Why Buy Hedera (HBAR)?
Consider buying Hedera (HBAR) for its capability to facilitate the rapid and intuitive development of complex decentralised applications. Hedera provides management of NFTs, smart contracts, data storage, and tools for decentralised software development. Its reference token, HBAR, plays a role similar to Ethereum’s ETH, acting as the network’s “fuel”. It’s necessary to pay transaction fees distributed as a reward for network validation.
Another reason to buy Hedera (HBAR) relates to who can influence and propose improvements for the project’s future. Unlike other blockchains governed by token holders, Hedera is managed by 25 companies, including major players like Google, IBM, and LG. The maximum supply of HBAR is capped at 50 billion tokens, which, according to the white paper, will be issued regularly over the coming years.
What is Hedera, and How Did it Originate?
Another compelling reason to consider buying Hedera is its distinction from traditional blockchains. Its network is based on a Distributed Ledger Technology (DLT) known as Hashgraph. This technology doesn’t rely on blocks or “miners” but uses a Directed Acyclic Graph (DAG). According to the development team, Hashgraph represents the third technological generation in the crypto world, following Bitcoin’s blockchain and Ethereum’s smart contracts. Hashgraph can support a high transaction rate (around 10,000 transactions per second), with less than a cent transaction fees and minimal kilowatt consumption.
Hedera distributed its initial offering through an ICO in the summer of 2018, with the mainnet going live the following year. Hedera has two founding figures: Leemon Baird, the creator of the Hashgraph algorithm, and Mance Harmon, who handles the managerial aspects and has a background as an entrepreneur and director.
Buying Hedera (HBAR) offers a crypto opportunity and a stake in a forward-thinking and technologically advanced platform. With its unique approach to DLT and strong backing from significant corporations, Hedera HBAR presents a case for those looking to diversify their crypto wallet.
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