The HBAR token, native to the Hedera Hashgraph network, has undergone several updates and developments:
1. **Token Release Schedule**: As of the latest updates, approximately 70% of the total 50 billion HBAR tokens are in circulation, with the remaining subject to a controlled distribution schedule managed by the Hedera Governing Council.
2. **Staking Implementation**: Hedera has introduced a phased staking program for HBAR. It started with establishing technical availability, moved to integration with exchanges and wallets, and now includes staking rewards. These phases aim to enhance network security and provide returns to stakers.
3. **Network Upgrades**: Recent network updates include the implementation of features like Frictionless Airdrops and the ability to update token custom fee schedules via smart contracts, enhancing the network's functionality and user experience.
4. **Governance and Development Funding**: The Hedera Council has approved the allocation of a significant number of HBARs for further network development and to support decentralized governance, indicating a move towards greater community involvement in decision-making processes.
5. **Performance Enhancements**: There are mentions of upcoming major technical upgrades aimed at significantly increasing transaction speeds, potentially making Hedera one of the fastest networks globally.
These updates reflect Hedera's commitment to improving the utility, security, and governance of the HBAR token, positioning it as a key player in the blockchain ecosystem with a focus on efficiency, scalability, and decentralized application development.
