Hedera (HBAR) has been listed on HotsCoin on February 20. Hedera (HBAR) is a cryptocurrency designed for fast, fair and secure applications, using hashgraph technology to operate on a decentralized public blockchain network. This report will delve into Hedera’s basic information, history, technical features, governance model, ecosystem and future prospects. HBAR is currently open for trading on HotsCoin.
1. Basic information:
Circulation: 33,678,813,527.133 HBAR
Total supply: 50,000,000,000 HBAR
Circulation market capitalization: $3,598,851,491.583
Fully diluted market cap: $5,342,901,240.69
2. Key events:
2018-08-01: Hedera completes US$100 million in financing
2019: Hedera announces first Management Board members
2020: Hedera partners with Google to establish management committee
2021-09-15: HBAR token reaches all-time high of $0.5518
3. Overview of Hedera:
Hedera is a public distributed ledger technology built on blockchain and directed acyclic graph (DAG) technology, driven by Hashgraph consensus, with high-level security, lightning-fast transaction speeds and low bandwidth consumption.
4. History of Hedera:
Hedera was founded in the United States by Leemon Baird and Mance Harmon and uses the Hashgraph algorithm. Hashgraph shares information through the "rumor" protocol to ensure rapid and continuous information dissemination between nodes.
5. Comparison between Hashgraph and blockchain:
As a competitor of blockchain, Hashgraph has the advantages of speed, low cost, and high security. However, Hashgraph is still in its early stages of development, and it is still too early to surpass the blockchain.
6. Problems solved by Hedera:
Hedera is committed to solving five issues including performance, security, governance, stability and compliance supervision, which is achieved through means such as aBFT consensus algorithm, governance model and carbon-negative network.
7. HBAR currency:
HBAR is the governance token of the Hedera ecosystem, supporting decentralized applications and used to pay for transaction fees, dApp access, staking, and rewards. It currently ranks 33rd in market capitalization, with a real-time market capitalization of approximately US$2 billion.
8. Network services:
Hedera provides four main services, including token services, consensus services, smart contract services and file services, and supports multiple programming languages such as JavaScript, Java and Go.
9. Hedera Ecosystem:
Hedera’s ecosystem spans various industries, with 100 dApps built on the Hashgraph platform and over 5,000 developers participating in discussions. Enterprise applications include across CBDC, supply chain, finance and fraud mitigation, among others.
10. Energy solutions:
Hedera's carbon-negative network offers sustainable options, including projects such as Verde Block, BlockScience, Tamuwa and Energy Transition, providing energy through HBAR peer-to-peer exchange.
11. Conclusion:
Hedera Hashgraph's technology is revolutionary and has the advantages of security, speed and fairness. Although Hashgraph technology is superior to blockchain in some aspects, widespread adoption will take time. However, Hedera’s future potential is exciting and provides strong support for sustainable blockchain solutions.
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