Hedera (HBAR) Roadmap: What to Expect from the Future of Blockchain

2024-12-18
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Hedera Hashgraph, known for its fast and sustainable blockchain network, has laid out a clear roadmap to strengthen its ecosystem. 

This roadmap includes upcoming projects, active developments, and completed milestones, showcasing its ambition to simplify blockchain for developers, businesses, and everyday users. 

This article breaks down Hedera’s plans into four categories to help both tech-savvy and non-tech readers understand its path forward.

Prioritized Projects: Ideas Taking Shape

Hedera’s prioritized projects are concepts deemed important but are not yet under development. These initiatives focus on creating a more user-friendly and developer-accessible environment for building blockchain-based applications:

  1. Modularized Local Node Testing
    Imagine a toolkit that allows developers to test blockchain applications quickly and efficiently. Hedera is improving its local testing environment to make it faster, simpler, and more lightweight. This means developers can troubleshoot, test, and deploy applications without requiring heavy technical resources. By supporting more Ethereum-compatible tools, Hedera also aims to attract developers already familiar with Ethereum’s ecosystem.
  2. Developer-Focused Enhancements
    Hedera’s focus remains on empowering developers with tools that streamline workflows. These improvements will make it easier for developers to experiment, build, and launch new decentralized applications (dApps) without facing technical hurdles.

While these projects are not yet in active development, they demonstrate Hedera’s commitment to simplifying blockchain usage for developers and new users.

Planned for Development: What’s Coming Next?

The “planned” stage highlights projects that Hedera has already committed to and is preparing to develop soon:

  1. HIP-850: Token Supply Key Update
    Hedera is working on a feature that allows easier updates to non-fungible tokens (NFTs) held in treasury accounts. This change will give token managers greater flexibility in updating NFT-related information without disrupting their workflows.
  2. HIP-991: Revenue-Generating Topic IDs
    Hedera’s Consensus Service allows businesses to share and verify data in real-time. HIP-991 introduces a feature that lets topic operators (those managing the data) earn fees for their services. This revenue structure will work similarly to how token transactions generate fees on Hedera.

These developments aim to improve token flexibility and bring more revenue opportunities for businesses and developers using Hedera’s network.

In Development: Building the Future Right Now

Hedera has several major projects already in progress, focusing on improving the network’s performance, security, and usability. Here’s a closer look at what’s being actively built:

  1. HIP-632: Hedera Account Service (HAS)
    This upgrade will allow accounts using different types of cryptographic keys (beyond the usual ECDSA standard) to authorize actions in smart contracts. In simpler terms, this makes Hedera’s accounts more flexible and secure for a wider range of use cases.
  2. HIP-904: Frictionless Token Airdrops
    Token airdrops—where tokens are distributed to users—are becoming easier with HIP-904. This update streamlines how users associate tokens with their accounts, making the experience simpler and faster for both businesses and individual users.
  3. Network Tooling and Automation
    Hedera is enhancing its tools to ensure the network stays reliable, even during high demand. This means better performance for developers and businesses using Hedera’s services without worrying about downtime or technical issues.
  4. HIP-1010: Update Token Fees Through Smart Contracts
    This update allows token fees (such as transaction costs) to be adjusted directly within smart contracts. Developers will no longer need to rely on manual processes, creating a smoother experience when managing token-related features.

Together, these projects reflect Hedera’s focus on solving real-world issues: improving how developers build applications, ensuring reliability, and making blockchain interactions seamless for users.

Read more about HBAR: 

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Completed Milestones: Successes That Paved the Way

Hedera has already achieved key milestones that strengthen its foundation and prepare it for future innovations:

  1. HIP-906: Allowance and Approval for Tokens
    Developers can now grant approvals for HBAR transfers directly within smart contracts. This removes the need for separate tools and makes it easier to build token-based applications.
  2. HIP-206: Integrating Tokens Into Smart Contracts
    Hedera Token Service (HTS) now works seamlessly within Hedera’s smart contracts. Developers can programmatically transfer, mint, or burn tokens, just like they would on other leading blockchain platforms.
  3. EVM Compatibility
    Hedera supports Ethereum’s latest updates (like the Cancun hard fork). This ensures developers familiar with Ethereum tools can easily migrate and build applications on Hedera without learning new systems.
  4. Mutable Metadata for Tokens
    Token creators now have the ability to update metadata (like descriptions or attributes) for both fungible and non-fungible tokens. This is particularly useful for industries like gaming, where token information may evolve over time.
  5. Smart Contract Verification
    Hedera allows mirror nodes (data hubs for the network) to display verified smart contract code. This helps developers and users trust that the code they interact with is safe and transparent.
  6. Developer Tools and JSON-RPC Enhancements
    Hedera has improved tools for developers and made its JSON-RPC interface faster and more scalable. JSON-RPC allows applications to interact with blockchain networks efficiently, supporting smooth transactions and performance.

These milestones showcase Hedera’s progress toward creating a faster, more accessible blockchain ecosystem for both businesses and individuals.

Conclusion

Hedera’s roadmap paints a clear picture of its ambitious goals for blockchain innovation. By prioritizing developer support, improving network tools, and enhancing user-friendly features, Hedera is positioning itself as a leader in blockchain technology. 

Projects like token fee updates, frictionless airdrops, and EVM compatibility aim to simplify blockchain adoption, while completed milestones lay a strong foundation for future growth. 

As Hedera evolves, it continues to bridge the gap between technical efficiency and real-world usability.

Frequently Asked Questions

1. What are Hedera’s current development priorities?
Hedera is focusing on modularized testing tools and improving the developer experience to attract more users and streamline blockchain app development.

2. How does HIP-904 improve token airdrops?
HIP-904 simplifies the process of distributing tokens to users and associating tokens with their accounts, making it faster and easier for businesses and individuals.

3. Why is EVM compatibility important for Hedera?
EVM compatibility allows developers to use familiar Ethereum tools to build on Hedera, making it easier to migrate projects and expand adoption.

Investor Caution 

While the crypto hype has been exciting, remember that the crypto space can be volatile. Always conduct your research, assess your risk tolerance, and consider the long-term potential of any investment.

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