Market Cap
$12,432,066,390.2
Fully Diluted Valuation
$16,243,625,582.6
24 Hour Trading Vol
$508,424,636.0
Circulating Supply
38,267,523,241.5
Total Supply
50,000,000,000.0
Max Supply
50,000,000,000.0
Hedera Price
$0.325
24h Range
$0.321 - $0.345
Percent Change 1h
0%
Percent Change 24h
-4.97%
Percent Change 7d
4.47%
All-time high
$0.569
All-time low
$0.009861
1D
7D
1M
1Y
All
Hedera is a public distributed ledger technology platform that aims to provide a fast, secure, and fair environment for decentralized applications (dApps) and digital assets. Launched in 2018, Hedera utilizes a unique consensus algorithm known as Hashgraph, which allows for high throughput and low latency transactions. HBAR is the native cryptocurrency of the Hedera network, used for transaction fees, staking, and governance. As of 2024, Hedera has achieved over 1 million daily transactions, showcasing its scalability and efficiency.
Hedera was founded by Leemon Baird and Mance Harmon. Leemon Baird is a computer scientist and the inventor of the Hashgraph consensus algorithm. He has a Ph.D. from Carnegie Mellon University and extensive experience in distributed systems. Mance Harmon, who serves as the CEO of Hedera, has a background in cybersecurity and previously worked at the United States Department of Defense. The Hedera Hashgraph Council, which includes major corporations like Google, IBM, and Boeing, also plays a significant role in the governance of the platform.
Hedera operates on the Hashgraph consensus algorithm, which is distinct from traditional blockchain technology. Instead of a linear chain of blocks, Hashgraph uses a directed acyclic graph (DAG) structure, allowing for parallel processing of transactions. This leads to fast confirmation times, typically under 3-5 seconds, and high throughput, with the ability to process over 10,000 transactions per second. Hedera also employs a unique governance model, with a council consisting of up to 39 global organizations responsible for network decisions, ensuring decentralization and stability.
Hashgraph uses a gossip protocol to disseminate information about transactions across the network. Each node shares its knowledge of transactions with a random subset of other nodes, creating a fast and efficient consensus mechanism. The algorithm achieves consensus without mining, making it energy-efficient and capable of finalizing transactions quickly.
Hedera supports smart contracts written in Solidity, allowing developers to create dApps and decentralized finance (DeFi) solutions. The Hedera Token Service (HTS) enables users to create and manage fungible and non-fungible tokens (NFTs) on the network, expanding its use cases and utility.
Hedera is being utilized across various industries for numerous applications, including:
To ensure the safety of your Hedera (HBAR) holdings, follow these best practices:
Investing in Hedera (HBAR) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy Hedera: Once your account is funded, you can purchase Hedera directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Hedera using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
Hedera (HBAR) is currently trading at $0.325 and exhibits good potential for future growth. Check the latest Hedera (HBAR) price prediction.
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