What is Hedera?
Hedera is a blockchain based network that provides energy efficient solutions for the decentralized economy. It powers several decentralized applications. It aims to solve the problems of low speed and instability that are faced by other blockchains. Hedera platform nodes can stake their native Hedera tokens, known as HBARs, to participate in the maintenance and development of the platform. The HBAR tokens also power the platform’s smart contracts, file storage and other transactions. Hedera can achieve consensus over the timing and order of transactions even if data is partially lost, by using an asynchronous Byzantine Fault Tolerance system.
Why buy HBAR?
Hedera used a novel type of distributed ledger system, known as Hashgraph, instead of a conventional blockchain. This system has increased its speed and scalability and reduced the cost of processing transactions manifold. Hedera can process up to 10,000 transactions per second with an average transaction fee of just $0.0001 USD.
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