Hedera Network was first formed in 2017 by Dr. Leemon Baird with an emphasis on providing fast, fair, and secure applications to take advantage of the efficiency of hashgraph on decentralized or public network. Hedera Hashgraph (HBAR) is also known as one of the most environmentally friendly crypto assets.
The hashgraph consensus-powered Hedera proof-of-stake public network delivers the highest level of security (ABFT), with lightning-fast transaction times and astonishingly low bandwidth usage. Hedera is paving the road for the future of public ledgers by fusing high-throughput, cheap fees, and finality in a matter of seconds.
The Hedera’s continuous focus on project developments through inorganic strategies such as partnerships is expected to offer new opportunities for the business. For instance, In 2022, the Hedera has partnered with Ubisoft to expand gaming on its Hedera network. As of the time of writing the price of HBAR was trading at around $0.047. Some of the few characteristics of hashgraph technology are mentioned in below table:
|Parameters||Bitcoin (BTC)||Ethereum (ETH)||Hedera (HBAR)|
|Transactions Per Second||3+||12+||10,000+|
|Transaction Confirmation (Finality)||10 Minutes||10-20 Seconds||3-5 Seconds|
|Energy Usage||885+ KWH||102+ KWH||0.0001 KWH|
Hedera Hashgraph (HBAR) Price Predictions
As of the time of writing Hedera Hashgraph (HBAR) was trading at around $0.040. The coin is already 87.9% down from its all-time high of $0.57. With growing adoption of cryptocurrencies and rise in the development of decentralized network is expected to boost the HEBAR token price. Thus, HBAR is forecasted to surpass its all-time high in the near future.