Since the advent of bitcoin, blockchain technology has been considered the best solution for the functioning of cryptocurrencies. However, more than a decade has passed since its emergence, and today there are alternatives to blockchain that, according to experts, surpass it in many respects. Therefore, the tokens issued on the new technology are highly valued in the crypto community and have a great future. One of these is the hash graph crypto.
Full name - Hedera Hashgraph (HBAR). It's a token of the platform of the same name that allows users to perform thousands of transactions per second without compromising security
The Hedera Hashgraph coin token is the native cryptocurrency of the Hedera Hashgraph public network. It gives holders access to decentralized applications built on the platform. It can also be used for blockchain share, passive earnings, or to launch a node.
The main purpose of the Hashgraph token is to power the Hedera Hashgraph network. No one can launch a node and take advantage of Hedera Hashgraph without having HBAR in their account. In addition, it is used to cover transaction confirmation commissions.
A total of 50 billion HBARs will be issued. The first coins went to the ICO investors of the project. Another part of HBAR went to consultants, sellers, and other participants of the network. The remaining coins will be put on the market by the governing board for 15 years.
As mentioned, this is the native token of the Hedera Hashgraph network, which means it is the network behind its creation. And it is the network that has been called the main competitor to the blockchain.
Hedera can be called a revolutionary project that aims to create a qualitatively new technology that is an alternative to the common classical blockchain format. It is based on DAG technology, which allows to record transactions, not in a chain, but in the form of a specific grid created using an acyclic graph.
Because of this, Hedera Hashgraph has the following advantages:
Highest transaction speed.
Perfect security and network safety from DDoS attacks.
Low commissions.
Equal treatment of all network members (no higher speed based on higher commissions, all transactions are checked equally until they get approval from 2/3 of the network nodes).
In order to use the Hedera Hashgraph network to run your own decentralized applications, you must run your own node. And the node will require HBAR on the account to function.
At the start, the HBAR crypto price was less than one dollar. At the moment, the Hedera cryptocurrency has entered certain stability and has a price tag of around half a dollar. Nevertheless, the current stability is encouraging and suggests that future systematic growth is possible, especially if the project starts to grow more actively.
The exact number of tokens circulating in the market is unknown, but HBAR-based transactions regularly involve approximately $12 million in assets per day.
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