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What is Hedera Hashgraph? HBAR crypto explained

Author: Content Editor
Hedera Hashgraph is a distributed ledger technology that aims to provide fast, fair, and secure transactions. Its native cryptocurrency, HBAR, is used as fuel for network services and transactions. The network is based on a decentralized network of nodes that verify transactions using a consensus method called "gossip about gossip." Hedera offers APIs for developers to create smart contracts and decentralized apps, and businesses can use its token services and file storage. HBAR can be bought and sold on major centralized exchanges or decentralized exchanges. While Hedera's technology is impressive, its centralized governance and closed-source coding have received criticism. However, the roadmap for the project includes plans for decentralization and scalability improvements. Collaborations with major corporations demonstrate the potential of Hedera, and its growing usage for identity management and tokenization indicates a promising future. The total supply of HBAR is set at 50 billion tokens, with a circulating supply of 38 billion.

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