Hedera

HBAR Rank #30

$0.1024▲ 3.23%24h

Low $0.0992High $0.1028

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Market cap$4.51BRank #30

Fully diluted value$5.12B

Volume (24h)$90.21MVol / Mcap 2.00%

Circulating supply44.00B88.0% of max

Total supply50.00B

Max supply50.00B

All-time high$0.5692Sep 15, 2021

All-time low$0.009861Jan 2, 2020

What is Hedera?

Founders and supply

Leemon Baird and Mance Harmon founded the Hedera project in 2017. Baird designed the hashgraph consensus algorithm underlying the ledger. Mainnet started on August 24, 2018, when all 50 billion HBAR were minted. Treasury releases bring portions of this existing supply into circulation over time. The Hedera Council oversees network governance and its members operate the current permissioned consensus nodes.

Hashgraph consensus

Hashgraph records gossip events in a directed acyclic graph. Nodes exchange transactions together with information about earlier gossip. Each node reconstructs virtual votes from that shared history to determine transaction order and consensus timestamps. The algorithm provides asynchronous Byzantine fault tolerance. HBAR staked to a node contributes to its consensus weight, including stake delegated by other accounts.

Network services

Hedera prices service fees in dollars and collects payment in HBAR. Its smart contract service supports Solidity execution and Ethereum-compatible tooling. The Token Service supplies native functionality for fungible assets and NFTs. The Consensus Service records ordered, timestamped messages that applications can use to verify events. These services support payments, asset tokenization and application records without requiring every asset to implement a separate smart contract.