- The Hedera Hashgraph recorded an all-time high of almost 20% increase.
- Before this, HBAR collaborated with Indian Institute of Technology Madras.
- Reports say this might have affected HBAR’s ATH directly.
Hedera Hashgraph (HBAR) experienced a significant increase and recorded an all-time high of almost 20% growth. At the time of writing, its 24H volume reached over 30%, according to CoinMarketCap.
To note, HBAR is a cryptocurrency for the Hedera decentralized economy. It is famous for being an enterprise-grade public network. More so, its aim is to make “your digital world exactly as it should be — yours.”
In addition, the hashgraph consensus powers the Hedera proof-of-stake public network. Also, it features high-grade security (ABFT), fast transaction speeds, and low bandwidth consumption. Therefore, through all these, Hedera “leads the way for the future of public ledgers.”
On the other hand, in Hedera Hashgraph’s Twitter account, it announced its collaboration with IIT Madras.
“Regarded as 1 of the top universities in the world, @iitmadras has established research expertise in #DLT, served as an incubator for India’s National Blockchain Project, & developed a 1st-of-its-kind #blockchain-based secure medical data exchange app”: https://t.co/GBS0FXyPhr
— Hedera Hashgraph (@hedera) September 14, 2021
Reports say that this partnership affected HBAR’s growth greatly. The increase happened after the Indian Institute of Technology Madras joined as a governing council. More so, this collaboration aims to enhance the technical education, research, as well as innovative offerings in DLTs.
Professor Prabhu Rajagopal from Indian Institute of Technology Madras stressed that,
We have identified great potential in the Hedera Hashgraph, which is already the most widely used, and sustainable public ledger on the market today, and we look forward to leveraging the Hedera Consensus and Token Service to study new, potentially groundbreaking use cases.
In addition, investors who genuinely believed in HBAR also caused the increase in the said crypto. Many like its feature that detects cybercriminals. To note, companies such as adsDaX, agryo, and AllianceBlock already worked with Hedera.
Furthermore, HBAR’s growth is only natural. Reports say that the demand for HBAR is increasing. Currently, HBAR is approximately at $0.56 with an over 20% increase in price.