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Hedera Hashgraph presents itself as an innovative alternative to blockchain, exploiting a structure called Directed Acyclic Graph (DAG). This underlying technology enables Hedera to offer fast, low-cost transactions, positioning it as a more powerful solution for real-world applications.
Hedera’s unique features
The Hashgraph Consensus
Unlike traditional blockchains that rely on protocols such as Proof of Work (PoW) or Proof of Stake (PoS), Hedera uses Hashgraph consensus. This mechanism ensures exceptional speed and energy efficiency, capable of handling more than 10,000 transactions per second (TPS), highlighting its ability to rival mass-market payment systems such as Visa.
Decentralised governance
Hedera’s governance architecture is unique, with a rotating board made up of large organisations from a variety of sectors, ensuring decentralised and equitable governance. This structure aims to eliminate the risks of centralisation and ensure transparent and democratic decision-making within the ecosystem.
Security and reliability
Thanks to Asynchronous Byzantine Fault Tolerance (aBFT), Hedera promises unrivalled security, capable of resisting DDOS attacks and guaranteeing the reliability of transactions. This underlines Hedera’s commitment to providing a secure platform for developers and users.
Applications and Uses
Hedera is not limited to financial transactions. It supports smart contracts, decentralised applications (dApps), and offers services such as the Hedera Consensus Service (HCS), extending its scope to areas such as the Internet of Things (IoT) and serverless authentication.
In summary, Hedera Hashgraph stands out for its innovative approach to distributed registry technology, offering speed, security and balanced governance. Its ability to support a wide range of applications makes it a potential cornerstone for the future digital economy.
The genesis of Hedera Hashgraph can be traced back to the development of its unique consensus algorithm by Leemon Baird. A former computer science professor and visionary entrepreneur, Baird invented the hashgraph consensus algorithm while searching for a faster and more secure alternative to traditional blockchains. In 2015, Baird co-founded Swirlds, a company that holds the patents for the hashgraph innovation, laying the foundations for what would later become Hedera Hashgraph.
The visionary founders
Leemon Baird and Mance Harmon, an expert in cryptographic technologies and computer security, teamed up to turn Baird’s idea into a tangible reality. Harmon, who served as an officer in the US Air Force and is an expert in security technology, brought his management and security expertise to lead the company. Together, they officially launched Hedera Hashgraph in 2017, with the vision of developing a decentralised network that surpasses the capabilities of existing blockchains in terms of speed, cost and security.
Growth supported by strategic partnerships
Since its inception, Hedera has attracted the attention and support of major global companies, including Google, IBM, LG, and many others, who have joined its board of directors. These strategic partnerships have not only validated the hashgraph technology but have also helped propel Hedera towards wider adoption and continued development.
Hedera Hashgraph’s creative journey is a testament to the innovation and vision of its founders. By focusing on solving the scalability, security and efficiency issues that plague traditional blockchains, Baird and Harmon have paved the way for a new era of distributed ledger technologies. With the support of renowned partners and a growing community, Hedera is positioning itself as a key player in the ecosystem of cryptocurrencies and decentralised applications.
The Hedera Hashgraph crypto is distinguished by its unique operation based on advanced technology. Let’s delve into the details of its operating mechanism.
The underlying technology: Hashgraph
Hedera Hashgraph uses the Directed Acyclic Graph (DAG), a data structure that differs radically from the traditional blockchain. Instead of building a blockchain, Hedera organises transactions in a cycle-free directed graph, enabling parallel processing and significantly increasing the number of transactions per second (TPS).
The Consensus Protocol: Gossip about Gossip
The Gossip about Gossip protocol is at the heart of Hedera’s efficiency. Each node in the network actively shares transaction information with its neighbours, who in turn propagate the information, ensuring fast and reliable dissemination of data across the network. This method achieves very low latency and high energy savings compared with the energy-intensive mining process of blockchains based on Proof of Work (PoW).
Security and reliability: ABFT
Hedera boasts its Asynchronous Byzantine Fault Tolerance (aBFT) consensus algorithm, which guarantees security against attacks and resistance to failure, even in the presence of malicious nodes. This gives Hedera exceptional network reliability and security, essential for applications requiring high data integrity, such as financial systems or medical records.
Key Benefits
Fast: With more than 10,000 transactions per second, Hedera outperforms many cryptocurrencies.
