Hedera is a fast (>10,000+TPS), secure (aBFT, which may be the safest distributed ledger) and fair (the time points of all activities are open and transparent, and it is not allowed to hide transaction records) public ledger network in the form of hashmap consensus.
Hedera is a public distributed ledger and management organization built from scratch to support new and existing applications running on a Web scale. Developers use distributed ledger technology to build computing trust directly into their applications. This enables individuals and businesses that may not know or trust each other to collaborate quickly and cheaply. Public distributed ledgers allow for the creation and exchange of value, authentication, validation of vital data, and so on.
How does Hedera (HBAR) Work?
Hedera is a distributed public ledger infrastructure. Hedera has made significant improvements to the existing blockchain in the following five aspects: performance, security, control, stability and compliance. The project relies on Hashgraph (an asynchronous Byzantine fault tolerance (ABFT) algorithm invented by CTO Dr. Leemon Baird) to reach network consensus. The transaction fee for 10,000 TPS is $0.0001, which is settled in 3-5 seconds. HBAR tokens can be used for equity staking and various services on the network.
HBAR is the native cryptocurrency of Hedera public network. Hbar is used to support distributed applications, build peer-to-peer payment and micro-payment business models, and protect the network from malicious attackers.
What is Hedera (HBAR)？
Hedera is the most commonly used enterprise level public network, which can make your digital world what it should be. HBAR is Hedera's native energy-saving cryptocurrency, which provides power for a decentralized economy. Whether you are a start-up or an enterprise, a creator or a consumer, Hedera has gone beyond the blockchain and created a fast, fair and secure application for developers in the next era.
Hedera (HBAR) Crypto Wallet
In addition to placing HBAR in the Gate.io exchange to facilitate trading, HBAR can also be placed in the crypto wallet.
Hedera recommends that the following known wallets and custodians be used to manage and keep HBAR cryptocurrencies: BitGo, Fireblocks, Hex Trust, Kingdom Trust, D’CENT, Ledger, Abra, Atomic Wallet, Coinomi, Dropp, Edge, Exodus Wallet, Guarda Wallet, HashPack, Yamgo, HEX, INFINITE, Ivy Wallet, MyHbar Wallet, SimpleHold, Venly and Walla Wallet.
There are two schools of thought in determining the price of Hedera.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Hedera, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Hedera from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Hedera on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Hedera as well.
HODLers tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Hedera and the cryptocurrency market as a whole.
2. What is the highest price of Hedera in history?
Hedera achieved the all-time high of $0.57 in 2021-09-15, and is currently trading at $0.051.
3. What is the lowest price of Hedera in history?
In 2020-01-02, Hedera reached the all-time low of $0.0099.
4. Should I buy Hedera now?
It is important to remember that Hedera, like all other cryptocurrencies, are subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, cryptocurrencies fluctuate greatly and it is important to manage your own risk level. Users are advised to do your own research when making investment decisions in the crypto market.