0

Introduction

In the rapid development of cryptocurrencies, an innovative project has received attention on its ability to interfere with traditional blockchain technology. Hedera Hashgraph (HBAR) is a decentralized main book that uses a new consensus mechanism to provide faster, safer and more scalable options for existing blockchain. In this article, we explore the HBAR world studying its unique characteristics and the way they distinguish it from other cryptocurrencies.

What is hedera (hbar)?

Hedera Hashgraph is a decentralized technology of the main league that aims to cover the gap between traditional blockchain networks and other decentralized applications. Launched by Fintech Hashgraph GmbH in Germany in 2016, HBAR was designed as an Open Source platform to create safe, scalable and high -performance cryptocurrency.

How does hedera (hbar) work?

The Hedera consensus mechanism is based on a new algorithm that uses the combination of certificate (POS), POW (POW) and its own hashtography, called hashgraph. Here is a simplified overall image of the process:

• Validation of the event

  : Users send events in the Hedera network, which are then checked with the Hashgraph.

• Voting the consensus : The network nodes vote at the event when each knot has a unique online share. The node of most votes becomes a “leader” on the transaction block.

• Creating blocks : The Leader Node creates a new block and adds it to the block chain. Each node provides the contents of the block using complex mathematical algorithms.

• Hashgraph algorithm : Hashgraph algorithm is used to ensure that the network remains decentralized and safe, ensuring that no knot controls the entire network.

Unique consensus mechanism

The Hedera consensus mechanism is unique in many ways:

* HASH

Certificate: HBAR uses the hash certificate (POH) to ensure that each transaction block has a valid hash that corresponds to the previous block. This eliminates the need for complex encryption factors, such as POW or POS.

* Hashgraph Network : The Hashgraph network is designed to be more energy efficient and scalable than traditional blockchain networks. It uses a new algorithm called “Hash Graaf” to connect multiple knots to a network, reducing the complexity of knots.

* The leader’s choice : The leader’s selection process is optimized for energy efficiency and scalability, focusing on reducing calculation requirements to check events.

Benefits

Hedera (HBAR) offers many advantages of traditional cryptocurrencies:

* Faster transaction times : The Harbar consensus mechanism can only manage events in milliseconds, making it an attractive choice for high frequency trading applications.

* Scalable : The Hedera Hashgraph network is designed to be scaled horizontally, allowing it to support a large number of users and events without a significant reduction in performance.

* Energy efficiency : New algorithms used in HBARs are more energy efficient than traditional blockchain networks, making it an attractive choice for environmental investors.

Conclusion

Hedera (Hbar) is a revolutionary cryptocurrency that has the potential to interfere with traditional blockchain technology. His innovative consensus mechanism, designed by Hashgraph GmbH, offers faster, safer and more scalable options for existing blockchain. With its unique features, Hedera offers an attractive solution for those looking for a high performance experience, an energy and ecological effective encryption experience.