Hedera Hashgraph

by Hedera Hashgraph, LLC
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A network for creating DApps.

Hedera Hashgraph description

Hedera Hashgraph is a system for creating decentralized applications. Hashgraph provides instant and low cost transactions, it is good to use for micropayments. Information material from communit​y cryptodefix. The project was created by Dr. Leemon Baird and Mance Harmon in 2019.

The Hedera Hashgraph project is not built on a conventional blockchain, but uses registry distribution technology. It allows for greater speed, cost and scalability. The average fee on the Hedera network is $0.0001 and the average transaction speed is 5 seconds. The Hedera Hashgraph network is capable of processing 10,000 transactions per second (TPS), while popular PoW networks have a processing rate of no more than 20 TPS.

Hedera uses the Hashgraph consensus system to ensure the security of its network. It also uses an ever-changing management board of 39 highly-differentiated organizations from 11 different industries. Hedera also uses the Proof of Stake algorithm to stack HBAR to protect the network. Project nodes are now managed by developers and organizations; in the future, Hedera will become a public system.

Main specifics of Hedera

  • Configuring token issuance and NFT
  • Smart contracts to automatically trigger logic and create decentralized applications
  • Service for network file storage
  • Achieving fast, fair and secure consensus in applications

Hedera Hashgraph features

Cryptocurrencies

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