Environmentally-friendly: The absence of mining makes Hedera energy-efficient, earning it the nickname of Green Crypto.
Reliable: Thanks to aBFT, Hedera offers Byzantine fault tolerance in an asynchronous model.
Hedera Hashgraph stands out for its innovative governance model, which is based on a decentralised Board of Directors composed of 39 renowned global organisations, such as Google, IBM, and Boeing. This board ensures decentralised and stable governance, with each member sharing ownership of Hedera LLC and contributing to collective and equitable decision-making.
How does governance work at Hedera?
Decentralised Board of Directors: Ensures transparent and balanced governance.
Rotation: Board members are subject to a rotation system, ensuring dynamic and diverse representation.
Community decision-making: Proposals for improvement are put to the vote, reflecting a commitment to participatory democracy.
A unique model
Decentralisation: Despite criticism of its apparent centralisation, Hedera strives to achieve complete decentralisation, in particular by opening up access to nodes to a greater number of entities.
Security and stability: The governance model minimises the risk of conflicts and ensures that the network is managed consistently and securely.
Why is this governance model important?
Hedera’s governance model offers several key benefits:
Reliability: The involvement of reputable global organisations reinforces the credibility and reliability of the network.
Continuous innovation: The governance structure encourages innovation and rapid adaptation to technological developments.
Increased security: Collective governance contributes to enhanced security, reducing the risk of manipulation or malicious attacks.
Hedera Hashgraph’s governance model is a fundamental pillar of its value proposition, providing a stable and secure framework for developing decentralised applications (dApps) and conducting digital transactions. With its unique approach and strategic partnerships, Hedera is positioned as a major player in the cryptocurrency ecosystem, ready to take on the challenges of tomorrow.
Hedera Hashgraph stands out for its ability to offer a wide range of applications thanks to its unique, high-performance technology. Here is a detailed overview of its main use cases and areas of application.
Smart contracts and decentralised finance (DeFi)
Thanks to its support for smart contracts, Hedera Hashgraph provides a robust platform for the development of applications in the decentralised finance sector. Smart contracts on Hedera, powered by high transaction capacity and low latency, enable the creation of innovative financial dApps that can handle complex and secure transactions at a fraction of the cost of traditional blockchains.
Benefits: enhanced security, reduced transaction costs, fast execution.
The Internet of Things (IoT)
The Internet of Things (IoT) benefits greatly from Hedera Hashgraph’s infrastructure. The ability to process transactions quickly and at low cost makes Hedera an ideal solution for IoT networks, where countless devices communicate and carry out micro-transactions.
Examples of applications: supply chain tracking, energy management, intelligent home security systems.
The healthcare sector
In the healthcare sector, Hedera can revolutionise the management of medical records by offering a secure, interoperable platform for storing and sharing patient data. This guarantees data confidentiality and integrity, while providing healthcare professionals with rapid access to the information they need.
Benefits: improved access to data, enhanced protection of privacy, optimised patient care.
Media and entertainment
In the media and entertainment industry, Hedera Hashgraph offers an effective solution for managing copyright and monetising content. The technology can be used to create transparent and unalterable systems for tracking and paying royalties.
Potential applications: music and video streaming, online games, digital content distribution.
Governance and digital identity
Hedera makes it possible to build robust digital governance and identity solutions, facilitating identity verification and access management in a secure and transparent way. This paves the way for secure online elections, identity management and digital certificates.
Implications: secure electronic voting, digital identity management, electronic certification and notarisation.
Hedera Hashgraph, with its unique architecture and efficient consensus mechanism, is applicable to a multitude of domains, promising to revolutionise the way we think about digital transactions and data management. Its potential to support applications ranging from decentralised finance to the Internet of Things and beyond makes it a key technology for the digital future.
The central role of HBAR in the Hedera ecosystem
The HBAR token plays a crucial role in the Hedera Hashgraph ecosystem, acting both as a cryptocurrency and as an economic engine for the network. This duality gives Hedera a unique position in the world of Distributed Ledger Technology (DLT).
The multifaceted uses of HBAR
Payments and transaction fees: The HBAR is used to pay all fees associated with the use of the platform, including transactions, file storage, and smart contract execution. These fees are designed to be minimal, encouraging wider use of the network.
