I have a question for this group; When a cbdc

Question

I have a question for this group; When a cbdc

is running on a private version of hbar network/ protocol, Will I also need hbar when transacting with that privat network? I wonder if we at all benefit from a cbdc when it uses a privat version of hashgraph

#cryptocurrency #english #hbar

0

09.09.2023

16 ответов

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Marizomania $QANX | $EGLD | $DOGE

Artemis | PointPay.io
The adoption of CBDCs on a private Hedera network ...

You're absolutely right cause that is more like an endorsement from a federal body leading to massive adoption of the Hedera blockchain technology.

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09.09.2023

Gijs Автор вопроса

Artemis | PointPay.io
The adoption of CBDCs on a private Hedera network ...

Yes I understand, but this doesn’t answer my question.. does the private network also need hbar? Or is that only within a public network?

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09.09.2023

Jeeptopdown

Gijs
Yes I understand, but this doesn’t answer my quest...

No. A private Hashgraph would not use HBAR.

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09.09.2023

Snappy-T-Joe

Jeeptopdown
No. A private Hashgraph would not use HBAR.

Unless there is plugin?

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09.09.2023

Lee (Alt)

The main architecture for cbdc’s on hedera I’ve seen is a private permissioned networks like hyperledger fabric or corda as the base layer then having hcs from the public hedera network plugged in to fairly order the transactions ect

0

09.09.2023

Lee (Alt)

Lee (Alt)
The main architecture for cbdc’s on hedera I’ve se...

And that does use hbar, just the end user wouldn’t be paying the fee directly themselves

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09.09.2023

Jeeptopdown

Snappy-T-Joe
Unless there is plugin?

Right. If a private Hashgraph (or Hyperledger or Corda) used Hedera’s HCS, as @Leebullish described, then that piece would use HBAR. But the private Hashgraph alone would not. For example (not CBDC) - this project is going to use a private hashgraph - no HBAR involved. https://www.streamonix.com/

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09.09.2023

Joep

Jeeptopdown
Right. If a private Hashgraph (or Hyperledger or C...

Partly true what you say here.....however, What we will soon get is a mix between direct payments, fiat payments and salary payments. in the new way it is much faster, more efficient and cheaper. With every transaction, Hbar is burned. In other words the Hbar price will rise enormously, otherwise the stock of Hbar will be burned in no time.

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09.09.2023

Jeeptopdown

I was only answering the question of “Is HBAR used in a private Hashgraph?” I’ve enjoyed your posts and have been wondering if you might be in a position to know more than what the rest of the world knows? Or or if you are guessing/hoping like the rest of us. I’m hoping you’re in the know and have been dropping some crumbs.

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09.09.2023

General Von Klinkerhoffen

Jeeptopdown
I was only answering the question of “Is HBAR used...

I think it's guess work on his part.

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09.09.2023

Lee (Alt)

Joep
Partly true what you say here.....however, What we...

What he said is 100% true and no portion of fees are burnt on hedera lol

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09.09.2023

Joep

Lee (Alt)
What he said is 100% true and no portion of fees a...

Do your homework

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09.09.2023

Jeeptopdown

That’s referring to HTS tokens, not to burning HBAR. HBAR are never burned. Never have been. Never will be.

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09.09.2023

General Von Klinkerhoffen

Joep
Do your homework

Lol. Hedera won't burn Hbar. They are looking to keep regulators on side. The only purpose it serves would be price manipulation. The GC would never sanction an HBAR burn. They spend hours and hours deliberating over tokenomics- burning tokens to give retail a price boost won't be on the agenda. It's not inflationary.

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09.09.2023

Marizomania $QANX | $EGLD | $DOGE

Jeeptopdown
That’s referring to HTS tokens, not to burning HBA...

Hedera doesn't make us of the burning mechanism

0

09.09.2023

Artemis | PointPay.io · Accepted Answer

The adoption of CBDCs on a private Hedera network validates Hedera's technology and potentially attracts further interest. Central bank confidence in Hedera's capabilities can spur broader adoption by businesses and governments. Such central bank endorsements have historically led to positive network effects, attracting developers and companies looking for public applications. In addition, private CBDC deployments can drive innovation and research that could benefit the Hedera mainnet and other public blockchains. They could also lay the groundwork for future interoperability between private and public networks. The thriving ecosystem of CBDCs and private applications on Hedera can attract companies and developers, fostering complementary services for the Mainnet.

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I have a question for this group; When a cbdc

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