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Hedera Hashgraph is a public network powered by a unique Hashgraph consensus algorithm, designed to offer high transaction speeds, security, and scalability. It serves as a blockchain alternative, enabling developers to build decentralized applications on the reliable network.
This coin is available on Newton.
The HBAR cryptocurrency is the native cryptocurrency of the Hedera platform and is used to pay for transactions on the network, as well as to power smart contracts and digital assets. Its total supply of HBAR is fixed at 50 billion tokens, allowing controlled distribution of HBAR across the Hedera ecosystem.
Unlike traditional blockchain networks, Hedera uses Hashgraph technology to achieve high throughput and low latency, making it suitable for enterprise-grade applications. This innovative approach positions it as a leader in the blockchain used for modern digital solutions.
Hedera is governed by a council of global organizations, including LG, which ensures decentralized oversight and strategic development. These governing council members play a critical role in maintaining the heart of Hedera as a secure and stable platform.
Hedera has committed to creating a sustainable and fair network where HBAR tokens can be staked to network nodes to provide consensus, allowing users to benefit from the platform's performance. This structure supports the network's scalability and robust functionality.
Hedera Hashgraph operates on the unique Hashgraph consensus algorithm, which enables asynchronous Byzantine fault tolerance for enhanced security and reliability. This system ensures the network can handle malicious nodes without compromising its performance.
Transactions on the network are processed through the "gossip about gossip" protocol, where network nodes rapidly exchange data to achieve consensus. This approach allows Hedera Hashgraph to deliver high transaction speeds and low fees, unlike traditional blockchain systems.
At the heart of Hedera is its ability to achieve fairness and order in transaction processing, enabling predictable outcomes. The network nodes provide consensus by leveraging the Hashgraph technology’s efficiency and fault tolerance.
The Hedera platform supports digital assets and smart contracts, making it versatile for various use cases across the Hedera ecosystem. Developers can build scalable applications for industries like finance, healthcare, and supply chain management.
Hedera is led by its founders, Dr. Leemon Baird, the creator of the Hashgraph algorithm, and Mance Harmon, the CEO of Hedera. Their vision drives the platform’s commitment to creating a blockchain alternative that prioritizes innovation and security.
The HBAR token is the native cryptocurrency of the Hedera network, which powers transactions and secures the ecosystem. Here’s what you need to know about HBAR:
Hedera secures decentralization through its unique Hashgraph consensus mechanism and governance model. Here’s how it works:
The token plays a vital role in supporting and securing the Hedera network. Here’s the role of the HBAR token:
Hedera’s consensus mechanism, known as the Hashgraph consensus, guarantees fast, secure, and efficient transaction validation. Here's how it operates:
Hedera uses its advanced Hashgraph consensus algorithm to power digital assets, smart contracts, and decentralized applications. It offers a blockchain alternative for industries requiring high throughput and reliable networks for their operations.
One significant use of the Hedera Hashgraph network is in enabling high transaction speeds for payments and micropayments. This makes it ideal for applications like real-time transactions, subscription services, and cross-border payments.
The Hedera platform is also well-suited for managing digital assets, allowing businesses to tokenize assets, streamline operations, and reduce inefficiencies. It provides a robust foundation for applications like tokenized rewards and supply chain tracking.
By integrating asynchronous Byzantine fault tolerance, Hedera Hashgraph ensures secure and transparent processing of sensitive data. This capability is especially valuable in sectors like healthcare, governance, and IoT systems.
Hedera aims to be a comprehensive solution across blockchain networks, offering tools for businesses to innovate while addressing the scalability and energy efficiency challenges of traditional blockchain technologies.
Hedera Hashgraph was co-founded by Dr. Leemon Baird and Mance Harmon in 2018, with a mission to provide a blockchain alternative using the unique Hashgraph consensus algorithm. The network aims to overcome the limitations of traditional blockchain networks through innovation.
The Hedera Hashgraph network officially launched in 2019, introducing HBAR as its native cryptocurrency with a total supply of HBAR capped at 50 billion tokens. The platform also established its governing council members to ensure decentralized decision-making.
Hedera has committed to creating an ecosystem that supports developers and businesses alike by offering tools for smart contracts, digital assets, and high transaction applications. The platform is designed for efficiency and scalability, attracting enterprise adoption.
Over the years, Hedera has achieved key milestones, including partnerships with major organizations like LG and significant advancements in blockchain technologies. These collaborations underline Hedera's role as a reliable network for diverse applications.
As the CEO of Hedera, Mance Harmon continues to lead the platform toward growth, ensuring its unique Hashgraph consensus algorithm remains at the forefront of the blockchain alternative space.
