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r/CryptoCurrencySee Post

UAE Al Zayed University research notes hashgraph DLT could replace blockchain

r/CryptoCurrencySee Post

Why I would never invest in Algorand, but happy for the people who made their gains.

r/CryptoCurrencySee Post

EMTECH completes Ghana CBDC hackathon on public DLT.

r/CryptoMoonShotsSee Post

The Bitcoin Decentral Bank

r/CryptoCurrencySee Post

Radix L1 will perform 1M TPS with fully sharded and with full atomic composability. This January 2024. A first for blockchain tech.

r/CryptoMoonShotsSee Post

Top 5 Layer 1 Blockchains That Can Explode in 2024

r/CryptoCurrencySee Post

IOTA is the first registered DLT foundation under ADGM in Abu Dhabi, UAE

r/CryptoCurrencySee Post

First Registered DLT Foundation Under ADGM in Abu Dhabi, UAE

r/CryptoCurrencySee Post

UK funds given green light for tokenisation

r/CryptoCurrencySee Post

A simple overview of the key features of Radix DLT

r/CryptoCurrencySee Post

Dell Paper on DLT.

r/BitcoinSee Post

Discover with us Prime XBT ! and what makes it special ?

r/BitcoinSee Post

Discover with us Prime XBT ! and what makes it special ?

r/CryptoMoonShotsSee Post

Radix DLT ($XRD) TVL From $0,00 to $12,18 Millions In Just 47 Days!

r/BitcoinSee Post

Blockchain Accessibility Research Study

r/CryptoMoonShotsSee Post

Radix DLT ($XRD) Coming In Slow But Strong To Shake Up The Web3 Scene

r/CryptoCurrencySee Post

Chainlink being used for Vodafone & Sumitomo "Economy of Things" venture

r/CryptoCurrencySee Post

Still hate for HBAR?

r/CryptoCurrencySee Post

Rate my 'folio bros.

r/CryptoMarketsSee Post

Abu Dhabi Global Market Unveils DLT Foundation Blockchain Regulations

r/CryptoCurrencySee Post

[AMA] We're Francesco and Merens, Cofounders of Arcton, a Zurich-based startup. We tokenize web2 startup shares under the Swiss DLT Act and we partnered with Camelot DEX bringing clear and compliant tokenized share trading to DEXs.

r/CryptoMoonShotsSee Post

24/7 Tradable Tokenized Startup Shares on Camelot DEX: Startup IPOs

r/CryptoCurrencySee Post

24/7 Tradable Tokenized Startup Shares on Camelot DEX: Startup IPOs

r/CryptoCurrencySee Post

Arcton: Pioneering Startup IPO, Liquidity to Start-up Investments and integrate Real-World Assets in DeFi

r/CryptoCurrencySee Post

Babylon Mainnet Upgrade Complete | The Radix Blog | Radix DLT

r/CryptoCurrencySee Post

[Satire] Rarer than Bitcoin: only 17576 ... ever

r/CryptoCurrencySee Post

Block Time vs Finality: A Primer and a Practical Demonstration of Blockchain Speed by Comparing Solana and Algorand

r/CryptoCurrencySee Post

3 Compelling Reasons Why Blockchain is the Future for Enterprises

r/CryptoCurrencySee Post

Central Bank of the Philippines selects Hyperledger Fabric as Blockchain for Pilot CBDC Project

r/CryptoCurrencySee Post

Axiology Project Collaborates with SUPER HOW? and Ripple to Venture into the EU DLT Pilot Regime

r/CryptoCurrencySee Post

Why I'm Scared of CBDCs (and you should be too)

r/CryptoCurrencySee Post

US Fed incorporates DLT for its new service

r/CryptoCurrencySee Post

FedNow showcases DLT-powered payments system as service provider

r/CryptoCurrencySee Post

FedNow showcases DLT-powered payments system as service provider

r/CryptoCurrencySee Post

A critical review on Hedera network's energy consumption - why it is fundamentally flawed to make such a bold claim that it is the greenest blockchain/DLT

r/CryptoCurrencySee Post

Fed launches 'Novel Activities Supervision Program' to monitor crypto, DLT, and fintech

r/CryptoCurrencySee Post

Practitioner's view: Digital asset business models for banks and corporates | Metaco Talks with David Creer (Global DLT & Crypto Lead at GFT)

r/CryptoCurrencySee Post

Quant Network Achieves Milestone with New Patent for Blockchain Transactions with Chronological Ordering

r/BitcoinSee Post

What Will It Take for Cryptocurrencies to Become Full-Fledged Money?

r/CryptoCurrencySee Post

What other token comes as close to real world use as Hedera?

r/CryptoCurrencySee Post

r/CryptoCurrency

r/CryptoCurrencySee Post

CryptoCurrency

r/CryptoCurrencySee Post

Hedera Hashgraph and the Future of Consensus | Internet for the 21st Century with Leemon Baird

r/CryptoCurrencySee Post

Decentralized Machine Learning: How Gensyn Leverages DLT to Train AI Models

r/CryptoCurrencySee Post

Banking Giant HSBC refers to XRP as "a Game-Changer" in real-time transactions and cross-border settlements. This in reference to their activities of over 3M inter-company transactions worth $250B per year and as a replacement for Central Bank currencies. The XRP case suddenly gets more interesting.

r/CryptoCurrencySee Post

Swift plans to transfer tokenized assets across blockchain [This is massive! They understand the significance of crypto]

r/CryptoCurrencySee Post

White House to build international standards for DLT

r/CryptoCurrencySee Post

Asset manager Abrdn hints at tokenization plans using Hedera DLT.

r/CryptoCurrencySee Post

How Crypto can fix scientific research: DeSci for Web3 Builders: Supporting legitimacy in the DLT industry

r/CryptoCurrencySee Post

UAE Finance Authority Proposes DLT Legal Framework – BCCN3

r/CryptoCurrencySee Post

Andrew Griffith, MP & economic secretary to UK Treasury has put together a working group to explore fund tokenization, the use of AI, DLT & blockchain. ABRDN, a governing council member for Hedera (HBAR) has been ahead of the curve & an early adopter of this tech.

r/CryptoCurrencySee Post

SEC Reopens Comment Period for Proposed Amendments to Exchange Act Rule 3b-16 and Provides Supplemental Information. "The reopening release reiterated the applicability of existing rules to platforms that trade crypto asset securities, including so-called “DeFi” systems"

r/CryptoMoonShotsSee Post

Why HBAR is Poised to Soar to the Moon: A Look at Hedera Hashgraph's Potential

r/BitcoinSee Post

Crypto Debunked by US : I read US President Economic Report 2023 so that you don't have to .

r/CryptoCurrencySee Post

Crypto Debunked by US : I read US President Economic Report 2023 so that you don't have to .

r/CryptoMarketsSee Post

Hedera Hashgraph: The Sleeping Giant in CryptoMarkets – Why HBAR Deserves Your Attention Now

r/CryptoCurrencySee Post

Citi says tokenized securities could hit $5 trillion, over 4x today's total crypto market, by 2030

r/CryptoMoonShotsSee Post

Hedera Hashgraph's Triple Success this week only: Government Recognition, Network Upgrade, and Fresh Supply Co's Pivotal Migration

r/CryptoMarketsSee Post

Triple Triumph for Hedera: US Government Recognition, Network Upgrade on the Horizon, and Fresh Supply Co's Major Migration from Mastercard's Blockchain

r/CryptoCurrencySee Post

Google is using HBAR to build enterprise-grade DLT applications, such as supply chain management, fraud detection, and financial services.

r/BitcoinSee Post

Italy introduces a simplified regulation to "allow DLT market infrastructures to develop solutions for the trading and settlement of cryptocurrency transactions falling within the definition of financial instruments" and "to gain experience on opportunities and risks related to crypto-assets"

r/CryptoCurrencySee Post

The internet as we know it will fundamentally transform. What is currently a centralized, siloed Web 2.0, will morph into a decentralized, shared, and interconnected Web 3.0, in which AI machine learning, blockchain and distributed ledger technology (DLT) play an integral role.

r/CryptoCurrencySee Post

The DLT Science Foundation Makes its Public Launch.

r/CryptoCurrencySee Post

The DLT Science Foundation (DS) is the world largest independent public benefit entity committed to funding $160M over 5 years earmarked for supporting impact initiatives involving and using DLT by making grants to leading education organizations, developers and startups.

r/CryptoCurrencySee Post

Best blockchain/DLT for MMORPGs in terms of scalability, security, and large user base?

r/CryptoCurrencySee Post

The death of the "speculative" and "m00nboi" crypto mindset...

r/CryptoCurrencySee Post

Bank of Italy selectively encouraging DLT preparing for MiCA, governor says

r/CryptoCurrencySee Post

How they are killing crypto without anyone noticing.

r/CryptoCurrencySee Post

The Hedera network in on track to process 1 BILLION transactions every 20 days

r/CryptoCurrencySee Post

🏃‍♀️🏃‍♀️🏃‍♀️Run away from tokens/projects claiming to create a decentralized blockchain for real estate

r/CryptoCurrencySee Post

How does institutional adoption looks? Fortune 500 company leveraging a public DLT to trace on their connected product cloud items for end-to-end carbon footprint traceability.

r/CryptoCurrencySee Post

$1500 DeSci Coin Giveaway and AMA w/ Curecoin, Gridcoin, Etica

r/CryptoCurrencySee Post

Astra Nova, the Meta-RPG game building on UE5, has moved development from Ethereum to the Hedera network (HBAR).

r/CryptoCurrencySee Post

Could a bunch of people in a room set up a manual "blockchain (or other DLT)"?

r/CryptoCurrencySee Post

What is Blockchain? A look at Distributed Ledger Tech (DLT) vs Blockchain vs Bitcoin

r/CryptoCurrencySee Post

Blockchain will revolutionize the world with its utility. The company leading the pack on this rollout, DLT Labs in Toronto Canada. Walmarts using them!

r/CryptoCurrencySee Post

DeRec ---- Decentralized Recovery and Custody --- This will be a game changer for all of crypto.

