Hedera (HBAR)
Rank #25
Market snapshot
- Price
- $0.070522
- Market cap
- $3.1B
- 24h volume
- $68.9M
- Circulating supply
- 43,831,545,025.4806
- Total supply
- 50,000,000,000
- Max supply
- 50,000,000,000
What is Hedera?
Hedera is a public network built to meet the demands of real-world applications. Its native cryptocurrency, HBAR, is used to pay for transaction fees and access the network's services. Hedera combines enterprise-grade security with transaction finality in seconds, making it suitable for various applications.
How Hedera works
Hedera operates using a unique consensus mechanism that ensures transactions are ordered by consensus timestamps. This design prevents front-running and guarantees fair sequencing. Transactions are finalized in under three seconds and are irreversible, which enhances trust and compliance. The network is also preparing for post-quantum security. Additionally, the Hedera Council manages the network nodes, ensuring that they are operated by verified entities rather than anonymous participants.
Key information
- Symbol
- HBAR
- CMC rank
- #25
- Network / platforms
Hedera, Hedera Hashgraph
- Categories
- N/A
- Date added
- Sep 17, 2019
Key characteristics
Hedera is an open-source network that emphasizes compliance and security. It is categorized under various labels, including made-in-america, enterprise-solutions, and payments. The network supports a marketplace for tokenizing real-world assets, exemplified by RedSwan, which utilizes Hedera to tokenize commercial real estate. Hedera Guardian, an open-source platform for environmental solutions, is integrated with Verra’s Project Hub, showcasing its commitment to sustainability.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and the destination details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Hedera (HBAR)?
- Hedera is a decentralized public network that uses its native cryptocurrency, HBAR, for transactions and access to its services.
- How does Hedera operate?
- Hedera operates using a consensus mechanism that orders transactions by timestamps, ensuring fair sequencing and rapid finality.
- What are the key technical features of Hedera?
- Hedera is open-source, emphasizes compliance, and is managed by the Hedera Council, ensuring that nodes are run by verified entities.
- What are the risks associated with transferring HBAR?
- Users should be aware of volatility, verify addresses before transfers, and understand the implications of self-custody.
- How can I verify HBAR before acquiring it?
- Verify the asset name, network, and destination details before transferring HBAR.
- Where can I find official resources for Hedera?
- Official resources for Hedera can be found on their website at https://www.hedera.com/.
