Hedera is a public distributed ledger technology that makes use of the fast, fair, and secure hashgraph consensus mechanism to run dApps. The network was developed in mid-2010 and co-founded by Dr. Leemon Baird and Mance Harmon. However, the initial release of the native token HBAR happened seven years later, in July of 2017. Successively, the initial coin offering (ICO) was done in August 2018. And then a year later, in September 2019, the firm launched open access to its mainnet. The native token HBAR mainly serves two purposes within the Hedera public network. Firstly, HBAR acts as the fuel that actuates Hedera services, including regular transactions, smart contracts, and file storage. Secondly, the token is used to enhance network security.

 

Hedera is regarded as a sustainable, enterprise-level public protocol that allows individuals and organizations to create powerful dApps. It was launched with the aim of building a trustworthy, safe, and empowered digital future for all individuals. Hedera is known for its higher transaction speeds, and statistics say that around 10,000 transactions per second are possible. The network is secured by Proof-of-Stake (PoS), which is backed by a Hashgraph consensus mechanism. The network is governed by over 39 term-limited and highly diversified global or