Hedera’s Hashgraph technology is trending again as industries look for faster, more efficient, and scalable alternatives to traditional blockchain solutions – we’ll explore whether demand for this technology could bring a price surge for HBAR.
At the same time, PlutoChain ($PLUTO) could gain traction with its potential to solve real problems for Bitcoin’s ecosystem. As the first hybrid Layer-2 solution for Bitcoin, it could introduce new possibilities for decentralized applications and may extend Bitcoin’s functionality.
Let’s learn more about these projects.
Hedera Price Prediction: Can Demand for Hashgraph Technology Spark a Surge for HBAR?
Hedera Hashgraph is an advanced distributed ledger technology (DLT) that offers a more efficient alternative to traditional blockchains. It enables simultaneous transaction processing, reduces delays, and improves scalability.
On the Hedera network, transactions receive a precise timestamp based on when the majority of nodes receive them. This ensures transactions are processed in a fair order and remain immutable once finalized. As a result, Hedera’s Hashgraph is a top choice for enterprises and institutions that need scalable and reliable digital infrastructure.
In addition to this, the adoption in the financial sector is also getting stronger. The launch of PHPX, a stablecoin backed by Filipino banks and powered by the Hedera network, shows how Hedera can be leveraged to support large-scale financial transactions with both security and efficiency.
Crypto analyst ALLINCRYPTO suggests that HBAR is showing signs of a breakout, with projected price targets ranging between $0.50 and $2.
PlutoChain ($PLUTO) Brings Hybrid L2 Technology. Could It Change the Future of Bitcoin Scalability?
While Hedera’s Hashgraph technology excels in speed, efficiency, and cost-effectiveness, Bitcoin remains the most dominant digital asset in the market despite its well-known limitations.
However, Bitcoin’s slow transaction speeds, high fees, and lack of smart contract functionality continue to delay its adoption for real-world applications.
This is where PlutoChain ($PLUTO) could play a critical role. As a hybrid Layer-2 solution, PlutoChain might enhance Bitcoin’s capabilities without compromising its security. PlutoChain could also offer much faster block time processing (just 2 seconds), compared to Bitcoin’s frustrating 10-minute block times.
PlutoChain is built to support Ethereum Virtual Machine (EVM) compatibility, so it could potentially connect with Ethereum’s extensive network. This could pave the way for advancements in DeFi, NFTs, and AI-driven applications.
PlutoChain has the potential to redefine Bitcoin’s functionality, extending its use beyond a mere store of value. Preliminary tests suggest PlutoChain can handle over 43,200 transactions per day, a significant improvement over Bitcoin’s current limitations.
Security remains a priority, with audits from firms like SolidProof, QuillAudits, and Assure DeFi ensuring the network’s stability. PlutoChain could transform Bitcoin from a static digital asset into a more versatile ecosystem, combining Bitcoin’s security with Ethereum’s flexibility to discover new financial and technological possibilities.
Final Thoughts
With its strong enterprise backing and expanding real-world applications, HBAR might see new surges in the upcoming weeks.
Meanwhile, PlutoChain ($PLUTO) could also generate serious buzz for its technology that could solve Bitcoin’s scalability issues. By combining fast transaction speeds with Ethereum’s smart contract capabilities, it may play a vital role in shaping Bitcoin’s future utility beyond its current limitations.
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