One of the biggest qualms that people have about legacy assets is their inflexibility. Sticking with one design, these block-based cryptos have an orthodox approach. That’s the reason why Proof-of-Work assets have stymied in terms of ecosystem growth, as they have not moved past their “store of value” use case.
Bitcoin.ℏ is different, though. Not following the same rigid architecture, it has adopted that of Hedera Hashgraph. This focus on a directed acyclic graph architecture has pushed it past the existing boundaries of blockchain technologies, evolving it into a full-scale Web3 platform that just might be better than the rest.
Proof of Work: A Draconian System That Stalled Innovation
While Proof-of-Work set the tone of decentralized finance, its shortcomings have been so significant that people have started looking at the altcoin sector. When the concept first arrived, people were so enamored by the transparency and the immutability of the system that they didn’t worry about the power draw.
However, as these assets became more popular, mining them became difficult. What once took only a laptop to mine now takes entire fields of systems, where the power draw easily offsets any profits to be had. Another big minus is the lack of care for quantum threats. Now that the ecosystem is evolving, and quantum computing is edging into becoming a full-blown reality, traditional ecosystems are woefully unprepared to deal with future security issues.
The result? People are stuck with one system that they don’t want to grow out of, for the sake of belief and familiarity. Many have foregone the sense of innovation and responsibility because they think such assets are the future, and stepping back now is akin to losing out on big opportunities.
Bitcoin.ℏ says it doesn’t have to be like that. There are frontiers in a decentralized ecosystem, beyond the realm of chains of blocks, that could provide a better, brighter future. And it is all done using Hedera Hashgraph, a decentralized ecosystem with a directed acyclic graph (DAG) that alters the standard paradigm and introduces multiple unique aspects.
Why does Bitcoin.ℏ adopting Hedera Hashgraph make it a better alternative than others
Hedera Hashgraph doesn’t bow to traditional norms. There is no reliance on sequential blocks and energy-intensive mining, which only become more difficult with age, exacerbating the costs to a degree that only large institutions can afford.
Instead, what Hedera Hashgraph does is adopt a different form of principle, which involves gossip-about-gossip and virtual voting.
As a result, users have access to a system where the throughput is high, the latency is low, and finality doesn’t take more than a few seconds. What this ends up creating is a system with vastly superior efficiency compared to traditional chains. The scalability is high enough to act as a foundation for unique decentralized applications.
By adopting this unique ecosystem, Bitcoin.ℏ gets access to features that mainstream assets cannot fully adopt. For instance, Bitcoin.ℏ is far more scalable than mainstream crypto, thanks to Hedera Hashgraph’s throughput that exceeds 10,000 TPS. Secondly, with asynchronous Byzantine Fault Tolerance being Hedera Hashgraph’s core consensus mechanism, it has far superior protection against malicious attacks.
Energy efficiency is another game-changing advantage that Hedera Hashgraph bestows upon Bitcoin.ℏ. Only consuming a minor fraction of the power used by mainstream crypto, Bitcoin.ℏ has the right foundation to support the development of Web3 tools without sacrificing an ounce of performance.
Furthermore, Bitcoin.ℏ also taps into Hedera’s architecture’s enforcement of true fairness. Thanks to unique attributes such as transaction ordering, decentralized governance, and a robust ecosystem, Bitcoin.ℏ is a strong foundation for decentralized applications, identity systems, and even more tokenized assets.
How Bitcoin.ℏ is Evolving into a full scale Web3 Platform
Adoption of Hedera’s ecosystem has bestowed upon Bitcoin.ℏ the following benefits, which have pushed it into evolving as a full-scale Web3 platform.
Eco-Friendly Transactions
Thanks to eco-friendly transactions, Bitcoin.ℏ has more leeway when it comes to adopting decentralized applications without dealing with any energy-related overhead.
Post Quantum Security
With the adoption of the Hedera network, Bitcoin.ℏ gains access to SHA-384 cryptographic hashes. This makes it strong against Grover’s algorithm, preparing it to deal with quantum threats.
High Scalability
The speed at which Bitcoin.ℏ can handle transactions removes any network congestion, ensuring that decentralized applications, if and when created on the ecosystem, can perform admirably.
Decentralized Governance
Bitcoin.ℏ focuses on decentralization by tapping into Hedera Hashgraph’s approach to rotational governing members. This ensures that the project continues to keep innovating.
Conclusion
While traditional cryptos have been stymied by their feverish belief and dedication to a draconian ecosystem, Bitcoin.ℏ embraces change. Its reasons for adopting Hedera Hashgraph are tied to bringing to light a new version of crypto that’s faster, secure against quantum threats, and scalable, making it an ecosystem that can constantly evolve.