Hedera is a decentralized public network built on the hashgraph consensus algorithm, designed for high throughput, low latency, and secure transactions. It hosts the native cryptocurrency HBAR used for network fees and services.
Description: Hedera Hashgraph is a third-generation public distributed ledger technology (DLT) that employs the hashgraph consensus algorithm, a novel asynchronous Byzantine Fault Tolerance (aBFT) mechanism. Unlike traditional blockchain, hashgraph achieves high transaction throughput (over 10,000 transactions per second) and low finality times (3-5 seconds) without relying on energy-intensive mining. The network is governed by a council of leading global enterprises and organizations, ensuring stability and decentralization. Hedera offers native services including cryptocurrency (HBAR), smart contracts (compatible with Ethereum), file storage, and consensus services. HBAR serves as the fuel for network operations, paying for transaction fees and securing the network through staking. Hedera's use cases span decentralized finance (DeFi), supply chain, tokenization, and enterprise applications. Launched in 2019, it is developed by Swirlds, founded by Dr. Leemon Baird, co-inventor of the hashgraph algorithm.
Established / Launched: 2019
Founder / Issuer: Swirlds (Dr. Leemon Baird and Mance Harmon)
