Hedera Hashgraph (HBAR) is a decentralized public network that enables fast and secure transactions, utilizing a consensus algorithm based on directed acyclic graph (DAG) technology.
Hedera Hashgraph (HBAR) is a decentralized public network where developers can build secure, fair, blazing-fast decentralized applications (dApps). Hedera uses a unique consensus mechanism called Hashgraph, which is more efficient than traditional blockchain consensus mechanisms. It aims to be a platform for the next generation of decentralized applications and digital assets, offering high throughput, low fees, and finality in seconds.
Hedera's native cryptocurrency, HBAR, serves various purposes within the network. It is used to pay for transaction fees, secure the network through staking, and participate in governance decisions. As a platform, Hedera seeks to combine the benefits of decentralization with the performance and security needed for enterprise-grade applications. With its focus on scalability, speed, and reliability, Hedera Hashgraph aims to enable new use cases across industries such as finance, supply chain, gaming, and beyond, contributing to the broader adoption of decentralized technologies.