About Hedera Hashgraph
Hedera is positioned as the premier, widely utilized, sustainable, enterprise-grade public network for the decentralized economy, offering individuals and businesses the capability to develop robust decentralized applications (DApps).
It's engineered to address the shortcomings faced by older blockchain-based platforms, such as sluggish performance and instability, aiming for a fairer and more efficient system.
The project was kickstarted through an initial coin offering (ICO) in August 2018, with its mainnet being opened to the public just over a year later in September 2019. During the ICO, investors had the opportunity to acquire the platform's native utility token (HBAR) at the lowest possible price.
HBAR serves a dual purpose within the Hedera public network. Firstly, it functions as the fuel that powers various Hedera services, including smart contracts, file storage, and regular transactions. Secondly, it plays a role in securing the network, as HBAR holders can stake their tokens to assist in maintaining platform integrity.
Hedera Hashgraph, the platform's native cryptocurrency, is geared towards providing an alternative to traditional blockchain technology, excelling in speed, efficiency, and security.
While older blockchains often utilize consensus mechanisms like proof-of-work (PoW), and newer ones opt for proof-of-stake (PoS), the Hedera Hashgraph system features a distinct structure designed specifically for the project. Operating on a PoS model, it is intended to enhance transaction verification efficiency, bolster security, and safeguard against potential cyber threats. The ecosystem incorporates the hashgraph consensus algorithm and a global enterprise governing body.
Distinguished from other blockchains by its use of a novel consensus algorithm called hashgraph, Hedera endeavors to expedite transaction processing, eliminate delays, and optimize the transactions per second (TPS) metric. Hashgraph is touted for its improvements in transaction speed, cost-effectiveness, and scalability.
Hedera offers core network services, including the Consensus Service (HCS), which facilitates consensus timestamping and ordering of messages, and the Hedera Token Service (HTS), enabling token creation and management with built-in tokenization capabilities.
A standout feature of the network is the Gossip-about-Gossip protocol, where nodes relay data about themselves to other nodes via hashgraph using the Gossip protocol, fostering node familiarity and forming a structured data framework.
HBAR, the native token of Hedera, is instrumental in powering applications on the network, utilized for network services, transaction fees, in-app payments, and micropayments. Developers can utilize HBAR tokens to pay for network fees associated with smart contracts, file storage, and currency exchange, among other functions.
With a decentralized governance system, Hedera Hashgraph distinguishes itself through decision-making processes handled by the Governing Council, covering critical aspects such as pricing policy, software updates, and wealth management.
HBAR Price Live Data
The live Hedera Hashgraph price today in INR is ₹ 23.14 , with a 24-hour trading volume of ₹ 7848863.03 . Crypshots updates this HBAR to INR price in real-time. The current Hedera Hashgraph price reflects a -0.98% change in the last 24 hours, with a market cap of ₹ 827.00G . There are 35.74G HBAR coins in circulation today.
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