{"id":9734,"date":"2025-06-18T14:08:31","date_gmt":"2025-06-18T13:08:31","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=9734"},"modified":"2025-06-18T14:08:34","modified_gmt":"2025-06-18T13:08:34","slug":"hedera-hbar-telegram-crypto-use","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/learn\/crypto\/hedera\/","title":{"rendered":"Hedera (HBAR) : What It Is, How It Works, and What Telegram\u2019s Crypto Is Used For in [current_year] ?"},"content":{"rendered":"\n
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What is Hedera (HBAR) ?<\/h2>\n\n\n\n

The Hedera<\/strong> network, officially known as Hedera Hashgraph<\/strong>, is a public distributed ledger that radically differs from conventional blockchains<\/strong>. Launched in 2019<\/strong>, this ambitious project is built on a unique technology called Hashgraph<\/strong>, invented by American computer scientist Leemon Baird<\/strong> in the mid-2010s.<\/p>\n\n\n

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\"Hedera<\/figure>\n<\/div>\n\n\n

Unlike traditional blockchains that organize data in sequential blocks, Hedera<\/strong> uses a directed acyclic graph (DAG) data structure that enables parallel transaction processing<\/strong>. This revolutionary approach eliminates the need for miners and achieves an asynchronous Byzantine Fault Tolerant (aBFT)<\/strong> consensus, considered the highest level of security attainable in distributed systems.<\/p>\n\n\n\n

The network’s native cryptocurrency<\/strong>, HBAR<\/strong> (symbolized by \u210f in reference to Planck’s constant), serves both as a payment method for transaction fees and as a network security mechanism through staking<\/strong>. With a maximum supply limited to 50 billion tokens<\/strong>, HBAR features a deflationary economy designed to preserve long-term value.<\/p>\n\n\n\n

One of Hedera’s<\/strong> most remarkable characteristics lies in its unique governance. The network is overseen by the Hedera Governing Council<\/strong>, a consortium composed of major global companies including Google Cloud<\/strong>, IBM<\/strong>, Deutsche Telekom<\/strong>, and Tata Communications<\/strong>. This corporate governance structure ensures institutional stability and legitimacy rare in this sector.<\/p>\n\n\n\n

The History of Hedera<\/h3>\n\n\n\n

The story of Hedera<\/strong> begins in computer research laboratories in the mid-2010s, when Leemon Baird<\/strong> developed the theoretical foundations of the Hashgraph<\/strong> algorithm. This technological innovation was born from a thorough reflection on the inherent limitations of existing blockchains<\/strong>, particularly their inability to simultaneously reconcile speed, security, and decentralization.<\/p>\n\n\n

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\"Hedera<\/figure>\n<\/div>\n\n\n

In 2016<\/strong>, Baird partnered with Mance Harmon<\/strong> to found Swirlds<\/strong>, the company holding the Hashgraph patents. The Hedera<\/strong> project truly took shape in 2018<\/strong>, marked by a historic fundraising of $124 million<\/strong> through a SAFT token sale mechanism.<\/p>\n\n\n\n

This period of intensive development culminated in the launch of the Hedera mainnet<\/strong> in September 2019<\/strong>. The year 2020<\/strong> was a major turning point with Google Cloud<\/strong> joining the Hedera Governing Council, followed in 2021<\/strong> by EFTPOS<\/strong>. A particularly significant event occurred in 2022<\/strong> when the Hedera Governing Council voted to acquire the Hashgraph patents<\/strong>, thus releasing the technology under the Apache open-source<\/strong> license.<\/p>\n\n\n\n

The most recent evolution occurred in September 2024<\/strong> with the transfer of all Hedera source code to the Linux Foundation<\/strong> under the project name Hiero<\/strong>.<\/p>\n\n\n\n

Who Created Hedera ?<\/h3>\n\n\n\n

Dr. Leemon Baird<\/strong> is universally recognized as the inventor of the Hashgraph<\/strong> algorithm and the technical brain behind the Hedera network. Holding a PhD in Computer Science from Carnegie Mellon University,<\/strong> Baird possesses deep expertise in distributed systems, cryptography, and algorithm theory.<\/p>\n\n\n

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Co-founder Mance Harmon<\/strong> brings complementary expertise in business strategy and commercial development. This combination of advanced technical skills and business acumen largely explains Hedera’s success with enterprises.<\/p>\n\n\n\n

Hedera’s governance philosophy reflects its creators’ vision: rather than relying on a single figure, the project banks on collective governance involving the world’s largest institutions. Today, the operational governance of the network<\/strong> is provided by the Hedera Governing Council<\/strong> and, since 2024, by the Linux Foundation<\/strong> as part of the Hiero project.<\/p>\n\n\n\n

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What is HBAR Crypto Used For ?<\/h2>\n\n\n\n

