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$HBAR


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Here's the detailed information about the cryptocurrency associated with the number 114:

Hedera (HBAR)

Overview: Hedera (HBAR) is a public distributed ledger and cryptocurrency designed for high-performance decentralized applications (dApps) and enterprise-level solutions. Hedera aims to provide a more secure, scalable, and sustainable alternative to traditional blockchain networks. It uses a unique consensus mechanism called Hashgraph, which is designed to address the scalability issues faced by blockchain networks like Bitcoin and Ethereum.

Key Features:

Hashgraph Consensus: Hedera does not use traditional blockchain technology; instead, it uses the Hashgraph consensus algorithm. This allows for faster transaction speeds and greater scalability while maintaining a high level of security. Hashgraph’s approach ensures that the network can scale more effectively than conventional blockchains.
High Throughput and Low Latency: Hedera is designed to handle thousands of transactions per second (TPS) with low latency, making it ideal for applications that require fast and efficient processing, such as financial services and supply chain tracking.
Governance by Trusted Nodes: Unlike most decentralized blockchains, Hedera is governed by a council of global organizations. These organizations serve as the governing body for the network, ensuring that the platform operates efficiently and in the best interest of the users.
Energy Efficiency: Hedera aims to provide a more energy-efficient alternative to blockchain networks. The Hashgraph consensus algorithm requires less energy than proof-of-work (PoW) systems like Bitcoin.
Security: Hedera's Hashgraph consensus provides a higher level of security by ensuring fairness in transaction order and reducing the risk of malicious attacks such as Sybil attacks.