Hedera Hashgraph DLT Platform Becomes Available For Testing
Hedera Hashgraph, the platform based on distributed ledger technology, has launched a testing program for its users, ETHNews reports.
The community received the opportunity not only to test the Hedera mainnet but also to create third-party apps on it, earning up to 1000 HBAR (the internal crypto of the platform). The Hedera wallet, the Daily Timestamp content website, and the micropayment extension in Chrome are also available in the test mode.
Hedera Hashgraph differs from various other networks in that it is not a blockchain — the technology was created with the help of a directed acyclic graph (DAG). All its nodes can run the same consistent algorithm in it. Each new transaction confirms several previous ones, establishing a network resembling a “tree”. The developers claim that thanks to the DAG structure, the platform can process hundreds of thousands of transactions per second, which is many times more compared to the Bitcoin and Ethereum networks.
At the first stage, the testing program will focus on micropayments, Christian Hasker, Hedera marketing director, stated. Besides, the company hopes for feedback from the community and obtaining information about the operation of its wallets, account settings, and the application of the KYC rule.
Testing is not limited by time frames. Subsequently, the company intends to add more demo apps related to decentralized markets and online payments.
As previously reported, IPC Systems will apply the Corda blockchain by the R3 consortium in its work.