HBARUSD
Hedera Hashgraph / US Dollar (BINANCEUS:HBARUSD)
crypto Binance.US

Hedera Hashgraph is a distributed ledger of transactions, otherwise known as a DLT (distributed ledger technology). While blockchains are the most commonly used DLTs, Hedera is slightly different since it uses a new consensus algorithm known as hashgraph. The hashgraph consensus algorithm aims to process and finalize more transactions at scale than traditional Proof-of-Work (PoW) networks, as they are often characterized by high latency and low transactions per second (tps). Hedera's state is stored on mainnet nodes, which are all currently run by members of the Hedera Governing Council. But in the future, mainnet nodes will be permissionless. These nodes secure the Hedera ledger by reaching a consensus on the validity and order of transactions. Hedera provides two core network services: the Hedera Consensus Service (HCS) and the Hedera Token Service (HTS). HCS allows clients to submit messages to the Hedera network for consensus timestamping and ordering, but it doesn't require the consensus nodes to store state related to that message. Instead, application state or data is persisted off-chain, where HCS users can define confidentiality and access control that cater to their use-case. The HTS supports native tokenization, whereby clients can create and manage various token types. Token controls include managing supply and KYC compliance, along with native atomic swaps and multi-sig capabilities. Hashgraph Consensus Hedera uses hashgraph consensus, an alternative to blockchain consensus mechanisms. It achieves a lower latency on transaction finality because once consensus on the timestamp and order of transactions is reached, those transactions are applied to the state in that order. Hashgraphs attempts to remove the reliance on fee-based auctions for transaction inclusion, which can lead to greater fees when the native token fluctuates in price and the potential for higher levels of MEV (miner extractable value). Consensus Nodes Hedera's public ledger being stored and run by the Hedera Governing Council. While running mainnet node is currently limited to Council members, Hedera eventually plans to make its network permissionless, allowing any participant to run a consensus node. Hedera nodes come to consensus on the validity and order of transactions. When the network transitions to a permissionless state, the influence of each node towards consensus will be weighted by the number of HBAR in their account. Hedera will run PoS (Proof-of-Stake) but without any stake bonding or slashing penalties. Hashgraph will function as the consensus and security layer, while the PoS layer will deter DoS (Denial of Service) attacks. Consensus nodes (currently run by Council members) will receive daily payments to compensate for their bandwidth, storage, and computing costs. These daily payments will be proportional to the stake the nodes have designated. Other accounts that proxy their stake to a node will receive smaller payments to incentivize them to select valid nodes. Mirror nodes offer a cost-effective way to query historical data without trust loss. The key network services are cryptocurrency, consensus, and token services. Network Fees Clients pay fees in HBARs for the network to process a transaction. The network attempts to keep fees low. For instance, transferring HBARs between accounts costs approximately $0.0001 USD according to the team. Fees are denominated in USD but charged in HBAR. Clients are given stability in fees since the network updates the exchange rate between HBAR and USD every hour to reflect the market price.