Hassan Maishera
HBAR Foundation, the development team behind the Hedera blockchain, introduced the HSC-20 standard in an X post on Thursday. Inspired by BRC-20 on Ordinals, HCS-20 is a standard that defines how points can be managed and audited on Hedera.
HCS-20 points enable businesses to have greater control over point distribution whilst maintaining the benefits of a decentralized public ledger as a transparent and immutable log of transactions.
HCS-20 points also come without the friction of wallets or token associations, increasing the overall UX. Issuers can further opt into a private mode, enabling organizations with the power to oversee all HCS-20 point movements, the team added.
Hedera Hashgraph is a distributed public ledger infrastructure. According to the team, it offers significant improvements over existing blockchains in five areas: performance, security, governance, stability, and regulatory compliance. HBAR is trading at $0.1076 at press time, down by 4% over the last 24 hours.
