Hedera went live in 2018 and deploys hashgraph technology, in place of blockchain.
Hedera Features include:
- Network speeds 10x faster than many traditional blockchains
- Low and predictable fees
- Carbon negative footprint
- Native Token, HBAR
Hedera is:
- Open Source
- Built by The Community
- Supported by The Hedera Foundation (non-profit) through grants and a team of industry experts
- Governed by The Governing Council comprised of global enterprises and organizations including Google, LG, Avery Dennison, IBM, Ubisoft, DLA Piper and University College London
Network Governance:
- 27 Governing Council members with a maximum of 39 in the future.
- Governing Council members deploy and maintain network nodes which control the software that powers the network.
- HBAR token holders may stake their tokens with a governing entity of their choice, transferring influence over the network to the entity of choice. In return, token holders are rewarded in HBARs at a rate of no more than 6%.
Current Hedera use cases include:
- Identity Solutions
- Healthcare Record Management
- Real Estate Management
- Central Bank Digital Currencies (CBDCs)
- Automation
- Surveillance
- Supply Chain Solutions
- Metaverse Applications
In addition to staking, the HBAR token is used to pay for network fees and services.
Hedera supports NFTs and offers a unique and innovative approach to Smart Contracts
Visit the Hedera Website to view all governing body members and learn more about the network.
Visit the HSuite Website to learn how Smart Contracts are empowering developers to build next level DeFi applications.
Disclaimer: BLK MOON’s insights, strategies and priorities may not be best for any individual or enterprise. BLK MOON takes an exploratory, evolutionary and artistic approach to investment and finance management. All content created and distributed by BLK MOON should be viewed as entertainment, information and experimentation and should never be taken as financial advice. BLK MOON is not and does not employ financial advisors.
