HBAR

HBAR is the native cryptocurrency of Hedera Hashgraph, a public distributed ledger platform designed for fast and scalable decentralized applications. HBAR is used to pay transaction fees and to access services on the Hedera network. It can also be traded on cryptocurrency exchanges and used within Hedera-powered applications.

Hedera employs the Hashgraph consensus algorithm, an asynchronous Byzantine fault-tolerant protocol that enables fast finality. The network aims to provide high throughput and low latency, with services including crypto payments, token support, and smart contracts. HBAR is used to execute transactions and to operate on network services, including the Hedera Token Service (HTS) and the Hedera Smart Contract Service.

Governance is provided by the Hedera Governing Council, a group of leading global organizations that help set network policy, approve code changes, and guide the platform’s long-term direction. Council members are rotated and represent multiple industries and regions to ensure broad oversight and stability.

Economics and distribution: HBAR exists as the native unit of account for Hedera services and as a tradable asset on major cryptocurrency exchanges. The token supply is fixed by network rules and is not issued through mining or typical block rewards. The network’s treasury and incentive mechanisms are designed to support network security and operations.

History and deployment: Hedera launched its mainnet in 2019, introducing Hashgraph-based consensus and a platform for decentralized applications. Since then, Hedera has expanded capabilities with HTS, smart contracts, and enterprise-grade services, aiming to combine speed, security, and regulatory compliance.