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Hedera
#20 HBAR

Hedera

-2.59%

$0.18335300

$7,740,651,322

Total Market Cap

50,000,000,000 HBAR

Circulating Supply

$197,235,543

24h Volume

$7,740,651,322

Total Market Cap

50,000,000,000 HBAR

Circulating Supply

$197,235,543

24h Volume

Technical analysis

Latest Signals

# Signal Exchange Type Age
Cryptocurrency Converter
Hedera
HBAR
Hedera
USD
USD
US Dollar

Hedera can be found on the following exchanges

Logo Exchange Price Pair Spread 24h Volume
Binance logo Binance $0.18267 HBARUSDC $0.00 $12,691,644
Binance.us logo Binance.us $0.18344 HBARUSD $0.00 $7,906
BingX logo BingX $0.18269 HBAR/USDT $0.00 $543,417
BitMart logo BitMart $0.182611 HBAR/USDT $0.00 $424,863
Bybit logo Bybit $0.18266 HBAR/USDT $0.00 $10,255,737
Coinbase Advanced logo Coinbase Advanced $0.18278 HBAR-USD $0.00 $29,439,451
Crypto.com logo Crypto.com $0.182653 HBAR/USD $0.00 $2,412,414
HitBTC logo HitBTC $0.051265 HBAR/USDC $10,000,000,000.00 $0
HTX logo HTX $0.182724 HBAR/USDT $0.00 $12,112,570
KuCoin logo KuCoin $0.184 HBAR/USDC $0.00 $28,878
OKX logo OKX $0.18367 HBAR/USD $0.00 $5,332

Understanding Hedera (HBAR): The Cryptocurrency Powering Enterprise-Grade Solutions

Hedera (HBAR) stands as a distinctive player in the cryptocurrency landscape, offering a unique approach to distributed ledger technology. As the native cryptocurrency of the Hedera network, HBAR serves multiple purposes within its ecosystem. Let's dive into what makes Hedera (HBAR) special and how you can easily trade it using Cryptohopper's automated trading bot on various exchanges.

What is Hedera (HBAR)?

Hedera (HBAR) is the native cryptocurrency of the Hedera public network, a distributed ledger technology that doesn't use the traditional blockchain structure. Instead, Hedera utilizes a technology called hashgraph, developed by Dr. Leemon Baird. This unique consensus algorithm enables Hedera to process transactions quickly, securely, and at a fraction of the cost compared to many traditional blockchain-based cryptocurrencies.

The Hedera network is governed by the Hedera Governing Council, which consists of up to 39 diverse organizations across multiple industries and geographies. Council members include Google, IBM, Boeing, LG, and other global enterprises, providing a level of institutional backing rarely seen in the cryptocurrency space.

How Does Hedera (HBAR) Work?

Hedera's hashgraph consensus mechanism works differently from traditional blockchain technology. Rather than using miners or validators to build blocks sequentially, Hedera uses a Directed Acyclic Graph (DAG) structure where information is shared through a "gossip protocol."

In this system:

  1. Network nodes randomly share information (transactions) with each other
  2. These nodes also share information about what information they've received from other nodes
  3. This "gossip about gossip" protocol allows the network to achieve consensus rapidly
  4. HBAR tokens are used to pay for network services and help secure the network through weighted voting

This approach allows Hedera to achieve high throughput (thousands of transactions per second) with finality in seconds and minimal computational requirements, making it more energy-efficient than proof-of-work networks.

Does Hedera (HBAR) Offer Staking and Mining?

Hedera (HBAR) operates differently from many cryptocurrencies when it comes to staking and mining:

Mining on Hedera: There is no traditional mining for HBAR. Since Hedera doesn't use proof-of-work, there's no need for miners to solve complex mathematical problems to validate transactions and earn rewards.

Staking on Hedera: While Hedera doesn't offer conventional staking in its current implementation, it does have a form of proxy staking. HBAR token holders can "stake" their tokens to network nodes, increasing those nodes' influence on the consensus process. The node operators may share a portion of their rewards with those who stake to them, but this isn't mandatory or built into the protocol yet.

Hedera's roadmap includes plans for a more robust staking mechanism in the future, which would allow HBAR holders to earn rewards directly. As of now, some exchanges and third-party services offer staking-like products for HBAR that provide returns, but these aren't native to the Hedera protocol itself.

