News Hedera Hashgraph launches new testing for high-speed blockchain alternative

Hedera Hashgraph launches new testing for high-speed blockchain alternative


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Hedera Hashgraph, an enterprise-grade blockchain alternative that raised $100 million last year, has begun a new stage of testing for its fast and secure public ledger technology.

The Dallas-based company said it will begin phase two of its community testing program on May 13, allowing developers and users to test different network capabilities prior to open access for its mainnet (platform for commerce).

The company also announced that it has launched open source iOS and Android versions of the Hedera Wallet, as well as the Hedera Browser Extension and WordPress Plug-In.

Hedera Hashgraph has also joined the open cryptocurrency platform Hyperledger and will be using the Hyperledger Fabric to launch its new product suite, which consists of the Hedera Wallet, Hedera Browser Extension, and Hedera WordPress Plug-In.

These applications will all be available to users in this community testing phase to enable micropayments on the Hedera network.

“Community testing is invaluable to the success of Hedera. Phase II of our Community Testing Program marks another milestone for us,” said CEO Mance Harmon in a statement. “Early on, we saw the potential for hashgraph to make micropayments a reality, processing thousands of transactions per second, making it the ideal distributed ledger to reshape online services. Phase I of this program concluded earlier this year, and we are excited to build on this progress.”

Hedera Hashgraph launches new testing for high-speed blockchain alternative

Above: Hedera Hashgraph is creating a blockchain alternative.

Image Credit: Hedera Hashgraph

From May 13th, users will have the opportunity to test the Hedera network’s capability in performing and verifying micropayments and smart contracts. Hedera will make over 200 million HBAR tokens available to those who test the network, providing an opportunity for both the hashgraph developer community and individual users to earn tokens for their contributions.

“As we work to bring Hedera to life, we want feedback and contributions from our incredible developer community, so that we can disrupt the tech world together,” Harmon said. “Achieving micropayments through Hedera will lead us to a future where personal data is no longer exchanged for online services and where monthly subscriptions are no longer the norm. Enormous industries are on the brink of change.”

The Hedera whitepaper can be found here.

Lastly, Hedera Hashgraph and Chainlink announced that they will collaborate to integrate Chainlink’s decentralized oracle network with Hedera’s enterprise-grade distributed public ledger. This will allow developers writing Hedera-based smart contracts to access real-world data, events, and payment information.

Chainlink and Hedera said they are setting the standard for trust and enabling the next generation of smart contracts to become the primary method for establishing digital agreements.

Source: VentureBeat


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