what is hedera coin
Hedera is not a currency itself, but rather a decentralized public network designed to enable the development and deployment of decentralized applications (dApps) and services. Hedera Hashgraph is the underlying technology powering the network.
Hedera Hashgraph uses a directed acyclic graph (DAG) consensus algorithm to achieve consensus among nodes in the network. This algorithm is different from blockchain technology and offers several advantages such as high throughput, fast finality, and low transaction fees.
The native cryptocurrency of the Hedera network is called HBAR. HBAR is used as a utility token within the network to pay for transactions, access network services, and participate in the consensus process. It can also be used as a medium of exchange and store of value.
The Hedera network aims to provide a secure and scalable platform for building decentralized applications that can be used in various industries such as finance, supply chain, gaming, and more. It is governed by the Hedera Governing Council, which consists of a diverse group of organizations from different industries and regions.
It's worth noting that my knowledge is based on information available up until September 2021, so there may have been updates or developments regarding Hedera since then.