The HBAR coin is the cryptocurrency that fuels the Hedera network. Developed by Leemon Baird in 2016, Hedera is a public network that utilizes the hashgraph consensus algorithm instead of a blockchain to provide secure and fast transactions across a decentralized network.
The Hedera Hashgraph is capable of processing 100,000 transactions per second which provides multiple benefits over the blockchain technology:
1. Transactions are processed much faster
2. A high bandwidth results in significantly lower fees
3. The use of the HBAR coin to fuel transactions would render any malicious attack on the network to be very costly thus making the network more secure.