We are in the dawn of new decentralized era where people who don’t know or trust each other can securely collaborate and transact online without the need for an intermediary. For distributed ledgers to go mainstream and enable this vision there are four issue that must be addressed.
Hedera Hashgraph is the enterprise grade public network that addresses this challenge. The underlying hashgraph consensus algorithm offers speed and scalability, fair ordering, and best-in-class security for mission-critical application. Hedera is a platform built on and built for ‘TRUST’.
MORE ABOUT HEDERA HASHGRAPH (HBAR)?
- Hedera Hashgraph is a next-generation blockchain designed to meet the rising demand of blockchain solutions. HBAR is an open review consensus algorithm developed in 2016 by Dr. Leemon Baired. Hedera is the decentralized public network and governing council, owned and governed by a global council including Braid’s company Swirls Corporation, along with corporation such as Boeing, Deutsche Telekom, Google, IBM, Tata Communication, LG and more. Bring them all together and you get Hedera Hashgraph-the only public distributed ledger in the world that uses the unique Hashgraph algorithm, with its very own native token, HBAR.
- HBAR coin are used to.
- Power decentralized application.
- Make payment.
- Secure Hedera’s Proof-of-Stake network.
The 3rd GENERATION LEDGER
|· Bitcoin pioneered decentralized infrastructure and Ethereum brought programmability. But earlier proof-of-work blockchains consume massive amounts of energy and process transactions slowly in order to achieve acceptable levels of security. Heavy bandwidth consumption by these technologies
· The Hedera proof-of-stake public network, powered by hashgraph consensus, achieves the highest-grade of security possible, with blazing-fast transaction speeds and incredibly low bandwidth consumption. By combining high-throughput, low fees, and finality in seconds, Hedera leads the way for the future of public ledgers.
|TRANSCATION PER SECOND||AVERAGE FEES(USD)||ARANSACTION CONFIRMATION|
|1st GENERATION||3+||$2.99||10-60 minutes|
|2ND GENERATION||12+||$2.89||10-20 seconds|
|3RD GENERATION||10000+||$0.0001||3-5 seconds|
WHY HEDERA HASHGRAPH(HBAR)?
- There are 3 major reason that why we should opt for HBAR.
1. Incredible throughput
- The Hedera network achieves 10,000 HBAR cryptocurrency transaction per seconds, in a single shard and on-ledger, without compromising on network security stability.
2. Predictably low fees
Hashgraph consensus is incredibly lightweight, allowing for the cost per HBAR transaction to be very small – around $0.0001 USD. In combination with high throughput, micropayments using a token on Hedera, or HBARs, is a practical reality.
3. Finality in seconds
- Never waits for back confirmations again. HBAR transaction achieve finality, on-ledger, within 3-5 seconds. Be confident in payment settlements and offer modern digital experience within your application.
WHERE HEDERA HASHGRAPH(HBAR) CAN BE USED?
- Currently the HBAR is being used at different sectors like Payments, Healthcare, Tokenized Assets, Fraud Mitigation, Identity, Data Compliance and many other fields.