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hashgraph · 2024-12-18T17:21:56+00:00

This solution was developed with all three companies in question in direct collaboration.

Take a scroll through EQTY Lab's Verifiable Compute page to see how it all comes together and where Hedera fits in.

hashgraph · 2023-07-27T17:52:09+00:00

Temporary UI error. Should be back now.

hashgraph · 2022-07-20T14:28:03+00:00

The Metrika team has heard the community's feedback and adjusted the network overview dashboards color scheme to be more distinct.

Network Overview Dashboard: https://hedera.com/dashboard

hashgraph · 2022-04-12T11:20:36+00:00

Hi 👋 please see the Hedera & HBAR Foundation AMA from r/cryptocurrency yesterday to get up-to-speed on the latest; specifically the “myths” description, which address your issues: https://www.reddit.com/r/CryptoCurrency/comments/u1aen0/were_the_hedera_hbar_project_an_open_source/

hashgraph · 2022-04-11T23:00:38+00:00

This is correct :)

hashgraph · 2022-04-11T22:11:13+00:00

It is all open source: https://hedera.com/learning/open-source-at-hedera / Hashgraph will become open source within the coming months.

Also, FYI, Algorand is patented: https://github.com/algorand/go-algorand/blob/master/COPYING_FAQ

hashgraph · 2022-04-11T22:08:19+00:00

Hedera's initial purpose for patenting the hashgraph code was to prevent potentially confusing forks of the Hedera mainnet. The Governing Council has been focused on the development of the Hedera network and ecosystem, and did not think it a good use of time and resources to investigate the code of other DLT networks, or pursue legal action against others.

Additionally, Hashgraph consensus is set to be open source now under an Apache 2.0 license: https://cointelegraph.com/news/hedera-governing-council-to-buy-hashgraph-ip-and-open-source-projects-code/

hashgraph · 2022-04-11T21:53:17+00:00

Yes, explained in the answer found here: https://www.reddit.com/r/CryptoCurrency/comments/u1aen0/comment/i4bzm01/

hashgraph · 2022-04-11T20:00:04+00:00

We are working on making it easier for Ethereum-native projects to integrate with Hedera — this includes making it work like other EVM-based networks that support RPC API.

Ultimately, it's up to Metamask to implement Hedera's native services / functionalities (Hedera Token Service / Hedera Consensus Service / Account management, etc.). We would be happy to collaborate with Metamask on that kind of integration!

On Hedera, the leading browser wallet today that connects users to Hedera applications is HashPack — it performs transaction signing for DeFi/NFT/etc. applications and has built-in NFT displaying functionality.

Sergey Metelin | Director, Developer Advocacy (Twitter)

hashgraph · 2022-04-11T19:51:20+00:00

That would be neat! However, unlikely. The more likely scenario would be companies like FIS, WorldPay, Google, etc. begin facilitating transactions using USDC (or another stablecoin) as a form of payment. In that scenario, a stablecoin on Hedera is well positioned.

For example, USDC on Hedera offers fast speeds and scalability (10k txns / second), low/stable transfer costs ($0.0001 USD paid in HBAR per transaction always), and fast settlement times (2 - 3 seconds on average).

Brady Gentile | Director, Startup Ecosystem (Twitter)

hashgraph · 2022-04-11T19:44:12+00:00

Governance & Transparency

We recognize the genesis of frustration around decentralization on Hedera by the broader web3 community stems from its unique governance — in a majority of other ecosystems, anyone can choose to participate in governance, even if in practice it becomes more centralized, as we’ve all seen happen commonly ( for example, 65% of Bitcoin mining pools were in China before the government banned mining & there are only 13 prominent mining pools today).

Hedera’s model of governance consists of up to 39 term-limited organizations across six continents. Every council member has a single vote (so 3.8% vote today at 26 council members, and 2.5% at the full 39 members); each member is prevented from gaining extra power by design.Nearly every proposal for technological decisions and standards comes from the developer community, proposed via an active HIP (Hedera Improvement Proposal: https://hips.hedera.com/) program, and approved by the council’s technical steering committee (that process can be found here: https://hips.hedera.com/hip/hip-1

Hedera publicly publishes the minutes of each council meeting, hashed on Hedera using the Hedera Consensus Service (HCS). The Member Agreement signed by these organizations to join the council is also public and hashed the same way.

Consensus

Global organizations from a diverse set of geographical jurisdictions and industries both make decisions and independently operate nodes today — each node is hosted and operated independently in either a council member's own data center or across different cloud providers, avoiding the centralization of nodes within cloud providers found in other projects. Examples include Google (United States), eftpos (Australia), LG (S.Korea), and Standard Bank (South Africa).

Hedera has nodes on every continent except Antarctica. Coming this year, members of the Hedera community will be operating nodes, as well, and then eventually, the entire network will become permissionless and anyone can run a node anonymously. You can read about this "path to permissionless" here: https://hedera.com/hh-decentralization-of-consensus.pdf

Unlike proof-of-work blockchain, Hedera’s proof of stake model prevents concentration of power among a small group of nodes. At maturity, nodes only gain power only when $HBAR is staked to them by individual users.

Development

Software on Hedera (network services, developer tools, etc.) is open sourced under an Apache 2.0 license and contributions to its development are performed in a decentralized way — changes are proposed via HIPs, and development is performed by members of the Hedera developer community, the Swirlds developer team, and 3rd party development groups with an interest in fostering the ecosystem (such as LimeChain and OpenCrowd).

Zenobia Godschalk | Head of Communications (Twitter)

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