r/CryptoCurrencySee Post

What to expect in 2023H1 in cryptoverse

r/CryptoCurrencySee Post

Decentralized Recovery: the private key to mass adoption

r/CryptoCurrencySee Post

IOTA Chosen as For EU Commercial DLT Solutions

r/CryptoCurrencySee Post

Interview with the co-founder of DLT Hub, Canary Wharf, London

r/CryptoMoonShotsSee Post

Discover Galileo Protocol | NFT Protocol For Physical Assets | First Quant Network QRC-20 Token Sale | Public Sale and Seed round are now LIVE on LCX!

r/CryptoMoonShotsSee Post

Galileo Protocol introduces NFT Protocol For Physical Assets | First Quant Network QRC-20 Token Sale | Seed round and Public sale are now LIVE!

r/CryptoMoonShotsSee Post

Galileo Protocol: NFT Protocol For Physical Assets - First Quant Network QRC-20 Token Sale - Public Sale and seed round are now LIVE!

r/CryptoMoonShotsSee Post

Galileo Protocol: NFT Protocol For Physical Assets - First Quant Network QRC-20 Token Sale - Public Sale and seed round are now LIVE!

r/CryptoMoonShotsSee Post

Galileo Protocol: NFT Protocol For Physical Assets - First Quant Network QRC-20 Token Sale - Public Sale and seed round are now LIVE!

r/BitcoinSee Post

European Central Bank says Bitcoin is dying.

r/CryptoCurrencySee Post

ServiceNow Series E78: Nicola Attico, Blockchain/DLT Solution Engineer – Innovation & Strategy Office at ServiceNow

r/CryptoCurrencySee Post

When discussing regulation you have to differentiate between the many different categories of Crypto. The biggest problem with regulation is it will want to remove decentralization.

r/CryptoCurrencySee Post

FTX’s catastrophic collapse is a sign Crypto is in the middle of its very own Dotcom Crash – here’s why

r/CryptoCurrencySee Post

Thoughts on the Bank of International Settlement conclusion regarding its view on Crypto?

r/CryptoCurrencySee Post

Supply chain waste report from Avery Dennison. A leading crypto adopter from the fortune 500 side. AD has its eyes on DLT networks to solve the missing billions that plague our chains and resulting in unnecessary waste.

r/CryptoCurrencySee Post

The Times | How blockchain could replace paper trail for importers - UK trialing DLT for complete digital border trading overhaul

r/CryptoCurrencySee Post

Cetif has developed a platform to support the financial industry in the management of the entire bond/guarantee lifecycle. Bringing benefits in terms of digitization of processes such as the elimination of paper, timely alignment between counterparties, reduction of costs/steps and fraud prevention.

r/CryptoCurrencySee Post

Built on Hedera - Verde Blocks to Bring Businesses the First End-to-End, DLT-Enabled Platform for Purchasing Renewable Energy

r/CryptoCurrencySee Post

I’ll be speaking live on Twitter with Dan Hughes the founder of Radix DLT on November 19th. Feel free to come and listen and learn about next gen Defi.

r/CryptoCurrencySee Post

Blockchain node – a friend or a foe?

r/CryptoCurrencySee Post

What are the best Blockchain / DLT / DAG projects in 2022 and beyond?

r/SatoshiStreetBetsSee Post

IOTA receives another EU grand to work on circularity research via DLT

r/CryptoMoonShotsSee Post

Crazy Internet Coin - CIC chain - Hybrid L1 blockchain | The most intelligent smart contract platform on the planet | WenDEX launched

Mentions

https://x.com/hedera/status/1815046579549589992?s=46 Upcoming session, @chainlink: 🇭🇰 Hong Kong | Aug 2 | 3-6PM HKT "Unlocking Innovations and Maximizing #Web3 Technology" Connect with and hear from industry leaders driving the transformation of traditional finance through innovative applications of #DLT, featuring representatives from @chainlinklabs, @awscloud, and @The_Hashgraph.

Mentions:#DLT

https://x.com/hedera/status/1815046579549589992?s=46 Upcoming session, @chainlink: 🇭🇰 Hong Kong | Aug 2 | 3-6PM HKT "Unlocking Innovations and Maximizing #Web3 Technology" Connect with and hear from industry leaders driving the transformation of traditional finance through innovative applications of #DLT, featuring representatives from @chainlinklabs, @awscloud, and @The_Hashgraph.

Mentions:#DLT

I smell a larp because I know I wouldn’t spend time on this app had I made it but you do you man. Do me a favor and watch any of these “The Future Is ON” segments on Chainlink YouTube channel. These people aren’t grifting, they work at the biggest FIs in the world. This isn’t 2010-2016 anymore. The coke you bought on Silk Road wasn’t the peak usecase of DLT.

Mentions:#DLT

TL;DR Eviden, a company with a yearly revenue of €5b, announces their Digital Passport Solution in collaboration with the IOTA Foundation and powered by IOTA technology. This is one of the first ready-to-use Blockchain-based Digital Product Passports (DPPs) on the market and the first of its scale to use IOTA’s technology as its Blockchain engine. This new EDPS can be used for a wide range of products across various industries, such as manufacturing, automotive, fashion and textiles, and food and beverages. It can also be used for many other cross-industry use cases such as a Media Passport for example which protects intellectual property, or a Logistic Product Passport which enables transparent documentation and reliable track & trace capabilities. "Together with the IOTA Foundation, we are proud to announce this unique partnership and to launch a joint production-ready blockchain-based Digital Passport solution, ‘powered by IOTA’, which is aligned and in full compliance with the EU legal framework. Not only does IOTA’s DLT provide efficiency gains over traditional ways of interacting but more importantly this decentralized, transparent, and incorruptible technology creates an open, fair and secure infrastructure which builds trust” - Udo Littke, Head of Eviden Central Europe

Mentions:#IOTA#DLT

Who says you can’t? What you have to understand is that financial institutions were never going anywhere. They will and are involving themselves with Blockchain/DLT.

Mentions:#DLT

Intense cope here. Experiments and POCs are last cycle, they haven’t sniffed production because it’s outdated tech, there’s not even Smart contract capability on XRPL. No one will adopt that. And funny you bring up DTCC. Search “DTCC Smart NAV” and find out actually exciting DLT tech in 2024

Mentions:#DLT

Lots of people hold their crypto on exchanges and effectively use exchanges as banks. Shouldn't those funds be fdic insured? We know better, but there are a lot of people that don't value self custody as highly as we do. Crypto can't live in a bubble if it's going to truly be adopted. Plus at the end of the day, it's tech. Institutions will use as they see fit. There's no point in kicking and screaming and being ideological about these things. One of the things I hate about this space is the cult like groups that have formed. It's technology, not a religion. An institution will have the capital and the means to make it more accessible to the consumer. If they do it on a DLT, ideally, their actions will be easily monitored. So I welcome them, and I hope congress forces them to use public blockchains so everyone can audit their movements.

Mentions:#DLT

The basis for most “AI” projects is really just computation power. Hardly an innovation on DLT imo but claiming its special then throwing a buzzword onto it seems to convince the media enough

Mentions:#DLT

Lol wow over 200k crypto Tx's, wow you must be so smart, now I know your too young to give advice so thanks but no thanks. I don't need the help of some liar. If you are so retired then what are you doing on here "helping me" huh? Its in your username. "Degenerate" was never used back in the days of mt gox and local bitcoins. I used to drive to a bank and deposit cash into someone's account and then come back and upload proof just to buy bitcoins while you were still sucking on some titties that were definitely related to you. If you want to act all high and mighty guy, go ahead and please tell me the difference between a DAG, Blockchain, PoS, PPoW, gossip about gossip protocols on hashgraph ledgers or anything relevant to DLT? Go ahead and chat gpt all that up because I can tell a liar when I read one.

Mentions:#DAG#DLT

It is not just a re-verification process though. It is an asset transfer (in addition to all of your transaction data) to some no name company called DLT Finance, that you are basically forced to agree on. I mean, seriously, check their web-site. [dlt-finance.com](http://dlt-finance.com) Would you voluntary send this company anything more that a few bucks?

Mentions:#DLT

Liebe deutsche Kraken-Nutzer, ich bin betroffen von der vorzeitigen Schließung von Positionen bei der Migration zu DLT Finance und erwäge eine Sammelklage gegen Kraken. Wenn Sie ähnliche Probleme hatten und an einer gemeinsamen rechtlichen Vorgehensweise interessiert sind, melden Sie sich bitte bei mir. Ihre Teilnahme könnte helfen, unsere Chancen auf Wiedergutmachung zu erhöhen. Mit freundliche Grüßen, SK Dear German Kraken Users, I am affected by the premature closure of positions during the migration to DLT Finance and am considering a class action lawsuit against Kraken. If you have experienced similar issues and are interested in a collective legal approach, please contact me. Your participation could increase our chances of obtaining compensation. Best Regards, SK

Mentions:#DLT

Liebe deutsche Kraken-Nutzer, ich bin betroffen von der vorzeitigen Schließung von Positionen bei der Migration zu DLT Finance und erwäge eine Sammelklage gegen Kraken. Wenn Sie ähnliche Probleme hatten und an einer gemeinsamen rechtlichen Vorgehensweise interessiert sind, melden Sie sich bitte bei mir. Ihre Teilnahme könnte helfen, unsere Chancen auf Wiedergutmachung zu erhöhen. Mit freundliche Grüßen, SK Dear German Kraken Users, I am affected by the premature closure of positions during the migration to DLT Finance and am considering a class action lawsuit against Kraken. If you have experienced similar issues and are interested in a collective legal approach, please contact me. Your participation could increase our chances of obtaining compensation. Best Regards, SK

Mentions:#DLT

Liebe deutsche Kraken-Nutzer, ich bin betroffen von der vorzeitigen Schließung von Positionen bei der Migration zu DLT Finance und erwäge eine Sammelklage gegen Kraken. Wenn Sie ähnliche Probleme hatten und an einer gemeinsamen rechtlichen Vorgehensweise interessiert sind, melden Sie sich bitte bei mir. Ihre Teilnahme könnte helfen, unsere Chancen auf Wiedergutmachung zu erhöhen. Mit freundliche Grüßen, SK Dear German Kraken Users, I am affected by the premature closure of positions during the migration to DLT Finance and am considering a class action lawsuit against Kraken. If you have experienced similar issues and are interested in a collective legal approach, please contact me. Your participation could increase our chances of obtaining compensation. Best Regards, SK

