<h3><strong>What is Hedera Hashgraph (HBAR)?</strong></h3><p>Hedera Hashgraph (HBAR) is a decentralized public network designed to offer fast, secure, and energy-efficient transactions. Using a unique hashgraph consensus mechanism, it supports decentralized applications (dApps) and enterprise-level solutions.</p><h3><strong>How does Hedera Hashgraph work?</strong></h3><ul><li><strong>Underlying Technology:</strong> Operates on a directed acyclic graph (DAG) structure called hashgraph, enabling simultaneous transaction processing.</li><li><strong>Consensus Mechanism:</strong> Utilizes the "gossip about gossip" protocol and virtual voting to achieve fast and efficient consensus without mining.</li><li><strong>Smart Contracts:</strong> Supports efficient and scalable smart contracts for dApp development.</li></ul><h3><strong>What are the potential use cases for Hedera Hashgraph?</strong></h3><ul><li><strong>Decentralized Finance (DeFi):</strong> Real-time price feeds and trading solutions.</li><li><strong>Supply Chain Management:</strong> Tracking and verification in real-time.</li><li><strong>Other Industries:</strong> Applicable in healthcare, gaming, and cross-border payments.</li></ul><h3><strong>What is the history of Hedera Hashgraph?</strong></h3><ul><li><strong>2018:</strong> Launch of the Hedera mainnet, opening the platform for developers.</li><li><strong>2021:</strong> Achieved significant transaction volume growth and enterprise partnerships, including collaborations with Google and IBM.</li></ul>

What makes HBAR important?

### What is Hedera?

Hedera, also known by its symbol HBAR, is a decentralised ledger platform that utilises Hashgraph technology. It is designed for efficient data management and transaction processing, offering services like decentralised applications (dApps), cryptocurrency payments, and identity management.

### How does Hedera work?

Hedera operates using a directed acyclic graph (DAG) structure rather than a traditional blockchain, leveraging a technology known as Hashgraph. It employs an asynchronous Byzantine Fault Tolerance (aBFT) consensus mechanism. This involves a "gossip-about-gossip" protocol for node communication and virtual voting to achieve consensus. This method allows for high throughput, low latency, and increased security, making it energy-efficient and scalable compared to conventional blockchain technologies.

### What are the potential use cases for Hedera?

Hedera Hashgraph serves multiple use cases across various sectors:

- **Decentralised Applications (dApps) and DeFi:** Building secure and transparent financial systems.
- **Supply Chain Management:** Enabling transparent and traceable solutions for enterprises.
- **Gaming:** Offering a network suitable for gaming applications and NFT creation.
- **Identity Management:** Providing secure and private authentication systems.
- **Asset Tokenization:** Facilitating tokenization of assets like real estate and intellectual property.
- **Auditing and Payments:** Secure, real-time transaction recording and efficient payment processing.

### What is the history of Hedera?

Hedera Hashgraph was founded by Dr. Leemon Baird and Mance Harmon. Dr. Baird developed the Hashgraph technology in 2015-2016. Hedera officially launched in August 2018, with its mainnet going live and the minting of 50 billion HBAR tokens. Over the years, Hedera has introduced various services like the Hedera Consensus Service and the Hedera Smart Contract Service, and it has evolved to incorporate major updates such as transitioning to open-source and introducing native staking. Throughout its history, Hedera has formed partnerships with prominent organisations, enhancing its market presence and technological offerings.

Hedera (HBAR)

Similar Coins

ETH

ADA

SUI

AVAX

DOT

APT

TAO

NEAR

ICP

ETC

CRO

KAS

MNT

ATOM

POL

ARB

SEI

QNT

FLR

Resources

Hedera (HBAR) Price Index

Hedera Price

Trading volume

Market cap

Resources