{"id":467865,"date":"2023-12-24T00:27:11","date_gmt":"2023-12-24T00:27:11","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=467865"},"modified":"2023-12-24T00:27:48","modified_gmt":"2023-12-24T00:27:48","slug":"hedera-price-prediction-for-2024-is-hbar-price-getting-ready-for-a-bullish-rally","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/hedera-price-prediction-for-2024-is-hbar-price-getting-ready-for-a-bullish-rally","title":{"rendered":"Hedera Price Prediction for 2024 – Is $HBAR Price Getting Ready for a Bullish Rally?"},"content":{"rendered":"

Hedera’s partnership with the UN on tackling climate change marks a significant step forward for the platform and positive price trajectory.<\/p>\n

The United Nations Framework Convention on Climate Change (UNFCCC) has endorsed a collaborative initiative involving Hedera, Envision Blockchain, and Swirlds Labs to create a cutting-edge carbon data platform called Guardian and Managed Guardian Service.<\/p>\n

Leveraging Hedera’s blockchain and token, $HBAR, this initiative enhances transparency in carbon markets, eliminating the need for intermediaries. The Hedera Guardian leads in digitized measurement, reporting, and verification (dMRV) within carbon markets.<\/p>\n

Envision Blockchain Solutions and Swirlds Labs contribute expertise in Web3 applications and development support for the Hedera network, respectively.<\/p>\n

Hedera Brief Overview<\/h2>\n

Hedera is an innovative public network established by Dr. Leemon Baird and Mance Harmon in 2018. Operating on a Proof-of-Stake (PoS) mechanism with a distinctive hashgraph consensus, it aims to offer a quicker and more secure alternative to traditional blockchains.<\/p>\n

With the capacity to handle up to 10,000 transactions per second (TPS), it distinguishes itself through efficient bandwidth usage and rapid transaction speeds. Built on directed acyclic graphs from graph theory, the network ensures immutable transaction records.<\/p>\n