HBAR to Fiat Converter

### Hedera: A Sustainable, Enterprise-Grade Public Network

Hedera is a decentralized public network designed for businesses and individuals to build powerful decentralized applications (DApps). It aims to address inefficiencies in older blockchain-based platforms, such as slow performance and instability, by offering a fairer and more efficient system.

The network operates using its native utility token, HBAR, which serves two primary functions:

1. Network Fuel – HBAR powers Hedera's services, including smart contracts, file storage, and transactions.
2. Network Security – Users can stake HBAR to help maintain the platform's integrity.

### Hedera Hashgraph: A Distributed Ledger Alternative

Hedera Hashgraph is a distributed ledger technology (DLT) that differs from traditional blockchains by using a unique hashgraph consensus algorithm. This approach is designed to improve transaction speed, cost efficiency, and scalability while maintaining security.

Key features of Hedera's technology include:

- Proof-of-Stake (PoS) Model – Enhances transaction verification efficiency and network security.
- Gossip-about-Gossip Protocol – Nodes share transaction data randomly, ensuring rapid consensus across the network.
- No Block Discarding – Unlike blockchains, Hedera incorporates all transaction branches into its consensus process.

### Core Network Services

Hedera provides two main services:

1. Consensus Service (HCS) – Allows clients to timestamp and order transactions while maintaining offline state storage and customizable privacy controls.
2. Hedera Token Service (HTS) – Enables token creation and management with built-in tokenization support.

### Smart Contracts & Compliance

Hedera supports smart contracts written in Solidity, similar to the Ethereum Virtual Machine (EVM). Additionally, it includes built-in KYC (Know Your Customer) and AML (Anti-Money Laundering) checks for regulatory compliance.

### HBAR: The Native Token

HBAR is essential for:
- Paying transaction and network fees.
- Facilitating in-app payments and micropayments.
- Compensating network nodes for their participation.

### Governance

Hedera operates under a decentralized governance model, where critical decisions—such as pricing, software updates, and treasury management—are made by the Hedera Governing Council.

By leveraging its hashgraph technology, Hedera aims to optimize high-volume operations like micropayments, data integrity, and tokenization while maintaining speed and security.