What Is Hedera (HBAR)?
Hedera (HBAR) is a public network utilizing the hashgraph consensus algorithm to facilitate fast, fair, and secure transactions, processing hundreds of thousands of transactions per second with a consensus latency of mere seconds. Unlike traditional blockchains, Hedera integrates all transactions into a cohesive whole, ensuring that no data is lost. Founded in 2017 by Leemon Baird and Mance Harmon, Hedera's vision is to create a secure digital future where users can confidently engage in various activities while prioritizing trust and privacy. As of August 2023, the network handles over 66 million transactions daily, averaging 5.64 seconds per transaction.
How Hedera (HBAR) Works
Hedera utilizes the hashgraph consensus algorithm to establish a decentralized network that processes hundreds of thousands of transactions per second, incorporating every transaction into the ledger for optimal efficiency and fairness. Its asynchronous Byzantine Fault Tolerance (aBFT) enhances security, protecting against Distributed Denial of Service (DDoS) attacks while ensuring fair transaction access and ordering. Governed by a council of up to 39 leading global enterprises from various industries, Hedera's decentralized structure prevents any single entity from dominating decision-making. The network emphasizes regulatory compliance, featuring controlled mutability and the ability to append additional data for adherence to GDPR, KYC, and AML regulations. Though not open source, Hedera's code is publicly accessible and utilizes hashgraph software patents for transparency and stability.
How Many Hedera (HBAR) Tokens Are in Circulation?
HBAR has a total supply of 50,000,000,000. The current circulating supply of HBAR is 38,261,842,932.
Interested in purchasing Hedera (HBAR)? Follow these simple steps:
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Verify your identity.
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Deposit Funds.
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Start trading: Search for
HBAR/USDT and begin trading.
Is Hedera (HBAR) a Good Investment?
Hedera marks a substantial advancement in distributed ledger technology by using the hashgraph algorithm to deliver exceptional performance, security, and fairness. The HBAR token is essential to the ecosystem, enabling transactions, enhancing security, and supporting platform development. However, like all cryptocurrencies, Hedera entails certain risks, making it crucial for investors to conduct thorough research and proceed with caution.