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What is Hedera (HBAR)?

Hedera basic info

Name:Hedera
Ticker:
Introduction:

About Hedera

Hedera (HBAR) is a public network that leverages the hashgraph consensus algorithm to enable fast, fair, and secure transactions. Unlike traditional blockchain">blockchain technology, Hedera doesn't form a single chain of blocks but instead weaves all transactions into a single whole, ensuring that no data is discarded. This innovative approach allows Hedera to process hundreds of thousands of transactions per second, with consensus latency measured in seconds, making it one of the most efficient and scalable platforms in the distributed ledger space.

The vision of Hedera is to create a trusted, secure, and empowered digital future for all. Its mission revolves around building a safe and private digital community where users can interact with confidence. Hedera aims to provide a platform where individuals can work, play, buy, sell, create, and engage socially with safety and privacy. The emphasis on trust, security, and empowerment reflects Hedera's commitment to fostering a positive digital environment for all users.

Hedera was founded in 2017 by American technologists Leemon Baird and Mance Harmon, who also launched Swirlds Labs. Both founders possess extensive experience in the software development and tech industry, with expertise spanning AI, security, defense, identity, and more. As of August 2023, the Hedera network processes 66,670,036 transactions per day, with an average transaction time of 5.64 seconds.

Resources

Whitepaper: https://hedera.com/hh_whitepaper_v2.1-20200815.pdf

Official website: https://hedera.com/

How Does Hedera Work

Hedera leverages the hashgraph consensus algorithm to enable a decentralized network capable of processing hundreds of thousands of transactions per second. Unlike traditional blockchain, where blocks can be discarded, Hedera incorporates every container of transactions into the ledger, ensuring efficiency and fairness. The system's asynchronous Byzantine Fault Tolerance (aBFT) provides robust security, including resilience to Distributed Denial of Service (DDoS) attacks, and ensures fair access and ordering of transactions.

The governance of Hedera is overseen by a council of up to 39 leading global enterprises, reflecting a diverse range of industries and geographies. This decentralized governance structure ensures that no single member has control, and no small group can exert undue influence. Stability is further ensured through technical controls that validate the pedigree of the ledger and legal controls that prevent unauthorized forks, providing a stable platform for mainstream adoption.

Hedera also emphasizes regulatory compliance, with features like controlled mutability of the network state and the ability to attach additional data to transactions. These features enable compliance with regulations like GDPR and facilitate Know Your Customer (KYC) and Anti Money Laundering (AML) checks. While not open source, Hedera's code is publicly available for review, ensuring transparency and stability through the defensive use of hashgraph software patents.

What is HBAR Token?

HBAR is the native token of Hedera, used to power the network and enable various functionalities. HBAR has a hard cap maximum supply of 50 billion. At the moment, there are 38.24 billion HBAR tokens in circulation.

- Transaction Fees: HBAR is used to pay for transaction fees on the network, ensuring that users contribute to the network's maintenance. The cost per HBAR transaction to be very small, around $0.0001 USD

- Network Security: HBAR tokens are staked by nodes to secure the network, providing incentives for honest behavior.

- Smart Contracts and Decentralized Applications (DApps): Developers can use HBAR to build and deploy smart contracts and DApps on the Hedera network.

- Governance: HBAR also plays a role in governance, allowing token holders to have a say in network decisions.

Conclusion

Hedera represents a significant evolution in the field of distributed ledger technology. By leveraging the hashgraph algorithm, it offers unparalleled performance, security, and fairness. The HBAR token, as an integral part of the ecosystem, facilitates transactions, security, and development on the platform.

It's important to note that like any other cryptocurrencies, Hedera carries its own risks and it's always wise to do your own research and exercise caution while investing.

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Current price:
All-time high:$0.5701
All-time low:$0.01001

HBAR supply and tokenomics

Circulating supply:38,252,163,000 HBAR
Total supply:50,000,000,000 HBAR
Max supply:50,000,000,000 HBAR
Market cap:$10.32B
Fully diluted market cap:$13.49B

Links

Buy Hedera for $1Buy HBAR now

What is the development prospect and future value of HBAR?

The market value of HBAR currently stands at $10.32B, and its market ranking is #18. The value of HBAR is widely recognized by the market. When the bull market comes, the market value of HBAR will likely continue to increase.

Moreover, if HBAR can play a greater role in practical applications, such as Hedera builders fully leveraging the potential of HBAR, partnering with more businesses, and increasing its user base, the long-term value of HBAR will be significantly enhanced.

What will the price of HBAR be in 2025?
Based on HBAR's historical price performance prediction model, the price of HBAR is projected to reach $0.4132 in 2025.
What will the price of HBAR be in 2030?
In 2030, the HBAR price is expected to change by -15.00%. By the end of 2030, the HBAR price is projected to reach $0.8489, with a cumulative ROI of +237.54%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of HBAR and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is HBAR worth investing or holding? How to buy HBAR from a crypto exchange?

If you want to buy HBAR, the following information may be helpful for your investment decisions:
In the last 7 days, the price of HBAR has fallen by -5.87%, leading to negative returns for most HBAR investors. The market is currently pessimistic about the price trend of HBAR.
It is important to note that the current price of HBAR has retreated by -52.68% from its all-time high. This coin is currently considered medium-risk, and its price may rebound or continue to fall.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether HBAR is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in HBAR or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of HBAR, if you want to buy or sell HBAR, you can consider Bitget for your trading needs. The best place to buy HBAR is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Hedera has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Hedera. Here's a step-by-step guide on how to buy Hedera on Bitget.

How to get Hedera through other methods?

Using cash to buy Hedera is not the only way to obtain Hedera. If you have the time to spare, you can get Hedera for free.
Learn how to earn Hedera for free through the Learn2Earn promotion.
Earn free Hedera by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Hedera airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Hedera through Bitget Convert, Bitget Swap, or spot trading.

What is Hedera used for and how to use Hedera?

The use case of Hedera may expand as the crypto market and the project itself develop. Currently, you can use HBAR to achieve the following goals:
Arbitrage by trading HBAR: Since HBAR is a frequently traded cryptocurrency, the price of HBAR is always fluctuating. Earn more HBAR by buying low and selling high on the exchange. Bitget spot market provides a variety of HBAR trading pairs to fully meet your needs.
Earn by staking HBAR: You can also generate income through financial management methods such as staking HBAR or lending HBAR. Bitget Earn offers a variety of financial products designed to help you earn more income from your HBAR.
Send or pay HBAR: If you want to give HBAR to your friends, a charity, or a fundraiser, or you want to pay someone with HBAR, you can quickly and easily send HBAR to the recipient through their payment address.
You can also go to the official website of the Hedera project to learn more about the use cases of HBAR. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

Hedera Wiki

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HBAR resources

Tags

DAG
Enterprise Solutions
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Links
Hedera WebsiteHedera WhitepaperHedera TwitterHedera Github

HBAR price calculator

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HBAR
USD
1 HBAR = 0.2703 USD
Last updated (UTC-0)
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