Hey guys, hope you're doing great.
Hedera Hashgraph and his coin Hbar have had quite a run on the last couple of days, it's currently up 51% from the last 7 days. And maybe some of you don't even know where it came from, or what is doing.
Hashgraph:
Hashgraph was invented in the mid-2010s by the American computer scientist Leemon Baird. Baird is the co-founder and chief technical officer of Swirlds, a company that holds patents covering the hashgraph algorithm.
Hashgraphs do not use miners to validate transactions. Instead, hashgraphs use a "gossip about gossip" protocol where the individual nodes on the network "gossip" about transactions to create directed acyclic graphs that time-sequence transactions without bundling them into blocks. Each "gossip" message contains one or more transactions plus a timestamp, a digital signature, and cryptographic hashes of two earlier events. This makes Hashgraph form an asynchronous Byzantine Fault-Tolerant (aBFT) consensus algorithm.
Hbar:
Hbar its defined by the company itself like "The native, energy-efficient cryptocurrency of the Hedera public network". It's decentralized, and it was created in 2017, by Leemon Baird, a Computer Scientist, launched on 2018, and it aims mainly to be a platform on wich anyone can transact and deploy applications. Hedera has a Proof-of-stake protocol, and it's currently sitting at the top 40 coins (according to the website Coinmarketcap). They claim to be on the thrid generation of crypto projects.
The total supply of HBAR it's 50billion units, and 9billions are currently circulating on the market, according to Coinmarketcap, around 19% of the total supply. Some HBAR tokens will be distributed through a process called “proxy staking,” in which any HBAR holder will be able to lock their cryptocurrency in special contracts, allocating those funds to one of the approved nodes on the network
Hedera is actually owned and governed by some pretty big organizations, like Boeing, IBM, Google, and LG.
Hedera Hashgraph claims to offer features that combine the advantages of both public and private blockchain networks.
The Council it's in charge with running the consensus nodes that determine transaction ordering. Their role it's to manage the sofware, voting on changes, ensuring funds are allocated correctly and safeguarding the networ's legal status, every player has equal vote power on the network and plataform decisions.
Hedera claims to be faster, cheaper, more efficient and to have a bigger capacity than Bitcoin and ETH.
Hedera it's not alone on this one, but it has great potential.
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