Developers use hbars to pay for network services, such as transferring hbars, minting fungible and non-fungible tokens, calling smart contracts, and logging data. For every transaction submitted to the network, hbars are used to pay fees that compensate validator nodes for bandwidth, compute, and storage.
Hedera is a public, open source, proof-of-stake network. When hbars are staked to network nodes, they have a weighted influence on consensus for validating transactions.
Weighted voting makes it difficult and expensive for a bad actor to maliciously affect consensus — it would require a centralized authority to own and stake over one-third of the network’s total supply of HBAR.
The Treasury Management Report describes the methodology used to report Hedera’s management of the allocated and unallocated supply of hbars as directed by the Council’s Treasury Management and Token Economics Committee and presents the current data as of December 6, 2022.
This report includes the following information:
Classification of Hbars.
Allocations and Release Schedule.
Principles Applied to the Report.
The 3rd generation public ledger
Bitcoin pioneered decentralized infrastructure and Ethereum brought programmability. But earlier proof-of-work blockchains consume massive amounts of energy and process transactions slowly in order to achieve acceptable levels of security. Heavy bandwidth consumption by these technologies leads to expensive fees, even for a simple cryptocurrency transaction.
The Hedera proof-of-stake public network, powered by hashgraph consensus, achieves the highest-grade of security possible (ABFT), with blazing-fast transaction speeds and incredibly low bandwidth consumption. By combining high-throughput, low fees, and finality in seconds, Hedera leads the way for the future of public ledgers.
Transactions
per second
average
fee
transaction
confirmation
Energy
Consumption
per
Transaction
1st
Generation
Bitcoin
BTC
3+
TPS
$22.57
usd**
10-60
minutes
885+
kWh^^
2nd
Generation
Ethereum
ETH
12+
TPS
$19.55
usd^
10-20
seconds
102+
kWh^^
3rd
Generation
Hedera
HBAR
10,000+
TPS*
$0.0001
usd
3-5
Seconds
(w/ finality)
0.00017
kWh^^
*Cryptocurrency txns throttled at 10k tps and will increase in the future. Sharding to enable unlimited tps. For Hedera, the range is shown for transactions not requiring a transaction record but can receive a transaction receipt.
**Avg. Bitcoin tx fee from 2/20/21 - 5/21/21 from https://blockchair.com/bitcoin/charts/average-transaction-fee-usd?interval=3m.
^Avg. Ethereum tx fee from 2/20/21 - 5/21/21 from https://blockchair.com/ethereum/charts/average-transaction-fee-usd?interval=3m.
^^From https://ptvolts.com/sites/default/files/documents/sustainable-blockchain-power-transition.pdf.
The Hedera network achieves 10,000 HBAR cryptocurrency transactions per second, in a single shard and on-ledger, without compromising on network security or stability.
Hashgraph consensus is incredibly lightweight, allowing for the cost per HBAR transaction to be very small — around $0.0001 USD. In combination with high throughput, micropayments using a token on Hedera, or hbars, is a practical reality.
Never wait for block confirmations again. HBAR transactions achieve finality, on-ledger, within three to five seconds. Be confident in payment settlements and offer modern digital experiences within your application.
Last metrics update: January 26, 2023 at 00:00 UTC
Applications and microservices that use a public ledger provide greater transparency and trust than ever before. This makes entirely new things possible, like a music streaming service paying artists directly or a disintermediated ad network that doesn't require audits. A fairer, more secure, digital future is being decentralized on Hedera. Make it yours.
Every node on Hedera’s proof-of-stake network has a weighted influence on consensus — that weight is proportional to the number of hbars staked to a node. Transactions are placed into consensus after they're validated by nodes representing an aggregate stake of over two-thirds of the network’s total supply of hbars. Rewards are split between the node operator and accounts staked to a node, earning the staker a small share of transaction fees.
Found below are some of the most commonly asked questions about Hedera HBAR. Please visit our full FAQ for the entire list of questions.
Hedera has a fixed supply of 50 billion coins.
gigabar 1 Gℏ = 1,000,000,000 ℏ
megabar 1 Mℏ = 1,000,000 ℏ
kilobar 1 kℏ = 1,000 ℏ
hbar 1 ℏ = 1 ℏ
millibar 1,000 mℏ = 1 ℏ
microbar 1,000,000 μℏ = 1 ℏ
tinybar 100,000,000 tℏ = 1 ℏ
HBAR (ℏ) may be available for purchase by developers and users to build and utilise applications on the network at the exchanges and OTCs listed in the Buying Guide.
Our Hedera corporate logo is a bold, uppercase HBAR (Ħ), but our currency symbol is a lower case, italicized HBAR (ℏ). The written way to express Hedera cryptocurrency is hbars, and is equivalent to writing US dollars. It can also be expressed as HBAR, which is equivalent to writing USD.