Hedera (HBAR)
- Official Website: hedera.com
- Definition: Hedera is a public distributed ledger using a unique consensus algorithm called Hashgraph.
- Category: Blockchain, Layer 1 chain, Cryptocurrency.
- What It Is: A high-performance, energy-efficient blockchain for enterprise use cases.
- Function: Supports decentralized apps, tokenization, and governance.
- Analogy: Think of Hedera as a high-tech voting system. It’s fast, fair, and secure.
- Pros: High throughput, low fees, enterprise-grade security.
- Cons: Centralization concerns, limited decentralization.
- Controversies: Criticism of governance model, reliance on council members.
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This page was last updated on January 28, 2025.
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