🧵Cracking the Code: Hedera Hashgraph

Let's delve into Hedera Hashgraph, a public distributed ledger (DLT) platform gaining traction in the tech sphere.

This thread will objectively explore its features, potential applications, and the technology behind it🔥

1/What is Hedera Hashgraph?

Launched in 2018, Hedera Hashgraph is a public DLT designed to support existing and emerging web-scale applications.

It leverages DLT technology to build trust directly into applications, enabling collaboration between untrusted parties.


2/ Headquartered in Richardson, Texas, USA, Hedera Hashgraph has raised a total of $125 million funded from 7 rounds.

The company is backed by 19 investors, including Boeing HorizonX Ventures, Tata Communications, BlacTower Capital, Vestinwolf Alternatives, and many other investors.


3/ What problem does Hedera Hashgraph solve?

Hedera aims to address the limitations of applying public DLT in mainstream trends👇

#1. Hedera is the only public ledger solution available in the industry using the hashgraph consensus, which is a faster and more secure alternative to traditional blockchain consensus mechanisms.


#2. Hashgraph is faster than Bitcoin or Ethereum blockchains because it achieves high throughput with over 10,000 cryptocurrency transactions per second and low latency.

It benefits from the innovative gossip protocol and virtual voting.

#3. Their network is governed by a council of up to 39 leading global enterprises, providing essential business experience and technical expertise lacking in previous public ledger platforms.


#4. Hedera's technical solution includes controlled state network changes and the ability to request or attach additional data to transactions, such as identity verifications.


Disclaimer: This thread is for informational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions

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