What is HBAR Used For?

The HBAR cryptocurrency serves several key functions within the Hedera ecosystem:

  1. Network Fuel: HBAR is used to pay for network services like cryptocurrency transfers, smart contracts, file storage, and consensus services.
  2. Network Security: HBAR helps secure the network through weighted voting in the consensus mechanism.
  3. Governance Participation: While the Governing Council currently handles governance, future plans may include roles for HBAR holders in network governance.
  4. Value Transfer: Like other cryptocurrencies, HBAR can be transferred between users as a form of payment or value exchange.

Developers building on Hedera use HBAR to pay for the computational resources needed to run their applications, making it an essential component of the Hedera ecosystem.

Hedera (HBAR) Token Distribution

Hedera (HBAR) had a unique distribution model when it launched. The total supply of HBAR is fixed at 50 billion tokens. Here's how the initial distribution was structured:

  • 17.03% was allocated to the founder and employee class
  • 17.45% was sold in the 2018 SAFT (Simple Agreement for Future Tokens) rounds
  • 12.91% was announced for advisors, vendors, and other partners
  • The remaining 52.61% was allocated to the Hedera Treasury, to be used for ecosystem development, incentives, and other initiatives

Unlike many crypto projects that release all tokens at once, Hedera implemented a gradual distribution schedule over 15 years to prevent market flooding and maintain price stability. This long-term approach reflects Hedera's focus on sustainable growth rather than short-term speculation.

Unique Advantages of Hedera (HBAR)

Hedera (HBAR) offers several distinctive advantages in the cryptocurrency space:

  • Enterprise Governance: The Hedera Governing Council includes some of the world's largest corporations, providing institutional credibility.
  • Performance: Hedera can process thousands of transactions per second with finality in seconds and transaction fees often less than $0.01.
  • Energy Efficiency: The hashgraph algorithm is significantly more energy-efficient than proof-of-work systems.
  • Regulatory Compliance: Hedera was designed with regulatory considerations in mind, making it attractive for enterprise applications.
  • Fair Consensus: The hashgraph algorithm provides mathematical guarantees of fairness in transaction ordering.

These features have made Hedera attractive for enterprise applications in supply chain, identity verification, tokenization of assets, and more.

Trading Hedera (HBAR) with Cryptohopper

Ready to add Hedera (HBAR) to your cryptocurrency portfolio? Trading HBAR is simple with Cryptohopper's automated trading bot. Cryptohopper allows you to trade HBAR across multiple exchanges, setting up automated strategies that can buy and sell based on market conditions, technical indicators, or external signals.

Whether you're looking to capitalize on HBAR's price movements or build a long-term position in this promising cryptocurrency, Cryptohopper's tools can help you implement your strategy without having to monitor the markets 24/7. Start trading Hedera (HBAR) today with Cryptohopper's intuitive platform and join the growing community of traders leveraging automation for cryptocurrency trading.

Latest HBAR to USD price calculator

Below are the most popular denominations to convert to USD and back into HBAR

HBAR US Dollar
0.01HBAR 0.00USD
0.1HBAR 0.02USD
1HBAR 0.18USD
2HBAR 0.37USD
3HBAR 0.55USD
5HBAR 0.92USD
10HBAR 1.83USD
25HBAR 4.58USD
50HBAR 9.17USD
100HBAR 18.34USD
250HBAR 45.84USD
500HBAR 91.68USD
1000HBAR 183.35USD
10000HBAR 1,833.53USD
50000HBAR 9,167.65USD
100000HBAR 18,335.30USD
US Dollar HBAR
0.01 USD 0.05453960HBAR
0.1 USD 0.54539604HBAR
1 USD 5.45396039HBAR
2 USD 10.90792079HBAR
3 USD 16.36188118HBAR
5 USD 27.26980197HBAR
10 USD 54.53960393HBAR
25 USD 136.34900983HBAR
50 USD 272.69801967HBAR
100 USD 545.39603933HBAR
250 USD 1,363.49009833HBAR
500 USD 2,726.98019667HBAR
1000 USD 5,453.96039334HBAR
10000 USD 54,539.60393340HBAR
50000 USD 272,698.01966698HBAR
100000 USD 545,396.03933396HBAR

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