Hedera (HBAR) Logo

Hedera

HBAR

#49

Rank

$ 1.72 B

Marketcap

50 billion

Max.Supply

$4.5,595e-2

price

-1.36%

Change (1 day)

-50.23%

Change (1 year)

Dag

Marketplace

Enterprise Solutions

Payments

Dcg Portfolio

Hedera Hashgraph Ecosystem

Hedera (HBAR) is a decentralized platform built on a unique consensus algorithm, Hashgraph. It offers speedy and secure transactions, making it suitable for various use cases, such as file storage and decentralized finance (DeFi) applications. HBAR has a strong focus on energy efficiency and transparency, making it an attractive option for those concerned about the environmental impact of crypto transactions.

Market Cap of Hedera

As of 1 November 2024 Hedera(HBAR) has a market cap of $ 1.72 billion USD. This makes HBAR the world's #49 most valuable Cryptocurrency by market cap according to our data. The market capitalization, commonly called market cap, is the total market value of a publicly traded CryptoCurrency circulating supply and is commonly used to measure how much a Cryptocurrency is worth in Public Market.


Hedera Statistics
Volume (24h)
$ 46.44 M
Max.supply
50 billion
Circulating Supply
37.01 B HBAR
M.Cap Total Supply
$ 2.28 B

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HBAR Percentage Change
Percentage Change 1h
-0.05 %
Percentage Change 24h
-1.36 %
Percentage Change 7D
-8.02 %
Percentage Change 30D
-11.01 %
Percentage Change 60 D
-9.97 %
Percentage Change 90 D
-20.73 %
Year To date Percentage Change
-50.23 %
Percentage Change 1 Y
-15.28 %

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HBAR Links

Price History of Hedera

As of 1 November 2024 Hedera(HBAR) price is $ 4.5,595e-2 USD. The percentage change over the last hour has decreased by 0.05% In the past 24 hours, the price has fallen by 1.36%.
Over the last week, there has been a negative change of 8.02%. Looking at the past 30 days, the percentage change shows a decrease of 11.01%. Over the last 60 days, the price has lost 9.97%, and for the last 90 days, it has dropped by 20.73%.
Year-to-date, there has been a significant decrease of 50.23%, and over the past year, the price has depreciated by 15.28%. In terms of trading activity, the volume over the past 24 hours is $ 46.44 M The maximum supply of the asset is capped at 50 billion, with a circulating supply of 37.01 B HBAR.

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Volume History of Hedera

As of 1 November 2024 Hedera(HBAR) has volume 24(h) of $ 46.44 M USD.

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About Hedera

Hedera: A New Way to Do Business with a Tiny Token Called HBAR

Have you ever heard of a blockchain? It's like a super-secure digital record book, tracking all sorts of things, like money and important information. But sometimes blockchains can be slow, expensive, and difficult to use.

That's where Hedera comes in. It's like a special type of blockchain, but instead of using the traditional "blockchain" method, it uses a new system called "hashgraph." Think of it like a giant, interconnected network of computers working together to keep everything safe and efficient.

Imagine a big playground with lots of kids. Now imagine each kid represents a computer on the Hedera network. Each kid gossips with their friends about what's happening around the playground, like who's playing tag or who just won the swing set race. This "gossiping" is how Hedera shares information and keeps track of things.

Here's what makes Hedera so unique:

  • Fast and Efficient: It's like a lightning-fast express train compared to a slow, old-fashioned train. Hedera can process thousands of transactions every second, making it super-quick for sending money or sharing information.
  • Super Secure: It's like having a secret code only you and your friends know, making it impossible for anyone else to break in. Hedera uses complex algorithms and a council of trusted organizations to keep the network safe from hackers.
  • Scalable: It's like a giant playground that can grow bigger and bigger without slowing down. Hedera can handle a huge number of transactions, making it suitable for all sorts of businesses.

But how does Hedera work, and what's this HBAR thing all about?

Hedera uses a special token called HBAR to power the network. You can think of HBAR as the fuel that keeps the playground running smoothly.

Here's how HBAR works:

  • Paying for Services: When you want to do something on the Hedera network, like send money or create a new digital asset, you need to use HBAR to pay for the service. This is similar to how you need to pay for gas to drive a car.
  • Securing the Network: HBAR holders can help secure the Hedera network by "staking" their tokens. Imagine it like putting your money in a special box that helps keep the playground safe. The more HBAR you stake, the more you contribute to the network's security.
  • Building Applications: Developers can use HBAR to create powerful and efficient applications that run on the Hedera network. Think of it like building a game on a video game platform.

Let's explore Hedera in more detail:

The Hedera Governing Council:

Imagine a group of wise and trusted adults that oversee the playground. The Hedera Governing Council is similar. It's a group of around 39 leading organizations from different industries, like technology, finance, and healthcare. They work together to make sure the Hedera network runs smoothly and fairly.

HBAR Token: The Fuel for the Network

  • Maximum Supply: There are a total of 50 billion HBAR tokens. It's like having a limited number of playground passes.
  • Circulating Supply: As of January 2021, there were about 7 billion HBAR tokens in circulation. This is like the number of kids who are actually on the playground right now.
  • Token Distribution: The founders of Hedera received a special grant of 4 billion HBAR tokens each. Other executives and early investors received a smaller share of tokens.

Hedera's Services:

  • Token Service: This service lets users create their own digital assets, similar to creating their own unique playground tokens.
  • Consensus Service: This service acts like a central record-keeping system for all transactions and events on the Hedera network, making sure everything is safe and transparent.
  • Smart Contracts: This service lets developers create automatic agreements that run on the Hedera network, making it possible for businesses to interact with each other in a secure and efficient way.

Who are the Founders of Hedera Hashgraph?

  • Dr. Leemon Baird: He's a super-smart scientist who invented the hashgraph technology and is now Hedera's Chief Scientist. Think of him as the head scientist in our playground analogy.
  • Mance Harmon: He's a seasoned tech entrepreneur and is Hedera's CEO. Imagine him as the manager who makes sure everything runs smoothly.

Here's a table summarizing key facts about Hedera and HBAR:

Feature Description
Technology Hashgraph
Token HBAR
Maximum Supply 50 billion
Circulating Supply (January 2021) 7 billion
Governing Council 39 leading organizations
Key Features Fast, efficient, secure, scalable, and easy to use
Use Cases Sending money, creating digital assets, building decentralized applications

Why should you care about Hedera?

It's like a new and improved playground that everyone can enjoy! It's faster, safer, and more fun to play on than traditional playgrounds.

Hedera is changing the way we do business by making it possible to create new and innovative applications that benefit everyone. Whether you're a small business owner or a large corporation, Hedera offers exciting opportunities to create new products and services, streamline operations, and connect with customers in new ways.

And who knows, maybe one day, Hedera will become the go-to platform for all things digital, making the world a more efficient and interconnected place.

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