HBAR
Hedera
$0.00000000AUD
Market Cap
19.9B AUD
24H Trade Vol.
1.9B AUD
Total Supply
38.3B
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0.00%
7D:
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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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