Hedera Price Chart Update [HBAR]

The HBAR price update as of now is $0.05046. In the previous 24 hours, its trading volume was $23,466,311, and its value has increased by 1.99%. As of now, HBAR's live market cap is $1,865,252,700, and it is ranked as the #46 on the Coincu. HBAR has a circulating supply of 50,000,000,000 and a maximum supply of 50,000,000,000.

Understanding Hedera Hashgraph Hedera Hashgraph is a public distributed ledger that utilizes the secure, fast, and fair hashgraph consensus algorithm. It offers a range of network services, including smart contracts based on Solidity, native tokenization, and consensus services that are used to build decentralized applications. The Origins of Hedera Hashgraph The development of Hedera Hashgraph was initiated by Dr. Leemon Baird in 2016. Dr. Baird, the Chief Technology Officer (CTO), Co-founder, and Chief Science Officer (CSO), holds a Ph.D. in Computer Science and has published numerous academic works. He is also the Founder and CEO of Swirlds, a company focused on building fully-distributed applications that leverage cloud power without the need for servers. The Co-founder of Hedera Hashgraph, Mance Harmon, currently serves as the CEO and oversees operations and management. Both Dr. Baird and Harmon have previously worked together at Trio Security and BlueWave Security. Exploring the Functions of Hedera Hashgraph Hedera Hashgraph serves as a public cryptocurrency network that provides a platform for transacting and creating decentralized applications. It enables organizations of all sizes, from start-ups to multinational corporations, to build and deploy scalable decentralized applications (dApps). Hedera facilitates the scalability of dApps by offering a transaction capacity of 10,000 transactions per second (tps), transaction finality in under 5 seconds, low transaction costs (less than 1 US cent), and low energy consumption. These capabilities are made possible by the hashgraph consensus algorithm, a leaderless consensus approach that ensures network uptime and prevents outages. Key Features of Hedera Hashgraph The Goals of the Project Hedera Hashgraph operates based on two fundamental protocols: Gossip about Gossip Virtual Voting Gossip about Gossip Gossip about Gossip is a widely recognized concept in networking, referring to the dissemination of information from one individual to another who may not yet be aware of it. In Hedera Hashgraph, this concept is implemented through several steps: Each Gossip contains information linked to the hashes of the last two individuals with whom you communicated. Every node in the Hashgraph network expands signed information on new transactions and transactions received from other nodes to randomly selected neighbor nodes. These selected nodes combine the newly created events with the information received from previous nodes, resulting in the creation of new events. This cycle continues until all the nodes in the Hashgraph network possess identical information. Virtual Voting Virtual voting is the process by which a node determines the validity of a transaction. If at least 2/3rd of the network's nodes witness a transaction, it is deemed valid. Even in the presence of a Byzantine node, the algorithm remains functional due to the Byzantine Fault Tolerant System underlying the Hashgraph network. The voting process occurs over multiple rounds. Unique Advantages of Hedera Hashgraph Hedera Hashgraph boasts three distinctive properties: Fairness: It employs a uniform time-stamping technique, thereby increasing fairness compared to other algorithms. Security: With an asynchronous Byzantine Fault Tolerant System, no participant can halt or manipulate the consensus achieved by the community. Speed: It can handle high transaction volumes and verify a large number of signatures per second. Additionally, the Hedera Hashgraph network prioritizes performance, security, governance, stability, and regulatory compliance. Its objective is to provide a stable and secure platform that encourages widespread adoption of blockchain technology. Hashgraph technology represents a decentralized protocol for data transfer. Unlike blockchain, which stores information in blocks, hashgraph stores information in events. Hashgraph eliminates the need for proof-of-work, making it a more cost-effective system for participants. It also offers greater speed and efficiency. Read More: Click Here