Apr. 3, 2025
Dear Sirs: I wanted to point out that the Hedera Network (HBAR) ETF that was filed by NASDAQ and others is a really good thing for investors in Web3. The Hedera network is governed by large corporations like Google, IBM, Dell, etc. As well, the Hedera Network is the foundation for trust in the emerging era of Web3 and AI and technically is superior to all other crypto networks including speed, security, and low, fixed fees in USD. Many believe that Hedera and its Hashgraph distributed consensus will be the leading software infrastructure for the next generation of the Internet (Web3). Here are just a few reasons why: Hedera uses Hashgraph Consensus which is the Gold Standard for security using Asynchronous Byzantine Fault Tolerance (aBFT). As well, Hedera has been tested at 400,000 Transactions per second (TPS) using network sharding which is the fastest network to date. It also reaches mathematical finality in ~3 seconds and uses almost zero energy to submit an immutable record on the network. Hedera also is regulatory compliant and filed with the SEC back in 2018 unlike most of the other crypto networks in play. When looking at technologies that should be in long term investor portfolios, Hedera and its native coin HBAR should be number 1. Thanks in advance, Dave- David Cohen Former advisor, Hedera Hashgraph