Hedera Hashgraph ($HBAR ) is a project that uses a new distributed ledger technology (DLT) called “hashgraph”, unlike traditional blockchain technology. HBAR is the native cryptocurrency of this network.
Here are the main features of the publication:
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1. Technology: Hashgraph
• A structure based on “gossip gossip” and “virtual voting” techniques can be used instead of Blockchain.
Thanks to this structure:
• Faster (thousands of transactions per second),
• More secure (Asynchronous Byzantine Fault Tolerance - aBFT),
• It offers lower transaction costs.
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2. Areas of Use
HBAR is used with the following components:
• Network service payment: For transactions such as transaction sizes, smart contracts, file storage.
• Staking and network security: HBAR is staked to incentivize nodes and secure the network.
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3. Hedera's Goals
• Enable the development of enterprise-level DApps and Web3 applications.
• Collaboration with large real-world companies (example: Google, IBM, LG, etc. are on the Hedera Governing Council).
• Providing a low-carbon, environmentally friendly infrastructure.
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4. Hedera Governing Council
• One of the most important aspects of HBAR that differentiates it is its governance.
• The network is managed by a decentralized but also large council of 39 global companies. Each has a say in network decisions and runs nodes in turn.
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In summary:
Hedera Hashgraph (HBAR) is a project that attracts attention with its corporate partnerships, aiming to provide a more efficient alternative to blockchain. Its goal is to provide DApps and digital services over a secure and fast infrastructure.
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