Hedera Hashgraph HBAR
- Market Cap
- $1.63B (#38)
- 8.81B / 50.00B
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 Direct...Read more
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.
$HBAR / USD
How does Hedera Hashgraph's (HBAR) performance compare to assets of a similar market capitalization?
30 Day Return
Similar Market Cap
60 Day Return
Similar Market Cap
1 Year Return
Similar Market Cap
We're monitoring 56 Github repos for the Hedera Hashgraph project.
Commits vs. The Market
- Past 4 weeks: 286 commits vs. an average of 58
- Past 12 weeks: 1,558 commits vs. an average of 244
- Past year: 8,113 commits vs. an average of 1,512
Top Repos by Code Commits
|Reddit Subscribers (hashgraph)||22,056|
|Active Reddit Users||280|