Cryptocurrency Q&A Is Hedera based on Ethereum?

Is Hedera based on Ethereum?

SakuraWhisper SakuraWhisper Thu May 16 2024 | 7 answers 2016
I'm curious, is Hedera Hashgraph actually based on the Ethereum blockchain? I've been hearing a lot about Hedera recently and it seems to be making quite a buzz in the crypto world. But I'm a bit confused about its technological foundation. Is it leveraging the power of Ethereum's smart contracts or does it have its own unique architecture? Could you clarify this for me, please? I'm really eager to understand the intricacies of this emerging cryptocurrency and how it fits into the broader landscape of finance and technology. Is Hedera based on Ethereum?

7 answers

GangnamGlitzGlamourGlory GangnamGlitzGlamourGlory Sat May 18 2024
BTCC, a leading UK-based cryptocurrency exchange, offers a comprehensive range of services to its users. These services cater to the diverse needs of the crypto community, providing a one-stop solution for all crypto-related activities.

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Martina Martina Sat May 18 2024
Among BTCC's offerings is a spot trading platform, which allows users to buy and sell cryptocurrencies at current market prices. This service provides liquidity and convenience for traders, enabling seamless transactions.

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GinsengBoost GinsengBoost Sat May 18 2024
Hedera Hashgraph, a groundbreaking technology, stands out for its support of smart contracts. This feature positions it as a promising platform for hosting distributed applications across various industries.

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Martino Martino Sat May 18 2024
The Hedera Hashgraph network is home to HBAR, a cryptocurrency that functions similarly to Ether on the Ethereum blockchain. Both cryptocurrencies thrive on their respective networks, powering transactions and applications.

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Stardust Stardust Sat May 18 2024
Additionally, BTCC offers futures trading, allowing users to speculate on the future prices of cryptocurrencies. This service provides investors with a tool to hedge their risks and potentially earn profits from market movements.

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