5 Cryptocurrencies Millennials are Buying for Retirement

4. Hedera

Hedera is a cryptocurrency network on which anyone can make transactions or deploy applications. However, unlike other crypto networks, the software side of things is managed not by a foundation or a group of individuals, but rather by a group of businesses. There are some design trade-offs that come with this arrangement. For example, the network supports high transaction speeds but transaction history can only be accessed through pre-approved nodes on the network. Timestamping and transaction ordering also have limited access. 

Hedera offers businesses the confidence they need with which to access data on the network. Some of the big companies that already use the Hedera network for their business needs include LG, IBM and Boeing. The Hedera network can process transactions quicker and at cheaper rates compared to other networks because it groups transactions through a process called hashgraph. This is a patented algorithm where a number of different nodes are in constant communication with each other to validate data.