one of the companies focused on blockchain technology, outlines its roadmap' for the Hedera crypto protocol. This was conveyed by Hedera founder and CEO Mance Harmon. On the other hand, HBAR managed to survive a prolonged crypto winter that lasted in the past year.

Harmon said that Hedera managed to overcome the crypto winter last year. According to him, HBAR's fundamentals improved last year despite the prolonged crypto bear market. Hedera continues to grow, in terms of use and total value is locked, even though through a very deep trough in terms of crypto cycles.

Harmon is optimistic that Hedera will continue his growth in 2023, as he believes that Hedera will be the first blockchain to actually solve the scalability issues in the crypto industry.

According to Harmon, a real layer-1 scale is not yet visible in the industry, which allows the ability to process transactions with very high throughput at an acceptable price point by the market. Hedera currently has the capacity to process 10,000 transactions per second, which has been around since launching it in the fall of 2019.

Hedera plans to add nodes managed by the community other than those run by board members thereby expanding blockchain capabilities. Hedera set up a roadmap to switch from the current position with the council, each board member runs the node, allowing the initial network to process transactions that can be processed today to then add nodes of communities that are not board members. This is believed to help improve Hedera's blockchain throughput.

At the time of writing, HBAR coins have increased by more than 5 percent. Currently HBAR is trading at the level of IDR 1,330 per coin according to Coingecko data.

Harmon believes that Hedera will continue to develop and contribute to the entire blockchain throughput, thus becoming the best solution to the scalability problem in the crypto industry. It is hoped that Hedera will continue to advance in the future and create the best innovations for the blockchain industry.