Mentions:#DLT

Liebe deutsche Kraken-Nutzer, ich bin betroffen von der vorzeitigen Schließung von Positionen bei der Migration zu DLT Finance und erwäge eine Sammelklage gegen Kraken. Wenn Sie ähnliche Probleme hatten und an einer gemeinsamen rechtlichen Vorgehensweise interessiert sind, melden Sie sich bitte bei mir. Ihre Teilnahme könnte helfen, unsere Chancen auf Wiedergutmachung zu erhöhen. Mit freundliche Grüßen, SK Dear German Kraken Users, I am affected by the premature closure of positions during the migration to DLT Finance and am considering a class action lawsuit against Kraken. If you have experienced similar issues and are interested in a collective legal approach, please contact me. Your participation could increase our chances of obtaining compensation. Best Regards, SK

Mentions:#DLT

Liebe deutsche Kraken-Nutzer, ich bin betroffen von der vorzeitigen Schließung von Positionen bei der Migration zu DLT Finance und erwäge eine Sammelklage gegen Kraken. Wenn Sie ähnliche Probleme hatten und an einer gemeinsamen rechtlichen Vorgehensweise interessiert sind, melden Sie sich bitte bei mir. Ihre Teilnahme könnte helfen, unsere Chancen auf Wiedergutmachung zu erhöhen. Mit freundliche Grüßen, SK Dear German Kraken Users, I am affected by the premature closure of positions during the migration to DLT Finance and am considering a class action lawsuit against Kraken. If you have experienced similar issues and are interested in a collective legal approach, please contact me. Your participation could increase our chances of obtaining compensation. Best Regards, SK

Mentions:#DLT

I just moved the rest of my assets on Kraken to a hardware wallet. Not sure, if this would be possible after 4th July without re-verification. I might re-verify later. But also I will sign up to some new exchanges. In other threads on reddit I read some rather concerning things about DLT Finance (that it might be a "Briefkasten Firma" and that people could not find it listed on the BaFin website as it should be). I really hope, everything is legit, and that Kraken will improve its communication here. Until now I was always feeling well and safe with Kraken. But this is just not handled properly (also too quick).

Mentions:#DLT

hey pluto why do you hate german customers so much? Can you stop partnering with DLT or wtf that is

Mentions:#DLT

#Hedera Con-Arguments Below is a Hedera con-argument written by a deleted user. > Hedera Hashgraph is Delware Limited Liability Company. > > **It's also a Directed Acyclic Graph DLT that uses a leaderless asynchronous BFT algorithm with virtual voting.** This is the same as Fantom, which is also a a Directed Acyclic Graph DLT that uses a leaderless asynchronous BFT algorithm with virtual elections. The main difference between the two is that Hedera is governed by a permissioned Council of 26 (up to 39) while Fantom is mostly decentralized. > > Hedera has [3-5 second deterministic finality](https://hedera.com/hbar), which is noticeably slower than Fantom's 2-second finality, but is still very fast. > > Hedera was launched in 2019 as a centralized DLT targeting institutional and enterprise companies. It is not meant for the retail sector and has almost no DeFi activity. > > ##Semi-Centralized Proof-of-Authority DLT > > - Hedera uses **Proof-of-Authority** (PoA). It has [semi-centralized governance](https://docs.hedera.com/guides/core-concepts/hashgraph-consensus-algorithms) controlled by the 26 (up to 39) members of the governing council, made up of [publicly-known companies](https://docs.hedera.com/guides/mainnet/mainnet-nodes), and the 7 board of directors. The council each control their own permissioned validator used for consensus. > - New members of the [council are approved by majority vote](https://files.hedera.com/Hedera_COUNCIL-OVERVIEW_2022_JUNE.pdf), and existing ones may be removed by 2/3 vote. Council members can serve 3-9 years consecutively before they have to take a 3-year break. > - There are barely any public details about the staking power of any of the nodes. There is also a Nothing-at-Stake issue because there is no slashing or economic punishments. They may get kicked kicked off the council for misbehaving, but there's no economic disincentive. > - The code was proprietary software that no one was allowed to fork, and it was closed source up until 2022. > - Its nodes have extremely [high enterprise-level requirements](https://docs.hedera.com/guides/mainnet/mainnet-nodes/node-requirements). 5 TB NVMe drives, a $10K NVIDIA Telsa V100 GPU, a 1 Gbps sustained network, Google Cloud Compute Engine VM. These specs are so high that they completely outclass Solana validator requirements. > - Every node has a dedicated GCP IP address, making Google Cloud Platform a possible a single point failure for outages. > > Hedera is designed to be controlled by a conglomerate. Hedera supporters truly believe that is still considered decentralized because they do not believe it's likely publicly-known companies will collude and misbehave. I do not think that design fits well with the crypto community, but acknolwedge that there is a niche community that embraces Proof-of-Authority. > > ##Untrustworthy documentation > > * Much of Hedera's documentation isn't based on the current state of Hedera Hashgraph, but on its ideal state. > * It says it has [a fully decentralized governing body](https://hedera.com/prescription)", which is misleading since they use a 26-member pre-authorized Governing Council. > * It calls itself a "[proof-of-stake public distributed ledger](https://hedera.com/learning/hedera-hashgraph/what-is-hedera-hashgraph)", but it's actually controlled by the governing council and uses Proof-of-Authority. The public hasn't been able to stake (other than the questionable "proxy staking") on it since Hedera's launch 3 years ago. > * For comparison, VeChain is more decentralized than Hedera Hashgraph with its 101 authority nodes and [publicly-available data on their nodes](https://vechainstats.com/authority-nodes/). But at least VeChain is honest about being Proof-of-Authority and even calls itself a [compromise between centralization and decentralization](https://docs.vechain.org/thor/learn/proof-of-authority.html) in their documentation. > * **Real Throughput**: 10K TPS is extremely misleading because it doesn't take into account EVM smart contracts. It published those metrics in 2019, when the smart contact throughput [was 10 TPS](https://ercwl.medium.com/hedera-hashgraph-time-for-some-fud-9e6653c11525), and that was the throughput for Hedera up until Smart Contracts 2.0 released in early 2022. > * Unfortunately, there are no good real estimations for max throughput because Hedera lacks dApps and is a ghost town. It's not congested and regularly sees 5-30 TPS without dApps, so it doesn't get pushed to its limits. With the introduction of Hedera Token Service, Hedera has now somewhat caught up to the misleading documentation it had for 3 years. HTS has an upper limit of 10K TPS, but not everything is going to use it, and [smart contract transactions are throttled at 350 TPS](https://docs.hedera.com/guides/mainnet). Some actions, like TopicCreate and AccountCreate transactions on Hedera are down to 2-5 TPS. We don't know what a real performance is going to look like until Hedera builds up its DeFi presence. What we do know is that it's going to be well below 10K TPS and that it was dishonest with throughput documentation prior this year. > > > ##Horrible Tokenomics > > - There is 38% expected supply inflation in 2022, 50% inflation in 2023, and a [whopping 83% inflation in 2024](https://messari.io/asset/hedera-hashgraph/profile/supply-schedule). I'm very skeptical that the retail sector investing in Hedera is aware of how quickly the circulating supply is increasing and has priced that in. > - Only 42% of the supply has currently been released, guaranteeing high inflation for years down the line > - Hedera very likely passes the Howey Test and would be considered a security asset. It is controlled by a council of 26 companies with a large investment of staked HBAR. Holders of HBAR have an expectation of profit derived from the work of Hedera Hashgraph. > - Nearly [50% of the supply](https://messari.io/asset/hedera-hashgraph/profile/supply-schedule) has gone to employees and the foundation. The majority of the rest (40%) is going to the Hedera Treasury. > - The tokenomics a lot like a giant cash grab ICO that will have years of high inflation. That's extremely scary for a retail investor. > - The 50B token maximum should not be trusted at all and likely will not hold. Those validator nodes that control governance are not cheap and will not run themselves freely once the supply limit is reached. By putting an arbitrarily-high supply, they've simply pushed governance change for tokenomics to be dealt with in the future. > > ##Other > > - DeFi is practically non-existent on Hedera, not surprising since it was built centralized. According to both DefiLlama and DappRadar, Hedera has only one notable DeFi project: Stader. Hedera's [total DeFi TVL of $40M](https://defillama.com/chain/Hedera) is less than 1000x smaller than [Ethereum's](https://defillama.com/chains) and 25x smaller than the nearly-identical Fantom's, which has over 100 DeFi projects on it. > - Hedera uses a [predictable fee schedule](https://docs.hedera.com/guides/mainnet/fees). Token transfers are very cheap at $0.0001. Smart contracts gas fees are considerably more expensive at $0.05 to $1. That's actually really expensive for a 25-node centralized service, but the high fees aren't too surprising because it uses EVM, which is known to be inefficient. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_hedera) to find submissions for other topics.

