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Hedera Hashgraph (HHC)

ICO

Last updated: Oct 20, 2019

The Hedera Hashgraph Council will provide governance for an open, fast and fair decentralized public ledger built on the
hashgraph consensus algorithm. Governance will be maintained by a council of up to 39 known and reputable global organizations,
committed to the support and evolution of a stable, predictable public ledger infrastructure.

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Overview

Project industry	Blockchain Infrastructure / DAO
Product type	Platform
Whitepaper	Open

What is Hedera Hashgraph

Distributed ledger technologies (DLT) are disrupting and transforming existing markets in multiple industries. However, in our opinion there are five fundamental obstacles to overcome before distributed ledgers can be widely accepted and adopted across every industry and geography. In this paper we will examine these obstacles, and discuss why Hedera hashgraph is ideally suited to be the world’s first massadopted public distributed ledger, supporting a vast array of applications.

PERFORMANCE - The most compelling use cases require hundreds of thousands of transactions per second in a single shard (perhaps millions of transactions per second (tps) in a fully-sharded solution), and many require consensus latency measured in seconds. These performance metrics are orders of magnitude beyond what current public DLT platforms can achieve.

SECURITY - If public platforms are to facilitate the transfer of trillions of dollars of value, we have to expect them to be targeted, and we have to prepare for this. To do so requires a consensus algorithm that provides the best security one can achieve, with the security properties of the algorithm formally proven. Vectors of security vulnerabilities shouldn’t be mitigated; they should be eliminated entirely. Other public DLT platforms are trading off decentralization (and so potentially compromising security) for performance gains.

GOVERNANCE - A general-purpose public ledger should be governed by representatives from a broad range of market sectors, each with world-class expertise in their respective industries, and also selected to provide global geographic representation for all markets. Those that are governing need technical expertise so they can competently manage the technical roadmap. They need business expertise so they can manage business operations of the organization. They need expertise in economics and currency markets so they can manage the cryptocurrency. They need legal expertise to help navigate the evolving regulatory environment. In other words, governance should be by those globally recognized as world leaders in their respective industries, and representative of every market in the world.

STABILITY - Without technical and legal mechanisms to enforce the decisions of the governing body, public platforms are at risk of devolving into chaos. Strong security and mature governance will enable a stable platform - one that engenders the necessary trust and confidence among those that would build commercial or sensitive applications on it.

REGULATORY COMPLIANCE - We expect that governments will continue to increase oversight of public ledgers and associated cryptocurrencies and tokens. We consider that a distributed public ledger must be capable of enabling appropriate Know Your Customer (KYC) and Anti Money Laundering (AML) checks.

Details

Public sales: Aug 01, 2018 - Aug 15, 2018
Hard cap: 120,000,000 USD
Raised: 100,000,000 USD

Legal

Blockchain Platform: Own Blockchain

Token info

Ticker: HHC
Accepted currencies: ETH, BTC

Hedera Hashgraph Roadmap

PHASE I: 2017 - 2018

FUNDRAISING
Accredited investors and accredited crowdsale through SAFT

GOVERNING COUNCIL MEMBER RECRUITMENT
Leading, global companies across multiple sectors to govern the network, code base, set fees, and transaction costs

TOKEN GENERATION EVENT
50 billion Hedera tokens generated and held in the Hedera wallet

PHASE II: 2018 - 2019

GOVERNING COUNCIL LEGAL AGREEMENT KICK-OFF
Meet with prospective governing member teams regarding LLC agreements

APIS AND EDUCATION
Developers receive Hedera APIs for 3 services: cryptocurrency, smart contracts, and file storage. Developer enablement via Hedera developer portal

HEDERA18 HACKATHON & CONFERENCE
Inaugural developer conference and decentralized hackathon to learn how to build dapps on the Hedera platform

WALLET SOFTWARE
Hedera releases its mobile wallet on iOS and Android to make it easier for developers to build game-changing decentralized applications

HEDERA MAINNET EARLY ACCESS
Many developers can start building and running their decentralized applications on the Hedera mainnet

PHASE III: 2019 - 2020

TOKEN PROGRAM FOR COMMUNITY TESTING
Hedera Hashgraph community members earn tokens through a faucet program to test the network and to build dapps on the Hedera network; all community testing program members go through KYC / AML process

HEDERA ANNUAL ASSEMBLY 2019
Discuss Hedera’s progress in the market, share decentralized applications built on the platform, and hear from Enterprise partners

ANNOUNCE INITIAL GOVERNING COUNCIL MEMBERS
Several companies across different sectors and geographies

GOVERNING COUNCIL NODES
First nodes in public clouds, transitioning to member hardware and data centers after best practice development

HEDERA OPEN ACCESS
All developers can create accounts and build on the Hedera mainnet

HEDERA TOKENS RELEASED
SAFT holders receive their initial distribution of tokens and tokens can be bought, sold, and used by developers and users for API calls

OPEN-REVIEW SOURCE CODE
Hedera will open-review its source code, providing trust and transparency while inhibiting forking and the associated instability