[{"category":{"name":"BitScreener Exclusive","exported_url":"bitscreener-exclusive"},"id":"c9df0c26-533a-4ba0-9504-48a4ccfa70b3","updated_at":"2022-07-01T12:27:00+00:00","account":{"firstName":"Marigold","lastName":"Vance"},"description":"As a solution to tackle the problems resulting from blockchain technology, Hedera Hashgraph was born as a substitute for developers and users to transact and deploy decentralized applications by using public distributed ledger infrastructure, a distinctive feature distinguishing itself among others. Let’s take a deep dive into Hedera Hashgraph and its HBAR token!","sapo":"As a solution to tackle the problems resulting from blockchain technology, Hedera Hashgraph was born as a substitute for developers and users to transact and deploy decentralized applications by using public distributed ledger infrastructure, a distinctive feature distinguishing itself among others. Let’s take a deep dive into Hedera Hashgraph and its HBAR token!","title":"Hedera Hashgraph (HBAR): Is It a Good Investment?","content":"

History of Hedera Hashgraph

In 2015, a breakthrough innovation called Hashgraph was developed by Dr. Leemon Baird.

In the same year, Dr. Baird and his longtime friend and business partner, Mance Harmon, formed a company named Swirlds, Inc. which bootstrapped the formation of Hedera.

In 2016, the Hashgraph whitepaper is published, and Hashgraph is selected over more established solutions for use in private network pilots.

In 2018, Hedera was formally changed to Hedera Hashgraph, LLC. Hedera Hashgraph raised $120 million in its token sale. Hedera mainnet went live with 50 billion HBARs minted.

In 2019, the first Hedera Governing Council members were announced.

On September 15, 2021, the HBAR token hit the all-time high ever of $0.5518.

In 2020, Hedera Hashgraph started a partnership with Google for its governing council.

Hedera is now owned and managed by a "governing council" of up to 39 global companies and entities.

Overview of Hedera Hashgraph

Hedera Hashgraph is a novel model of the public distributed ledger technology for building and deploying decentralized applications (dApps) and microservices.

The public distributed ledger technology of Hedera supports the consensus in transaction validity and decentralized network to maintain confidentiality and fairness.

As an alternative to conventional blockchain technology, Hedera is a project built on a chain of blocks and the Directed Acyclic Graph (DAG) technology, which is a data storage in Hedera.

The Hedera Proof-of-Stake public network, powered by Hashgraph consensus, reaches the highest grade of security, blazing-fast transaction speeds and low bandwidth consumption.

About Hedera Hashgraph (HBAR) token

Hedera Hashgraph (Symbol: HBAR) is the native governance token of the entire Hedera ecosystem, used to power decentralized applications and protect the network from malicious activities.

Developers employ HBAR to fuel network services, such as transferring hbars, managing fungible and non-fungible tokens, and logging data.

HBAR token is also used to serve the following utilities:

Payment: HBAR token is used to pay transaction fees on the Hedera platform.
dApps access: HBAR holders can access dApps released on Hedera.
Staking: HBAR token is used for staking and becomes transaction Nodes.
Rewards: Users are rewarded with HBAR tokens when participating in the processing of Nodes.

How Hedera Hashgraph works

The architecture of Hedera Hashgraph is designed as follows:

Layer 1 is the Internet
Layer 2 is the Hashgraph consensus layer
Layer 3 is a service layer that comprises cryptocurrency, file storage and smart contracts.

Hedera Hashgraph employs a communication protocol called “The Gossip Protocol” and virtual “Voting-based consensus algorithms” to operate the entire platform.

The Gossip Protocol is utilized to transfer information between network nodes for approaching consensus on transactions.
Voting-based consensus algorithms reach consensus on transactions by calculating the number of votes cast by nodes on a distributed ledger network.

Hedera improves performance and security by three-component technology:

Sharding: Multiple Shards mode will be run after the Mainnet project reaches the required number of nodes, improving the performance of Nodes.
Staking: Token holders are allowed to participate in staking on the platform to become Nodes, directly processing transactions. Delegation is allowed to earn HBAR.
Smart Contract: The Smart Contract of the Hedera project currently uses the Solity language.

Features of Hedera Hashgraph

Hedera Hashgraph highlights some outstanding features, including:

Performance optimization: Hedera project enhances the ability of mass deployment, the problem of blockchain, with 10,000+ TPS performance.
Security: Hedera offers an aBFT consensus mechanism to guarantee high security among billions of transactions performed on the network.
Governance: The public distributed ledger system will be more reliable if it is run by a development team from different fields.
Stabilization: Hedera ensures system stability by using a combination of technical and legal mechanisms to make decisions.
Compliance with regulations: Hedera helps to control the technical and legal aspects to better maintain mass adoption of the platforms.

Is HBAR a good investment?

Employing the new model of the public distributed ledger technology, Hedera Hashgraph was developed for users to share, participate in games, buy and sell goods and services in a safe, fair and reliable trading environment.

Hashgraph platform is suitable for efficiency-focused businesses to build smart contracts/apps without entrusting the data center.

The world's leading financial institutions are collaborating with Hedera to implement blockchain services for their systems. This indicates its enormous potential for users to invest in its HBAR token, which remains at the price of $0.06185 on July 1 2022.

Explore all the trending topics and hottest news in the crypto market with our Blogchain.

Meanwhile, play trading game and earn real tokens with CryptoSim - Virtual Trading Game.

","tags":[],"image":{"fileName":"hedera-hashgraph-hbar-deep-dive.png"}}]

Hedera Hashgraph (HBAR): Is It a Good Investment?

Related topics