Hedera is a decentralized 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. The Hedera Consensus Service (HCS) acts as a trust layer for any application or permissioned network and allows for the creation of an immutable and verifiable log of messages. Application messages are submitted to the Hedera network for consensus, given a trusted timestamp, and fairly ordered. Use HCS to track assets across a supply chain, create auditable logs of events in an advertising platform, or even use it as a decentralized ordering service. This has led to an exponential increase in HBAR price.
3rd Generation Public Ledger
Bitcoin pioneered decentralized infrastructure and Ethereum brought programmability. But earlier proof-of-work blockchains consume massive amounts of energy and process transactions slowly in order to achieve acceptable levels of security. Heavy bandwidth consumption by these technologies leads to expensive fees, even for a simple cryptocurrency transaction. The Hedera proof-of-stake public network, powered by hashgraph consensus, achieves the highest-grade of security possible (ABFT), with blazing-fast transaction speeds and incredibly low bandwidth consumption. By combining high-throughput, low fees, and finality in seconds, Hedera leads the way for the future of public ledgers.
The Hedera Token Service (HTS) enables the configuration, minting, and management of fungible and non-fungible tokens on Hedera without needing to set up and deploy a smart contract.
Create scalable and publicly verifiable timestamps and ordering of events for any application. Track assets on a supply chain, count music streams for digital rights, or log digital asset transfers.
HBAR can perform over 10,000 transactions per second. The average fee for transactions on HBAR is $0.0001. Transactions take between 3-5 seconds to complete and consumes as low as 0.00017KWH per transaction.
Let us review HBAR price
HBAR Price Prediction
HBAR has broken out of the trendline resistance. If it can break the resistance at $0.2161, we could start seeing a move towards $0.2518, $0.2825, $0.3131, $0.3567 and $0.4122. Failure to break the resistance at $0.4122 could lead to a move towards $0.5727. Failure to break the resistance at $0.2161 could lead to a drop towards $0.1519, $0.1255 and $0.1089.
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