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The Cut

Industry Insights by Diamond StandardIndustry Insights

The Benefits of Hedera

October 11, 2022
3 min read
Diamond Standard

This Article Explores

    The speed, scalability, and security of the Diamond Standard Spot Market was significantly enhanced by Diamond Standard’s recent migration to Hedera.

    Hedera is a decentralized enterprise-grade public network on which anyone can build secure, fair applications with near real-time finality. The platform is owned and governed by a council of the world's leading organizations including: Boeing, Deutsche Telekom, DLA Piper, FIS (WorldPay), Google, IBM, LG Electronics, and Nomura.


    FASTER: 10X Speedier than Ethereum Hedera makes it easy for developers to manage tokens with scalable performance and predictable cost. And users that transact see incredible benefits in transaction speeds. Processing times are dramatically quicker on Hedera and can sometimes be measured in milliseconds versus the minutes on the Ethereum blockchain.

    CHEAPER: Low & Predictable Gas Fees Many public and private blockchains that offer tokenization carry the burden of expensive fees or upfront infrastructure costs, slow transaction speeds, complexity in managing governance, and regulatory obstacles. Hedera makes it simple to issue native, multi-signature tokens with scalable performance, native compliance features, native token swap capabilities, and predictable costs — all on a reliable network governed by a council made up of large, global, trusted organizations.

    SAFER: Ability to Freeze Assets The freezing of assets is possible in Hedera via account keys. Using the unique key structures on Hedera, we have implemented enhanced management features that offer additional account security and fail safes. This includes the ability to handle lost or stolen tokens and keys, ability to add co-signers and delegates, and to freeze accounts when requested by a customer or law enforcement agency.

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