HBAR is the native cryptocurrency of the Hedera network – a high-performance public ledger that uses a unique consensus mechanism called Hashgraph. Unlike traditional blockchains, Hedera’s technology enables faster transactions, low fees, and high energy efficiency.
What is HBAR used for?
HBAR serves two main purposes within the Hedera ecosystem:
- Paying for network services such as smart contracts, file storage, and transactions
- Securing the network through staking and consensus participation
The Hedera network supports enterprise applications, decentralized apps (dApps), and even governments and institutions looking for secure and scalable Web3 infrastructure.
What makes HBAR unique?
- Based on Hashgraph – a patented, non-blockchain consensus technology
- Extremely low transaction fees (fractions of a cent)
- Very high throughput (up to 10,000+ TPS)
- Energy-efficient and carbon-negative by design
HBAR on Floin
Floin supports HBAR natively. You can store, send, and receive HBAR securely, and benefit from one of the most technically advanced digital asset networks in the Web3 space.
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