HbarSuite is a suite of DeFi services built on top of the Hedera network. The team has developed a technology that offers an alternative to smart contracts: the Smart-Nodes.
Smart-Nodes are highly customizable programs, deployed inside virtual images which can be hosted and decentralized through cloud computing environments (ex. Google Cloud, Amazon Web Services). Their purpose is to create a decentralized network of services that could leverage the Hedera Layer-1 functionalities, which are much more efficient and cost-effective compared to Ethereum-based environments.
HSUITE is the layer-1 utility token used as gas for the Smart-Nodes and as governance token for DAO activities.
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