Who are the Founders of Hedera Hashgraph ?
Dr. Leemon Baird and Mance Harmon are the founders of Hedera Hashgraph. Dr. Baird is a computer science professor and has a background in cryptography and blockchain technology. Mance Harmon is a seasoned entrepreneur and technology executive. Together, they founded Hedera Hashgraph in 2016 with the goal of creating a fast, secure, and fair decentralized public network.
Who are the Supporters of the project ?
The project has received support from a number of well-known companies and organizations, including Magalu, Tata Communications, and Nomura Holdings, as well as investment from venture capital firms such as Digital Currency Group and Multicoin Capital. This support and investment have helped the project establish itself as a promising player in the decentralized ledger technology space.
What is the Purpose of Hedera Hashgraph?
The purpose of Hedera Hashgraph is to provide a fast, secure, and fair platform for decentralized applications. The platform aims to offer developers the ability to build decentralized applications that can be trusted to run without the need for a central authority.
What are Hedera Hashgraph Tokens?
Hedera Hashgraph has its own cryptocurrency, known as HBAR, which serves as a means of payment and incentivizes network participants to provide security and other services to the network. HBAR is also used to pay for transaction fees and access to network services. The use of HBAR helps to ensure the security and stability of the network by providing a financial incentive for network participants.
What is the Vision of the project?
The vision of the Hedera project is to create a decentralized public network that can be used by individuals, organizations, and governments around the world to build applications and services that are fast, secure, and fair. The team behind Hedera Hashgraph believes that the platform has the potential to transform the way that people and organizations interact with each other, by providing a more open, transparent, and secure platform for information exchange and commerce.
How Does Hedera Hashgraph Work?
Hedera Hashgraph works by using the hashgraph consensus algorithm to reach consensus on the state of the network in a fast, secure, and fair manner. The algorithm uses a combination of the gossip about gossip protocol and virtual voting to achieve consensus without relying on a central authority. This approach allows for a more efficient and secure consensus mechanism compared to traditional blockchain technology, making it a promising solution for decentralized applications.
Learn more on the official website.
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