$HBAR WHAT IS COIN?

Hedera (HBAR) is a platform designed to create and manage decentralized applications, designed as a governance body with a completely open source and open network. Hedera uses the Proof-of-Stake consensus mechanism.

The Hedera network offers three basic tools to its developers. These tools are Solidity-based smart contracts, a consensus mechanism, and token services. Based on the Hashgraph consensus algorithm, Hedera explains that it has a fast, energy-efficient (carbon negative) and secure structure.

The Hashgraph algorithm allows Hedera to function differently from blockchains such as Bitcoin and Ethereum. Hashgraph technology is designed as an alternative to blockchain technology and aims to provide a more efficient distributed ledger infrastructure. A hashgraph network can provide similar security and decentralization to a blockchain network, while offering better performance and lower costs.

Hedera is currently the only hashgraph network in the world, and the HBAR coin used to pay for transaction fees on the network is the only hashgraph coin.

Hedera’s founders include American computer scientist and former computer science professor Leemon Baird. Baird invented the hashgraph distributed consensus algorithm and later collaborated with major investors to launch the Hedera project. The project was released in 2018, and Hedera’s board of directors consists of a number of companies responsible for managing consensus nodes on the network and overseeing the development of the project. Today, Hedera’s board of directors includes many major companies.

The total supply of HBAR coins is set at 50,000,000,000 HBAR, and it is expected that approximately 17.03 billion HBAR coins will be in circulation by 2025.