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What is Hedera?

Hedera Hashgraph is a distributed ledger system launched in 2017, using Hashgraph technology instead of a blockchain.

It relies on Gossip about Gossip and virtual voting as a consensus mechanism, allowing all nodes to become aware of the message and predict when the nodes would vote, making the whole network more efficient. Hedera has four core features including consensus, HBAR token, smart contracts, and file storage.

Compared to blockchain, Hedera Hashgraph claims to be more energy-efficient, faster, and more secure, with the backing of big brands like Google and Boeing. Its HBAR token helps run the network and can be staked using proxy staking.

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