- Category: Protocol
- Coin Launched: September, 2019
- Resources: White Paper
- Official Website: Hedera
- Reddit: Hedera
Hedera is a decentralized public network where developers can build secure, fair applications with near real-time consensus.
The platform is owned and governed by a council of global innovators including Avery Dennison, Boeing, Deutsche Telekom, DLA Piper, FIS (WorldPay), Google, IBM, LG Electronics, Magalu, Nomura, Swirlds, Tata Communications, University College London (UCL), Wipro, and Zain Group.
HEDERA History / Information / Buying / Staking
Hedera Hashgraph was created by Leemon Baird, a computer scientist, and Mance Harmon, a technology executive. Together, Baird and Harmon formed a company called Swirlds in 2015. Swirlds, in turn, spun out an entity called Hedera, which was renamed Hedera Hashgraph, to develop and govern a live network, Hedera, using its technology. Since 2018, Hedera Hashgraph has raised $124 million from sales of its HBAR cryptocurrency through a simple agreement for future tokens offering
HOW HEDERA WORKS
Hedera is a proof-of-stake public distributed ledger which aims to use a combination of a “path to permissionless” (network nodes) and a “path to widespread coin distribution” (HBAR cryptocurrency) to keep the network secure, while working to achieve full decentralization.
BENEFITS OF USING HEDERA
Some of the benefits of using Hedera are:
LOW TRANSACTION FEES
CAN YOU STAKE HEDERA
Hashgraph proxy staking is a new concept in the cryptocurrency environment that allows hbar coin holders to assign their tokens to a fully functioning node, attributing its voting power accordingly and earning fees in the process. The hbar proxy staking is a critical part of the Hashgraph consensus mechanism that not only confirms the shared state of all accounts, but also compels nodes and proxy stakers to act honestly in an incentivized decentralized network.
COINS SIMILAR TO HEDERA
Direct competition to Hedera which are considered similar coins are:
Ethereum, Blockchain, BitGuild and Chelpis.