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Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: rick666 on August 15, 2022, 11:40:37 AM

Title: What exactly is Hedera (HBAR)?
Post by: rick666 on August 15, 2022, 11:40:37 AM

Hedera, also known as HBAR, is a public hashgraph network and governing body created to meet the needs of mainstream markets. It is one of the most widely used public enterprise networks. HBAR is Hedera's native, energy-efficient cryptocurrency that fuels the decentralized economy. It is listed on MEXC.COM

Hedera's Primary Characteristics
The Hedera network has several applications:

-Payments: cut costs while generating new revenue.
-Tokenized assets: manage and swap assets in unprecedented ways.
-Fraud prevention: cut costs while protecting customers.
-Maintaining the lifecycle of credentials.
-Data compliance entails recording and publicly verifying actions.

Hedera, by design, aims to provide the following core features to facilitate the product in order to ensure the user experience in the use cases mentioned above:

Performance
The platform is based on Dr. Leemon Baird's hashgraph distributed consensus algorithm. The hashgraph consensus algorithm has near-perfect bandwidth efficiency and can thus process hundreds of thousands of transactions per second in a single shard (a fully connected, peer-to-peer mesh of nodes in a network). The Hedera network will initially be capable of processing 10,000 cryptocurrency transactions per second. The latency of consensus is measured in seconds, not minutes, hours, or days.

Security
Hashgraph achieves the gold standard in distributed consensus security: asynchronous Byzantine Fault Tolerance (aBFT). Other platforms that improve performance by using coordinators, leaders, or communication timeouts are vulnerable to Distributed Denial of Service (DDoS) attacks. Because there is no such leader, Hashgraph is resistant to these types of attacks on the consensus algorithm. Attaining this level of security at scale represents a significant advancement in the field of distributed systems.

Governance
The Hedera network will be governed by a council of up to 39 leading global enterprises. Hedera Council members will bring needed experience in process and business expertise that has been absent in previous public ledger platforms. Council membership is designed to reflect a range of industries and geographies, (ii) to have highly respected brands and trusted market positions, and (iii) to encompass competing perspectives. The terms of governance ensure that no single Council member will have control, and no small group of members will have undue influence over the body as a whole.

Stability
Hedera relies on both technical and legal controls to ensure the platform's stability. Two capabilities are enabled by Hedera technical controls. Through a shared state mechanism, hashgraph technology ensures that software clients validate the pedigree of the Hedera hashgraph ledger prior to use. A network node cannot fork the official version of the Hedera hashgraph platform, make changes, and then have those changes accepted. If the original hashgraph platform and the copy are changed independently, software clients using the Hedera platform will be able to tell which version is valid and which is not.Create a private ledger with public trust using permissionless blockchain.


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Title: Re: What exactly is Hedera (HBAR)?
Post by: MrSpasybo on August 15, 2022, 11:32:40 PM

HederaHashgraph is famous for its large enterprise use with high security. It also received 10 billion USD funding from large investment funds and has the potential to explode in bullrun 2025. I bought some HBAR and have high expectations on it.

Title: Re: What exactly is Hedera (HBAR)?
Post by: moonswamp on August 16, 2022, 08:03:04 AM

are you kidding me ?
10 billion USD funding ?