Hedera price

Hedera is a decentralised, open-source, and proof-of-stake (PoS) public ledger that runs on the Hedera network. The Hedera network is a decentralised ledger based on directed acyclic graph technology that uses an asynchronous Byzantine Fault Tolerance (aBFT) hashgraph consensus algorithm.

The Hedera supports smart contracts, making it a potential host for distributed apps in finance as well as other fields. It is governed by a diverse and decentralised council of leading enterprises, universities, and web3 projects from around the world.

HBAR is the native, energy-efficient cryptocurrency of the public Hedera network. HBARs are used to pay transaction fees, make payments and micropayments, and protect the network from attack through its PoS consensus.

The Hedera Governing Council sets the pricing and approves any changes to the pricing schedule. HBAR transaction fees are set in fiat (USD) but paid in HBAR. The exchange rate between fiat and HBAR is regularly updated to reflect current market rates.

Hedera is the only public ledger that uses hashgraph consensus. Hashgraph consensus is a faster, more secure alternative to blockchain consensus mechanisms.

The Hedera PoS public network achieves the highest grade of security possible (ABFT) with lightning-fast transaction speeds and extremely low bandwidth consumption. Hedera combines high throughput, low fees, and finality in seconds, leading the charge for the future of public ledgers.

Staking HBAR involves locking up your tokens to support the security and operation of the Hedera network. By staking, you can earn rewards in the form of additional HBAR tokens while contributing to the network's decentralisation and consensus mechanism.

Australians looking to buy Hedera (HBAR) should consider BTC Markets as their primary exchange. BTC Markets offers an easy-to-use platform where you can begin trading after creating, verifying, and funding your account.