Hedera (HBAR)

Payments and Finance

Hedera enables fast, affordable, and scalable crypto payments. It supports decentralized finance (DeFi), treasury management, and real-time digital payments.

Tokenization

It allows seamless tokenization of real-world and digital assets, including fungible and non-fungible tokens (NFTs), making asset management easier and more secure.

Supply Chain and Enterprise

Hedera is used for supply chain traceability, ensuring fair and fast transaction ordering. Enterprises use it for secure event logging and tracking goods or data.

Identity and Data Integrity

Hedera supports decentralized identity verification and data integrity, useful in healthcare, telecommunications, and other industries needing secure, verifiable records.

Smart Contracts and Applications

It runs Solidity-based smart contracts, enabling developers to build decentralized applications with compliance features like KYC and AML checks.

Governance and Network Security

Hedera uses its native token HBAR for transaction fees and network security through a proof-of-stake consensus, governed by a council of global enterprises.

Advantages

• Fast Transactions: Hedera offers quick transaction speeds, making it efficient for users.
• Low Fees: Transaction costs on Hedera are generally low compared to many other blockchains.
• Energy Efficient: Hedera uses a proof-of-stake system that consumes less energy than traditional proof-of-work blockchains.
• Governance: Hedera is governed by a council of global organizations, which helps maintain stability and trust.
• Scalability: It can handle a large number of transactions without slowing down.

Disadvantages

• Centralization Concerns: Some users feel the governance model is less decentralized than other blockchains.
• Smaller Ecosystem: Compared to bigger platforms like Ethereum, Hedera has fewer apps and developers.
• Less Popular: It is not as widely known or used, which can limit adoption and network effects.

Founders of Hedera

• Leemon Baird: Inventor of the Hashgraph algorithm, with a background in artificial intelligence and cybersecurity.
• Mance Harmon: Business partner of Leemon Baird, with experience as a CEO and technology executive.
• Paul Madsen: Contributed significantly to the founding team and development of Hedera.

These three individuals created Hedera and its underlying technology, Hashgraph.

Key Investors in Hedera

Hedera has raised around $140 million from a variety of investors. Some notable investors include:

• Alpha Citadel
• Baboon VC
• Blockchain Assets
• Broslyn Capital
• Continue Capital
• Boeing HorizonX Ventures
• Tata Communications
• BlockTower Capital
• Vestinwolf Alternatives

These investors come from venture capital firms, corporate venture arms, and other investment groups supporting Hedera's growth and technology development.

Halal Status

Yes, Hedera is considered halal.

Reason

Hedera operates on a unique Hashgraph technology with a transparent business model and governance by reputable companies. It avoids interest (riba) and gambling (maysir) elements, aligning with Islamic finance principles. The token is mainly used to pay for network services, which supports its permissibility.

Sources like Crypto Ummah and Practical Islamic Finance confirm Hedera’s compliance with Shariah guidelines.