$HBAR will reach $1 if can break orange line 0.57 on bull run season ??
keep your eyes on yellow line for best opportunity
Hedera Hashgraph (HBAR) is the native cryptocurrency of the Hedera network, which is a distributed ledger platform designed to provide high-speed, secure, and scalable transaction processing. Unlike traditional blockchains, Hedera uses a unique consensus mechanism called hashgraph technology.
Key Points About HBAR:
1. Purpose of HBAR:
Network Fees: HBAR is used to pay for transaction fees and other operations on the Hedera network.
Staking: HBAR can be staked to help secure the network and participate in consensus.
Incentives: It is also used to encourage and reward participants on the network.
2. Hashgraph Technology:
Consensus Mechanism: Instead of traditional blockchains, Hedera uses hashgraph, which allows for faster transaction speeds, low fees, and high throughput.
Energy Efficiency: The hashgraph is significantly more energy-efficient compared to proof-of-work systems like Bitcoin.
3. Governance:
Hedera is governed by a decentralized council consisting of major global companies such as Google, IBM, LG Electronics, and Boeing. These members ensure fairness and stability in decision-making.
4. Speed and Scalability:
Handles up to 10,000 transactions per second (tps), significantly higher than Bitcoin or Ethereum.
Transactions are finalized in seconds.
5. Use Cases:
Enterprise Applications: Secure and efficient data sharing, supply chain tracking, and digital identity solutions.
Payments: Fast, low-cost micropayments and remittances.
Decentralized Finance (DeFi): Smart contracts and tokenized assets.
NFTs and Gaming: Applications leveraging Hedera's speed and low transaction costs.
6. Tokenomics:
Total Supply: 50 billion HBAR.
Distribution: A portion of HBAR is allocated for network development, ecosystem growth, and governance.