#Hedera Pro-Arguments Below is a Hedera pro-argument written by a deleted user. > Hedera Hashgraph is Delware Limited Liability Company. > > **It's also a Directed Acyclic Graph DLT that uses a leaderless asynchronous BFT algorithm with virtual voting.** Hedera is governed by a permissioned council of 26 (up to 39) companies. It was launched in 2019 as a centralized DLT targeting institutional and enterprise companies. It is not meant for the retail sector and has almost no DeFi activity. > > I had to dig pretty hard to find Pros arguments for Hedera. > > **High performance** > > - Hedera has [3-5 second deterministic finality](https://hedera.com/hbar), which is very fast. > - Hedera [was a 10 TPS smart contract network](https://ercwl.medium.com/hedera-hashgraph-time-for-some-fud-9e6653c11525), but that changed after Smart Contracts 2.0 and Hedera Token Service were released in early 2022. Its network is currently not congested and regularly sees 5-30 TPS without dApps, so it doesn't get pushed to its limits. HTS has an upper limit of 10K TPS with [smart contract transactions throttled at 350 TPS](https://docs.hedera.com/guides/mainnet). Theoretically, that is very fast, but keep in mind that we don't have any real metrics of what Hedera's network would look like under full DeFi load. > - Hedera uses a [predictable fee schedule](https://docs.hedera.com/guides/mainnet/fees). Token transfers are very cheap at $0.0001. Smart contracts gas fees are considerably more expensive at $0.05 to $1 depending on the contract, but that's still cheaper than Ethereum (as long as the Hedera network is being subsidized by high inflation). > - Hedera has [extremely low energy consumption](https://hedera.com/blog/power-transition-blockchain-sustainability-hedera-hashgraph), using up ~1% of the energy consumption of the average US household. > > **Strong niche following** > > - Hedera is a **Proof-of-Authority** (PoA) network. It has [semi-centralized governance](https://docs.hedera.com/guides/core-concepts/hashgraph-consensus-algorithms) controlled by the 26 (up to 39) members of the governing council, made up of [publicly-known companies](https://docs.hedera.com/guides/mainnet/mainnet-nodes), and the 7 board of directors. The council members each control their own permissioned validator used for consensus. > - The concept of being controlled by a conglomerate of tech companies clashes with the cypherpunk movement. **However, Hedera supporters truly believe that this is the ideal decentralized network because they believe a > consortium of publicly-known companies will never collude and misbehave, risking damage to reputation.** There aren't many PoA networks of this design, so it barely has any direct competitors. It has cornered this niche market. After visiting the Hedera sub, it is evident that they truly love their network and will defend it to the bone. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_hedera) to find submissions for other topics.

Mentions:#DLT#BFT#HTS

Kraken was the best. Till Mica comes across Europe. Now german customers kicked out to DLT Finance and have to do again KYC

Mentions:#DLT

#Hedera Con-Arguments Below is a Hedera con-argument written by a deleted user. > Hedera Hashgraph is Delware Limited Liability Company. > > **It's also a Directed Acyclic Graph DLT that uses a leaderless asynchronous BFT algorithm with virtual voting.** This is the same as Fantom, which is also a a Directed Acyclic Graph DLT that uses a leaderless asynchronous BFT algorithm with virtual elections. The main difference between the two is that Hedera is governed by a permissioned Council of 26 (up to 39) while Fantom is mostly decentralized. > > Hedera has [3-5 second deterministic finality](https://hedera.com/hbar), which is noticeably slower than Fantom's 2-second finality, but is still very fast. > > Hedera was launched in 2019 as a centralized DLT targeting institutional and enterprise companies. It is not meant for the retail sector and has almost no DeFi activity. > > ##Semi-Centralized Proof-of-Authority DLT > > - Hedera uses **Proof-of-Authority** (PoA). It has [semi-centralized governance](https://docs.hedera.com/guides/core-concepts/hashgraph-consensus-algorithms) controlled by the 26 (up to 39) members of the governing council, made up of [publicly-known companies](https://docs.hedera.com/guides/mainnet/mainnet-nodes), and the 7 board of directors. The council each control their own permissioned validator used for consensus. > - New members of the [council are approved by majority vote](https://files.hedera.com/Hedera_COUNCIL-OVERVIEW_2022_JUNE.pdf), and existing ones may be removed by 2/3 vote. Council members can serve 3-9 years consecutively before they have to take a 3-year break. > - There are barely any public details about the staking power of any of the nodes. There is also a Nothing-at-Stake issue because there is no slashing or economic punishments. They may get kicked kicked off the council for misbehaving, but there's no economic disincentive. > - The code was proprietary software that no one was allowed to fork, and it was closed source up until 2022. > - Its nodes have extremely [high enterprise-level requirements](https://docs.hedera.com/guides/mainnet/mainnet-nodes/node-requirements). 5 TB NVMe drives, a $10K NVIDIA Telsa V100 GPU, a 1 Gbps sustained network, Google Cloud Compute Engine VM. These specs are so high that they completely outclass Solana validator requirements. > - Every node has a dedicated GCP IP address, making Google Cloud Platform a possible a single point failure for outages. > > Hedera is designed to be controlled by a conglomerate. Hedera supporters truly believe that is still considered decentralized because they do not believe it's likely publicly-known companies will collude and misbehave. I do not think that design fits well with the crypto community, but acknolwedge that there is a niche community that embraces Proof-of-Authority. > > ##Untrustworthy documentation > > * Much of Hedera's documentation isn't based on the current state of Hedera Hashgraph, but on its ideal state. > * It says it has [a fully decentralized governing body](https://hedera.com/prescription)", which is misleading since they use a 26-member pre-authorized Governing Council. > * It calls itself a "[proof-of-stake public distributed ledger](https://hedera.com/learning/hedera-hashgraph/what-is-hedera-hashgraph)", but it's actually controlled by the governing council and uses Proof-of-Authority. The public hasn't been able to stake (other than the questionable "proxy staking") on it since Hedera's launch 3 years ago. > * For comparison, VeChain is more decentralized than Hedera Hashgraph with its 101 authority nodes and [publicly-available data on their nodes](https://vechainstats.com/authority-nodes/). But at least VeChain is honest about being Proof-of-Authority and even calls itself a [compromise between centralization and decentralization](https://docs.vechain.org/thor/learn/proof-of-authority.html) in their documentation. > * **Real Throughput**: 10K TPS is extremely misleading because it doesn't take into account EVM smart contracts. It published those metrics in 2019, when the smart contact throughput [was 10 TPS](https://ercwl.medium.com/hedera-hashgraph-time-for-some-fud-9e6653c11525), and that was the throughput for Hedera up until Smart Contracts 2.0 released in early 2022. > * Unfortunately, there are no good real estimations for max throughput because Hedera lacks dApps and is a ghost town. It's not congested and regularly sees 5-30 TPS without dApps, so it doesn't get pushed to its limits. With the introduction of Hedera Token Service, Hedera has now somewhat caught up to the misleading documentation it had for 3 years. HTS has an upper limit of 10K TPS, but not everything is going to use it, and [smart contract transactions are throttled at 350 TPS](https://docs.hedera.com/guides/mainnet). Some actions, like TopicCreate and AccountCreate transactions on Hedera are down to 2-5 TPS. We don't know what a real performance is going to look like until Hedera builds up its DeFi presence. What we do know is that it's going to be well below 10K TPS and that it was dishonest with throughput documentation prior this year. > > > ##Horrible Tokenomics > > - There is 38% expected supply inflation in 2022, 50% inflation in 2023, and a [whopping 83% inflation in 2024](https://messari.io/asset/hedera-hashgraph/profile/supply-schedule). I'm very skeptical that the retail sector investing in Hedera is aware of how quickly the circulating supply is increasing and has priced that in. > - Only 42% of the supply has currently been released, guaranteeing high inflation for years down the line > - Hedera very likely passes the Howey Test and would be considered a security asset. It is controlled by a council of 26 companies with a large investment of staked HBAR. Holders of HBAR have an expectation of profit derived from the work of Hedera Hashgraph. > - Nearly [50% of the supply](https://messari.io/asset/hedera-hashgraph/profile/supply-schedule) has gone to employees and the foundation. The majority of the rest (40%) is going to the Hedera Treasury. > - The tokenomics a lot like a giant cash grab ICO that will have years of high inflation. That's extremely scary for a retail investor. > - The 50B token maximum should not be trusted at all and likely will not hold. Those validator nodes that control governance are not cheap and will not run themselves freely once the supply limit is reached. By putting an arbitrarily-high supply, they've simply pushed governance change for tokenomics to be dealt with in the future. > > ##Other > > - DeFi is practically non-existent on Hedera, not surprising since it was built centralized. According to both DefiLlama and DappRadar, Hedera has only one notable DeFi project: Stader. Hedera's [total DeFi TVL of $40M](https://defillama.com/chain/Hedera) is less than 1000x smaller than [Ethereum's](https://defillama.com/chains) and 25x smaller than the nearly-identical Fantom's, which has over 100 DeFi projects on it. > - Hedera uses a [predictable fee schedule](https://docs.hedera.com/guides/mainnet/fees). Token transfers are very cheap at $0.0001. Smart contracts gas fees are considerably more expensive at $0.05 to $1. That's actually really expensive for a 25-node centralized service, but the high fees aren't too surprising because it uses EVM, which is known to be inefficient. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_hedera) to find submissions for other topics.

#Hedera Pro-Arguments Below is a Hedera pro-argument written by a deleted user. > Hedera Hashgraph is Delware Limited Liability Company. > > **It's also a Directed Acyclic Graph DLT that uses a leaderless asynchronous BFT algorithm with virtual voting.** Hedera is governed by a permissioned council of 26 (up to 39) companies. It was launched in 2019 as a centralized DLT targeting institutional and enterprise companies. It is not meant for the retail sector and has almost no DeFi activity. > > I had to dig pretty hard to find Pros arguments for Hedera. > > **High performance** > > - Hedera has [3-5 second deterministic finality](https://hedera.com/hbar), which is very fast. > - Hedera [was a 10 TPS smart contract network](https://ercwl.medium.com/hedera-hashgraph-time-for-some-fud-9e6653c11525), but that changed after Smart Contracts 2.0 and Hedera Token Service were released in early 2022. Its network is currently not congested and regularly sees 5-30 TPS without dApps, so it doesn't get pushed to its limits. HTS has an upper limit of 10K TPS with [smart contract transactions throttled at 350 TPS](https://docs.hedera.com/guides/mainnet). Theoretically, that is very fast, but keep in mind that we don't have any real metrics of what Hedera's network would look like under full DeFi load. > - Hedera uses a [predictable fee schedule](https://docs.hedera.com/guides/mainnet/fees). Token transfers are very cheap at $0.0001. Smart contracts gas fees are considerably more expensive at $0.05 to $1 depending on the contract, but that's still cheaper than Ethereum (as long as the Hedera network is being subsidized by high inflation). > - Hedera has [extremely low energy consumption](https://hedera.com/blog/power-transition-blockchain-sustainability-hedera-hashgraph), using up ~1% of the energy consumption of the average US household. > > **Strong niche following** > > - Hedera is a **Proof-of-Authority** (PoA) network. It has [semi-centralized governance](https://docs.hedera.com/guides/core-concepts/hashgraph-consensus-algorithms) controlled by the 26 (up to 39) members of the governing council, made up of [publicly-known companies](https://docs.hedera.com/guides/mainnet/mainnet-nodes), and the 7 board of directors. The council members each control their own permissioned validator used for consensus. > - The concept of being controlled by a conglomerate of tech companies clashes with the cypherpunk movement. **However, Hedera supporters truly believe that this is the ideal decentralized network because they believe a > consortium of publicly-known companies will never collude and misbehave, risking damage to reputation.** There aren't many PoA networks of this design, so it barely has any direct competitors. It has cornered this niche market. After visiting the Hedera sub, it is evident that they truly love their network and will defend it to the bone. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_hedera) to find submissions for other topics.

