Hedera

Hedera is based on a Proof-of-Stake (PoS) model that is believed to increase the efficiency of transaction verification in the network, provide a high level of security, and protect the network from hacker attacks. This PoS model is a key part of Hedera's ecosystem, which also includes the underlying hashgraph consensus algorithm and a global enterprise governing body. Hedera Hashgraph is a distributed ledger technology (DLT) that differs from traditional blockchain networks. Instead of a blockchain, Hedera uses a new consensus algorithm called hashgraph. This algorithm is claimed to process and execute transactions faster, eliminate delays, and improve scalability compared to conventional blockchain networks. The HBAR token plays a dual role in the Hedera network. First, it is used to power Hedera's services, such as smart contracts and file storage. Second, HBAR holders can stake their tokens to help maintain the integrity and security of the Hedera network. This staking mechanism is an important part of Hedera's Proof-of-Stake consensus model.

The Hedera network is governed by a council composed of up to 39 global organizations, ensuring a decentralized and democratic governance structure.

Hedera supports a variety of applications including token services, decentralized finance, smart contracts, and consensus services for secure transactions.