How to Buy Hedera Hashgraph (HBAR) in Australia

Hedera Hashgraph (HBAR) is the native token of Hedera, its own public Layer-1 network for decentralised applications, tokenisation and low-fee smart contracts. Rather than a traditional blockchain, Hedera runs on Hashgraph consensus. HBAR is used to pay network fees and to help secure the network.

Hedera is a native Layer-1 network: the network is its own chain, so HBAR is not a bridged token sitting on another chain. Alongside general-purpose smart contracts, Hedera offers built-in services such as the Hedera Token Service and Consensus Service.

• Network type: a native Layer-1 distributed ledger (the network is its own chain, so HBAR is not a bridged token).
• Consensus: Hashgraph, an asynchronous Byzantine Fault Tolerant (aBFT) proof-of-stake mechanism, not proof-of-work mining.
• Governance: overseen by the Hedera Governing Council, a group of independent global organisations.
• HBAR's role: the native token used to pay transaction fees and to help secure the network.

Who created Hedera and when did it launch?

Hedera was co-founded by Dr. Leemon Baird and Mance Harmon. Dr. Baird invented the Hashgraph consensus algorithm, and the underlying Hashgraph whitepaper was published in 2016.

The project has a layered timeline rather than a single launch date. Hedera launched publicly in 2018 (its launch event was held in March 2018), and the Hedera mainnet opened to the public in September 2019. So depending on what you mean by "launch" (the public unveiling or open mainnet access), the relevant years are 2018 and 2019, built on research first published in 2016.

How Hashgraph consensus works

Hedera reaches agreement using Hashgraph consensus, an asynchronous Byzantine Fault Tolerant (aBFT) proof-of-stake mechanism, rather than proof-of-work mining. It is designed to confirm transactions without energy-intensive mining.

Instead of chaining blocks together, Hashgraph spreads transaction information across the network using a "gossip about gossip" protocol, where nodes rapidly share what they know (and what they know that others know). Nodes then use virtual voting over a directed acyclic graph (DAG) to agree on the order and validity of transactions, without every node having to send explicit votes. This is what distinguishes Hedera from proof-of-work blockchains.

What is HBAR used for?

HBAR is the fuel of the Hedera network. It is used to pay transaction fees for transfers, smart contracts and Hedera's native services, and it helps secure the network through proof-of-stake.

Developers and organisations build on Hedera to run decentralised applications, tokenise real-world and digital assets, and use low-fee services such as the Hedera Token Service (for issuing and managing tokens) and the Hedera Consensus Service (for verifiable, ordered event logs). Because Hedera is governed by the Hedera Governing Council of independent global organisations, its direction is shared across many parties rather than a single company. Every one of these activities is paid for in HBAR.

Things to consider before buying HBAR

Cryptocurrencies like HBAR can be volatile, and their value can rise or fall significantly over short periods. Before buying, it helps to understand the Hedera network, how the token is used, and the risks involved. This section is general information, not financial or legal advice.

Consider your own circumstances and do your own research before making any decision. Only commit funds you are comfortable holding through market swings, keep your account security strong, and remember you are responsible for your own tax and reporting obligations. If you are unsure, seek independent advice from a qualified professional.

Why Buy Hedera Hashgraph?

People research Hedera Hashgraph (HBAR) because it is an enterprise-focused Layer-1 network with its own Hashgraph consensus and native services such as the Hedera Token Service and Consensus Service. This section is general information, not financial or legal advice. Always do your own research and consider your own circumstances.

Buying Hedera Hashgraph in Australia: the quick recap

To buy Hedera Hashgraph in Australia on Digital Surge: create a free account, verify your ID, deposit AUD via PayID or bank transfer, then buy Hedera Hashgraph. The whole process takes about five minutes, and your Hedera Hashgraph is held safely in your Digital Surge wallet.

Learn more about Hedera Hashgraph

On Digital Surge you can see the live Hedera Hashgraph price and HBAR to AUD converter, see other coins in the Layer 1 category, or read what cryptocurrency is before you buy Hedera Hashgraph in Australia.