HBAR is the native cryptocurrency of the Hedera public network.
Name of the Project: Hedera Hashgraph
Ticker of Token: HBAR
Hedera is the only public ledger network using the hashgraph consensus algorithm, which is fast (at launch, throttled to 10k TPS for cryptocurrency transactions,and 10 TPS for smart contracts and file storage), secure (aBFT, strongest security possible in a DLT), and fair (transparent time-stamping on all events, transaction censorship resistant).
The hashgraph consensus algorithm combines a gossip protocol with virtual voting to achieve consensus very quickly while using the minimum amount of data. The Hbar coin serves several functions: (1) the hashgraph algorithm uses a proof of stake model to prevent Sybil attacks; nodes vote on consensus based on the value of coins in their wallet making the coin critical to the security of the network, (2) the Hbar coin serves to reward nodes for providing consensus, as payment for API calls and to facilitate native micropayments, and (3) the Hbar coin allows one to use Hedera API and additional services built on top.
Hedera is separating consensus from governance and at scale expect to have the most diversified governance and most distributed consensus. Governance a council of Fortune 400 blue chip companies diversified by geography, sector and time – 1/3 leave every year. Consensus will be achieved by tens of thousands of nodes at scale.
The hashgraph consensus algorithm is the only consensus protocol that achieves the highest level of security possible: ABFT (‘Asynchronous Byzantine Fault Tolerance”). ABFT means that the network achieves consensus finality even under real world network faults. Dr. Baird proved it via a math proof in the Hashgraph 2016 white paper. The math proof itself was proven correct by Carnegie Mellon University Associate professor of Computer Science Karl Crary, using formal methods and Coq in 2018.
Total Supply: 50 Billion Hbar
First 5years Coin Release：Circulating %
Open Access (Day 1): 3.18%
End of 2019: 7.53%
End of 2020: 17.53%
End of 2021: 24.50%
End of 2022: 30.22%
End of 2023: 37.27%
Initial Coin Allocation：
Hedera Treasury :54.11%
SAFT Investors: 17.45%
Advisors, Vendors & Others: 2.9%
Market Development Funds: 2.6%
Community Earn Program:2.42%
Official Website: http://www.hedera.com
White Paper: http://www.hedera.com/whitepaper
HBAR Economics Whitepaper: https://www.hedera.com/hbar
This document is compiled from the official whitepaper and relevant documents provided by the token team, to provide investors an overview of the token. The information in this document is collected through formal legal channels. We make every effort to provide complete and accurate information. However, we do not guarantee accuracy, completeness, timeliness or correct sequencing of the information. This information is not to be regarded as investment advice, or legal proof, or evidence.
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