Mentions:#DLT#BFT#HTS

> Security in DLT usually means safety+liveness Oh good catch. I got 'safety' and 'security' mixed up. > About the economy of scale, high BPS is also the answer. That's a good point. High BPS would solve the jackpot problem and the biggest reason for pools. ------------ I often feel like Bitcoin is holding back the rest of the crypto development and progress. It's like the giant sequoia tree that's blocking out sun and resources needed for newer plants to grow. I appreciate it for bringing cryptocurrencies into the world, but I think if it were to disappear now, the future for the world would be better since that would allow newer cryptocurrencies with better protocols to flourish. First mover advantage is such a hard obstacle to overcome. How do smaller communities fight against this narrative? Even /r/CryptoCurrency is slowly becoming ossified against altcoins that are not BTC or ETH. I see plenty of genuine altcoin threads where the poster is quickly labeled a shill, and it's a shame this is happening.

> "Security threshold" has a rather specific definition for PoS DLTs. It usually means the % of stake the attacker needs in order to finalize valid blocks against the will of honest validators (e.g. for court-ruled censorship). This could also allow them to reorg the network for the blockchains that allow for it. Security in DLT usually means safety+liveness. A 51% attacker can I definitely stall the network without consequence, hence the network has no liveness whereby no security. I agree the safety threshold is higher in PoS, but this isn't necessarily a good thing, exactly because it makes liveness attacks easier. > But this doesn't mean that larger staking pools have a tendency to get larger over time. It does. PoS has a rich-get-richet dynamic which is a huge problem. > Most of the large PoW and PoS networks have been actively trying to break up their largest staking pools or decentralize them with a DAO. The main things stopping them are economies of scale. My opinions is that this is a fool's errand. Best thing you can do is make pool foulplay quickly noticable by high BPS. This is very well motivated game theoretically, since foulplay necessarily means reduced profit for pool users  About the economy of scale, high BPS is also the answer. While ASICs are indeed an economy of scale, you can argue that the block delay is a linear factor of this scale (essentially because having X times higher BPS means a miner needs X times smaller fraction of the global hashrate to see the same amount of blocks), so I consider high BPS a solution to this as well  > it's easier to be a small solo staker (smaller ongoing cost, and many protocols pay out small amounts just for validating) than it is to be a small solo miner (requires winning the lottery) Again, I do not believe this is true due to high BPS. Bitcoin can accommodate 144 solo miners/pools with daily revenue, 10BPS Kaspa can accommodate 864000 such miners. Some evidence that this dynamic translates to real economy is that even though there are very large Kaspa ASICs available, the smallest one is still the best selling unit. The high BPS creates demand for small machines by decentralizing mining, and that's when the mainnet is running on 10BPS and the total Capex is bearing half a billion dollars. A single KS0 costs less than 500$ and is currently enough to solo mine a weekly block on average.

Mentions:#DLT#DAO#BPS

tldr; Morpheus.Network, a Canadian company specializing in supply chain management and blockchain technology, has been selected to join the second cohort of the European Blockchain Sandbox (EBSI). In partnership with ReLOG3P, an Italian startup, Morpheus.Network aims to support the UN Agenda 2030 and the EU’s sustainability goals by creating a fully automated certificate management system. This system, utilizing distributed ledger technology (DLT), will replace manual processes with digital solutions to ensure trust in certificates and verifiable data for fair trade and sustainability standards. The initiative is designed to enhance supply chain transparency, efficiency, and compliance, supporting sustainability and compliance initiatives. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Mentions:#DLT#DYOR

Hbar will only moon if enterprise level businesses use it as a DLT. If enterprise doesn’t take off, the coin is kinda just gonna die out. It’s my 3rd biggest holding after btc/eth because i’m betting on enterprise crypto adoption in the next decade, but it could totally just not happen if it’s not profitable/worth it for large companies to use it.

Mentions:#DLT

--- PART 4 --- Finality Shorter finality is better. "Most PoW consensus protocols allow for reorgs and only have probabilistic finality. Many PoS consensus protocols have instant finality, while others have a hybrid finality that allow reorgs up to a certain depths limit. However, this will be different for every blockchain/DLT." You mean deterministic finality, instant finality is something else. One thing you have to understand is that there isn't really such a thing as deterministic finality. You can buy the best safe in the world, and I would still have a minuscule chance to correctly guess your combination. In cryptography, we always have some confidence parameter. The security of PoW bounds the probability that a reorg can happen the same way that a cryptographer chooses the size of the key space. Saying that a PoW chain has "finality" means that the probability of a reorg vanishes exponentially fast as a function of time. Saying it has "instant finality" means that the coefficient of the exponent becomes smaller as the network latency does. "PoW mining pool protocols provide no protection or detection against withholding attacks, which are the most common type of 51% attacks. An attacker can even execute one with well under 50% of the network hash rate due to selfish mining." Selfish mining does not mean that an attacker can revert with less than 50% of the hash rate. That's a common misconception. Selfish mining is an attack on another property called "chain quality". It essentially means that large miners can mine more blocks than represented by the fraction of the hashrate. In theory, a 34% attacker can mine more than 50% of the blocks. So why is this not a double spend attack? Because the attack necessarily piggybacks on honest blocks, so it can't reorg them out. Interestingly, a selfish mining attack is quite measurable. The attack requires the attacker to post two successive valid blocks at the exact same time. Afaik, no selfish mining attacks on Bitcoin were ever recorded. Selfish mining attacks on Kaspa are extremely complicated and very unprofitable. "In general, it's so hard to attack PoS that the only times we've ever seen it happen are due to accidental client bugs." "Accidental client bugs" are an extremely huge concern, it is very baffling that you would downplay them this much. Proof-of-stake typically has an extremely intricate structure that is very hard to solidify. Exploits are a huge concern, and a very reasonable criticism of PoS.

Mentions:#PART#DLT

**Smart Contracts**: Looking at [their roadmap](https://kaspa.org/the-kaspa-community-and-the-exploration-of-smart-contracts/), native smart contracts is very hard to accomplish. It would require re-writing the entire code base. The other option of making Kaspa a sequencer with Ethereum as the settlement layer is much easier to accomplish. But then why use Kaspa in the first place if you're just going to convert it to an Ethereum L2 rollup/sidechain? Would the community be fine with that? **Finality vs Confirmations** I noticed the Kaspa website mentions instant finality. That's incorrect. I'm not sure why it hasn't been corrected. Confirmations on Kaspa are very fast (1-2s average according to the [Block Explorer](https://explorer.kaspa.org/)). But confirmations are not the same as finality. Finality is the amount of time one should wait before being confident a transaction or block will not reorg. In GHOST consensus, blocks can reorg. GHOSTDAG doesn't allow blocks to reorg, but individual transactions that are conflicting can reorg. It's possible to turn a red block into a blue block. And it's possible for an attacker (either malicious or an honest one that has slow network connection) to send conflicting transactions simultaneously to nodes building on 2 different blocks. Time to finality depends on many factors. The more secure the consensus protocol, the shorter the finality time. The video mentions at 1:12:00 that Kaspa needs (k + n) confirmations for an equivalent block security to Bitcoin. Around 1:12:45 in the video, Wyborski mentions roughly 50 confirmations are needed for high-value transactions and ~10 confirmations for low-value transactions. That's with 10s blocks (8 min finality). With 2s blocks, I'd expect it to be 5x that number (or maybe it's the sqrt(5)). But I'm not 100% certain on this because the exact formula for k and finality are not mentioned in the video or whitepaper. The indirect formulas used to calculate k are way beyond calculus and too advanced for me to understand. ##**PoW vs PoS** There are only 3 main types of consensus attacks: * reorgs - cause blocks or transactions to revert * censorship - block transactions * cause grief - no purpose other than to cause chaos For both PoW and PoS, attacks can't be used to steal crypto or spend crypto that is not owned by the attacker since valid transaction signatures are still necessary, and nodes check that. The most dangerous type of attack are double-spends related to reorgs. Nodes sometimes check for double-spends, but miners and validators are usually forced to allow them as long as they don't break consensus. PoS solves a very important security risk of PoW, which is that PoW attackers do not have anything at stake when they attack. If 2 different blockchains mine using the SHA256 algorithm, miners from the larger blockchain can switch over to the smaller blockchain, attack it at only the cost of electricity. It would be a trivial attack. This has happened many, many times before, which is why PoW is only as secure as its energy security budget. In addition, the mining budget is usually many orders of magnitude smaller than the value of the blockchain. So there is an economic incentive to spend a small amount to steal a larger amount. Miners don't necessarily hold much the cryptocurrency, so they lose very little attacking it. Griefing attacks are extremely common during blockchain wars. Ethereum PoW and Bitcoin SV were successfully many times in a single year. For PoS, attacking the network requires the attacker to hold the native currency of the network. So if they attack, it hurts themselves. There is little economic incentive to attack a PoS network. Nearly all PoS networks have a liveness threshold under 33%, and security threshold over 67%. Which means that if an attack happened, it would likely first trigger the liveness threshold and cause the network to stop running (or stop finality) well before security failed. > I find intuitively it makes more sense that PoW is more secure because anyone get electricity to become a miner, but not everyone can get the coins, making PoS veer towards something insular. That actually makes PoS much more secure. An attacker would have to spend an increasing amount of money trying to buy up more tokens to attack the network. The more the attacker buys, the more the price is driven up. And current holders of the token wouldn't attack themselves. It's suicidal. **Finality** Shorter finality is better. Most PoW consensus protocols allow for reorgs and only have probabilistic finality. Many PoS consensus protocols have instant finality, while others have a hybrid finality that allow reorgs up to a certain depths limit. However, this will be different for every blockchain/DLT. **Mining and Staking Pools** This is a complex topic and the biggest risk equally to both PoW and PoS. The big caveat is that for both PoW and PoS attacks, the attacker greatly benefits if mining/staking pools are used, because then they're not risking their own assets. Current PoW mining pool protocols provide no protection or detection against withholding attacks, which are the most common type of 51% attacks. An attacker can even execute one with well under 50% of the network hash rate due to selfish mining. Current PoS staking pool protocols are usually extremely resistant to attacks, especially since many of them use smart contracts. However, this is a very complex topic. In general, it's so hard to attack PoS that the only times we've ever seen it happen are due to accidental client bugs.

