The current Hedera (HBAR) price stands at $0.1534**, with a 24-hour trading volume of **$94,963,141. Over the past day, the price has increased by 5.51%, and over the last week, it has risen by 2.26%. Hedera's market capitalization is $6,501,112,714, ranking it #25 in the crypto market. The circulating supply is 42,379,959,716 HBAR out of a maximum supply of 50,000,000,000 coins. At present, the price is 73.09% below its all-time high and 1,891.63% above its all-time low.
All data and prices are updated in real-time to provide accurate market insights.
What Is Hedera (HBAR)?
Hedera is a decentralized public network that enables the development of decentralized applications (dApps). It uses a unique consensus mechanism called Hashgraph, which offers improvements over traditional blockchain systems. Designed for speed, fairness, and efficiency, Hedera addresses common limitations like slow performance and instability found in earlier distributed ledger technologies.
Unlike conventional blockchains, Hedera's Hashgraph technology allows parallel transaction processing, achieving speeds of over 10,000 transactions per second (TPS). Transactions are typically completed within 5 seconds at an average cost of $0.0001. The platform also supports smart contracts, token creation, and decentralized file storage, making it versatile for various applications.
Key Features of Hedera
- High Throughput: Processes over 10,000 TPS.
- Low Fees: Average transaction cost is $0.0001.
- Fast Finality: Transactions confirm in under 5 seconds.
- Token Service: Allows easy minting of fungible and non-fungible tokens.
- Consensus Service: Provides a secure, verifiable event log.
- File Storage: Offers decentralized storage with features like Proof-of-Deletion.
Founders and Development
Hedera was co-founded by Dr. Leemon Baird and Mance Harmon. Dr. Baird, the chief scientist, invented the Hashgraph consensus algorithm. He previously worked as a senior research scientist in cybersecurity. Harmon, the CEO, has extensive experience in IT security, including projects for U.S. missile defense systems.
In 2015, Baird and Harmon established Swirlds, a company focused on building private ledgers for enterprises. Swirlds played a significant role in Hedera's development. The project also involved contributions from 39 diverse organizations, including firms from banking, healthcare, and legal sectors. Each organization holds an equal stake, with ownership capped at 2.6% per entity.
Hashgraph Consensus Mechanism
Hedera uses a patented Hashgraph consensus mechanism, a variant of Proof-of-Stake (PoS). HBAR holders can stake tokens to help secure the network. Governance is managed by a council of up to 39 organizations, which oversee the codebase, vote on decisions, and operate initial network nodes.
The system achieves asynchronous Byzantine fault tolerance (ABFT), ensuring network nodes agree on transaction order securely and fairly. The patented codebase allows public use for dApp development while preventing direct replication for competing networks.
Utility of HBAR Tokens
HBAR coins serve two primary functions: powering the network and enhancing security.
- Network Fuel: HBAR is used to pay for network services like token transfers, smart contracts, and data storage. Nodes receive HBAR as compensation for providing computing resources.
- Security: Staking HBAR helps protect the network from attacks, such as distributed denial-of-service (DDoS) incidents. Weighted voting based on staked tokens makes it economically difficult for malicious actors to manipulate consensus, as they would need to control over one-third of the total supply.
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Tokenomics and Supply
HBAR has a fixed maximum supply of 50 billion coins, making it deflationary. The circulating supply is approximately 42.38 billion. The distribution is as follows:
- 32.4% to the Hedera Treasury
- 24% allocated for network growth
- Remaining portions for purchase agreements, founders, employees, and service providers
An initial coin offering (ICO) was held in 2018 with a price of $0.12 per HBAR. Like other cryptocurrencies, HBAR's price is subject to market volatility and broader crypto trends.
Frequently Asked Questions
What is Hedera Hashgraph?
Hedera Hashgraph is a decentralized network using a consensus algorithm called Hashgraph. It enables fast, secure, and low-cost transactions, supporting dApps, token creation, and file storage.
How does Hedera achieve high transaction speeds?
Hedera processes transactions in parallel rather than linearly, allowing it to handle over 10,000 transactions per second with finality in under 5 seconds.
What is the role of HBAR tokens?
HBAR tokens are used to pay for network services, stake for security, and participate in governance through weighted voting.
Who governs the Hedera network?
A council of up to 39 organizations governs Hedera, ensuring decentralized decision-making and network integrity.
Is HBAR a good investment?
As with any cryptocurrency, HBAR carries investment risks due to market volatility. Researching its technology, use cases, and market position is essential.
Where can I learn more about staking HBAR?
For detailed guidance on staking and network participation, 👉 view real-time tools and resources.