- Hedera co-founder Mance Harmon commented on the growth of his DLT company in the bear market.
- The co-founder expects more use cases in the supply chain NFT space to boost Hedera’s popularity.
Mans Harmon, the man behind the popular Layer 1 DLT Hedera, recently appeared in an interview on the Paul Beren Network. In the interview, Harmon discusses various aspects of his blockchain company, including decentralization, its growing governance council, and recent partnerships.
Hedera demonstrates her resilience
during InterviewHedera co-founder Mance Harmon highlighted Hedera’s strong performance in the fourth quarter of last year.
Faced with the rise of FUD and the fall in cryptocurrency prices, the company Layer 1 Decentralized Layer Technology (DLT) sought closed full value (TVL) grew more than 33%.
Harmon said that the network saw a large increase in usage, thanks to decentralized exchanges like Suckerswap and staking platforms like Stablecoin Labs.
Tokenization services, the Hedera consensus service, file systems, and smart contracts are also contributing to the growth.
Hedera attended the Davos summit last month. When asked about the declining attendance of blockchain companies at the summit due to the crypto winter, Harmon said that the general tone was more pragmatic than flashy, leading Hedera to need to use Hedera to show case studies of the real world. be the perfect opportunity.
According to him, Hedera has been able to guarantee a degree of decentralization that no other Tier 1 company has been able to achieve.
Speaking about the development and performance of Hedera, the co-founder said that most of the goals listed in the whitepaper have been met.
decoding details
According to him, the most important milestone that remains is the ability to scale and process 1 DLT transactions with really high performance to meet market demand.
He revealed that his team is working on adding community-driven nodes. Additional shards and networks are likely to be added in the next 24 months.
As far as NFT-powered development goes, Harmon has a tokenized world in the future. “Everything you see and touch will have an associated digital twin in the form of a token, most of the time it will be an NFT.”
According to him, NFT use cases will emerge from existing core crypto-focused spaces such as gaming, loyalty, and rewards, among others, and will drive the development of NFTs involving supply chain use cases.
native tab display HBAR It has been awesome since the beginning of the year.
according to data from coin market capThe token, at press time, was currently trading at $0.088, up more than 144% year to date.
The growing popularity of the project has led to a surge in trading activity and is reflected in a 26% increase in its daily trading volume.
