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Reasons to buy Hedera Hashgraph (HBAR)

Hedera is a decentralized, proof-of-stake public network. HBAR is the native crypto of the network. There are several reasons why you should consider investing in the coin:

• HBAR is energy-efficient, which means that it can process a large number of transactions while using a relatively less amount of energy. Due to this feature, Hedera is scalable in the long term.
• HBAR can be used to pay network fees on the blockchain.
• It can be staked to earn passive revenues, while helping network validators make the chain more secure.
• The Hedera network achieves the highest grade of security possible for a consensus algorithm—asynchronous Byzantine Fault Tolerance (aBFT).

What is Hedera Hashgraph (HBAR)?

HBAR is the native crypto of the Hedera network. HBARs can be used to pay transaction fees on the Hedera network and to help protect the blockchain through the Proof of Stake consensus mechanism. Developers can use HBARS to pay network fees, mint NFTs, or log unique data on the chain. Validators are compensated in HBARs for every transaction submitted on the network.

Things to consider before buying Hedera Hashgraph coin

One should know the currency denominations of the HBAR coin before investing.

gigabar 1 Gℏ = 1,000,000,000 ℏ

megabar 1 Mℏ = 1,000,000 ℏ

kilobar 1 kℏ = 1,000 ℏ

hbar 1 ℏ = 1 ℏ

millibar 1,000 mℏ = 1 ℏ

microbar 1,000,000 μℏ = 1 ℏ

tinybar 100,000,000 tℏ = 1 ℏ

• At the time of writing, HBAR is trading at 77% below its all-time high. The coin recorded its ATH of $0.2 on 29 March 2022.

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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.