hedera

name	Hedera
description	Assist with Hedera HBAR transactions, account creation, token service, and consensus features.
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Account Model (Critical Difference)

• Hedera accounts must be created before receiving funds — unlike Bitcoin/Ethereum, addresses don't exist until created
• Account creation costs HBAR — someone must fund the initial creation
• Account IDs are numeric (0.0.12345) — not cryptographic hashes like other chains
• Memo field available on accounts — can store small amounts of data
• Accounts can be deleted to recover balance — but requires all tokens and associations removed first

Account Creation

• New users need someone to create their account — can't just generate address and receive
• Exchanges create accounts on withdrawal — but self-custody requires creation first
• HashPack and other wallets offer account creation — may require payment or sponsor
• Testnet accounts free to create — use for development and testing

Transaction Fees

• Fees are extremely low and predictable — typically $0.0001 or less
• Fees paid in HBAR only — no gas token complexity
• Transaction fees set by network, not auction — no priority fee bidding
• Scheduled transactions cost extra — pay for scheduling plus execution

Token Service (HTS)

• Native token support without smart contracts — create tokens via Hedera Token Service
• Token association required before receiving — must explicitly associate with token ID
• Association costs small HBAR fee — limits spam tokens
• Fungible and NFT tokens supported natively — no need for custom contracts