HBAR is the native cryptocurrency of the Hedera public network. Hbars are used to power decentralized applications, build peer-to-peer payment and micropayment business models, and protect the network from malicious actors.
Developers use hbars to pay for network services, such as running a smart contract, storing a file, or transferring cryptocurrency. For each transaction submitted to the network, hbars are used to compensate network nodes for bandwidth, compute, and storage.
Hedera’s proof-of-stake public network uses hbars, which are staked or proxy staked (coming soon) to a network node, to weight votes on transactions when reaching consensus.
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A lot of members like to hold onto their Hedera Hashgraph in case it increases in value. You can hold your Hedera Hashgraph in your Cointree account or transfer it to a private wallet.
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You can use Hedera Hashgraph to buy many things online aswell as in physical stores. More businesses are accepting Hedera Hashgraph every day.
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