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Description

HBAR cryptocurrency of the Hedera public network. Hbars are used to power decentralized applications and protect the network from malicious actors.

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Network fuel

Developers use hbars to pay for network services, such as transferring hbars, managing fungible and non-fungible tokens, and logging data. For each transaction submitted to the network, hbars are used to compensate network nodes for bandwidth, compute, and storage.

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Network protection

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.

Weighted voting with hbars makes it difficult and expensive for a bad actor to maliciously affect consensus — it would require them to own and stake over one-third of the network’s total supply of HBAR, which will not be possible for the first 5 years.