What Is Hedera Hashgraph?
Hedera Hashgraph is a public, open-source, proof-of-stake (PoS) network developed by a team led by co-founders Dr. Leemon Baird and Mance Harmon. HBAR, its native cryptocurrency, powers the network with energy-efficient transactions, used for:
- Paying application transaction fees (avg. $0.0001 USD).
- Securing the network via PoS.
- Achieving 10,000 TPS (transactions per second).
Staking HBAR yields up to 6.5% APY.
Key Features of HBAR
- Fixed supply: 50 billion coins.
- Fast finality: 3–5 seconds per transaction.
- Low bandwidth consumption: Optimized for scalability.
Who Created Hedera Hashgraph?
The project was launched by Dr. Leemon Baird (award-winning cryptographer) and Mance Harmon (serial entrepreneur). Both transitioned to Swirlds Labs in 2022 but remain active in Hedera’s governance council.
Team Background
- Dr. Baird: Invented Hashgraph consensus.
- Harmon: 20+ years in tech leadership.
- Combined expertise in blockchain, cryptography, and fintech.
How Does Hedera Hashgraph Work?
Hedera uses hashgraph consensus for:
- Asynchronous Byzantine Fault Tolerance (ABFT): Highest security standard.
- Ultra-fast transactions: 10,000 TPS.
- Fair transaction ordering: No miner advantage.
Use Cases for HBAR:
- Tokenizing assets (fungible/NFTs).
- Smart contract execution.
- Decentralized data storage.
FAQs About Hedera (HBAR)
1. What is HBAR used for?
HBAR pays for network services (e.g., transfers, smart contracts) and secures the PoS system.
2. Where can I buy HBAR?
👉 Trade HBAR on OKX or other major exchanges.
3. Is Hedera eco-friendly?
Yes—its PoS mechanism consumes minimal energy vs. proof-of-work blockchains.
4. What’s HBAR’s max supply?
50 billion coins (fixed).
5. How fast are HBAR transactions?
3–5 seconds with 10,000 TPS capacity.
Why Invest in HBAR?
- Enterprise adoption: Partnerships with Google, IBM, and LG.
- Scalability: Ideal for high-throughput dApps.
- Low fees: Cost-effective for microtransactions.
👉 Explore HBAR staking rewards
Keywords: Hedera Hashgraph, HBAR price, HBAR staking, Hashgraph consensus, cryptocurrency, proof-of-stake, blockchain technology
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