What is Hedera Hashgraph?
Hedera is a hashgraph network based on a distributed consensus algorithm. Its goal is to create a secure, trusted cyberspace that is not impacted by 3rd parties.
What problem does Hedera solve?
The Hedera Network is a distributed ledger platform (DLT) that solves the problems hindering the mass adoption of DLT:
- Performance: hashgraph consensus provides near-perfect efficiency for bandwidth usage. It features 10,000 TPS with low fees of ~$0.0001. Consensus latency is in 3-5 seconds.
- Security: Hedera achieves the gold security standard in the field of distributed consensus: asynchronous Byzantine Fault Tolerance (aBFT).
- Governance: Hedera is governed by a council of 39 global businesses. Management members should (1) come from different industries and geographies, (2) have a high position in the market and have a respected brand, (3) have a competing perspective. In it, no individuals or small groups have control.
- Stability: guaranteed by high security and mature governance mechanism
Hedera’s governance mechanism
Hedera’s licensing and governance model protects users by reducing the risk of forking, ensuring the integrity of codebase, and allowing open access to review the underlying software code.
Governance of the decentralized platform is through Hedera Council. The council members will have a limited term, rotating members with equal voting rights.
Token HBAR
HBAR is the utility token of the Hedera Hashgraph platform, which has the following uses:
- To pay transaction fees on the Hedera network
- To access dApps and other services on the Hedera network
- To be staked to become network participants (nodes) to process transactions and receive rewards
Specifications
- Ticker: HBAR
- Blockchain: Updating
- Total supply: 50,000,000,000
- Circulating supply: 10,290,000,000
HBAR token Price today
How to buy HBAR
Hedera Hashgraph (HBAR) has been listed on Attlas Exchange.
Traders can easily and securely buy HBAR with lowest fees on Attlas Exchange.
Step 1: Download the app and register an account
Step 2: Select Market on the toolbar at the main screen
Step 3: Select Spot
Step 4: Find HBAR
Step 5: Select Buy
Summary
This article is an overview of Hedera Hashgraph (HBAR), not a financial advise.
Users are advised to do their own research before making any trading decisions.