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Hedera Price (HBAR)

₹ 9.6460000000 2.36 %

Low : ₹ 8.5300 High : ₹ 9.1600

Market Cap

₹308.77 B

2.9535 %

All Time High : ₹41.8100

All Time Low : ₹0.7036

Volume

₹5.2 B

Circulating Supply 33719600000
Max Supply 50000000000

Hedera Price Live Chart

Hedera(HBAR)

Hedera Hashgraph, also known as Hedera, is a decentralized public network and distributed ledger technology (DLT) platform for developing decentralized apps (DApps) and executing enterprise-grade transactions. Hedera, which is powered by the novel Hashgraph consensus algorithm, stands out for its high throughput and low latency, making it a suitable solution for a variety of use scenarios.


Hedera Hashgraph's basic values are justice, openness, and security. The network's council governance architecture ensures that its development is overseen by respected organizations, ensuring equitable decision-making. The Hashgraph consensus technique provides strong security by tolerating malicious assaults and delivering a stable transaction platform.


Founders

Dr. Leemon Baird, who presently serves as Hedera's chief scientist, is credited with investing in the hashgraph distributed consensus method.


Baird had over a decade of expertise in various computer science and security roles prior to launching Hedera Hashgraph and had worked as a senior research scientist at the Academy Centre by Cyberspace Research. He is also the co-founder and CTO of Swirlds Inc., a DApp development platform.


Mance Harmon, on the other hand, is Hedera's CEO a successful technology executive, and a veteran entrepreneur. Harmon has over two decades of executive experience in well-known companies, many of which are in the IT security industry. Mance Harmon, like Dr. Leemon Baird, has a second job at Swirlds Inc. as co-founder and CEO.


The Hedera leadership team includes more than a dozen individuals, many of whom have had noteworthy careers, in addition to the founders.


What makes it unique?

Hedera offers developers three main services: Solidity-based smart contracts, consensus, and token services, enabling the creation of robust decentralized applications (DApps) geared towards high-volume operations like micropayments, data integrity, and tokenization. 


The platform's strength lies in its remarkable speed and energy efficiency, achieved through the hashgraph consensus algorithm, making it a more sustainable option than other public ledgers. Moreover, Hedera provides greater administrative flexibility by allowing updates to the network state through appropriate permissions and signatures. As an open-source platform, Hedera encourages community contributions, fostering transparency and community involvement in its development. 


Additionally, the platform offers a learning center to educate users about web3 and blockchain technologies, serving as a valuable resource for developers and users to explore its capabilities.


Network Security

Hedera offers a range of services to developers, empowering them to build powerful decentralized applications (DApps) with a focus on high-volume operations like micropayments, data integrity, and tokenization. These services include Solidity-based smart contracts, consensus, and token services, which collectively provide the foundation for creating robust and efficient DApps on the platform.


One of the key strengths of Hedera is its impressive speed and energy efficiency, achieved through the implementation of the hashgraph consensus algorithm. This algorithm allows for fast transaction processing and reduces the energy consumption required to maintain the network, making Hedera a more sustainable choice compared to other public ledgers.


In addition to its technical capabilities, Hedera stands out for its administrative flexibility. The platform allows for updates to the network state when appropriate permissions and signatures are provided. This means that developers have greater control over managing the network and can adapt it to suit specific requirements, such as updating account keys, altering write permissions to Hedera Consensus Service topics, or removing content from the network.


Hedera's commitment to open-source development is another crucial aspect of its platform. By embracing an open-source approach, Hedera encourages community participation and contributions to its ecosystem. This fosters transparency, as developers and users alike can actively engage in the platform's development, ensuring a more inclusive and collaborative environment.


Furthermore, Hedera provides a learning center to educate users about web3 and blockchain technologies. This learning center serves as a valuable resource for developers and users to understand the capabilities of the platform, facilitating a smoother onboarding process and empowering users to explore and utilize Hedera's features effectively.


Recent  Developments

Recently, Dell Technologies and COFRA Holding have been announced as new members of the Hedera Governing Council, which oversees the Hedera open-source, leaderless proof-of-stake public network. Hedera is an enterprise-grade public ledger designed for the decentralized economy, and the council comprises up to 39 diverse organizations responsible for governing the network.


Dell Technologies, a renowned computer manufacturer based in Texas, will not only operate its Hedera node but also develop applications for highly decentralized mission-critical environments, including edge computing. With a decade-long involvement in blockchain and crypto, Dell's expertise in distributed ledger technology will further aid its customers on their digital transformation journey, leveraging Web3 and DLT technologies.


COFRA Holding, a long-standing family enterprise with diversified business activities ranging from real estate investment to sustainable food and fashion retail, among others, will focus on developing innovative blockchain-based solutions on Hedera. Their initial efforts will concentrate on areas like tokenization and supply chain transparency, aligning with COFRA's mission to amaze customers and contribute positively. By joining the Hedera Governing Council, COFRA aims to foster the adoption of distributed ledger technology (DLT) across various industries.


Overall, the inclusion of Dell Technologies and COFRA Holding in the Hedera Governing Council will enrich the council's expertise, drive innovation, and promote sustainability within the network, enhancing its capabilities and potential for various stakeholders.


Future Developments 

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