Hedera is a public distributed ledger technology that makes use of the fast, fair, and secure hash graph consensus mechanism to run dApps.
Company Details
- Founders: Dr. Leemon Baird, Mance Harmon
- Founded: 2018
- Headquarters: Richardson, Texas, United States
Key Features:
- HBAR is its native token that is used for smart contract execution, transaction fees and to secure the network.
- Hedera is regarded as a sustainable, enterprise-level public protocol that allows individuals and organizations to create powerful dApps.
- Hedera is known for its higher transaction speeds, and statistics say that around 10,000 transactions per second are possible.
- The network is secured by Proof-of-Stake (PoS), which is backed by a Hashgraph consensus mechanism.