r/BitcoinSee Comment

Opting out too, DLT Finance GmbH is way too shady. Also that it is a GmbH (max liability 25k €) is quite a joke. This exchange is run by DLT Finance / DLT Securities too, great reviews: [https://de.trustpilot.com/review/bsdex.de](https://de.trustpilot.com/review/bsdex.de) BSDEX Partners: [https://www.bsdex.de/de/institutions/participants/](https://www.bsdex.de/de/institutions/participants/) I also dislike the way Kraken managed this very much. Initial announcement was only 30days before required action and CLOSED POSITIONS. How shall one plan his trades like this? How about people with bonded stakes up to 28 days unbonding period. No holiday trip allowed, check your account EVERY DAY! This is a warning for all other foreign (not US) Kraken users, especially in Europe. Your positions might be closed in just 30 days without a timely announcement because Kraken decides to not apply for licenses itself but rather trusts your crypto to shady third parties with less functionality.

Mentions:#DLT#EVERY

There's a lot of missing documentation for Kaspa, which makes it hard to research it. Half the pages on their Github (https://github.com/kaspanet/docs) are still Work in Progress, so I don't have a full picture of it. This is what I've found in my own research: Facts: * **Consensus**: * uses PoW for sybil resistance * uses PHANTOM GHOSTDAG for consensus (a DAG variation of Ethereum's GHOST protocol) * **Transactions**: * uses UTXOs for transaction type * does not support smart contracts * Needs a very high number of confirmations for finality (1000+ confimrations, 100+ minutes?, this needs fact verification) * Extremely cheap Tx fees, practically free * **Blocks** * is DAG DLT * has 1-3s average block times * has very small blocks (usually 1-3 Tx per block) * **Tokenomics** * has no premine * has a 28.7B supply cap, has monthly (1/12th halvings) effectively providing 1 halving per year * Other * There is a community building KRC-20 tokens, which are similar to JSON-format BRC-20 tokens, and nothing like smart-contract ERC-20 tokens. https://docs.kasplex.org/protocols/krc-20-tokens/basic-operation/deploy * Does not support DeFi * Founder is Yonatan Sompolinsky, who is responsible for inventing Ethereum's GHOST consensus protocol **Notes and Opinions**: * In general, DAGs are much faster and more efficient than blockchains, with the downside that they're more complex. Nodes need to put in more effort to make sure transactions are ordered without double-spends. * GHOST is more efficient than Bitcoin's version of PoW because it does not waste orphaned/stale blocks. This is important for DLTs with fast block times. * In general, PoW is less secure than PoS, but PoW has more censorship resistance and higher liveness than PoS. I would expect PoS DAGs like Nano and IOTA to be more secure but less resistant to liveness attacks than KASPA. * Kaspa does not natively support smart contracts or DeFi. It can emulate it off-chain in the same way than Ordinals and Inscriptions have emulated tokenization on Bitcoin. But that's nothing like true DeFi. * I'm not sure about how many confirmations is needed for probabilistic finality. Normally, this would be covered under documentation, but Kaspa doesn't have documentation on this. This needs to be determined by running through the complex math from its whitepaper with the current block times (1-3s). * I'm concerned about the lack of documentation and block explorers. There is one block explorer, and it's missing a lot of basic features. There is not a lot of community infrastructure for Kaspa. **Overall**, I would treat Kaspa as a much better version of Bitcoin (much faster block times, cheaper transaction fees, high throughput, much more efficient). But that's not much of a compliment since nearly EVERY blockchain is better than Bitcoin. Protocol-wise, GHOST provides similar security to Bitcoin's heaviest-weight. But that's about all it does: just basic transfers. It doesn't support smart contracts or DeFi while many other blockchains do. So I think this limits the growth potential for Kaspa.

Im asking this purely because ECB is already in the test phase for their DLT settlement of wholesale transactions in central bank money using 3 different systems and Ripple is not one of them. Tests started about a month ago and will last for 6 months.

Mentions:#DLT

It hits me like a nuke. Robinhood. ROBINHOOD!! I dont find the words for it. Aa german user it hits me twice. Kraken kicks us away to german DLT-Office. And now Bitstamp will be same s**t like RH. Users here are so fu**ed up with that. RH is same s**t like Trade Republic, Plus500, etoro and so on. Unbelievable. U N B E L I V A B L E!

Mentions:#DLT

That sounds really tough. It's unfortunate that these new regulations are pushing people away from exchanges they trust. The transition to DLT Finance seems to be causing a lot of uncertainty. Interestingly, while regulations in the US are getting better, it seems some countries in the EU, like Ireland and Switzerland are a bit more open. I hope things get sorted out soon.

Mentions:#DLT

American living in Germany, been here for almost 11 years now. I'm being forced out essentially. I can't use any exchange now due to my complicated tax situation. My full German friends are also leaving Kraken because they don't trust DLT Finance.

Mentions:#DLT

That's an interesting point! It could very well be related to the new regulations in Germany. If holders are moving their assets to comply with the DLT Finance requirements, that would explain the significant outflows. Anyone from Germany here seeing similar trends or have more insights? 🌐💼

Mentions:#DLT

Mod updates: 1. ⁠Moon Week 49 is now live! Please vote so we can progress to distribution after the next Moon Week! https://www.reddit.com/r/CryptoCurrency/s/HiK4wmfSvj 2. ⁠Latest Reddit r/CryptoCurrency AMA - Radix DLT June 5th 2024 at 11:30am UTC. With Radix, users can confidently use Web3 and DeFi to manage their assets and identities. Giveaway of $50 worth of XRD to 1 lucky participant. Radix burned 1,575 moons to host this. https://www.reddit.com/r/CryptoCurrency/s/pMu1sVCCRJ

Mentions:#DLT#XRD

>bet DLT finace will get hacked and go bancrupt at the crash at the end of this cycle. In that case a compensation by the exchange seems possible, no? I mean the exchange is registered officially, I guess.

Mentions:#DLT

hey krakensupport, everyone preaches DYOR, but you partner with DLT in Germany, the sketchiest company ever. Are you like suicidal?

Mentions:#DYOR#DLT

BSDEX seems to be low fees and spread. Made an account recently and will send all my coins when this DLT bullshit really happens. Kraken it was a good time, but now f you :)

Mentions:#DLT

Maybe these are the holdings of the Germans that are forced to use DLT Finance in 4 days.

Mentions:#DLT

The price action of XRP doesn’t tell the story and I believe this is a deliberate strategy in which Ripple has been using their escrow (token reserves) to sell into strength to keep the price stable because people like you and me want quick returns and will overlook it or get shaken out of conviction by the next shiny new toy. The simple fact is XRP isn’t built for you and me (consumers), it’s built for the international banking system institutions and it won’t reach full adoption until there is regulatory clarity which they’ve been fighting for via litigation which will soon come to a close. If you do a bit of research and understand legalese you’ll see that Ripple is currently fighting disclosure of their client list they had to produce during discovery citing ‘competitive concerns’. If you research beyond that you can find they’ve been piloting XRP’s DLT with the who’s who of international finance including the BIS and the wire-houses on Wall Street who’ve spoken about them at industry think tank conferences, WEF in Davos etc. I’m far from a tin-foil hat person but where there is smoke there is usually fire. You have to ask yourself why perceived Main Street investors would keep $30b of capital tied up in this ‘zombie project’ returning single digit margins keeping it in the top 10 without merit? I believe it is because this is Wall Streets sleeping giant that will boom once the final lynchpin (US reg clarity) is complete. I might be wrong, but this is one coin I would rather be caught with than caught without because the risk/return is so asymmetrical.

Mentions:#XRP#DLT#BIS

I would guess Germans running away ? Kraken partnered with some 3rd party "DLT finance" to provide liquidity for Germans and it means this 3rd party can get all the informations about users. Deadline is in 5 days to do another KYS and accept new ToS or withdraw everything somewhere else

Mentions:#DLT

European law. There are other exchanges compliant with European law that require less intrusive KYC and who don't partner with a shady company like DLT.

Mentions:#DLT

Bye bye Kraken....was fun as long as it lasted.. but i am not going to get KYC'd again with a shady company as DLT Finance. No way. Coinbase has a BaFin License too and it works like a charm as a company registered in Germany. For years now. This is such a shot in the foot by Kraken, i don't get it why they do it this way. Sad.

Mentions:#DLT

I liked Kraken for many reasons, but I leave now. They keep repeating DLT finance is BaFin regulated in every second sentence, but it is not listed as custodian at BaFin. https://portal.mvp.bafin.de/database/InstInfo/sucheForm.do?institutName=&institutId=&institutBakNr=&institutRegNr=&kategorieId=28&sucheButtonInstitut=Suche What does BaFin regulation mean for security anyway? I bet DLT finace will get hacked and go bancrupt at the crash at the end of this cycle. I'm quite angry about this.

