Hedera Price, News and Analysis (HBAR)

Hedera (HBAR) Frequently Asked Questions

What is Hedera?

Hedera is a decentralized public network for the users to make its digital world exactly as it should be – theirs. Whether the user is a startup or enterprise, a creator or a consumer, Hedera is designed to go beyond blockchain for developers to create the next era of fast, fair, and secure applications. HBAR is the native, energy-efficient cryptocurrency of the Hedera public network. Hbars are used to power decentralized applications and protect the network from malicious actors. Developers use hbars to pay for network services, such as transferring hbars, managing fungible and non-fungible tokens, and logging data. For each transaction submitted to the network, hbars are used to compensate network nodes for bandwidth, compute, and storage. Hedera’s proof-of-stake public network uses hbars, which are staked or proxy staked (coming soon) to a network node, to weight votes on transactions when reaching consensus. Weighted voting with hbars makes it difficult and expensive for a bad actor to maliciously affect consensus — it would require them to own and stake over one-third of the network’s total supply of HBAR, which will not be possible for the first 5 years. Telegram | Discord | Facebook | YouTube | LinkedIn Whitepaper (Description provided by CryptoCompare)

How do I buy Hedera?

It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Hedera.

Where can I get Hedera wallet?

Hedera produces its own wallet software that is available for download on its website, which allows you to store Hedera on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

What is the value of Hedera?

One Hedera (HBAR) is currently worth $0.37 on major cryptocurrency exchanges. You can also exchange one Hedera for 0.00000580 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Hedera in U.S. dollars is $5.52 billion.

How do I mine Hedera?

Hedera is a proof-of-stake (PoS) currency, which means that blocks on the Hedera blockchain are not mined using hashing algorithms like Bitcoin. Rather, coins are earned by "staking" existing coins on the network or by running a master node.

What is the Reddit page for Hedera?

The official Reddit community (subreddit) for Hedera is r/hashgraph.