Software Alternatives, Accelerators & Startups

Hedera Hashgraph VS Meter

Compare Hedera Hashgraph VS Meter and see what are their differences

Hedera Hashgraph logo Hedera Hashgraph

A superior consensus algorithm.

Meter logo Meter

Meter is a decentralized and high-performance-based infrastructure that allows for the development of blockchain applications.
  • Hedera Hashgraph Landing page
    Landing page //
    2023-10-05
  • Meter Landing page
    Landing page //
    2023-08-02

Hedera Hashgraph features and specs

  • Scalability
    Hedera Hashgraph can process a high number of transactions per second, making it highly scalable compared to traditional blockchain networks.
  • Speed
    Transactions on Hedera Hashgraph are confirmed quickly due to its consensus algorithm, providing nearly instant finality.
  • Security
    The asynchronous Byzantine Fault Tolerance (aBFT) consensus mechanism enhances security against network attacks.
  • Energy Efficiency
    Hedera Hashgraph consumes significantly less energy than traditional blockchain networks because it does not rely on mining.
  • Fairness
    The timestamping mechanism ensures fair ordering of transactions, preventing manipulation and ensuring equitable transactions.

Possible disadvantages of Hedera Hashgraph

  • Centralization
    Hedera's governance is managed by a council of handpicked organizations, which may lead to concerns about centralized control.
  • Adoption and Ecosystem
    While growing, Hedera still has a smaller ecosystem compared to other established blockchain networks like Ethereum, which may limit its utility.
  • Complexity
    The Hashgraph consensus algorithm is relatively complex and less understood than standard blockchain systems, potentially hindering developer adoption.
  • Limited Smart Contract Features
    Hedera's smart contract capabilities are based on the Ethereum Virtual Machine (EVM) and may lag behind in terms of features compared to other blockchain systems.
  • Network Fees
    While generally low, the fee structure can complicate small or micro transactions if not properly optimized.

Meter features and specs

  • High Scalability
    Meter.io provides a scalable blockchain infrastructure that can handle a large number of transactions per second, supporting high throughput applications.
  • Interoperability
    Meter offers cross-chain compatibility, allowing seamless interaction with other blockchain networks without complex integrations.
  • Stable Unit of Account
    The platform uses a stable cryptocurrency, providing a more reliable means of payment and settling smart contracts compared to volatile assets.
  • Decentralization
    Meter ensures a decentralized network by utilizing a unique consensus mechanism, reducing single points of failure.
  • Low Transaction Fees
    The platform is designed to offer low-cost transactions, making it more accessible for users and businesses of all sizes.

Possible disadvantages of Meter

  • Adoption Challenges
    Like many blockchain solutions, Meter faces challenges in achieving widespread adoption and integration with existing systems.
  • Complexity
    Setting up and using Meter's blockchain might require technical expertise, which can be a barrier for non-technical users.
  • Regulatory Uncertainty
    The evolving regulatory landscape for blockchain and cryptocurrencies presents potential challenges for compliance and legality.
  • Network Effect Limitation
    Although Meter is interoperable, not all applications or users might be on board, limiting the effectiveness of cross-chain transactions.
  • Market Competition
    Meter operates in a competitive space with many other blockchain platforms offering similar solutions, which can affect its market penetration.

Hedera Hashgraph videos

Hedera Hashgraph (HBAR): This YOU NEED TO KNOW!! ⚠️

More videos:

  • Review - Hedera Hashgraph: Should I buy $HBAR? Worth it? Detailed study w Price Predictions thru 2028
  • Review - What is Hedera Hashgraph (HBAR)?

Meter videos

Review & How To Use Watt / Power Meter to Monitor Electricity use by MECHEER

More videos:

  • Tutorial - Harbor Freight CM1000A Ames Instruments AC/DC Clamp Meter Review & how to use! New Tool Day Tuesday
  • Tutorial - Vivosun pH + TDS Meter Review - How to Calibrate Digital PH Meter

Category Popularity

0-100% (relative to Hedera Hashgraph and Meter)
Development
52 52%
48% 48
Finance
50 50%
50% 50
Maps
51 51%
49% 49
Blockchain
56 56%
44% 44

User comments

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Social recommendations and mentions

Based on our record, Hedera Hashgraph seems to be a lot more popular than Meter. While we know about 113 links to Hedera Hashgraph, we've tracked only 1 mention of Meter. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Hedera Hashgraph mentions (113)

  • Exploring Hedera Examples Java: A Beacon for Open Source Innovation
    In summary, Hedera Examples Java is paving the way for a future where open source code, transparent funding, and community collaboration drive technological advancements in the blockchain ecosystem. The project’s unique blend of technical excellence and open source funding has the potential to serve as a model for similar initiatives. Its commitment to best practices—both in terms of coding standards and financial... - Source: dev.to / about 2 months ago
  • Hedera Crypto Utilities: Pioneering Open Source Funding for Blockchain Innovation
    As we look ahead, the future of Hedera Crypto Utilities and similar projects underscores the vital role that community-supported open source models play in advancing blockchain technologies. Whether you’re a developer eager to contribute code, an investor searching for innovative funding models, or simply a blockchain enthusiast, this project serves as an inspiring case study in bridging technical excellence with... - Source: dev.to / about 2 months ago
  • Unlocking the Power of Blockchain Data with the Hedera Mirror Node Java Client
    The Hedera Mirror Node Java Client is more than just a technical solution; it’s a paradigm of how modern open source projects can flourish through a blend of advanced technology, community-driven development, and diverse funding lines. Its capacity to efficiently query Hedera Mirror Nodes not only supports real-time financial analytics and compliance solutions but also empowers developers to integrate blockchain... - Source: dev.to / about 2 months ago
  • What Makes the Hedera Java SDK a Game-Changer in Blockchain Development?
    The Hedera Java SDK is revolutionizing how developers interact with blockchain technology. Enhanced by open source principles and bolstered by modern funding strategies, it presents a unique value proposition in an ever-changing digital landscape. Whether you are a seasoned blockchain expert or an enthusiastic newcomer, the SDK offers the security, scalability, and community support needed to build and manage... - Source: dev.to / about 2 months ago
  • CI for Hedera based projects
    When creating a project on the Hedera network, you want to avoid running your tests in the live public Hedera network, the so-called Mainnet. While Hedera is one of the most cost-effective networks regarding transaction fees, there is still a cost associated with each transaction. And while that price is really low, you want to avoid paying those fees during the initial project development stages as the fees can... - Source: dev.to / 9 months ago
View more

Meter mentions (1)

  • Swiss Franc Stablecoin on Ethereum
    A. MTR from Meter. io. Flatcoin. Coin pegged to the cost of 10 kWh of electricity. Flatcoin - neither inflationary, nor deflationary. Source: over 1 year ago

What are some alternatives?

When comparing Hedera Hashgraph and Meter, you can also consider the following products

Avalanche - Avalanche was founded at MIT with the mission to create a high scalability blockchain platform that has been used by developers around the globe to create new applications that are based and run by cryptocurrency.

Algorand - Algorand is a blockchain technology for FutureFi, which has proven stability and performance.

Fantom - Create personal remixes using your location and camera.

Karura - Karura is creating high scalability in blockchain technology which is based on layer 1.

Acala - Acala is a blockchain protocol for next-generation applications which is based on a decentralized finance network and liquidity hub of Polkadot and is showing high compatibility for Ethereum.

Elrond - Elrond is a scalable blockchain and smart contract platform that enables high-throughput applications to be built and used for a variety of commercial applications.