Hashgraph is a consensus algorithm developed by Leemon Baird which works on the “gossip about gossip” protocol and offers quick transaction times and fairness.
Hashgraph can be best described as an advanced version of blockchain technology that solves several problems that blockchain has been facing since its inception, such as scalability, speed of transactions, fairness in the system, and a secure environment.
Hedera Hashgraph recently announced the launch of their public network named “MainNet,” which will allow developers to build applications on top of it from now onwards. Once the MainNet is live, Hedera Hashgraph will offer services as a cryptocurrency and a platform where you can develop decentralised apps.
Here are reasons to buy HBAR:
1) It is Fast
Hedera Hashgraph claims to be able to process hundreds of thousands of transactions per second, which is the fastest compared to existing blockchain technology.
For example, Bitcoin can only process around 7-10 transactions per second, whereas Ethereum can manage only 20-30 transactions. This makes Hedera Hashgraph an ideal candidate for enterprise-level applications.
2) It is Secure
Hedera Hashgraph has been built to be a secure platform from the ground up. The algorithm uses a unique consensus mechanism resistant to Sybil attacks and has been tested for several years now.
3) It is Fair
Hedera Hashgraph uses a novel approach to consensus called “virtual voting,” which ensures complete fairness in the system. Users will be provided with fair access to transactions, and there will be no unnecessary delays in block confirmation or transactions.
4) Hedera is Decentralised
Few cryptocurrencies are genuinely decentralised, such as Bitcoin and Ethereum. However, Hedera Hashgraph has been designed to be a fully decentralised public network with fair access and no central authority.
Decentralised finance is one of the primary reasons enterprises trust Hedera Hashgraph.
5) It is Scalable
As mentioned earlier, the Hedera Hashgraph can almost be unlimited and imagine a scenario where millions of transactions occur every second. This would not be possible with existing blockchain platforms as they struggle to manage transaction volume daily.
6) Public Network Launch is Imminent
Hedera Hashgraph has launched their public network, named “Mainnet,” which went live in 2018. The platform works as a cryptocurrency and a decentralised development platform for enterprises looking to build innovative apps.
So, if you plan to invest, then Hedera Hashgraph should be one of your top choices. The network is fast, secure, and fair, which are the key ingredients for any successful enterprise application.
Furthermore, the public network launch is imminent, so you don’t have to wait too long to start using it.
How to buy Hedera Hashgraph?
If you are looking to buy HBAR, you can do so on several exchanges. The benefits of buying through exchanges include ease of use and instant liquidity. Here are a few things to consider:
1) Buy from an Exchange
There are several reliable cryptocurrency exchanges where you can buy Hedera Hashgraph. These exchanges allow you to buy HBAR with other cryptocurrencies such as Bitcoin and Ethereum.To buy HBAR on an exchange, you will need to first create an account and then deposit some funds into it. Once the funds are in your account, you can then trade them for HBAR.
2) Create an Account on Hedera Wallet
Once you have bought Hedera Hashgraph, you will need to store it in a wallet. Hedera has its official wallet, which you can download from their website. The crypto wallet is user-friendly and allows you to store your coins safely.
3) Use the Wallet to Send and Receive Transactions
The Hedera wallet allows you to store and send your coins. You don’t need anyone else to create transactions in the system as everything is done by yourself with no third party involvement.
4) Join the Community
The Hedera Hashgraph community is vibrant and active. There are several forums, websites, and social media groups that you can join to stay up to date with the latest crypto-related news and developments.
5) Understand the Development of Applications
Hedera Hashgraph is a cryptocurrency and a development platform for enterprise applications. If you want to build an app on the Hedera network, you will need to learn how to use their SDK and development tools.
These are some of the things you need to know before buying Hedera Hashgraph. The network is fast, secure, and fair, making it a perfect choice for enterprise-level applications. Big businesses are already working with Hedera Hashgraph, which means that it will soon become one of the biggest cryptocurrencies in the market. So, it is safe to say that it is a good investment to consider buying before it shoots up due to high demand.