EPISODE · May 14, 2021 · 2 MIN
What's This??? HASHGRAPH
from Crypto4Bitcoin · host Crypto4Bitcoin
HBAR cryptocurrency of the Hedera public network. Hbars are used to power decentralized applications and protect the network from malicious actors. READ PAPER Network fuel Developers use hbars to pay for network services, such as transferring hbars, managing fungible and non-fungible tokens, and logging data. For each transaction submitted to the network, hbars are used to compensate network nodes for bandwidth, compute, and storage. Network protection Hedera’s proof-of-stake public network uses hbars, which are staked or proxy staked (coming soon) to a network node, to weight votes on transactions when reaching consensus. Weighted voting with hbars makes it difficult and expensive for a bad actor to maliciously affect consensus — it would require them to own and stake over one-third of the network’s total supply of HBAR, which will not be possible for the first 5 years.
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What's This??? HASHGRAPH
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