Hedera Hashgraph (HBAR)
$0.1358 / $0.1232
What is Hedera Hashgraph (HBAR)
Per its white paper, Hedera Hashgraph (HBAR) is a public hashgraph network and governing body designed to address the needs of mainstream markets. Hedera believes that distributed ledger technologies (DLT) have a potential to disrupt and transform existing markets in multiple industries. Yet, there are some fundamental obstacles to overcome before DLTs can be widely adopted across industries and geographies; performance, security, governance, stability and regulatory compliance. Hedera claims to solve all those problems that current DLTs suffer from.
Hashgraph’s consensus algorithm supposedly provides near perfect efficiency in bandwidth usage and consequently can process hundreds of thousands of transactions per second in a single shard. The platform is using asynchronous Byzantine Fault Tolerance (aBFT) consensus algorithm for its security. Hedera claims its platform is unique in that it achieves the same result as the most ubiquitous public blockchains such as Bitcoin or Ethereum but in a way that is faster, fairer, energy efficient, stable, and secure.