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Crypto

Hedera Hashgraph Draws Attention to Innovative Applications of Its Distributed Ledger Technology (DLT)

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Hedera Hashgraph Draws Attention to Innovative Applications of Its Distributed Ledger Technology (DLT)

Anna Martynova

Hedera Hashgraph drew attention to innovative applications of its distributed ledger technology (DLT) through a recent announcement involving abrdn council member. The financial firm is using the HBAR platform to advance the tokenization of real-world assets (RWA), an initiative that aims to redefine accessibility in the investment space.

abrdn’s use of Hedera’s DLT promises to increase liquidity across asset classes, streamline financial processes, and expand investment opportunities for smaller participants. As the firm integrates tokenization into its offerings, its projected valuation is expected to reach $4 trillion by 2030.

Hedera’s Head of Developer Relations Ed MARQUEZ recently announced a major upgrade to the blockchain’s consensus layer that will increase its performance. This upgrade will be linked to “block nodes.” The blockchain platform can currently handle over 10,000 transactions per second. According to some speculations circulating on forums, this number could increase to 500,000 in the future.

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