What is Hedera?
Hedera is a decentralised public network where developers can build secure, fair applications with near real-time consensus. The platform is owned and governed by a council of global innovators including Avery Dennison, Boeing, Deutsche Telekom, DLA Piper, FIS (WorldPay), Google, IBM, LG Electronics, Magalu, Nomura, Swirlds, Tata Communications, University College London (UCL), Wipro, and Zain Group.
Hedera will be governed by a council of renowned enterprises and organizations, across multiple industries and geographies. Its vision is a cyberspace that is trusted, secure, and without the need for central servers. Its licensing and governance model protects the community by eliminating the risk of splitting, guaranteeing the integrity of the codebase, and providing open access to the protected core. All Governing Members will have equal governing rights and each Governing Member (with the exception of Swirlds, Inc.) is expected to serve a limited term, ensuring that governance is decentralized. Hedera is both an organization and distributed ledger platform that resolves the factors that constrain adoption of public DLT by the mainstream.
What is Hedera’s Vision?
Hedera is building a trusted, secured and empowered digital future for all. Hedera is achieving their vision using decentralised architecture that can help solve for data privacy compliance challenges presented by naïve implementations of distributed ledger technology (DLT), while making possible new data privacy compliance mechanisms that are consistent with principles of user empowerment and control over how their identity attributes are collected, stored, processed, and shared.
How many HBAR are there?
The total HBAR supply is 50,000,000,000 tokens.
What does HBAR serve in the ecosystem?
HBAR tokens are used to pay for the network services and transactions on the Hedera blockchain network. It can be used when transferring HBAR tokens, managing fungible and non-fungible tokens, and logging data.
HBAR tokens could also be used as weighted voting rights on the transactions when reaching consensus.
How to mine HBAR？
HBAR could not be mine as they are using Proof of Stake (POS). Instead, you can stack your existing HBAR tokens to earn profits from Liquidity Provider (LP) rewards.
Where to store HBAR?
Hadera (HBAR) is based on the Hedera Hashgraph blockchain network, therefore, you would need to set up a wallet that supports it. Some of the wallets that Hedera recommends are BitGo and Fireblocks.
