Hedera Hashgraph (HBAR)

Hedera Hashgraph (HBAR) is a native cryptocurrency that powers the Hedera network. Hedera is a decentralized, open-source, public ledger that utilizes the leaderless, asynchronous Byzantine Fault Tolerance (aBFT) hash graph consensus algorithm. It is governed by a decentralized council of leading enterprises, universities, and web3 projects worldwide. Hedera offers high throughput with fast finality, low and predictable fees, fair transaction ordering with consensus timestamps, and a robust codebase for scalability and reliability.

Hedera’s performance-optimized Ethereum Virtual Machine (EVM) smart contracts, along with its native tokenization and consensus service APIs, enable developers to create real-time web3 applications and ecosystems. The network is designed to empower the next generation of the internet by providing a secure and scalable platform for various use cases, including payments, decentralized finance (DeFi), non-fungible tokens (NFTs), decentralized identity, decentralized logs, and sustainability solutions. Hedera is governed responsibly by leading organizations to ensure a collusion-resistant network.

Developers on Hedera have access to intuitive APIs, EVM smart contracts, and a robust codebase that provides scalability and reliability for their applications. Transactions on Hedera settle with finality in 3-5 seconds, with an average cost of $0.001 per transaction. Hedera is committed to sustainability and is considered the most energy-efficient public network, with an average energy consumption of 0.000003 kWh per transaction. Whether you’re building a weekend project or a mission-critical web3 application, Hedera offers the tools and platform for developers to innovate and build the future of the internet.