What is Hedera?

Symbol: HBAR · Market cap rank: #29

Short answer

Hedera (HBAR) is a cryptocurrency currently ranked #29 by market capitalisation. It is classified as Layer 1 (L1) Smart Contract Platform.

Source: isthiscoinascam.com

Overview

Hedera is a decentralized public network designed for developers to create secure applications with near real-time consensus. It is governed by a council that includes various global organizations such as Boeing, Google, and IBM, among others.

The network features the Hedera Consensus Service (HCS), which provides a trust layer for applications, allowing the creation of an immutable log of messages. HCS can be utilized for a range of applications, such as tracking assets in supply chains and generating auditable logs of events.

Launched: 2018

Headquarters: Richardson, Texas, USA

Scam-risk analysis

Hedera is rated CCC on isthiscoinascam.com. Is Hedera a scam?

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