Hedera is a “Third Generation” public ledger network built on top of the Hashgraph consensus protocol developed by Dr. Leemon Baird in 2016. The network empowers developers in building highly scalable decentralized applications with embedded trust. Hedera facilitates the classic functionalities offered by Bitcoin and Ethereum while enhancing their speed, security, and reliability. Secured by a custom Proof-of-Stake mechanism, Hedera handles over 10,000 transactions per second, with a rapid confirmation time of 3-5 seconds. Developers can leverage the Hedera Token Service (HTS) to build, manage, and deploy fungible and non-fungible tokens. HBAR, Hedera’s native token, serves a dual purpose as the network’s fuel and its governance token. HBAR has a maximum supply of 50 billion, out of which 6 billion (approx.) are in circulation.
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