Governance on the Hedera network is decentralized and managed by the Hedera Governing Council. Here’s how it functions:
Hedera ensures the security of its cryptocurrency by utilizing advanced cryptographic methods and its unique consensus mechanism. Here's how security is maintained:
The Hedera ecosystem consists of decentralized applications (dApps), services, and participants, all powered by the Hedera network. Here’s how it functions:
You can securely manage your HBAR using reliable wallets such as a ledger wallet or through regulated platforms like Newton. These wallets support the integrity of the network by offering a secure way to store additional HBAR tokens.
Hedera enables users to stake their HBAR to network nodes, supporting consensus mechanisms and strengthening the reliability of the network. Staking HBAR is an efficient way to participate in Hedera’s network and earn potential rewards.
Merchants are beginning to adopt Hedera Hashgraph as an accepted payment method. This decentralized blockchain platform allows for efficient, low-fee transactions to purchase goods and services both online and offline.
Sending funds is quick and affordable on Hedera Hashgraph. Transactions on Hedera benefit from fast speeds, low fees, and decentralized consensus, offering users peer-to-peer transfers securely within the network.
Many charities accept Hedera Hashgraph (HBAR) for donations. These contributions are processed quickly and securely, ensuring funds are sent efficiently while maintaining transparency throughout the network.
At the moment, swapping Hedera Hashgraph (HBAR) for cryptocurrencies like Bitcoin or Ethereum is not supported on Newton. You can stay updated for any future changes regarding this feature.
*Newton does not currently support staking, governance, interest-earning, or other utility functions, where applicable, for this asset.
Buying Hedera Hashgraph (HBAR) directly from individuals or unregulated sources is a risky approach. These transactions lack oversight, which puts you at a higher risk of scams or losing funds. To ensure the safety of your investment, it is always recommended to proceed with regulated and trusted platforms.
One reliable and user-friendly way to buy HBAR in Canada is through Newton, a regulated platform supporting over 70+ cryptocurrencies, including HBAR. Newton provides real-time price tracking to enhance your trading experience, though HBAR swaps are not yet available on the platform.
Newton offers competitive rates on Hedera Hashgraph (HBAR), making it a top choice for anyone looking to invest. Whether it’s your first purchase or you’re tracking the growth of your holdings, Newton ensures you can buy HBAR at some of the best prices around.
Your security is our priority. Newton provides advanced features like device management, login activity tracking, and an anti-phishing code to safeguard your account. For extra protection, you can enable Multi-Factor Authentication and set up trusted contacts for peace of mind.
Newton makes it affordable to buy and sell Hedera, with a 1.50% - 1.60% fee. For more information about fees, see our Prices page. Newton covers up to $5 of network fees on your first daily withdrawal. For additional withdrawals, or if network fees exceed $5, the estimated network fee is confirmed prior to withdrawal.
Manage your HBAR and monitor prices effortlessly on any device—desktop or mobile. Newton’s platform is built to work smoothly wherever you are, so you can stay connected to your investments no matter what.
Newton’s platform is designed for everyone, whether you’re new to cryptocurrency or a seasoned trader. From buying Hedera Hashgraph to checking prices, everything is straightforward and intuitive.
As a Canadian platform, Newton is dedicated to supporting local investors in the crypto space. We make it safe, simple, and convenient to buy, store, and manage Hedera Hashgraph and other cryptocurrencies while focusing on the needs of Canadian customers.
Begin by signing up for Newton, one of Canada’s most secure and trusted platforms for purchasing cryptocurrencies like Hedera Hashgraph. Verification will grant you access to HBAR and other trading options within the network.
Deposit Canadian dollars into your Newton account using secure methods like Interac e-Transfer or wire transfers. This allows you to purchase HBAR easily and seamlessly.
Once your account is funded, navigate the Newton platform to invest in Hedera. Hedera supports HBAR transactions with advanced market insights, helping you make informed decisions.
In Newton’s list of cryptocurrencies, select Hedera Hashgraph (HBAR) to proceed with your transaction. Hedera employs advanced blockchain mechanisms to provide low-fee, fast transactions within the network.
Specify how much you want to purchase HBAR. You can enter the amount in Canadian dollars or its HBAR equivalent, based on real-time market prices.
After reviewing the details, confirm your order to purchase HBAR tokens. Once your transaction is complete, the funds will be available in your Newton account, ready to use or manage.
When using a personal wallet for Hedera Hashgraph (HBAR), you have complete control custody of your assets, including privacy and ownership. However, you are solely responsible for keeping your private keys secure—failure to manage them properly could put your funds at risk.
You can enjoy the peace of mind of storing HBAR in Newton! Newton offers reliable security features like multi-factor authentication, login history tracking, and anti-phishing codes to help protect your Hedera Hashgraph (HBAR) tokens. With trusted device management and the option to add a trusted contact, Newton provides a secure and straightforward way to store and manage your HBAR investments.
Your security is important. Newton is committed to being a leader in compliance, security, and technical protocols.
For additional information and to review the risks associated with Hedera, please see our Asset Statement.
