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Today, we are pleased to welcome our two newest members, IBM and Tata Communications, to the the Hedera Governing Council. Get to know the two latest members and their role as Council members.
The public Hedera network is dedicated to that which the underlying hashgraph algorithm is optimized for – securely and fairly ordering transactions. Without the burden of execution and storage, the nodes of the Hedera mainnet can perform that step with high throughput and low latency.
The fundamental value proposition of a distributed ledger is that participants need not have special trust in any single node maintaining the state. Hedera’s state proofs ensure that clients querying the state can be given the necessary confidence that any data, even if returned by a single node, does indeed accurately represent the consensus state as maintained by the full network.
A technical deep-dive into how the hashgraph consensus algorithm allows for practical cryptocurrency micropayments and the considerations made when designing our open source example applications for the community testing program, to scale to up to 100,000 unique community testers.
We've extended the deadline to apply for the developer mainnet program to July 30th. Connect your app to Hedera and earn up to 100,000 hbars.
Proxy staking in Hedera hashgraph will allow the stake of millions of account holders to be used towards consensus even if not directly participating as a node. Nodes will receive significant compensation for staking, to incentivize them to do all the effort of being a node. Proxy stakers will also receive very small amounts in order to incentivize them to do the small amount of effort of choosing reliable nodes to which they can proxy stake.
The hardest part of starting a company is selling your vision to the world. Hedera was built on the belief that there is a middle ground between the network effects enabled by a fully decentralized public network, and the stability brought about by enterprise governance.
One of the key attributes of the hashgraph algorithm, which we have highlighted over the years, is the concept of fairness, and in particular, fairness of ordering. We believe it should be difficult for a small group of attackers to unfairly influence the order of transactions that is chosen as the consensus, and that no ‘leader’ or other party should be able to control transaction order.
The digital landscape is dominated by centralized application services and centralized data servers. We hope the organizations that operate these services are trustworthy, and that they will be honest and treat their users fairly.