What is Hedera (HBAR)?
Hedera is the most widely used and sustainable enterprise-level public network for the decentralized economy that allows individuals and businesses to build powerful decentralized applications (DApps).
It is designed to be a fairer and more efficient system that eliminates some of the limitations faced by blockchain-based platforms – such as slow performance and instability.
It was funded through an initial coin offering (ICO) in August 2018 and first launched open access to its mainnet a little over a year later in September 2019. As part of the ICO, investors were able to purchase the native utility token (HBAR) at the lowest possible price.
The HBAR token has a dual role within the Hedera public network.
First and foremost, HBAR is the fuel that powers Hedera services, such as smart contracts, file storage, and regular transactions. Second, it is used to help secure the network, as HBAR users can stake their tokens to help maintain the integrity of the platform.
Who are the founders of Hedera Hashgraph?
Hedera Hashgrave has two founders: Dr. Lemon Bird and Mance Harmon.
Dr. Lemon Bird is credited as an investor in the distributed consensus algorithm hashgraph and currently serves as the Chief Scientist of Hedera.
Prior to founding Hedera Hashgraph, Baird has over a decade of experience in various computer science and security roles, previously working as a senior research scientist at the Cyberspace Research Academy. He is also the co-founder and CTO of Swirlds Inc., a platform for building DApps.
On the other hand, Mance Harmon is the CEO of Hedera and a seasoned technology executive and seasoned entrepreneur. Harmon has nearly two decades of experience holding executive positions at prominent companies – many of them in the IT security industry. Like Dr. Lemon Bird,
Mance Harmon also holds a second position at Swirlds Inc., as co-founder and CEO.
In addition to the founders, Hedera's leadership team also consists of over a dozen individuals, many of whom have distinguished careers.
What makes Hedera Hashgraph unique?
Unlike most other cryptocurrency platforms, Hedera Hashgraph is not built on top of a traditional blockchain. Instead, it offers a kind of
A completely new type of distributed ledger technology known as Hashgraph.
This technology allows it to improve on many blockchain-based alternatives in several key areas, including speed, cost, and scalability. Hedera transactions have an average transaction fee of just $0.0001 and typically close in less than five seconds. Overall, Hedera Hashgraph claims to be able to handle over 10,000 transactions per second (TPS) — compared to around 5-20 for most proof-of-work (PoW) blockchains.
The platform offers many major network services. These services include:
1. A token service that allows users to create and mine both fungible and non-fungible tokens (NFTs) on Hedera with just a few lines of code.
2. A consensus service that acts as a trust layer for any application or network that needs a secure, verifiable event log.
3. Smart contract tools that allow developers to build powerful and efficient decentralized applications.
4. Decentralized file storage services with features include proof of deletion, controlled reproducibility, and time-based file expiration.
Information about HBAR coin:
1. We are ranked#37among digital currencies.
Its current price is $0.3146.
2. The highest price it achieved was $0.5701 on 9/16/2021.
3. The lowest price it reached was $0.01001 on 1/2/2020.
4. Classification: TOKEN.
5. Total offered: 50,000,000,000.
