$HBAR LET'S SEE DETAILS 👇

Key Features of HBAR:

1. Hashgraph Consensus Algorithm:

Unlike traditional blockchains, Hedera uses a unique consensus algorithm called Hashgraph.

This algorithm is more efficient than blockchain-based systems, offering higher speed, security, and scalability.

2. Energy Efficiency:

Hedera is known for its low energy consumption compared to other blockchains like Bitcoin and Ethereum. This makes it more environmentally friendly.

3. Speed and Scalability:

The network can handle 10,000+ transactions per second (TPS), significantly faster than most blockchain platforms.

4. Low Transaction Costs:

HBAR transactions have predictable and low fees, typically costing less than a fraction of a cent.

5. Security:

Hedera's asynchronous Byzantine Fault Tolerance (ABFT) ensures robust security against malicious actors.

HBAR Utility:

HBAR serves two primary purposes:

1. Fuel for Transactions:

It is used to pay for network services like transactions, smart contracts, file storage, and data access.

2. Network Security:

HBAR tokens are staked to nodes to support the network's security and operation.

Use Cases:

Hedera enables various applications, such as:

Payment Systems: Fast and low-cost payments.

Supply Chain Tracking: Real-time tracking and verification of goods.

Decentralized Identity: Building secure and private digital identities.

Tokenization: Creating and managing fungible and non-fungible tokens (NFTs).

DeFi: Supporting decentralized financial platforms

Governance:

Hedera is governed by the Hedera Governing Council, which consists of leading global organizations like Google, IBM, Boeing, and Tata Communications. These members manage software updates and ensure network fairness

HBAR Tokenomics:

Total Supply: 50 billion HBAR.

Circulating Supply: A portion of the total supply is released over time to encourage sustainable network growth and adoption.