Token: HBAR
Hedera (HBAR) is a cryptocurrency that runs on a blockchain known as a hashgraph. Besides paying for transactions, HBAR tokens are staked on the network, giving a weighted voting system to verify transactions. It's like Proof of Stake on Ethereum. The Hedera Hashgraph enables cryptocurrencies, smart contracts, and distributed apps (DApps).
HBAR is used to pay transaction fees, make payments and micropayments, and protect the network through its proof-of-stake consensus. Developer & retail users can purchase hbars from third-party companies and platforms, such as exchanges, that have chosen to integrate into the ecosystem.
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