The cryptocurrency<\/strong> HBAR<\/strong> fulfills several essential functions within the Hedera ecosystem<\/strong>, forming the economic and security backbone of the network. Unlike many speculative cryptocurrencies, HBAR<\/strong> has concrete and measurable utility that justifies its intrinsic value.<\/p>\n\n\n\n

The primary function of HBAR<\/strong> is to serve as fuel for transactions<\/strong> on the Hedera network. Each operation performed on the platform requires payment<\/strong> of fees in HBAR. These fees, remarkably low (between $0.0001 and $0.01<\/strong> per transaction), make the network accessible for applications requiring high volumes of micro-transactions.<\/p>\n\n\n

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\"Hedera<\/figure>\n<\/div>\n\n\n

The second major utility of HBAR<\/strong> lies in securing the network<\/strong> through the staking mechanism. HBAR holders can delegate their tokens to validator nodes, thus contributing to consensus and network security. In exchange for this participation<\/strong>, they receive rewards in the form of new HBAR tokens.<\/p>\n\n\n\n

HBAR<\/strong> also plays a crucial role in network governance<\/strong>. While major strategic decisions are made by the Hedera Governing Council, HBAR holders participate in certain aspects of decentralized governance<\/strong>.<\/p>\n\n\n\n

The use cases for HBAR<\/strong> extend well beyond simple transactions, powering sophisticated decentralized applications across various domains. In decentralized finance (DeFi)<\/strong>, HBAR facilitates decentralized exchanges, lending protocols, and liquidity pools<\/strong> with negligible costs<\/strong>.<\/p>\n\n\n\n

Finally, digital identity<\/strong> applications leverage aBFT security to create tamper-proof authentication systems, while government applications<\/strong> use Hedera for electronic voting transparency and official document management. This diversity of applications demonstrates HBAR’s versatility beyond simple financial speculation<\/strong>.<\/p>\n\n\n\n

How Does the Hedera Network Work ?<\/h2>\n\n\n\n

The Hedera<\/strong> network relies on a revolutionary technical architecture that fundamentally distinguishes it from traditional blockchains. At the heart of this innovation is the Hashgraph<\/strong> consensus algorithm, a technology that abandons the linear structure of blocks in favor of a directed acyclic graph<\/strong> (DAG) allowing parallel and asynchronous transaction processing.<\/p>\n\n\n

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\"Hedera<\/figure>\n<\/div>\n\n\n

The Consensus Algorithm<\/h3>\n\n\n\n

The Hashgraph<\/strong> algorithm operates according to a principle called “gossip about gossip<\/strong>“. Each node in the network communicates randomly with other nodes, sharing not only new transactions but also the history of its previous communications. This method naturally creates a dependency graph<\/strong> that determines the chronological order of events without requiring an explicit consensus mechanism<\/strong>.<\/p>\n\n\n\n

Unlike blockchains that require a miner or validator to be chosen to propose the next block, Hashgraph<\/strong> allows all nodes to contribute simultaneously to consensus<\/strong>. This approach eliminates bottlenecks and achieves exceptional performance: 10,000 transactions per second<\/strong> with finality in less than 3 seconds<\/strong>.<\/p>\n\n\n\n

Hashgraph’s aBFT<\/strong> (asynchronous Byzantine Fault Tolerant) consensus guarantees that the network remains secure even if up to one-third of nodes are compromised or malicious. This property offers the highest level of security theoretically achievable in a distributed system.<\/p>\n\n\n\n

A Multi-Layered Network<\/h3>\n\n\n\n

The Hedera<\/strong> network is organized around several functional layers working in synergy to provide a complete and versatile platform. The Hedera Consensus Service (HCS)<\/strong> allows external applications to use Hashgraph consensus without requiring modification to their existing architecture, transforming Hedera into a universal “trust layer”.<\/p>\n\n\n\n

The Hedera Token Service (HTS)<\/strong> significantly simplifies the creation and management of custom tokens, unlike Ethereum where token creation requires deploying complex smart contracts.<\/p>\n\n\n

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\"Hedera<\/figure>\n<\/div>\n\n\n

The Hedera File Service (HFS)<\/strong> offers an integrated decentralized storage system, allowing applications to store files directly on the network with integrity and availability guarantees.<\/p>\n\n\n\n

Finally, one of Hedera’s<\/strong> major strengths lies in its EVM compatibility<\/strong> (Ethereum Virtual Machine). This feature allows developers to deploy their existing Solidity smart contracts<\/strong> on Hedera without modification, while benefiting from the network’s superior performance. This compatibility accelerates adoption by developers, creating a natural bridge to the most developed blockchain ecosystem.<\/p>\n\n\n\n

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Advantages and Disadvantages of Hedera (HBAR)<\/h2>\n\n\n\n

Let’s now examine the strengths and areas for improvement of Hedera.<\/p>\n\n\n\n

Advantages of Hedera<\/h3>\n\n\n\n