Google is Now a Member of Hedera Hashgraph’s (HBAR) Governing Council, Market Goes Wild!
As the market rejoices the long-awaited altcoin season, progress continues to move forward in the cryptocurrency and blockchain sector!
Google has announced that they will be joining Hedera’s governing council that oversees its development. It is comprised of over 30 world-leading organizations, including IBM, Deutsch Telekom, Boeing, and others.
Hedera aims at becoming a leading platform for building applications on and will be working alongside Google. It will be using Google Cloud to host its public testnet and other services built on its network.
“Hedera is expanding this relationship by selecting Google Cloud as a preferred cloud provider for its public testnets and Hedera Consensus Service ecosystem.
Thanks to the extensive geographical coverage of Google’s network, the growing global Hedera developer community can ensure both access and performance of their applications no matter where they are in the world.” – Google Cloud Blog
With its ICO taking place in 2018, Hedera utilizes Hashgraph’s gossip protocol to share information throughout the network amongst its nodes. Rather than being a blockchain, Hedera resembles the Directed Acyclic Graph (DAG) technology used by other digital assets such as IOTA and Nano.
Source: Hedera Whitepaper, Page 54: https://s3.amazonaws.com/hedera-hashgraph/hh-whitepaper-v1.1-180518.pdf?utm_source=coincodex
Hedera’s native cryptocurrency (HBAR) exploded OVER 150% as news of Google’s role within the governing council began to make headlines. The explosive rally is being magnified by the already bullish cryptocurrency markets as billions re-enter.
With Hedera’s HBAR coin breaking all-time highs, other cryptocurrencies such as Tezos (XTZ) are surging to new heights. The market sentiment is extremely bullish once more and seems to need less and less good news to become optimistic. A few days ago, we reported on the key signs that could signal an altcoin season and recovery after a long period of stagnation and disgruntled investors.
Will altcoins sustain their gains? History will be the judge!
This post is for educational purposes. All information used is referenced accordingly. This is not investment advice; please always do thorough research and only invest what you are willing to lose, especially in times of uncertainty.