Hedera (HBAR)

Hedera (HBAR) is a cryptocurrency developed by a distributed computing platform called Hashgraph. It was founded by Dr Leemon Baird, who is a computer scientist and the co-founder and CTO of Swirlds. Hedera, which is currently in its public beta stage, describes itself as a public decentralized platform for developers to build secure and fair applications. What Makes it Unique? Unlike other cryptocurrencies, such as Bitcoin, Hedera is not a decentralized network, but a “directed acyclic graph”, or DAG platform. A DAG presents consensus to all users, allowing each user to take part in the process of verifying transactions, eliminating the need for a “miner” or “proof of work”. In other words, transaction finality occurs at the same time instead of after a given amount of time. Hedera also offers an open-source software development kit (SDK) which allows developers to easily create and deploy secure, functional applications. The platform also ensures transactions to be secure and immutable, with no possibility of a double-spend attack. Regulated entities can also be licensed to issue new digital assets and maintain control over them on the network. This provides the asset’s users with even greater security and trust. Where does it used? Hedera can be used for a wide range of applications, such as cryptocurrencies, smart contracts and distributed storage networks. It is also used to develop distributed applications and decentralized marketplaces. Where to buy/sell it? Hedera’s native HBAR coin is available on a range of exchanges and trading platforms, such as Binance, Coinbase, Huobi, and Kraken. HBAR can also be bought and sold on peer-to-peer platforms like LocalCryptos and Hodl Hodl.