HBAR
HBAR is the native token of Hedera. Hedera is the most used, sustainable, enterprise-grade public network for the decentralized economy that allows individuals and businesses to create powerful decentralized applications (DApps).
HBAR is an energy-efficient native coin of the Hedera network and serves two specific functions within the network:
Network Fuel: HBAR coins are used for making payments for different services on the network, which include payments for logging data, managing NFTs and other tokens, and transferring coins within the network. These fees that are collected as payments are further used for compensating network nodes for storage, computation, and bandwidth.
Network Protection: HBAR coins are used for staking on the network node to weigh the vote on transactions so that malicious participants cannot affect the consensus mechanism. This process, in turn, protects the network from cyber attacks, as bad actors have to stake or own one-third of the total supply of the coin to influence the consensus mechanism of the network.
These functions of the coin ensure a smooth operational structure within the Hedera network while facilitating participants to use the network for their specific requirements.
Name
HBAR
Description
Hedera (HBAR) - Native token of Hedera, an enterprise-grade public network.
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