Mentions:#DLT

German client here. I don't know what the fuck is up with Kraken, but I had to do a complete KYC verification again. I don't know why this is necessary an what are the benefits. They only tell you some nonsense marketing bullshit that DLT Finance will be the next big thing... Now we see the first effect: Monero will be unsupported. I have a feeling that the best times for Kraken are over.

Mentions:#DLT

Mod updates: 1. ⁠Moon Week 49 is now live! Please vote so we can progress to distribution after the next Moon Week! https://www.reddit.com/r/CryptoCurrency/s/HiK4wmfSvj 2. ⁠Latest Reddit r/CryptoCurrency AMA - Radix DLT June 5th 2024 at 11:30am UTC. With Radix, users can confidently use Web3 and DeFi to manage their assets and identities. Giveaway of $50 worth of XRD to 1 lucky participant. Radix burned 1,575 moons to host this. https://www.reddit.com/r/CryptoCurrency/s/pMu1sVCCRJ

Mentions:#DLT#XRD

Mod updates: 1. Moon Week 49 is now live! Please vote so we can progress to distribution after the next Moon Week! https://www.reddit.com/r/CryptoCurrency/s/HiK4wmfSvj 2. Latest Reddit r/CryptoCurrency AMA - Radix DLT June 5th 2024 at 11:30am UTC. With Radix, users can confidently use Web3 and DeFi to manage their assets and identities. Giveaway of $50 worth of XRD to 1 lucky participant. Radix burned 1,575 moons to host this. https://www.reddit.com/r/CryptoCurrency/s/pMu1sVCCRJ

Mentions:#DLT#XRD

Radix DLT burned 1,575 moons to host this AMA. Transaction: https://arbiscan.io/tx/0x1e0e301b4dac1734618282b5285666d4310ad8bb5b261171e6ed660bb7733175

Mentions:#DLT

I just dont have BTC as much of a certainty as others do for two major reasons really. 1. Quantum computing 2. Regulations. At the end of the day BTC is just a DLT like all the others. Pretty much every product in the world must meet certain energy efficacy requirements, i dont think it'll be any different for BTC. It might be as simple as having to buy carbon offsets to be carbon neutral, but that would blow out transaction costs to such an extent its future becomes questionable at best.

Mentions:#BTC#DLT

Nope, I will not. I have no interest in doing business with DLT. It's a shame, I've been using Kraken for over a decade now and it's been my favorite exchange for a reason.

Mentions:#DLT
r/BitcoinSee Comment

I posted about this lately. I unfortunately did reverify, then found out that this DLT company is very shady, I did my own small research to confirm that, the verification didn’t work though, although I did the webID verification. I regret doing the webID verification. God knows what would this DLT company do with my information.

Mentions:#DLT
r/BitcoinSee Comment

If you re-verify, your info is going to be handed to the DLT. That's another party that gains access to your data.

Mentions:#DLT
r/BitcoinSee Comment

People fear that DLT will be more lenient in forwarding your data / trades etc. Also the asset offering will be decreased, specifically derivatives. If you are fine with buying on CEX and deploy buy and hold strategy then the change doesn't matter much.

Mentions:#DLT#CEX

Ask and you shall receive > Their new verification is overstepping it. Most intrusive shit I have ever seen. I doubt that it's necessary in this form. They just want to collect data, so that this shady DLT company can make some extra money. Krakens verification process is a) absolutely in line with regular investment products identity verification, b) not thought up by Kraken but by the regulators of the country they operate in. So both, your claim that's they're overstepping it and that it's very intrusive is just a stupid uninformed panicky claim. Your doubt about its necessity is equally unfounded and uninformed. Your claim that there's some conspiracy to collect data to make money off is again utter bullshit and easily disproven by the fact that it's not even Kraken nor DLT collecting this data but a verification company. So, again, as I said: you're rather dumb but seemed very sure in what you originally said which made it quite funny to me.

Mentions:#DLT

Their new verification is overstepping it. Most intrusive shit I have ever seen. I doubt that it's necessary in this form. They just want to collect data, so that this shady DLT company can make some extra money.

Mentions:#DLT

And their questions are horrible. I wonder if this is compliant with the strict privacy and data protection laws in Germany. I had to do the verification process twice because... I don't really know, they somehow fckd it up. Anyway, I will move my funds out within the next months and not come back. And this DLT Finance is such a shady company. Everyone in crypto says "DYOR" but obviously kraken did not. I think all the praise that u/krakenexchange received here had a bad effect. Now they think they can abuse their positive reputation without consequences. Damn wrong they are.

Mentions:#DLT#DYOR

I ordered my cold wallet last week because of this. And I feel much better. Oh and some assets will not be supported under DLT Finance anymore. I was happy with kraken, fk EU fk Germany and dlt finance.

Mentions:#DLT

> Puff piece to promote using DTCC, ClearStream, EuroClear's services and infrastructure Given those FMIs are responsible for hundreds of trillions of dollars worth of annual securities settlement, I'd say it's probably a pretty big deal, and a final, fatal blow to the last remaining stragglers on the "there is no use case for DLT" side.

Mentions:#DLT

First of all, we would become a first social platform in the world with integrated CBDC's, we have just a few months before Digital Hryvnia launch in Ukraine, based on Stellar DLT, as we are. Days after the launch all our users would have it in wallets to try and use. Such features like token-as-a-service and LifeToken - would develop and scale up internal financial infrastructure of Sl8 platform, allowing users to invest in tokens of communities, businesses and even individual talent. Social network-as-a-service feature allows to build up separate social networks within Sl8 social platform, with their own rules, moderation team, own token and tokenomics, own AI models etc.

Mentions:#DLT
r/BitcoinSee Comment

Kraken is regulated in Ireland. DLT Finance is regulated by the Bafin. No where would a German tax authority get access to information to more easily?

Mentions:#DLT
r/CryptoCurrencySee Comment

Well said....i already moved everything out...DLT is a nogo.

Mentions:#DLT
r/CryptoCurrencySee Comment

u/krakenexchange has been one of the best exchanges, but it's history now. At least for German users. Their new verification process is the most annoying, intrusive, privacy abusing disaster I've ever came across in crypto. Annyoing questions, takes ages, needs to be repeated becasue they are too dumb to get it right, and so on. Don't even start this craziness. Furthermore, their new partner DLT has a sketchy reputation in Germany. These idiots cannot even get the required legal disclaimers right, lol. And even worse, from July on many cryptos will be delisted on kraken. Also, no more staking for the most popular ones like USDT and USDC. Time to move to an exchange that cares about its users and offers what people want. RIP Kraken.

r/CryptoCurrencySee Comment

You should check out Radix DLT. They're working on linearly scaling TPS. Recently got 100k+ swaps per second on their test net. With the speed they're going it's probably still a year away from mainnet but they're planning on 1M... eventually

Mentions:#DLT
r/CryptoCurrencySee Comment

I think a huge portion of Algo bag holders are rooting for hedera as well....we love them and most of us own pretty nice stashes of it...DLT and DAG exposure

Mentions:#DLT#DAG
r/CryptoCurrencySee Comment

The response was already provided in my previous reply (you somehow just chose to ignore it). Again, you're demonstrating lack of basic understanding of the tech stack, and you're simply copy pasting narratives. You're choosing to deflect (by using non-existing personal attacks) from addressing the simple premise of DLT. I'll teach you something for free today, that ChatGPT or Monero boards won't tell you: Verifiability requires a minimum level of traceability in order to increase its confidence level. The decision comes in how far is the designer willing to trade-off the confidence levels of verification in order to enable anonymity. This is simply how technology works, regardless if your narrative likes this fact or not. There is not privacy in DLT by design, you're confusing it with anonymity and id obfuscation.

Mentions:#DLT
r/CryptoCurrencySee Comment

There are 10 BaFin licensed crypto asset custodians [https://portal.mvp.bafin.de/database/InstInfo/sucheForm.do?institutName=&institutId=&institutBakNr=&institutRegNr=&kategorieId=28&sucheButtonInstitut=Suche](https://portal.mvp.bafin.de/database/InstInfo/sucheForm.do?institutName=&institutId=&institutBakNr=&institutRegNr=&kategorieId=28&sucheButtonInstitut=Suche) and DLT isn't one of them.

Mentions:#DLT
r/CryptoCurrencySee Comment

It's important to address several misconceptions in your comments: 1. **Privacy-Centric Cryptocurrencies Exist**: The claim that the entire premise behind cryptocurrency is verifiability and not privacy overlooks the existence and purpose of privacy-focused cryptocurrencies like Monero (XMR). Monero is designed specifically to provide privacy using techniques such as ring signatures, stealth addresses, and confidential transactions, which obscure transaction details and make them difficult to trace. 2. **Verifiability vs. Traceability**: There's a significant difference between verifiability and traceability. While the Monero network can verify that a transaction is valid and the sum of inputs equals the sum of outputs, it does not mean the transaction is traceable. Monero achieves verifiability without compromising privacy, ensuring that transaction details remain confidential. 3. **Technological Claims and Future Predictions**: Speculating that Monero's privacy features will eventually be cracked does not account for the continuous development and enhancements made by Monero's team. While no system is completely impervious to advances in technology or new cryptanalysis methods, Monero's development team actively works to strengthen its privacy protocols. Future vulnerabilities remain speculative and are not guaranteed. 4. **Current Research**: The mention of Finnish scientists claiming to have discovered a method to trace Monero should be viewed with caution. Research in this area often involves theoretical models that may not work in practical, real-world scenarios. Until such methods are peer-reviewed and proven effective in practical applications, these claims remain speculative. 5. **Understanding DLT Fundamentals**: Monero adheres to Distributed Ledger Technology (DLT) principles but has innovated on these fundamentals to prioritize privacy. DLT can support a variety of use cases, including privacy-centric applications like Monero. By focusing on these points, we can appreciate that Monero and similar privacy-focused cryptocurrencies are valid and essential innovations within the crypto space.

