What is Hedera Hashgraph?
Hedera Hashgraph (HBAR) is an advanced distributed ledger technology aiming to address significant challenges present in the blockchain sector. This project specifically targets factors such as performance, security, governance, stability, and regulatory compliance, which often hinder the full potential of blockchain applications.
Key Features of Hedera Hashgraph
Scalability
The Hedera system boasts remarkable scalability, with the capability to process over 10,000 transactions per second. This high throughput is crucial for handling large volumes of transactions efficiently, making Hedera Hashgraph suitable for enterprise-level applications.
Security
One of the standout aspects of Hedera Hashgraph is its asynchronous Byzantine Fault Tolerant (ABFT) security model. This advanced framework safeguards the network against Distributed Denial of Service (DDoS) and Sybil attacks, ensuring the integrity and security of the transactions processed on its platform.
Native Cryptocurrency: HBAR
HBAR serves as the native cryptocurrency for the Hedera network. It plays a vital role in several functions, including powering decentralised applications (DApps), facilitating peer-to-peer payment models, and helping protect the overall network from potential threats.
Innovative Technology
Hedera Hashgraph claims to leverage innovative technological advancements to enhance the cryptocurrency ecosystem. By focusing on essential factors such as security, fairness, and transaction speed, HBAR is positioned to tackle prevalent issues within the digital currencies space.
Use Cases of HBAR
The primary uses of HBAR extend beyond simple transactions. It enables developers to build robust DApps, supports the creation of varied financial services, and allows for the formation of secure digital identities and data storage systems. The versatility of HBAR fosters a conducive environment for innovators seeking to integrate blockchain technology into mainstream applications.
Official Resources
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