Protocol, Smart Contract Platform
Hedera is a public distributed ledger platform that enables anyone to easily develop secure, fair, and globally accessible applications.
It is designed to provide a secure, efficient, and cost-effective way to create decentralized applications (dApps) and smart contracts. Hedera is powered by a native cryptocurrency called HBAR. Hedera provides developers with an open-source platform for building decentralized applications (dApps).
The platform is built on the hashgraph consensus algorithm, which is a distributed consensus protocol that provides fast finality of transactions and high throughput. This makes it suitable for applications that require high transaction speeds and low latency. The Hedera network also includes its own cryptocurrency called HBAR.
HBAR tokens are used to pay for transaction fees on the network as well as access certain features such as smart contracts and dApps. The tokens can also be used as a store of value or traded on exchanges. Hedera also provides developers with tools to build dApps on the network.
These tools include an SDK, API, and web-based IDE that allow developers to quickly create their own dApps without having to learn complex coding languages or protocols. Additionally, Hedera has partnered with several major companies such as IBM, Microsoft, and Google Cloud Platform to provide additional support for developers building on the network. Overall, Hedera is an open-source distributed ledger platform designed to enable anyone to easily develop secure, fair, and globally accessible applications.
It utilizes the hashgraph consensus algorithm for fast finality of transactions and high throughput while providing developers with tools to quickly create their own dApps without having to learn complex coding languages or protocols. Additionally, it has its own native cryptocurrency called HBAR which can be used for transaction fees or traded on exchanges.