Hedera (HBAR) is a cryptocurrency that runs on Hashgraph, a distributed ledger technology described as an alternative to blockchains. The development of cryptocurrencies, smart contracts and decentralized applications is possible on the Hedera chain. The project is supported by some of the largest multinational corporations in the world – Google, IBM, Microsoft, etc.
Hedera price (HBAR): what is the current price?
Here is Hedera’s live course.
Large groups like googleIBM, Boeing, LG, T-Mobile, Nomura, Deutsche Telekom and EDF operating the Hedera network. The project was initiated in 2017 by Leemon Baird. Leemon is a professor of computer science and also CEO of Swirds Inc.
Hedera is a network that aims to provide a platform where anyone can exchange and develop applications, but where the software is supervised by a group of companies that form a Board of Directors. Hedera achieves this goal by making remarkable design compromises that set it apart from other platforms.
How does Hedera work?
Hedera uses a variation of proof-of-stake consensus to offer competitive transaction speed, low high costs, and lower power consumption compared to other blockchains.
According to Hedera, the network can process more than 10,000 transactions per second, with a settlement and confirmation period of three to five seconds. The average transaction fee on Hedera is $0.0001, and the network uses a fraction of the energy used by popular blockchains such as Ethereum. Nodes that validate transactions must be invited to the network.
Examples of DApps launched on Hedera:
- Hedera Mirror Mag Global Rating: 7/10
With only about 30 board-trained validators, there are several critiques of Hedera’s decentralization. However, the project is very reliable and has a solid foundation.
The HBAR is volatile and erratic, but it is a good candidate for a medium to long-term position.
The price is currently relatively low, it is an opportunity to anticipate a possible recovery in 2022.
The project is solid and enjoys the support of large multinationals. This bodes well for the HBAR cryptocurrency which could reach $1 by 2023 in the next bullish wave.
Even if the Hedera project is not decentralized enough, it makes it possible to launch high quality DApps. This ecosystem will boost its cryptocurrency in the long run
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