HBAR is the native, energy-efficient cryptocurrency of the public Hedera network. As a result of the proof-of-stake algorithm, Hbars are used to pay application transaction fees and protect the network from attacks.
Hbars are used by developers to pay for network services, such as transferring hbars, minting fungible and non-fungible tokens, and calling smart contracts. Hbars are used to pay fees for bandwidth, computing, and storage on validator nodes for every transaction submitted to the network.
The Hedera network is public, open source, and proof-of-stake. A staked hbar has a weighted influence on consensus for validating transactions when it is staked to a network node. As a result of weighted voting, a bad actor cannot maliciously affect consensus without owning and staking over a third of the HBAR supply on the network.
Powered by hashgraph consensus, the Hedera proof-of-stake public network achieves the highest level of security (ABFT) with incredibly fast transaction speeds. Hedera leads the way to the future of public ledgers because it combines high throughput, low fees, and finality in seconds.
Hedera HBAR is third-generation crypto that is better than Bitcoin and Ethereum. The hedera HBAR public ledger can do 10,000+ transactions per second. The average fee per transaction is $0.0001 only.
| 1st Generation | 2nd Generation | 3rd Generation | |
| Bitcoin (BTC) | Ethereum (ETH) | Hedera (HBAR) | |
| Transactions per second | 3+ TPS | 12+ TPS | 10,000+ TPS* |
| Average fee | $22.57 USD** | $19.55 USD^ | $0.0001 USD |
| Transaction confirmation | 10-60 minutes | 10-20 seconds | 3-5 Seconds (w/ finality) |
| Energy Consumption per Transaction | 885+ kWh^^ | 102+ kWh^^ | 0.00017 kWh^^ |
Advantages of HBAR Crypto
- Incredible throughput: As the world’s fastest HBAR network, Hedera achieves 1,000 cryptocurrency transactions every second with a single shard and on-ledger, without compromising network security or stability.
- Predictably low fees: Due to its lightweight nature, HashingGraph consensus allows for very small transaction costs – around $0.001 USD per HBAR transaction.
- Finality in seconds: You’ll never have to wait for block confirmations again. The finality of HBAR transactions is achieved within three to five seconds, on the ledger. Provide modern digital experiences within your application while being confident in payment settlements.
HBAR Network Metrics
| As per August 30, 2022, at 00:00 UTC | |
| TRANSACTIONS PER DAY | 1,078,426 |
| LATENCY SECONDS TO FINALITY | 5.22 |
| ACCOUNTS ON MAINNET | 1,072,173 |
| API CALLS PER HBAR | 627 |
| CIRCULATING HBAR | 22,91,38,07,854.012 |
| TOTAL SUPPLY HBAR | 50 B |
HBAR Ecosystem
- HBAR Holders & Staking: Hbar can be purchased via exchange or OTC by developers and retail users. It is possible for Hbar holders to use their tokens to pay for transaction fees for applications and stake them to nodes of the Hedera network. In addition to maintaining the security and integrity of Hedera’s network, stakers receive a small share of the transaction fees.
- Applications: Hedera’s public network is used to run applications. HBAR cryptocurrency is used to reward the network for processing API calls, and developers pay transaction fees in HBAR cryptocurrency for every API call.
- EXCHANGES: Hedera node operators, application developers, and end users can all purchase and sell HBAR cryptocurrency through exchanges in some markets. A number of exchanges support Hbars, but Hedera does not control which ones do.
- HEDERA NETWORK: An application submits a transaction to the Hedera network, which validates it, places it in consensus order, and assigns it a timestamp. Each transaction requires a fee to be paid to the network by the submitting application. The fee is split between the Hedera Treasury, network nodes, and HBAR stakeholder groups.
- NETWORK NODES: Nodes on the Hedera mainnet contribute to consensus and store a copy of the public ledger’s state. A Hedera mainnet node submits transactions on behalf of applications and performs network services. The node receives HBAR as compensation for the associated costs of bandwidth, computing, and storage. By selling their earned HBAR to exchanges, node operators can exchange them for other cryptocurrencies or FIAT.
FAQ
Does HBAR coin have a future?
HBAR prices are expected to be $0.48 and $0.39 in 2026 based on crypto experts’ analysis of the costs of Hedera. It is expected to trade at around $0.40 on average. The average HBAR price, according to their predictions, will be around $0.62 in 2027. By 2027, the price might fall to a minimum of $0.60, but it might still reach $0.68. Hedera Hashgraph is a good investment based on its price predictions. Many crypto market enthusiasts are optimistic about the future price of the Hedera coin since it is a leading player in the cryptocurrency space that has grown so rapidly.
When was HBAR launched?
Aug. 24, 2018Initial Allocations Hedera network has a total fixed supply of 50 billion HBAR, which were minted at the network launch on Aug 24, 2018.
