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Hedera (HBAR) is a fully open source and documented platform for creating and building decentralized applications that are needed as a governing body with an open network. Hedera sets Proof-of-Stake consensus temperatures.
Hedera offers three basic tools to its developers. These tools are Solidity-based smart contracts, consensus options and token services. Based on Hashgraph consensus software, Hedera shows itself to be fast, energy-efficient (carbon negative) and secure.
Hashgraph applications enable Hedera to function differently from blockchains such as Bitcoin and Ethereum. Hashgraph technology aims to provide an alternative to blockchain technology through an improved and more efficient distribution method. A hashgraph network provides security and decentralization similar to a blockchain network, while offering better performance and lower rates.
Hedera is currently the only hashgrap network outlined, and the HBAR coin used to pay transaction fees on the network is the only hashgrap coin.
Hedera’s founders include US computer scientist and former computer science major Leemon Baird. Baird invented hashgraph distribution consensus implementations and later collaborated with key students to continue the Hedera project. The project was released in 2018, and Hedera’s board of directors consists of a number of companies responsible for disrupting growth and distributing consensus nodes on the network. Today, Hedera’s board of directors includes many large companies.
The total supply of HBAR coin is set at 50,000,000,000 HBAR, with approximately 17.03 billion HBAR coins in circulation by 2025.
The Hedera project is distinguished from other crypto projects by hashgraph and remains in the hands of big people. HBAR coin is the cryptocurrency of the Hedera network and is used to calculate transaction fees and provide consensus on the network. Therefore, Hedera and HBAR coins are seen as having bright potential in the future.
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