Hedera is an open-source, fast, proof-of-stake (PoS) blockchain network and governance platform that allows developers to build and deploy decentralized applications (dApps) in the popular Solidity programming language. Hedera implements smart contract protocol within its network design, along with the hashgraph consensus algorithm, which makes the network apart in some ways. Besides that, Hedera has two other layers - Consensus, which is the unique Hashgraph model, and lastly the token service for minting and deploying new cryptocurrencies and non-fungible tokens (NFTs).
Hedera is known for being incredibly fast, secure and energy-efficient. In fact, it leaves a negative carbon footprint. The Hedera network cryptocurrency is HBAR, which runs on the independent platform. It is used in the PoS consensus mechanism by network validators who assist in validating transactions and introducing new blocks to the network, as well as in protecting it. HBAR is also used in the creation and operation of dAppscreated on Hedera. HBAR price is updated live on Binance.