Hedera Launches TransAct, Enabling Enterprise-Ready Blockchain Solutions

The new managed service allows enterprises and governments to utilize Hedera without dealing with crypto complexities, bringing the network closer to mainstream adoption.

HBAR

Summary

Hedera's @HashgraphGroup has unveiled TransAct, a managed service designed to help enterprises and governments build and transact on the Hedera network without the need for crypto, wallets, or gas fees. This move is seen as a step toward mainstream adoption of the blockchain.

Terms & Concepts
  • TransAct: A managed service by Hedera that simplifies blockchain transactions for enterprises and governments by removing the need for crypto handling, wallets, or gas fees.
  • Hedera: A decentralized public network that allows enterprises and developers to build decentralized applications (dApps) with a focus on scalability, security, and speed.