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Hedera Hashgraph (HHC)

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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 industryBlockchain Infrastructure
Product typePlatform
Hashing algorithmDirected Acyclic Graph (DAG)

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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

    1
    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

    2
    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

    3
    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

    Project team

    Leemon Baird
    Leemon Baird
    CO-FOUNDER AND CHIEF SCIENTIST
    Mance Harmon
    Mance Harmon
    CO-FOUNDER AND CEO
    Tom Trowbridge
    Tom Trowbridge
    PRESIDENT
    Patrick Harding
    Patrick Harding
    SENIOR VICE-PRESIDENT, PRODUCT
    Mehernosh Mody
    Mehernosh Mody
    ICE-PRESIDENT, ENGINEERING
    Jordan Fried
    Jordan Fried
    VICE-PRESIDENT, GLOBAL BUSINESS DEVELOPMENT
    Natalie Grunfeld Furman
    Natalie Grunfeld Furman
    GENERAL COUNSEl
    Christian Hasker
    Christian Hasker
    CHIEF MARKETING OFFICER
    Edgar Seah
    Edgar Seah
    HEAD OF ASIA PACIFIC REGION
    Ken Anderson
    Ken Anderson
    CHIEF DEVELOPER ADVOCATE

    Social media

    Hedera Hashgraph web-siteHedera Hashgraph RedditHedera Hashgraph MediumHedera HashgraphYouTubeHedera Hashgraph TelegramHedera Hashgraph LinkedInHedera Hashgraph TwitterHedera Hashgraph FacebookHedera Hashgraph DiscordHedera Hashgraph Github

    User rating:

    5/5 ( 1 )
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