We’re thrilled to announce the listing of Hedera’s native token (HBAR) on Bitso! As one of the most innovative and scalable distributed ledger platforms in the world, Hedera uses its own patented cutting-edge distributed ledger technology called Hedera Hashgraph to bring high-speed, secure, and low-cost transactions. Whether you’re a blockchain enthusiast, a developer, or an enterprise user, HBAR opens up unparalleled opportunities to engage with a robust ecosystem designed for real-world applications.
What is HBAR?
HBAR is the native token of the Hedera network, a public distributed ledger built on the innovative Hashgraph consensus mechanism. Unlike traditional blockchains, Hedera leverages a Directed Acyclic Graph (DAG) structure through Hashgraph, enabling unparalleled transaction speeds, scalability, and energy efficiency. HBAR is essential to this ecosystem, powering network transactions, securing the platform through staking, and facilitating decentralized application (dApp) development.
Since its launch in 2018, Hedera has been adopted by some of the world’s leading enterprises, solidifying its reputation as a trusted platform for building next-generation decentralized solutions.
With fixed low transaction fees and support for up to 10,000 transactions per second (TPS), Hedera is the ideal network for applications spanning payments, DeFi, NFTs, and more.
HBAR isn’t just a token—it’s your gateway to a high-performance, enterprise-grade distributed ledger ecosystem.
Three Key Aspects of HBAR
1. Enterprise-Grade Governance
Hedera’s governance is managed by a council of globally renowned companies, including Google, IBM, and Boeing. These organizations oversee the stability and security of the network, ensuring trust and driving adoption across industries.
2. Fixed Low Fees and High Scalability
Transactions on Hedera, such as token transfers or account creations, are very inexpensive, regardless of the amount transferred or the network congestion. Combined with a capacity of up to 10,000 TPS, Hedera delivers the speed and cost-efficiency required for real-world adoption. Its low and predictable fees make it especially attractive for cost-sensitive applications.
3. Innovative Consensus Mechanism with Gossip Protocol
At the heart of Hedera’s architecture is its Gossip Protocol, which allows nodes to share information quickly and efficiently by “gossiping” with neighboring nodes. This methodology, combined with asynchronous Byzantine Fault Tolerance (aBFT)—the gold standard for security in distributed systems—, ensures unparalleled speed, security, and scalability. These features support a wide range of applications, including payments, DeFi, NFTs, decentralized identity solutions, and more.
A Practical Example of HBAR in Action
Imagine a multinational company uses Hedera’s network to streamline global payments:
- Cross-Border Transfers: The company sends funds to its partners across different countries.
- Speed and Cost: Each transaction is completed in seconds, with simple transactions like token transfers costing only a fraction of a dollar.
- Transparency and Security: Every payment is securely and transparently recorded on the Hedera network, ensuring compliance and trust.
This is just one of the many use cases where Hedera’s high performance, low costs and enterprise-grade governance create tangible value for businesses and individuals.
How to Get Started with HBAR on Bitso
Getting started with HBAR is simple:
1. Create a Bitso Account
If you’re not already a Bitso user, sign up on Bitso and complete the verification process and download the Bitso app to unlock access to HBAR trading.
2. Fund Your Wallet
Deposit your local currency or supported cryptocurrencies into your Bitso wallet to get started.
3. Buy HBAR
Go to the Buy/sell section in your Bitso app, find the HBAR trading pair, place your order, and join the Hedera ecosystem.
HBAR is listed on its native Hedera network, ensuring seamless and efficient transactions within the ecosystem. On Bitso, you can trade HBAR conveniently and securely.
Disclaimer
This blog post is for informational purposes only and does not constitute financial advice. While HBAR offers unique features and opportunities, it’s essential to conduct your own research (DYOR) and evaluate the risks before trading. Bitso encourages responsible trading and transparency in all investment decisions.
