Hedera (HBAR)
Hedera is a decentralized public network designed for developers to create secure and fair applications with the advantage of near real-time consensus. This network is distinguished by its governance model, which is managed by a council comprising global innovators from various industries. Hedera's architecture provides developers with the tools to build applications that require a high level of trust and transparency.
Governance and council
The governance of Hedera is managed by a council of global organizations that are leaders in their respective fields. The council includes prominent names such as Avery Dennison, Boeing, Deutsche Telekom, DLA Piper, FIS (WorldPay), Google, IBM, LG Electronics, Magalu, Nomura, Swirlds, Tata Communications, University College London (UCL), Wipro, and Zain Group. This diverse group ensures that Hedera is governed in a decentralized manner while benefiting from the expertise and experience of these established entities.
| Ticker | HBAR |
| Category | Protocol |
| Website | https://www.hedera.com/ |
| @hedera | |
| Telegram | hederahashgraph |
| https://www.reddit.com/r/Hedera/ |
Hedera Consensus Service
Overview of HCS
The Hedera Consensus Service (HCS) is a core component of the Hedera network, acting as a trust layer for any application or permissioned network. HCS enables the creation of an immutable and verifiable log of messages. This service is crucial for applications that require reliable and transparent operations, as it ensures that messages are submitted to the Hedera network for consensus, provided with a trusted timestamp, and fairly ordered.
Applications of HCS
HCS can be used in various scenarios to enhance trust and transparency. For example, it can track assets across a supply chain, ensuring that all movements and transactions are recorded and verifiable. It can also create auditable logs of events in advertising platforms, providing transparency and accountability. Additionally, HCS can serve as a decentralized ordering service, offering a fair and unbiased system for processing orders and transactions.
Building on Hedera
Hedera offers developers a robust platform for building applications that require a high level of security, fairness, and transparency. The network's unique consensus mechanism and governance model provide a foundation for applications that can benefit from decentralized trust and near real-time processing.