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The Hedera Community Report 2022 has been released showing the results of the network. According to the report, Hedera made about 530 million transactions in a year. In addition, the network has brought its community together through a series of events and issued 195 grants aimed at expanding its ecosystem. Overall, Hedera’s findings reflect the positive state of the chain despite the current market challenges.
In 2022, Hedera bet on the Ethereum Virtual Machine (EVM) and started contributing to the Hyperledger Besu project. The reason for seeking EVM equivalence is simple: many existing web3 applications integrate easily with EVM chains, so their equivalence to the most popular virtual machine will encourage existing dapps to integrate and grow the ecosystem and Hedera communities. Additionally, research shows that the EVM is the default starting point for new web3 developers.
The first feature launched to support EVM compatibility was smart contracts, built into the Ethereum ecosystem. Now Hedera is compatible with smart contracts compiled in Solidity and their implementation is successful. Smart contracts have integrated the first DeFi applications into the network
Hundreds of projects launched on the Hedera network in 2022 resulted in an increase in developer activity and retail transactions. Lists of web3 use cases here and with all enterprise applications here.
In 2022, Hedera launched its own staking and staking phases I, II and III have been reached. This means that users can now stake their $HBAR on a node of their choice through supporting wallets and exchanges and earn rewards for doing so.
At the end of 2022, 31.3 billion HBAR were staked on the network!
The HashScan browser has quickly become the most popular browser on the Hedera network launched by Swirlds Labs in 2022. This browser allows users to track accounts, transactions, and tokens, as well as mirror nodes, consensus nodes, topics, and contracts. With HashScan, users can also track and calculate their staking rewards.
Davos 2023 and Heather
Published in The Fintech Times, this article outlines the key takeaways from WEF Davos 2023, including quotes from Nilmini Rubin, Chief of Staff and Head of Global Policy at Hedera. Nilmini talks about how industry leaders, Web3 organizations and regulators can work together to restore trust in the crypto industry. She stated that: “We need to work together to remind people of the benefits of distributed ledger technology, and one of the key ways to do that is to offer tangible, impactful case studies. The current bear market has created a valuable opportunity for larger players in the blockchain and cryptocurrency industry. Organizations in this area should work with regulators to ensure that all policy decisions balance innovation and end-user protection.”
Governing Board member Hedera LG has announced the promotion of its LG Art Lab platform by launching new artworks. This includes 4 NFTs and a 24-carat gold-plated sculpture by Brooklyn sculptor Barry X Ball, which will be released later this month. LG is committed to using new sustainable technologies for creative purposes, making Hedera a perfect fit for NFTs. LG has continued to be involved in a number of Web3-related initiatives since the initial release of its NFT platform. Last month, he added a Hedera-based Blade Wallet to his NFT platform and focused on royalties.
#News #Hedera #HBAR