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Hedera Hashgraph is a public distributed ledger governed by a council of global innovators. It operates using a unique consensus algorithm called Hashgraph, unlike traditional blockchains. This allows Hedera to facilitate over 10,000 transactions per second with near-instant finality. This means transactions can be confirmed in seconds with minimal risk of reversal, offering an energy-efficient alternative to compute-heavy blockchains. The Hedera network's high-throughput capabilities make it suitable for high-performance applications in the decentralized web3 space.
Developers utilizing the Hedera network can create secure and fair applications with quick consensus. The Hedera Consensus Service (HCS) provides a trust layer that ensures the creation of an immutable, verifiable log of messages, which is beneficial for asset tracking and auditing. Additionally, Hedera's unique consensus as a service and token service offer developers the opportunity to efficiently deploy smart contracts and create native tokens, enabling the development of scalable, enterprise-grade decentralized applications (dApps).
HBAR is the native cryptocurrency of the Hedera ecosystem. It serves multiple purposes, including powering decentralized applications (dApps) and offering compensation to nodes for providing computing resources. HBAR is also used to protect the network from malicious actors through staking. This digital asset is indispensable for supporting transactions across the network, enabling the smooth operation of dApps, and maintaining network security.
Hedera Hashgraph employs a novel consensus algorithm that significantly enhances transaction speed and scalability. This Hashgraph algorithm allows Hedera to exceed 10,000 transactions per second with near-instant consensus. It eliminates the need for compute-heavy consensus methods like proof-of-work, which are typical in traditional blockchains, enabling low-latency and energy-efficient operations. This scalability enables developers to deploy resource-intensive applications without compromising performance or security.
Hedera Hashgraph is governed by a decentralized council of global enterprises, including industry leaders like Google, IBM, and Deutsche Telekom. This governance structure provides a robust framework for both security and scalability, ensuring diverse and balanced oversight of the network. The council's involvement helps in maintaining transparent and strategic decisions for the network's long-term interests, making Hedera's governance model a unique and compelling proposition for developers and enterprises exploring decentralized solutions.
Hedera's technologies can be applied across various industries to enhance transparency, speed, and efficiency. For instance, its consensus service can create immutable, auditable logs that are crucial for supply chain asset tracking. Additionally, the highly scalable nature of its infrastructure is ideal for deploying enterprise solutions, integrating payments, and creating marketplaces. These applications can fundamentally transform digital transactions and elevate trust in industries such as finance, logistics, and telecommunications.
Hedera Hashgraph is a public ledger using Hashgraph for fast, secure transactions and smart contracts. It supports 10,000+ TPS, near-instant finality, and energy-efficient tokens. HBAR fuels the platform, enabling scalable dApps.
Hedera Hashgraph is a pioneering public distributed ledger with a focus on creating fast, secure, and fair applications using its unique Hashgraph consensus algorithm. This technology supports over 10,000 transactions per second with near-instant finality, distinguishing Hedera from traditional blockchains. It features robust smart contract and file storage capabilities, optimized for enterprise-scale applications. The native cryptocurrency, HBAR, powers the network, supporting dApps, staking, and compensating node operators. Launched in 2017 with a 50 billion HBAR supply cap, it allows real-time, trustworthy digital interactions. The network benefits from the governance of a global council, including tech giants like Google and IBM. Hedera’s Consensus and Token Services enable the creation of energy-efficient tokens and verifiable logs, benefiting varied sectors like supply chains. HBAR is actively traded, facilitating decentralized applications without relying on centralized intermediaries. This positions Hedera as a significant player in the web3 ecosystem.
Hedera Hashgraph is a pioneering public distributed ledger with a focus on creating fast, secure, and fair applications using its unique Hashgraph consensus algorithm. This technology supports over 10,000 transactions per second with near-instant finality, distinguishing Hedera from traditional blockchains. It features robust smart contract and file storage capabilities, optimized for enterprise-scale applications. The native cryptocurrency, HBAR, powers the network, supporting dApps, staking, and compensating node operators. Launched in 2017 with a 50 billion HBAR supply cap, it allows real-time, trustworthy digital interactions. The network benefits from the governance of a global council, including tech giants like Google and IBM. Hedera’s Consensus and Token Services enable the creation of energy-efficient tokens and verifiable logs, benefiting varied sectors like supply chains. HBAR is actively traded, facilitating decentralized applications without relying on centralized intermediaries. This positions Hedera as a significant player in the web3 ecosystem.
