Hedera Hashgraph (HBAR)

What is Hedera Hashgraph (HBAR)?

Hedera Hashgraph and their foundation describe themselves as a public network on a decentralised leger. It is an open-source 3rd Generation blockchain protocol that allows developers to build safe and secure applications with almost an instant consensus mechanism. HBAR is the blockchain’s native cryptocurrency. HBAR’s are used to enable decentralised applications (DApp’s), establish peer-to-peer transactions and most importantly, secure the network from malicious or dangerous participants.

The Hedera proof-of-stake protocol, supported by hashgraph consensus is the highest level of protection a consensus algorithm can maintain. These are referred to as an ABFT. Hedera utilises this capacity to enable extremely fast transaction speeds with a much lower bandwidth intake. This efficiency and scalability is what makes the network competitive. It combines a large transaction output of thousands of transactions per second, low fees and a finality consensus in seconds. The organisation’s popularity is growing and is leading the way for new blockchain generations and the future of public ledgers.

HBAR’s are used by developers to pay for transactions and network services on the Hedera platform. The symbol for HBAR’s ‘ℏ’, which is the equivalent to one hundred million tinybars. The symbol for tinybars is ‘tℏ’.

Team

Hedera Hashgraph is the brainchild of Dr Leemon Baird. As the creator of the hashgraph distributed consensus protocol, Baird is the Co-Founder and Chief Science Operator at the organisation. Dr Baird holds a PhD in Computer Science, with over twenty years of experience as the Co-Founder of multiple start-ups within the technological industries.

Mance Harman is the other co-founder and current CEO of the foundation. With prior experience as Head of Architecture and Labs at Ping Identity, he is covering management and operations at Hashgraph.

Hedera also echoes its decentralised philosophy when it comes to their own unique governance model. As a limited corporation, Hedera Hashgraph is essentially owned by a regulating body. As of 2020, it comprises a total of 14 members, with some of the largest tech-giants in the world, including Boeing, IBM, Deutsche Telekom, Google and more.

Roadmap

2015 – Dr Leemon Baird invents the revolutionary innovation now called hashgraph. On May 31st, 2016, the Hashgraph Whitepaper is published.

Q2 2017 – The foundation initiates its fundraising and begin structuring the council and its governing members.

Q1 – Q3 2018 – First official meeting of the executive team. The organisation continue to educate and introduce themselves to the market and developers before the Hedera mainnet goes live on August 24th. 50 Billion HBAR’s (ℏ) are minted.

Q1 – Q2 2019 – Hedera’s Council members are announced for the first time, leading to their opening Annual Assembly and first Council meeting in Seoul, South Korea. The second Council meeting takes place in New York as phase 2 of the Testing Program begins.

Q3 – Q4 2019 – The Mainnet is made publicly accessible on September 16th. Hedera continues to support and encourage integrations with their network and third parties.

Q2 – Q3 2020 – All of the organisation’s network features will initiate open source capacity under Apache License v2.0.

Q3 2020 – Hedera continues integrations which support the Hashgraph ecosystem, including HBAR transactions, wallets and custody and exchange services.

Where to Store Hedera Hashgraph (HBAR)

MyHbarWallet is the official browser wallet for HBAR. After generating your personal account and private key, the free, user-side interface enables network participants to interact with the ecosystem. An alternative option to keep your HBAR secure is the leading hardware wallet provide Ledger, with their Nano S and Nano X devices compatible with the network. You’ll need to create an account ID on the Hedera mainnet using your Ledger’s public key and use the Ledger Live features to interact and set-up your HBAR wallet. There are also plenty of Desktop and Mobile wallet options for the network. BRD and Atomic Wallet are two alternative decentralised multi-currency wallet providers that deliver secure and user-friendly access.

Where to Buy and Sell Hedera Hashgraph (HBAR)

You can Buy & Sell Hedera Hashgraph (HBAR) by heading over to the Buy Coins page of our website. Hedera Hashgraph (HBAR) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying HBAR has never been easier, simply place your order and provide your wallet address. Once your payment arrives HBAR will be sent directly to your wallet. If you choose to Sell Hedera Hashgraph (HBAR) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on the ‘Sell Coins’ page.

Hedera Hashgraph (HBAR) Resources

Website: https://hedera.com/
Block Explorer: https://hash-hash.info/
Twitter: https://twitter.com/hashgraph
Medium: https://medium.com/hashgraph