Hedera
$0.0691
-3.3%(24h)30d
Today
-3.3%
30 Days
-15.7%
Price Change (24h)
-$0.002333
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-3.3%
30 Days
-15.7%
Price Change (24h)
-$0.002333
HBAR
0.69
Hedera represents the most-utilized, sustainable, enterprise-grade public network for decentralized economies enabling individuals and businesses to develop robust DApps. This platform provides a fairer, more efficient alternative addressing limitations older blockchain platforms face including sluggish performance and instability. August 2018 funding through ICO preceded mainnet open access launch in September 2019. ICO participants purchased HBAR at optimal pricing. HBAR functions dually within Hedera's network: it powers Hedera services including smart contracts, file storage, and transactions; and secures the network as HBAR users stake tokens preserving platform integrity. Hedera (HBAR) represents Hedera Hashgraph's native cryptocurrency, positioned as traditional blockchain technology alternative excelling in speed, efficiency, and security. While older blockchains employ proof-of-work (PoW) and newer ones use proof-of-stake (PoS), Hedera Hashgraph built its own structure specifically for this project. PoS-based Hedera increases transaction verification efficiency, offers elevated security, and protects networks against attacks. Its ecosystem combines the underlying hashgraph consensus algorithm and enterprise global governing body. Hedera Hashgraph represents DLT (distributed ledger technology). Hedera differs from other blockchains using a novel consensus algorithm called hashgraph, processing and executing transactions faster while eliminating delays and normalizing TPS. Hashgraph claims upgrades in transaction speed, cost, and scalability. Hedera core network services include: Consensus Service (HCS) where clients negotiate consensus timestamping and ordering with offline state storage and user-defined privacy and access control; and Hedera Token Service (HTS) enabling customer token creation and management with integrated tokenization support. Hedera's hashgraph goal increases transaction speed while focusing on high-volume operations including micropayments, data integrity, and tokenization. Like EVM, Hedera maintains a Solidity-supporting smart contract virtual machine plus built-in KYC and AML checks. From technical perspectives, Hedera represents DLT forms—a hashgraph or consensus algorithm where users agree on transaction ordering. Hedera isn't precisely blockchain; it has distinct characteristics functioning differently. Hashgraph merges transaction branches with all blocks used achieving consensus, discarding none. The network's most visible feature is the Gossip-about-Gossip protocol. Per Dr. Leemon Baird, Hedera's inventor, system nodes randomly transmit self-data to other nodes via hashgraph using the Gossip protocol. All cluster nodes soon become mutually familiar. Subsequently, a data structure forms with transaction payloads, timestamps, digital signatures, and previous structure hashes. HBAR represents Hedera's native token powering network applications. HBAR pays network services, transaction fees, in-app payments, and micropayments. Developers pay network fees in HBAR tokens for smart contracts, file storage, and currency exchange. HBAR incentivizes and compensates network nodes. Hedera Hashgraph maintains distinct decentralized governance where the Governing Council makes critical decisions regarding pricing policy, software updates, and wealth management.
Hedera Hashgraph founders include Dr. Leemon Baird and Mance Harmon. Dr. Leemon Baird invented the hashgraph distributed consensus algorithm and serves as chief scientist. Previous to Hedera Hashgraph founding, Baird accumulated over one decade of computer science and security experience, working as a senior research scientist at the Cyberspace Research Academy Center and co-founding and serving as CTO at Swirlds Inc., a DApp-building platform. Conversely, Mance Harmon serves as CEO with technology executive and entrepreneurial background. Harmon accumulated approximately two decades holding prominent firm executive positions, particularly in IT security. Mance Harmon also co-founded and leads Swirlds Inc. Beyond founders, Hedera's leadership team comprises a dozen-plus distinguished-career individuals.
Unlike most cryptocurrency platforms, Hedera Hashgraph doesn't build on conventional blockchain but instead introduces novel distributed ledger technology called Hashgraph. This technology improves many blockchain alternatives in critical areas: speed, cost, and scalability. Hedera transactions average 0.0001 USD fees reaching finality in under five seconds. Overall, Hedera claims 10,000-plus transactions per second (TPS) capacity compared to popular proof-of-work blockchains' approximate 5-20 TPS. The platform provides several network services: token services enabling users to easily configure and mint both fungible and non-fungible tokens (NFTs) on Hedera with minimal code; consensus services acting as trust layers for applications or networks requiring secure, verifiable event logs; smart contract tools for building efficient decentralized applications; and decentralized file storage with proof-of-deletion, controlled mutability, and time-based file expiry features.
Hedera Hashgraph's token HBAR possesses maximum total supply of 50 billion units. As of January 2021, approximately seven billion circulated—around 14% of total supply. Hedera publishes regular reports detailing next HBAR token unlock waves. Per Hedera's resources, both project founders earned two-billion HBAR coin grants, equivalent to 4% total supply each, vesting across six years. Other senior pre-2018 Hedera executives earned 250-300 million coin grants vesting through December 2021. According to Hedera's Economics Whitepaper (June 2020), approximately 17.03 billion HBAR circulates by 2025—equivalent to 34% total supply.
Hedera Hashgraph employs a novel Hashgraph consensus system for network security. A rotating governing council of up to 39 highly diversified organizations spanning up to 11 industries directs Hedera codebase, votes on platform decisions, and operates initial Hedera public network nodes. Hedera employs novel proof-of-stake (PoS) variants allowing HBAR users staking resources protecting the network. Currently, Hedera or governing council members manage all Hedera nodes, with permissionless system transition planned. Overall, Hedera achieves asynchronous Byzantine fault tolerance (ABFT)—guaranteeing transaction timing and ordering despite delayed or lost data.
HBAR trades on several prominent exchange platforms including Binance, Bittrex, and Huobi Global. Popular HBAR trading pairs include HBAR/USDT, HBAR/BTC, and HBAR/ETH with fiat options including HBAR/USD, HBAR/KRW, and HBAR/INR. Information on fiat cryptocurrency purchases is available through comprehensive buying guides.
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