Non Fungible Tokens (NFTs) -Scaling Problems & a Solution

  1. Trust — The decentralized, diversified & limited-term 39 governing council members, who actual govern the public network are all very well respected organizations and enterprises. Some current example members include IBM, Boeing, LG Electronics, Google and many more.
  2. Scalability — Currently they have the network throttled to 10,000 transactions per second (TPS). Once justified TPS will be un-throttled. Infinite TPS are possible with sharding. For example, Ethereum is currently limited to about 12–15 TPS.
  3. Cost Justified — Transactions (Gas) cost are fixed at .0001 cents usd. Yes, that is 3 zeros. Having a fixed transaction fee in USD’s is a HUGE benefit to NFTs and is the only DLT in the market offering this feature.
  4. Decentralization Nodes are currently permissioned and are being run by governing the council members. Publicly ran non-permissioned nodes will come online once all 39 council members are in place.
  5. Non-Forkable- the Hedera Network and its cryptocurrency (HBAR) have a no-fork guarantee. This means application builders can count on long-term confidence in the network.

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𝔍oĦn Ortmann

𝔍oĦn Ortmann

What is Money to you? Money is value! We are at the beginning of a new age of VALUE.

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