What is HBAR
HBAR is the native token of Hedera Hashgraph — a decentralized protocol that offers a range of services including payments, smart contracts, and file storage.
Hedera Hashgraph is similar to blockchain technology, but has quite a few differences that (without getting technical) make it a much faster and more scalable network for decentralized transactions.
To use the Hedera Hashgraph network, users are required to have HBAR tokens. These tokens pay for network fees, including node fees and transaction fees.
HBAR holders can stake their holdings to provide stability to the network, giving stakers governance rights and the ability to earn rewards for participating in the network.