$HBAR HBAR coin is the digital currency of the Hedera Hashgraph network, a network based on an innovative technology called "Hashgraph", which is different from traditional blockchain technology. Here is a simple explanation of the HBAR coin and the work of the Hedera network:

What is the Hedera HHashgraphm network

The Hedera network is a decentralized platform that provides services such as smart contracts, data storage, and value transfer.

It is based on Hashgraph technology, which is considered faster and more efficient than blockchain in terms of speed and scalability.

It is designed to be an alternative for applications that require high performance, such as payment systems or decentralized applications (DApps).

HBAR coin Primary role

It is used to pay transaction fees on the network.

It is used as an incentive for participants who help run the network (such as verifying transactions).

HBAR coin advantages:

High speed: It can process thousands of transactions per second.

Low cost: Transaction fees are very cheap (less than $ 0.01 per transaction).

Energy Efficient: It is considered one of the most environmentally friendly networks compared to other currencies such as Bitcoin.

Security in the Hedera Network

The network is based on a protocol called Asynchronous Byzantine Fault Tolerance (aBFT), which is a very high level of security that prevents any hacking or manipulation.

Uses of hbar

Payment for services on the network.

Running decentralized applications.