What Is Hedera Hashgraph?
HBAR is a cryptocurrency circulating in the Hedera Hashgraph network, serving both as a fuel for transactions and as a means for securing the network through staking. Hedera’s mission is to provide enterprise-grade, scalable network infrastructure for Dapps, with use cases ranging from fraud prevention to gaming.
While Hedera, like other crypto projects, utilizes distributed ledger technology (DLT), it’s unique in that the ledger structure is not a blockchain. The consensus is reached using a directed acyclic graph, or hashgraph technology. Hedera’s founders claim that this way is much faster, cheaper and “greener” than blockchain technology without sacrificing any security. Another fairly rare occurrence is a crypto project like this one having an extensive governing body – a council made up of the large investor corporations’ (which include such players as Boeing and Google) representatives. For example, the council effectively controlled the HBAR supply after it was minted in the test phase of Hedera project in 2018.
The initial funds were raised through SAFT (Simple agreement for future tokens). HBAR tokens have started entering the circulation in 2019, with the following coin release schedule being very slow, to ensure scarcity and reduce the risk of an attack.
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