Hedera Hashgraph replaces blockchain blocks with parallel graph structure
Hedera (HBAR)
Editor:
Eugene Serbin
crypto.news explains that Hedera distinguishes itself by abandoning sequential blocks for a directed acyclic graph where events reference two parents. This architecture allows parallel transaction processing, achieving peak production throughput above 3,300 transactions per second with three-to-five-second finality. The network utilizes gossip-about-gossip and virtual voting to reach asynchronous Byzantine fault tolerance, ensuring mathematical finality without proof-of-work.
Hedera provides fair ordering by timestamping transactions based on the median node reception time, which helps prevent front-running. Governance is managed by a council of 31 term-limited organizations, including Google, IBM, and Boeing, who hold equal voting rights. These members control software upgrades, treasury disbursements, and strategic direction, though critics note this structure is less decentralized than anonymous validator sets.
The consensus algorithm was originally patented by Swirlds, co-founded by Leemon Baird and Mance Harmon, before the code was released under an Apache 2.0 license in 2022. While the council structure is described as a transitional measure, the long-term goal is to open node operation to the public. Community nodes have begun rolling out in phases to support this shift. The network tolerates up to one third of malicious nodes without stalling, provided the two-thirds honest threshold is maintained.
How the market reacted
Whalio's own Binance spot order flow for HBAR, measured when this story was written up on 2 September 2026. Not the outlet's figures.
HBAR trades at $0.07407 with a 24-hour buy ratio of 53.6%, indicating that buyers are currently dominating the daily flow. However, shorter-term pressure is weakening, as the 1-hour buy ratio drops to 48.6% and the 4-hour ratio falls further to 44.5%. This decline in shorter timeframes suggests that immediate buying momentum is fading compared to the daily average. The 24-hour volume delta is positive at $445,435, showing that net buying has outweighed selling over the last day. In contrast, the 1-hour and 4-hour volume deltas are negative, at -$4,385 and -$81,534 respectively, indicating recent selling pressure. A positive volume delta means more money has flowed into buys than sells, while a negative delta signals the opposite flow.
The latest daily buy ratio of 53.0% sits at the 93rd percentile of the last 281 days, against a median of 48.8% - among the strongest buying days it has had.
Was that an ordinary day?
The same Binance spot measurements for HBAR, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 50.4%, making today’s 24-hour ratio of 53.6% an increase of 3.2 points above the weekly norm. This suggests that buying interest is currently stronger than usual for this asset. However, the spot volume of $6,124,437 is only 0.72 times the weekly average, indicating that this increased buying pressure is occurring on lower participation. The 8-day volume delta of +$398,344 shows that net buying has accumulated over the week, despite the price dropping 4.7% over eight days. While buying intensity is above average, the lower volume suggests this is not a high-conviction move relative to typical weekly activity.