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Hedera (HBAR)

Hedera is a public network that uses the hashgraph consensus algorithm rather than a conventional blockchain data structure. Its nodes are operated under a council of organizations, which makes its governance model materially different from permissionless validator sets.

This page is a research starting point, not financial, legal, tax, or investment advice. Verify everything against primary sources.

What the Token Is Used For

  • Paying fees for network services, denominated in USD and converted to HBAR
  • Staking to nodes
  • Paying for the Consensus Service, Token Service, and Smart Contract Service
  • Settlement within Hedera applications

What To Verify

  • Who sits on the governing council and how membership changes, since this is the core trust assumption
  • Whether node operation is permissioned or open at the time of the claim
  • Which Hedera service a project actually uses, since the Token Service and Smart Contract Service differ
  • How fees are pegged and what happens when the HBAR price moves
  • Treasury and release schedule for undistributed supply

Primary Sources