Buy Hedera (HBAR)
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.
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Frequently Asked Questions (FAQs)
What is the current price of Hedera (HBAR)?
The Hedera price is $0.51052947 AUD, representing a -4.4% from the day prior.
Where is the best place to buy Hedera (HBAR) in Australia?
The best place to buy Hedera (HBAR) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Hedera (HBAR) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Hedera (HBAR)?
The trading volume of Hedera (HBAR) is $854.0M AUD in the last 24hrs, representing a -4.4% from the day prior.
How can I buy Hedera (HBAR)?
Hedera (HBAR) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Hedera (HBAR)?
The current market cap of Hedera (HBAR) is $19.5B AUD.
Can I convert Hedera (HBAR) to cash?
Yes - With Coinstash you can convert your Hedera (HBAR) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Hedera (HBAR) are there?
The current circulating supply of Hedera (HBAR) is 38.3B.
Is Coinstash a safe place to buy Hedera (HBAR) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Hedera (HBAR) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.