What is Hedera?
Hedera is a public network that uses hashgraph technology instead of a traditional blockchain. It is designed to provide a fast, fair, and secure platform for decentralized applications (dApps). Hedera stands out for its high transaction speed, low costs, and energy efficiency, making it suitable for both enterprises and developers seeking scalable solutions.
Whitepaper: https://hedera.com/papers?
How does Hedera work?
Instead of blocks and miners, Hedera uses a Directed Acyclic Graph (DAG) structure called hashgraph. This consensus mechanism leverages a “gossip-about-gossip” protocol and virtual voting. As a result, transactions can be processed in parallel, reaching consensus more quickly and fairly without requiring large amounts of energy.
The network is governed by the Hedera Governing Council, which consists of international companies and organizations that steer the development and direction of the network.
The token
Abbreviation: HBAR
Category: Utility Token
Blockchain: Hashgraph (not a traditional blockchain, but a DAG structure)
Protocol: Proof-of-Stake (PoS)
Year of launch: 2019
The technology behind Hedera
Hedera’s hashgraph technology offers an alternative to blockchain by ordering transactions asynchronously. This results in high throughput (over 10,000 transactions per second), low latency (2-3 seconds finality), and predictable low costs. It also supports smart contracts, decentralized file storage, and tokenization.
The Hedera ecosystem
The Hedera ecosystem is growing rapidly, spanning dApps across industries such as supply chain, DeFi, NFTs, gaming, and enterprise solutions. Companies like Google, IBM, and Boeing have joined the Hedera Governing Council, boosting trust and reliability in the network.
Who is the founder of Hedera?
Hedera was founded by Dr. Leemon Baird and Mance Harmon. Dr. Baird developed the hashgraph consensus, while Harmon, an experienced technology executive, helped establish the company and business structure. Together, they created Hedera Hashgraph to make the technology broadly accessible.
Impact on the environment
Click here to read more information about the environmental impact of this coin.
Risk disclaimer
Please note: for more information about this crypto asset, consult the official documentation via https://hedera.com/papers?
Before trading, make sure to read the general risk warning about crypto asset trading:
Cryptocurrencies, including Hedera (HBAR), are volatile and involve risks. The value of HBAR can fluctuate significantly, and investments may result in financial losses. Always do your own research and only invest money you are prepared to lose.
The BTC Direct disclaimer van be found here: https://btcdirect.eu/en-eu/disclaimer