TLDR
- Bitcoin.ℏ adopts Hedera Hashgraph for improved scalability.
- New liquidity pool on SaucerSwap enhances BTC.ℏ liquidity.
- Hedera supports over 10,000 transactions per second.
Bitcoin.ℏ is evolving into a dynamic Web3 platform through integration with the Hedera Hashgraph ecosystem. This transformation seeks to resolve common issues in the Web3 environment like scalability and security, offering an improved alternative to existing blockchain platforms.
The adoption of Hedera Hashgraph is a strategic move for Bitcoin.ℏ. Hedera Hashgraph is backed by a governing council of global enterprises and research institutions, enhancing its credibility. Despite the involvement of industry veterans, there are no explicit public statements from Bitcoin.ℏ leaders on major platforms regarding this transition.
Expansion of DeFi Capabilities on SaucerSwap
A significant highlight of Bitcoin.ℏ’s evolution is the introduction of a third official liquidity pool on SaucerSwap, a decentralized exchange native to Hedera. The announcement was made on the official Bitcoin.ℏ Instagram account, signaling further growth in the decentralized finance (DeFi) space.
Bitcoin.ℏ’s presence on SaucerSwap enhances the liquidity of its native token, BTC.ℏ. This expansion is poised to increase total value locked (TVL) on the platform, though specific data spikes have not been published. This increased liquidity aligns with user demand for a more engaging and efficient DeFi experience.
Hedera Hashgraph’s Role and Efficiency
The integration with Hedera Hashgraph brings notable enhancements to the Bitcoin.ℏ platform. Hedera is recognized for its high throughput of over 10,000 transactions per second, far surpassing traditional blockchain speeds. It achieves this while maintaining energy efficiency, using a fraction of the energy required by proof-of-work systems.
Security is also a significant focus, with the incorporation of asynchronous Byzantine Fault Tolerance, which boosts resistance to attacks. Quantum resistance, provided by SHA-384 hashing, offers future-ready protection against emerging computational threats.
Feedback from the Community and Industry
In community forums and developer discussions, there is generally positive sentiment towards Bitcoin.ℏ’s transformation. The migration to Hedera is seen as a move towards addressing user concerns about transaction speeds and energy consumption.
Despite this transition, there have been no significant remarks from key opinion leaders in the cryptocurrency industry. However, the focus on eco-friendly and scalable solutions aligns with broader Web3 community expectations.
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