Hedera Hashgraph is a new-generation distributed ledger platform that can overcome the traditional blockchain networks’ limitations. The developers aim to create a faster and stable environment where users can secure digital transactions and create powerful Decentralized applications. HBAR is the utility token on this network.
Hedera Hashgraph had its Initial Coin Offering in August 2018, and its Mainnet was launched in September 2019. Unlike Bitcoin or Ethereum Classic, the HBAR token can fulfill multiple roles in the Hedera Hashgraph ecosystem. Users can use the token to engage in smart contracts, regular value-based transactions, and file storage needs. There is also an option to stake the coins.
Hedera Hashgraph Payment Benefits:Accepting payments in REP can give you the following benefits.
- Transactions on the Hedera Hashgraph network are faster than a traditional blockchain network. As a merchant, you can receive speedier confirmation messages, among other things.
- The network uses a unique consensus mechanism that improves the network’s security layer. It makes HBAR a suitable token for transactions of wide value ranges.
- You can use the HBAR token to receive average value or avail the encrypted file storage services from the network.
- The Hedera Hashgraph network also offers one of the most straightforward smart contract designing systems you can use today.
- Hedera Hashgraph transactions have an average transaction fee of $0.0001, one of the lowest you’d come across.
- The scalability of the Hedera Hashgraph platform means you can see more industry veterans using this platform in the future.