Network security: As a Proof of Stake (PoS) based cryptocurrency, HBAR helps to secure the network. Token holders can ‘stake’ their HBARs to support the integrity of the network, receiving rewards in return for their contribution to the security of the system.
Development of decentralised applications (dApps): Developers using Hedera to create dApps require HBARs to manage transactions and interact with the network, making HBARs a mainstay for the application ecosystem on Hedera.
Distribution and governance
Distribution: The total supply of HBARs is capped at 50 billion tokens, with a progressive distribution strategy designed to support the long-term development of the Hedera ecosystem.
Governance: Hedera’s governance model, including renowned global organisations, plays a key role in the management of the network’s resources, including HBARs. This structure aims to ensure balanced and equitable management of the platform’s resources and future direction.
Future prospects
With its high transaction capacity and low cost, the HBAR is positioned as a key player for payment and applications in a digital and decentralised future. The evolution of its price and adoption will continue to be influenced by Hedera’s technological innovation and its ability to attract new users and developers to its ecosystem.
Hedera Hashgraph stands out in the cryptocurrency ecosystem for its transactional capability and unique consensus model. Using the Gossip about Gossip protocol and asynchronous byzantine fault tolerance (aBFT), Hedera promises unprecedented efficiency in transaction processing.
Key performance features
Speed and efficiency
Transactions per second (TPS): With a capacity of over 10,000 TPS for simple cryptocurrency transactions and 10 TPS for complex transactions (such as smart contracts), Hedera outperforms many other platforms.
Latency: The average time to finalise a transaction on Hedera is around 5 seconds, providing a smooth and fast user experience.
Energy savings
No mining: Unlike traditional blockchains that require mining, an energy-intensive activity, Hedera’s operation is based on a Directed Acyclic Graph (DAG), eliminating the need for intensive computing power.
Security and fairness
Security: aBFT technology provides superior security against attacks, making the network resilient even in the presence of malicious nodes.
Fairness of transactions: Thanks to its algorithm, each transaction is processed with temporal fairness, guaranteeing that the order of transactions is fair and not manipulated.
Comparison with traditional blockchains
Hedera Hashgraph feature Traditional blockchains
Transactions per second (TPS) More than 10,000 Often less than 100
Consensus Gossip about Gossip, aBFT Proof of Work (PoW), Proof of Stake (PoS)
Energy savings Low, without mining High, due to mining
Transaction finality Approx. 5 seconds Can take several minutes
Hedera Hashgraph is recognised for its technological innovation, which offers superior performance in terms of speed, security and energy efficiency. These characteristics position Hedera as a major player in the evolution towards a new generation of distributed ledger platforms, capable of meeting the requirements of large-scale, high-throughput applications.
Purchasing HBAR tokens, the native cryptocurrency of the Hedera Hashgraph network, is a key step for those wishing to participate in this unique decentralised ecosystem. In this section, we’ll explore the recommended methods and platforms for acquiring HBAR, focusing on security, ease of use and efficiency.
Buying via exchange platforms
Cryptocurrency exchange platforms offer the most direct and convenient way to buy HBAR tokens. Here are some of the most popular platforms:
Binance: Known for its wide selection of cryptocurrencies, Binance allows you to buy HBAR using a variety of payment methods, including bank cards and wire transfers.
Coinbase: Renowned for its ease of use, Coinbase is ideal for beginners looking to buy HBAR.
Huobi: Offering a robust platform, Huobi is another option for those looking to diversify their cryptocurrency portfolio with HBAR.
Payment methods
Accepted payment methods vary depending on the platform, but generally include:
Bank cards (Visa, MasterCard)
Bank transfers
Cryptocurrencies (BTC, ETH, etc.)
Tips for a secure purchase
Check authenticity: Make sure you are using the official site of the exchange platform.
Use two-step verification (2FA): Add an extra layer of security to your transactions.
Don’t keep your cryptocurrencies on an exchange: Transfer them to a secure wallet.
The role of the HBAR token
As well as being a means of payment for Hedera network services, such as sending transactions and executing smart contracts, HBAR also serves as a protection mechanism against malicious attacks. Its Proof of Stake model helps secure the network, making HBAR a strategic investment for those who believe in the future of Hedera Hashgraph.
