Hedera, also known as Hedera Hashgraph, is a decentralized public network designed to support the development of decentralized applications (dApps). It seeks to address common blockchain limitations such as slow transaction speeds and high energy consumption by utilizing a unique consensus mechanism. Hedera’s native cryptocurrency, HBAR, is used to facilitate transactions, execute smart contracts, and support network security through its proof-of-stake (PoS) model. The platform is designed to enable scalable, low-cost transactions while maintaining network integrity.

Hedera operates on a consensus mechanism called hashgraph, which aims to provide faster and more efficient transaction processing compared to traditional blockchains. The hashgraph consensus model allows transactions to be verified in parallel rather than sequentially, helping to increase throughput. The network also includes features for smart contract execution, token creation, and decentralized file storage. Hedera's virtual machine supports Solidity-based smart contracts and integrates compliance measures such as Know Your Customer (KYC) and Anti-Money Laundering (AML) checks, making it suitable for various applications requiring data verification.

Hedera’s network is designed to support applications requiring fast and efficient transaction processing. It enables real-time digital payments, decentralized identity verification, and tokenized asset management. The Hedera Token Service allows users to issue and manage digital tokens, while its consensus service provides secure event logging for supply chains and enterprise solutions. Developers use Hedera for smart contract deployment and data integrity applications, while businesses utilize its file storage capabilities for verifiable and tamper-resistant records.

Hedera was co-founded by Dr. Leemon Baird and Mance Harmon. Dr. Baird, an expert in distributed systems, developed the hashgraph consensus algorithm, which serves as the foundation of Hedera’s network. Mance Harmon, a technology executive with experience in cybersecurity, helped establish Hedera as a scalable alternative to traditional blockchains. In 2018, Hedera raised funds through an initial coin offering (ICO), and in 2019, it launched open access to its mainnet, introducing HBAR as its native cryptocurrency to power transactions and network operations.

We update our Hedera to ARS currency in real-time. Get the live price of Hedera on Coinbase.

Assets that have a similar market cap to Hedera include Zcash, PayPal USD, Avalanche, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Hedera is 43 billion.

Hedera ranks 19 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Currently, 99% of Coinbase users are buying Hedera. In other words, 99% of Coinbase customers have increased their net position in Hedera over the past 24 hours through trading.

Yes, Hedera is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Hedera guide.