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What is HBAR? Detailed introduction to HBAR coin online trading platform and total amount

The consensus algorithm utilized by HBAR, called Hashgraph, enables HBAR to achieve high throughput and low latency, making it suitable for demanding enterprise applications.

Oct 24, 2024 at 02:00 am

HBAR: A Comprehensive Overview

What is HBAR?

Hedera Hashgraph (HBAR) is a third-generation cryptocurrency platform designed to revolutionize distributed ledger technology (DLT) for enterprise applications. Unlike traditional blockchain platforms, HBAR utilizes a unique consensus algorithm called Hashgraph to achieve high throughput, low latency, and increased security.

HBAR Coin

HBAR is the native cryptocurrency of the Hedera Hashgraph platform. It serves several crucial purposes:

  • Transaction Fees: HBAR is used to pay transaction fees on the Hedera network.
  • Staking: HBAR holders can stake their coins to participate in the network's consensus mechanism and earn rewards.
  • Account Activation: New accounts on the Hedera network require a minimum HBAR balance to be activated.

History and Development

Hedera Hashgraph was founded in 2015 by a team of experienced technologists, including Dr. Leemon Baird. The network was launched in 2019 and has since gained significant adoption in various industries.

Key Features

  • Hashgraph Consensus Algorithm: HBAR utilizes the Hashgraph consensus mechanism, which allows for faster transaction processing times and higher scalability than traditional blockchain platforms.
  • Low Latency: HBAR transactions typically complete within seconds, making it ideal for real-time applications.
  • Enterprise Focus: HBAR is specifically designed for enterprise use cases, offering high security, compliance, and support for regulatory requirements.
  • Environmental Friendliness: The HBAR network is energy-efficient and does not rely on Proof-of-Work mining.

HBAR Coin Online Trading Platforms

HBAR is available for trading on numerous cryptocurrency exchanges, including:

  • OKX
  • Binance
  • Coinbase
  • Huobi
  • Kraken

Total Amount

The total supply of HBAR coins is 50 billion. Approximately 18 billion HBAR (36%) were distributed during the initial coin offering (ICO) in 2018, while the remaining 32 billion (64%) are held by the Hedera Governing Council.

Conclusion

HBAR is a pivotal cryptocurrency in the realm of enterprise DLT. Its unique Hashgraph consensus algorithm, low latency, and enterprise focus make it a compelling solution for businesses and organizations seeking to harness the power of blockchain technology. With a significant total supply and robust trading platforms, HBAR is well-positioned to continue expanding its reach and impact in the future.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

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