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 build secure applications with near real-time consensus. It is governed by a council comprising various global organizations, including Avery Dennison, Boeing, Deutsche Telekom, IBM, and Google, among others.
The Hedera Consensus Service provides a trust layer for applications and permissioned networks, enabling the creation of an immutable and verifiable log of messages. This service can be utilized for tracking assets in supply chains, creating auditable logs in advertising, and functioning as a decentralized ordering service.
Launched: 2018
Headquarters: Richardson, Texas, USA
Scam-risk analysis
Hedera is rated CCC on isthiscoinascam.com. Is Hedera a scam?
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