Hedera Hashgraph Logo

Hedera Hashgraph HBAR

Hedera Hashgraph header image

1. Summary

Fundamental Rank
Developer Rank
Social Rank
Coinrank
Price
$0.33 -4.7%
Market Cap
$3.37B (#40)
Supply
10.29B / 50.00B
Description

The Hedera Hashgraph is a cryptocurrency network that attempts to serve as a platform where everyone has the ability to transact, deploy applications and where a group of businesses can oversee the software. It can be defined as a faster, more secure alternative to blockchain, where it uses a technology known as Directed Acyclic Graph.

The Hedera Hashgraph is a cryptocurrency network that attempts to serve as a platform where everyone has the ability to transact, deploy applications and where a group of businesses can oversee the software. It can be defined as a faster, more secure alternative to blockchain, where it uses a technology known as Directed Acyclic Graph.

Hedera is a blockchain through the fact that it is built on a chain of blocks, however, you can imagine it as a graph, where the speed of verifying the transactions goes up as more transactions are added to the network. This technology is designed to enable the Hedera Hashgraph to achieve more than 100,000 transactions per second.

The HBAR Token Explained

HBAR is the native cryptocurrency token of the Hedera network.

The interesting part about it is the fact that it has a fixed supply of 50 million HBARs. It is used as a fuel within the network, where you can pay for transaction fees with it and for in-app payment and micropayments. Alongside this, it is also used for network protection due to the fact that Hedera is a proof-of-stake network.

Features of Hedera Hashgraph

One of the most interesting features about Hedera is its data structure for grouping transactions known as a Hashgraph, which claims to process transactions a lot cheaper when compared to existing blockchains. The Hashgraph is a patented algorithm, where all of the nodes are communicating their information on a constant basis with one another and was originally designed for private use only. However, this network is the first iteration of the algorithm that is used in a public network.

To ensure that all of the computers on this network agree on its transaction history, it uses the Hashgraph consensus mechanism, and to power it, two nodes are used.

Consensus nodes determine transaction ordering and history. Mirror nodes relay this information to other stakeholders throughout the network.

Though using this limited number of nodes to determine its history, this model can ensure that the transactions will not later be undone.

The Hedera Hashgraph is governed by the Hedera Governing Council that is charged with running the consensus nodes that determine transaction ordering.

Founders of Hedera Hashgraph (HBAR)

The founders of Hedera Hashgraph include Dr. Leemon Baird and Mance Harmon.

Discussing Dr. Leemon Baird, he is credited as the investor of the Hashgraph distributed consensus algorithm. At this point in time, he works as Hedera’s chief scientist. However, before founding it, he had worked for more than a decade in various computer science and security roles and was a senior research analyst at the Academy Center by Cyberspace Research. He also has the position of co-founder and CTO at Swirlds Inc, which is a platform through which developers can build dApps.

Discussing Menace Harmon, he is the co-founder and CEO at Hedera. He is an experienced technology executive as well as a seasoned entrepreneur and has two decades of experience in terms of holding executive roles at many IT security firms. He has a second position at Swirlds Inc, as well as the co-founder and CEO.

2. Price

$HBAR / USD

2.1. Market Performance

How does Hedera Hashgraph's (HBAR) performance compare to assets of a similar market capitalization?

30 Day Return

35.8%

HBAR

14.1%

Similar Market Cap

60 Day Return

67.0%

HBAR

71.4%

Similar Market Cap

1 Year Return

916.8%

HBAR

256.0%

Similar Market Cap

3. Developer Activity

We're monitoring 63 Hedera Hashgraph Github repos for commits, code additions and deletions. This data is factored into the Developer Rank.

Weekly Commits (All Hedera Hashgraph Repos)

Commits vs. The Market

  • Past 4 weeks: 155 commits vs. an average of 40
  • Past 12 weeks: 683 commits vs. an average of 144
  • Past year: 5,924 commits vs. an average of 980

Most Active Repos

Past week 75
Past 12 weeks 205
Past year 2967
Past week 11
Past 12 weeks 69
Past year 686
Past week 36
Past 12 weeks 110
Past year 654
Past week 0
Past 12 weeks 27
Past year 524
Past week 19
Past 12 weeks 70
Past year 452
Past week 29
Past 12 weeks 110
Past year 410
4. Social Activity
Reddit Subscribers 29,931
Active Reddit Users (past 24h) 217
Telegram Users 11,295
Twitter followers 142,456
5. News
6. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://www.hedera.com/
Explorer https://hash-hash.info/
Twitter @hedera
reddit /r/hashgraph
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