What Is HBAR (Hedera) Crypto / Blockchain?
Today HBAR hit trending on twitter and it also hit Coinbase. In this article I'm going to go over what HBAR or Hedera cryptocurrency is.
What Is HBAR aka Hedera Crypto?
HBAR is a cryptocurrency token that runs on the blockchain hashgraph which was created in July 2017 during the first big rally in crypto. It's been a relativly small blockchain for some time now and has been building in the background for a while. It has 124 employees and made 2.1million in 2021. Thus showing its small scale size.
Hedera (HBAR) currently is ranked #35 on CoinGecko HBAR Ticker (which by the way is in it 8th birthday happy birthday CoinGecko!)
HBAR has traded for near nothing till the start of 2021 in which it's seen two rallies that mimic the overall crypto rallies of last year. Pushing this token to around the $0.40 mark.
[Hedera])https://hedera.com/) is own and governed by large companies and organizations such as Google, IBM, LG, UCL, Standard Bank, Boeing and more.
Per it's statement...
"Hedera is the most used enterprise-grade public network for you to make your digital world exactly as it should be – yours. HBAR is the native, energy-efficient cryptocurrency of Hedera that powers the decentralized economy. Whether you're a startup or enterprise, a creator or consumer, Hedera goes beyond blockchain for developers to create the next era of fast, fair, and secure applications."
HBAR Core
It begs the question however is this really decentralized if it's built by these leading companies? I feel that's a term that's being throwing around now as a trend and hype with some very grey areas.
As of yesterday HBAR foundation raised 250 million towards building their own metaverse to bring in major brands into the mix.
The chain also prides itself on stating it has low transaction fees that are predictable so no wild swings. The ability to do over 10k transactions per second, confirmations in 3 to 5 seconds and an extremely energy usage per transaction.
Ok, that all sounds great and there have been MANY chains that have all of these things before and when put into the real world against real strains quickly fell apart. If Hedera took off would it be able to handle it?
Is HBAR Hedera A Good Investment?
At the moment it's got a low enough price point that I would feel pretty good about investing some extra funds in. However this blockchain has been pushing for Coinbase listing and other stuff for a while now with no effect which leaves a few questions.
How much are these companies still backing this blockchain?
Will people want to be a part of these new applications as they launch on this chain?
Two very big unknowns but also these companies and the potential of this blockchain could be huge. If it does catch hold and move towards spotlight and adoption by the masses we could see 400% gains in a short period of time.
However for me personally this investment comes in with a high risk speculation as there's still to many unknowns and a few flags that raise in terms of why hasn't it be accepted on to coinbase yet.
Have you heard of this crypto before or any any feelings yourself about it? Drop it in the comments.
Posted Using LeoFinance Beta