Mentions:#XMR#DLT
r/CryptoCurrencySee Comment

Read again what I wrote, it is not the complete opposite, it is in fact based on the same premise, the ledger needs to be able to verify the sender, the receiver and the amount (aka: the tx details) and add them to a block. If you understood the tech stack, you wouldn't make the puerile mistake displayed above. What you're basing your argument on, is the fact that nobody has yet been able to successfully reverse engineer it. Just because someone has yet to successfully reverse engineer it does not mean that XMR's protocol magically just changed the core tech fundamentals of DLT. And by the way, much like anything else in tech, it's just a matter of time until XMR gets cracked. It's probably going to take a while because XMR has talented devs behind it, and there's no real incentive to do attack XMR *(outside of IRS nobody is really trying to fund it, and serious blackhat hackers won't get out of bed for what they currently offer*), but we've seen this play out before in tech, it keeps happening for the last 40 years or so. You should study more what you're talking about.

Mentions:#XMR#DLT
r/BitcoinSee Comment

Strange concept. Why would bitcoin be like the internet. It's a DLT (fintech). Decentralised apps are the internet. Maybe read up on different ecosystems

Mentions:#DLT
r/CryptoCurrencySee Comment

https://www.dtcc.com/-/media/Files/Downloads/DTCC-Connection/Smart_NAV-Report.pdf > Pilot to evaluate the feasibility and industry value of delivering a DLT-based price. We see an opportunity to potentially expand the scope of the pilot - Crypto Project pays company to do a pilot - Creates hype - 1 year, 2 years, 5 years later nothing materializes out of this We've seen this play out over and over again. Yet people keep falling for the same crypto hype tactic, over and over again. I've lost count of the number of banks, tech companies and governments that Ripple, Stellar, IOTA, Factom, Vechain, etc did pilot programs and partnerships with. Chainlink itself had pilots with Swift, collaborations with Google, etc. But there is no evidence that any of these pilots will ever materialize into anything or bring value and demand for the token. On the other hand, LINK price has gone from $20 in August 2020 to $14 today with Sergey Nazarov having dumped ~240,000,000 tokens on the market over that period. Bagholders who bought into the hype not only missed out on bullrun gains but are down -30% since 2020. Since there there is no demand or need for the token and Chainlink "Foundation" has 450,000,000 to dump, why would anyone buy this knowing what the inevitable token dumps do to the price?

r/CryptoCurrencySee Comment

Runs on Hedera. Remember, Hedera is the clear winner for mass enterprise adoption of public DLT. Whichever network wins that will go to the moon. Inverse this subreddit. > The SKUx Digital Payments Platform is designed to enable seamless virtual payments to consumers anytime, anywhere, regardless of the business objective. It allows companies to engage directly with their customers by delivering a client branded real-time, Visa digital payment to a mobile device. Built on a highly sophisticated modern platform architecture, SKUx Digital Payments leverages Hedera’s leading enterprise distributed ledger technology (DLT) to track the issuance and redemption of payments, providing unparalleled transparency in reporting.

Mentions:#DLT
r/CryptoCurrencySee Comment

Hello u/Strange_Ad6270! Thank you for reaching out. DLTF is focused on enterprise solutions like the one they are offering Kraken. DLT Securities GmbH is regulated as an investment firm by the German Federal Financial Supervisory Authority (BaFin) and DLT Custody GmbH was granted a preliminary Crypto Asset Custodian License by the German Federal Financial Supervisory Authority (BaFin). They offer regulated crypto trading and custody services. Please review the initial announcement email sent out on May 6th for detailed information on DLT Finance. Feel free to ask any further questions you may have. Take Care, Rosa 🐙

Mentions:#DLT
r/CryptoCurrencySee Comment

#Hedera Con-Arguments Below is a Hedera con-argument written by a deleted user. > Hedera Hashgraph is Delware Limited Liability Company. > > **It's also a Directed Acyclic Graph DLT that uses a leaderless asynchronous BFT algorithm with virtual voting.** This is the same as Fantom, which is also a a Directed Acyclic Graph DLT that uses a leaderless asynchronous BFT algorithm with virtual elections. The main difference between the two is that Hedera is governed by a permissioned Council of 26 (up to 39) while Fantom is mostly decentralized. > > Hedera has [3-5 second deterministic finality](https://hedera.com/hbar), which is noticeably slower than Fantom's 2-second finality, but is still very fast. > > Hedera was launched in 2019 as a centralized DLT targeting institutional and enterprise companies. It is not meant for the retail sector and has almost no DeFi activity. > > ##Semi-Centralized Proof-of-Authority DLT > > - Hedera uses **Proof-of-Authority** (PoA). It has [semi-centralized governance](https://docs.hedera.com/guides/core-concepts/hashgraph-consensus-algorithms) controlled by the 26 (up to 39) members of the governing council, made up of [publicly-known companies](https://docs.hedera.com/guides/mainnet/mainnet-nodes), and the 7 board of directors. The council each control their own permissioned validator used for consensus. > - New members of the [council are approved by majority vote](https://files.hedera.com/Hedera_COUNCIL-OVERVIEW_2022_JUNE.pdf), and existing ones may be removed by 2/3 vote. Council members can serve 3-9 years consecutively before they have to take a 3-year break. > - There are barely any public details about the staking power of any of the nodes. There is also a Nothing-at-Stake issue because there is no slashing or economic punishments. They may get kicked kicked off the council for misbehaving, but there's no economic disincentive. > - The code was proprietary software that no one was allowed to fork, and it was closed source up until 2022. > - Its nodes have extremely [high enterprise-level requirements](https://docs.hedera.com/guides/mainnet/mainnet-nodes/node-requirements). 5 TB NVMe drives, a $10K NVIDIA Telsa V100 GPU, a 1 Gbps sustained network, Google Cloud Compute Engine VM. These specs are so high that they completely outclass Solana validator requirements. > - Every node has a dedicated GCP IP address, making Google Cloud Platform a possible a single point failure for outages. > > Hedera is designed to be controlled by a conglomerate. Hedera supporters truly believe that is still considered decentralized because they do not believe it's likely publicly-known companies will collude and misbehave. I do not think that design fits well with the crypto community, but acknolwedge that there is a niche community that embraces Proof-of-Authority. > > ##Untrustworthy documentation > > * Much of Hedera's documentation isn't based on the current state of Hedera Hashgraph, but on its ideal state. > * It says it has [a fully decentralized governing body](https://hedera.com/prescription)", which is misleading since they use a 26-member pre-authorized Governing Council. > * It calls itself a "[proof-of-stake public distributed ledger](https://hedera.com/learning/hedera-hashgraph/what-is-hedera-hashgraph)", but it's actually controlled by the governing council and uses Proof-of-Authority. The public hasn't been able to stake (other than the questionable "proxy staking") on it since Hedera's launch 3 years ago. > * For comparison, VeChain is more decentralized than Hedera Hashgraph with its 101 authority nodes and [publicly-available data on their nodes](https://vechainstats.com/authority-nodes/). But at least VeChain is honest about being Proof-of-Authority and even calls itself a [compromise between centralization and decentralization](https://docs.vechain.org/thor/learn/proof-of-authority.html) in their documentation. > * **Real Throughput**: 10K TPS is extremely misleading because it doesn't take into account EVM smart contracts. It published those metrics in 2019, when the smart contact throughput [was 10 TPS](https://ercwl.medium.com/hedera-hashgraph-time-for-some-fud-9e6653c11525), and that was the throughput for Hedera up until Smart Contracts 2.0 released in early 2022. > * Unfortunately, there are no good real estimations for max throughput because Hedera lacks dApps and is a ghost town. It's not congested and regularly sees 5-30 TPS without dApps, so it doesn't get pushed to its limits. With the introduction of Hedera Token Service, Hedera has now somewhat caught up to the misleading documentation it had for 3 years. HTS has an upper limit of 10K TPS, but not everything is going to use it, and [smart contract transactions are throttled at 350 TPS](https://docs.hedera.com/guides/mainnet). Some actions, like TopicCreate and AccountCreate transactions on Hedera are down to 2-5 TPS. We don't know what a real performance is going to look like until Hedera builds up its DeFi presence. What we do know is that it's going to be well below 10K TPS and that it was dishonest with throughput documentation prior this year. > > > ##Horrible Tokenomics > > - There is 38% expected supply inflation in 2022, 50% inflation in 2023, and a [whopping 83% inflation in 2024](https://messari.io/asset/hedera-hashgraph/profile/supply-schedule). I'm very skeptical that the retail sector investing in Hedera is aware of how quickly the circulating supply is increasing and has priced that in. > - Only 42% of the supply has currently been released, guaranteeing high inflation for years down the line > - Hedera very likely passes the Howey Test and would be considered a security asset. It is controlled by a council of 26 companies with a large investment of staked HBAR. Holders of HBAR have an expectation of profit derived from the work of Hedera Hashgraph. > - Nearly [50% of the supply](https://messari.io/asset/hedera-hashgraph/profile/supply-schedule) has gone to employees and the foundation. The majority of the rest (40%) is going to the Hedera Treasury. > - The tokenomics a lot like a giant cash grab ICO that will have years of high inflation. That's extremely scary for a retail investor. > - The 50B token maximum should not be trusted at all and likely will not hold. Those validator nodes that control governance are not cheap and will not run themselves freely once the supply limit is reached. By putting an arbitrarily-high supply, they've simply pushed governance change for tokenomics to be dealt with in the future. > > ##Other > > - DeFi is practically non-existent on Hedera, not surprising since it was built centralized. According to both DefiLlama and DappRadar, Hedera has only one notable DeFi project: Stader. Hedera's [total DeFi TVL of $40M](https://defillama.com/chain/Hedera) is less than 1000x smaller than [Ethereum's](https://defillama.com/chains) and 25x smaller than the nearly-identical Fantom's, which has over 100 DeFi projects on it. > - Hedera uses a [predictable fee schedule](https://docs.hedera.com/guides/mainnet/fees). Token transfers are very cheap at $0.0001. Smart contracts gas fees are considerably more expensive at $0.05 to $1. That's actually really expensive for a 25-node centralized service, but the high fees aren't too surprising because it uses EVM, which is known to be inefficient. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_hedera) to find submissions for other topics.