What is Hedera?
Hedera Blockchain Summary
Launch Year
2019
Type
Public Distributed Ledger (not a traditional blockchain)
Consensus
Hashgraph
Hedera distinguishes itself with its unique Hashgraph consensus mechanism, an alternative to traditional blockchains. Hashgraph achieves lightning-fast transaction speeds, incredibly low fees, and high levels of finality, making it suitable for enterprise-grade applications. Unlike traditional blockchains, Hedera’s structure avoids the possibility of forking, offering consistency and predictability. It’s governed by a council of reputable organizations, including Google and IBM, adding a degree of trust for institutions.
Hedera staking mechanism and details
Hedera uses a proxy staking system where HBAR holders can indirectly participate in network security and earn rewards by associating their tokens with nodes. This process doesn’t require running your own node or technical expertise. Staking rewards are determined based on the amount of HBAR associated with a node, the node’s performance, and overall network activity.
Details about Hedera staking
Proxy Staking
Earn rewards by staking HBAR through proxy staking, making participation accessible.
Network Security & Stability
Contribute to securing the Hedera network and ensuring its reliability for users.
Blockchain's native cryptocurrency: HBAR
Used for paying transaction fees, participating in proxy staking, and playing a role in network governance.
Supply
HBAR has a fixed maximum supply of 50 billion tokens.
Enterprise Focus
HBAR is closely tied to the adoption of Hedera by large-scale enterprises and institutions.
Hedera Smart Contracts
Hedera provides several key services, including
Hedera Consensus Service (HCS)
Enables secure and efficient ordering of messages or events, acting as a verifiable timestamping system within applications.
Hedera Smart Contract Service (HSCS)
Supports Solidity-based smart contracts for implementing more complex programmable logic on the network.
Hedera Token Service (HTS)
Allows for the creation and management of native fungible and non-fungible tokens (NFTs) on Hedera.
Hedera Wallet Options
WallaWallet
Popular Hedera wallet with a user-friendly interface.
HashPack
Browser-extension wallet for interacting with Hedera dApps.
Ledger
Hardware wallet solution for those prioritizing maximum HBAR security.
How to Buy Hedera (HBAR): Your Guide to Top Exchanges
Ready to invest in Hedera (HBAR)? Acquiring HBAR is possible through various centralized and decentralized exchanges. Here’s an overview of some popular options to help you find the best place to buy Hedera for your needs.
Best CEXs to Buy HBAR
Binance
Global exchange featuring high liquidity and HBAR trading pairs.
KuCoin
Global exchange featuring several trading pairs for HBAR.
Bittrex
Well-established exchange with a variety of crypto assets, including HBAR.
Uphold
Platform supporting multiple asset classes, including the ability to buy HBAR.
HTX (Huobi Global)
Leading exchange with diverse crypto offerings, including HBAR.
Best DEXs to Buy HBAR
SaucerSwap
The leading decentralized exchange on the Hedera network for swaps and liquidity pools.
HeliSwap
A growing DEX within the Hedera ecosystem. Please note: DEXs on Hedera are still developing, so options may be more limited compared to larger blockchains.
Important Note: Always research and consider factors such as fees, security, supported fiat currencies, and regional availability before choosing an exchange. It’s recommended to compare multiple options to find the best way to buy HBAR that suits your specific needs.
How to track Hedera assets?
Monitor and capitalize all your Hedera assets from multiple sources with auto-synced data about coin prices, NFT floor prices, advanced analytics and custom asset based opportunities.
7 easy steps to track and capitalize all your Hedera assets
Open your crypto wallet app or web extension
Select your Hedera public wallet address and copy it
Open the Hodlezz mobile app and create a portfolio
Select the settings icon in your portfolio
Select [Add connector] from the menu
Select [Hedera] for any Hedera compatible address
Choose a name for your connector and insert your public wallet address
Start tracking all your crypto assets now
Experience seamless management of your digital assets with Hodlezz: the premier app for real-time tracking and analytics of your cryptocurrencies and NFTs.