HBAR Hedera Rank #31 $0.0895 ▼ 3.23%

Hedera (HBAR) is the native cryptocurrency of Hedera Hashgraph, a decentralized public network designed for building secure, high-performance decentralized applications. The platform distinguishes itself through a directed acyclic graph (DAG) architecture that achieves near real-time consensus, rather than relying on a traditional blockchain structure. It operates as a layer 1 (L1) network, supporting smart contracts and serving as a foundation for a wide range of decentralized services. The network is governed by a council of prominent global organizations, including Google, IBM, Boeing, Deutsche Telekom, LG Electronics, Tata Communications, and several major legal, financial, and academic institutions. This council-based governance model oversees the platform's development and decision-making. The native token, HBAR, powers the network by enabling transactions, smart contract execution, and protection against network spam through fee payments. A core feature of the ecosystem is the Hedera Consensus Service (HCS), which provides a verifiable, trust-ordered log of events for applications. HCS is commonly used for supply chain tracking, auditable event logging, and as a decentralized ordering mechanism for permissioned networks.