Hedera (HBAR) - the most used, sustainable, enterprise-grade public network for the decentralized economy that enables individuals and businesses to build powerful decentralized applications (DApps).
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Description of Hedera (HBAR)
The project has appeared to be a fairer and more efficient system that removes some of the limitations, faced by older blockchain-based platforms such as poor performance and instability. Hedera (HBAR) was funded through an Initial Coin Offering (ICO) in August 2018 and launched its mainnet open access for the first time in September 2019. As part of the ICO, investors were able to purchase the platform's own utility token (HBAR) at the lowest possible price.
The HBAR token plays a dual role on the Hedera public network:
| 1 | Above all, HBAR is the fuel that powers Hedera's services such as smart contracts, file storage and recurring transactions. |
| 2 | It is used to secure the network, as HBAR users can stake their tokens to help to maintain the integrity of the platform. |
In addition to the founders, Hedera's management team also consists of more than a dozen people.
Project benefits
Unlike most other cryptocurrency platforms, Hedera Hashgraph is not built on top of a conventional blockchain. Instead, it introduces an entirely new type of distributed ledger technology, known as a hashgraph. This technology allows it to improve many blockchain-based alternatives in several key areas, including speed, cost and scalability. The platform offers several basic network services.
These include:
| Tokens | A token service that allows users to set up and mint both mushrooms and tokens (NFTs) easily on Hedera with just a few lines of code. |
| Service | A service consensus that acts as a layer of trust for any application or network that needs a secure, verifiable event log. |
| Creation | Smart contract tools that allow developers to create powerful and efficient decentralized applications. |
Decentralized file storage services with features include deletion confirmation, controlled volatility and file expiration.
Where to buy tokens?
The Hedera Hashgraph token, HBAR, has a maximum total supply of 50 billion units. Of this, nearly seven billion were in circulation as of January 2021, equivalent to approximately 14% of total supply. HBAR is a popular digital asset that is available for trading on several well-known exchange platforms, including:
- Binance;
- Bittrex;
- Huobi Global.
Some of the more popular HBAR trading pairs include HBAR/USDT, HBAR/BTC and HBAR/ETH, and there are several options for fiat cryptocurrency trading, including HBAR/USD, HBAR/KRW and HBAR/INR.