Hedera Hashgraph, with its unique Directed Acyclic Graph (DAG)-based architecture and Hashgraph consensus, presents a revolutionary vision for the future of decentralised networks. Unlike traditional blockchain systems, Hedera aims for unrivalled efficiency, scale and speed, delivering over 10,000 transactions per second (TPS) with minimal latency and low energy consumption.
Growth and expansion potential
Hedera’s growth potential is rooted in several key factors:
Security and reliability: Using Asynchronous Byzantine Fault Tolerance (aBFT), Hedera provides robust security against attacks, boosting user and developer confidence.
Enterprise adoption: With board members from large enterprises such as Google, IBM, and LG, Hedera has strong institutional support, making it attractive for new collaborations and integrations.
Development of decentralised applications (dApps): Support for smart contracts and the ability to host dApps opens up avenues for mass adoption in a variety of sectors, including finance, healthcare and entertainment.
Community engagement and partnerships: Hedera’s vision for an open and decentralised ecosystem encourages an active community of developers and users. The progressive addition of entities and nodes to the network increases its decentralisation and accessibility.
Challenges and opportunities
While the road to widespread adoption is paved with challenges, including competition in the cryptocurrency landscape and the need for greater awareness and understanding of its unique technology, Hedera has a solid roadmap for overcoming these obstacles. With its unique consensus mechanism, transparent governance and growing ecosystem, Hedera Hashgraph is well positioned to play a major role in the future of decentralised networks and digital finance.
Hedera Hashgraph’s long-term vision is therefore that of a universal and efficient network, capable of supporting a new generation of internet applications and transforming the way data and value circulate in the digital world. With a continued focus on innovation and collaboration, Hedera has the potential to become a pillar in the infrastructure of decentralised technologies.
Hedera Hashgraph stands out not only for its cutting-edge technology, but also for its strategic collaborations and influential partnerships. These alliances strengthen Hedera Hashgraph’s market position and promote the integration of its technology in various sectors.
Hedera’s major partnerships
Hedera Hashgraph’s collaborations cover a wide range of sectors, from technology to finance, and illustrate the universal applicability of its platform. Here are some of its most notable collaborations:
Google: A major Internet player that manages a node of the Hedera network and actively participates in its governance (https://academy.swissborg.com).
IBM: A leading technology and innovation company, contributing to the evolution of blockchain and distributed consensus (Kriptomat).
Boeing: An aerospace company exploring the uses of Hedera technology in aviation and beyond (Kriptomat).
DLA Piper: An international law firm working on compliance and governance solutions powered by Hedera technology (Kriptomat).
Impact on the ecosystem
These partnerships are not just prestigious names associated with Hedera; they play a crucial role in the development and adoption of its technology. For example:
Development and integration: The technical support and expertise of these partners facilitates the integration of Hedera technology into existing and new solutions.
Adoption and use: The involvement of major companies such as Google and IBM encourages the adoption of the Hedera platform by other players in the market.
Innovation and research: Collaborations with academic and research institutions are pushing the boundaries of innovation around distributed consensus and the application of blockchain technology.
Summary table of Hedera’s partnerships
Partner Sector Objective
Google Technology Network governance, node management
IBM Technology Blockchain innovation, board of directors
Boeing Aerospace Research and development
DLA Piper Legal Compliance and governance solutions
These strategic partnerships are critical to the Hedera network, as they legitimise its technology, broaden its application and strengthen its ecosystem. By partnering with industry leaders, Hedera demonstrates not only the versatility and reliability of its platform, but also its ability to meet the complex needs of different sectors.
What is Hedera Hashgraph?
Hedera Hashgraph is a distributed ledger platform that uses a technology called Hashgraph to offer a faster, more secure and energy-efficient alternative to traditional blockchain systems.
How is Hedera different from blockchain?
Unlike blockchain, which is built on a chain of blocks, Hedera uses a structure known as a directed acyclic graph (DAG), enabling parallel processing of transactions and a capacity to reach more than 10,000 transactions per second.
What is the role of the HBAR token?
The HBAR serves as the native cryptocurrency for the Hedera network, used to pay transaction fees, services and to secure the network through its Proof-of-Stake (PoS) consensus mechanism.
How does consensus work in Hedera?
Hedera uses a unique consensus mechanism, called gossip about gossip, coupled with byzantine asynchronous proof-of-take (aBFT), to achieve fast and secure consensus on the order and validity of transactions without requiring significant energy consumption.
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