The Hedera Hashgraph network was originally funded in 2018 through its initial coin offering (ICO) and developed by the company Hedera in Dallas, Texas. Cofounders Leemon Baird and Mance Harmon are both educated technology inventors and entrepreneurs, and the Hashgraph technology is certified to Hedera through Baird’s company Swirlds.
Hedera Hashgraph intimately launched its main net in September 2019, where its native token HBAR was priced at $0.08. From there, the design has had a hard time gaining attention in the crypto community because of its fairly centralized and private approach to erecting its network.
The design is controlled by Hedera and large institutions and isn’t open source. On top of not incorporating some of the biggest theories that make cryptocurrencies so dependable, the network is susceptible to a ⅓ market preemption. Many other cryptocurrencies like Bitcoin and Ethereum are susceptible to a 51 percent preemption, so this ⅓ preemption is a really big problem the Hashgraph network may not overcome.
How to buy Hedera
Buy Hedera coin by following these simple steps:
Open an online account
Hedera is steadily growing in acceptance within exchanges, and with that, further exchanges are offering it on their platforms as this design continues to develop. Presently, the most dependable exchange to buy HBAR is Binance. Binance is the largest cryptocurrency exchange by trading volume and ensures its platform through its Secure Asset Fund for customers. Its acceptance allows it to host a wide range of cryptocurrencies and trading options. To get started on this platform, you’ll need to register for a Binance account. Click the Register button in the top right of the Binance web page and set up your account with an email. Binance will automatically check the position of your IP address, so if you’re in a defined area, you may have to use one of its indispensable platforms like Binance.us. Once you have set up an account, you can now onboard funds from a bank deposit or a debit or credit card. However, you can send it directly to your new Binance wallet, If you formerly have crypto in another wallet. Check to make sure the currency is accepted, and you’re transferring it to an address for that specific cryptocurrency.
Buy a wallet (optional)
Wallets are places to store your cryptocurrency keys. Keeping this information private is essential to guarding your cryptocurrency. The 2 main styles for storing private keys in a wallet offer extra security and availability options.
Make your purchase
Once you’ve funded your Binance account, you’ll be able to convert your finances to HBAR in the convert section of the trading drop-down menu. On the conversion page, find the currency you’re converting from and set the currency you’re converting to as HBAR. Also, input the conversion quantum and HBAR will be in your Binance wallet within seconds. You can also trade either tether (USDT), Binance coin (BNB), or Bitcoin (BTC) for HBAR on the Binance exchange if you’re looking to buy and trade more frequently. The exchange platform allows you to find the best HBAR prices that other dealers are offering.
Take away
Hedera doesn’t have a strong following with the crypto community because it’s not nearly as decentralized as a lot of its challengers, and without the support of big associations, it wouldn’t nearly be as successful as it’s been. But, it does have the support of big companies and has a strong development platoon that can bring this network to wide-gauge implementation.
On top of having the specialized availability, it’s still a fairly small design with only a $1.5 billion market cap. This quantum of funds might feel like a lot. But in the crypto world, the crypto parody coin Dogecoin (DOGE) has a market cap of $25.8 billion and the parody coin of that parody coin Shiba Inu (SHIB) has a market cap of $2.8 billion. So, there’s still a lot of room for Hedera Hashgraph to grow, especially if it continues to help with extensive systems like COVID-19 vaccine distribution.
