Hedera Hashgraph. Innovate, Create, Open Source Code and Free Access For All. And Still, There Is More To Come.
Hedera Hashgraph is a public network that allows individuals and businesses to create powerful decentralized applications (DApps).
This technology allows it to improve upon many blockchain-based alternatives in several key areas, including speed, cost, and scalability.
Hedera is governed (NOT owned) by a council of the worlds leading organizations including;
Google, IBM, Boeing, LG, and diversified industry. Council members have a limited rotational term on the advisory council so cannot dominate or "take over" the open source as seen in closed web2.0 Big Tech.
Listen to Guest, Mance Harmon, CEO of Hedera share some insights as to why, this rather long to market tech is finally being recognized as a significant shift. the original proof of stake algorithm has now been in testing and development for some 6 years. It is NOT a revolution, and Leemon's and Mance's guiding vision and wisdom of patience, care, core values, open source and carbon positive are very real and to be commended.
I'm excited for hashgraphs social sustainability, positive environmental considerations and vast improvements but the biggest shifts in my small book?
It's free, it's OPEN source and it's being offered by astute, kind and caring leaders who wanna do shiFt differently. This matters to me most, not the inherent "tech" or "buzz" or "playas for fast bucks" which frankly I couldn't really give a sideways glance at. They are there too, if that's what principally motivates you and floats your goat...
Check out Hedera's website for all the brain wiz techy stuff waaaaay beyond me➜ https://bit.ly/HBARHedera
In a word. This is ...
HUGE!
The Lights Have Just Turned On (as Paul in the interview says...) In a Big Way.
Exciting decentralized governance and both security and speed to finality in ordering of transactions.
At integrated scale.
This is really well beyond the early (and mostly current) proof or work blockchain we have known to this point.
The architecture (the "plumbing") behind this shift is evolutionary, not necessarily revolutionary.
Thank you Leemon Baird, the mathematician, the Chief Hashgraph Scientist, the inventor who many years ago discovered the key that is now unlocking improved efficiencies. To him, this is not new. Just the next step in a visionary creation.
This web3.0 decentralized invention is now leading to cost savings, confluence and efficiency of combinations (at open and limitless scale!). For those who choose to go there.
Tokenisation, aBFT, DeFi, Distributed Ledger Technology, open source commerce, stake proofs, sharding, are all languages now becoming common. Remember when you didn't know what email, insti, facey and hashtags were? Welcome to The Next Language Terms & Conditions Web3.0 Level Up. It's not rocket science. Unless it is ... hey billionaire tech 2.0 desert dwellers playing with your prophet ships probing space made from selling our data and privacy and souls for the last 3 decades... but we all DID tick the box saying we agreed... To Your T&C's. This is about to change in a scalable and sustainable way thanks to Hedera's hashgraph proof of stake protocols.
Honestly, these are still very early days after only 6 years, but last weeks open sourcing of the code is MASSIVE news as this allows the free use for anyone to create and build on the code.
Here's To the end of big tech2.0 walled gardens which have controlled and sold OUR data, our privacy for their profits. This is changing with this open source announcement.
Here's to a truly decentralized "internet" that re democratizes through both the evolving Hedera council governance model and the actual open source shared worlds coding that Mance explaons in this video.
We trust.
This current confluence.
We trust.
This next opportunity to do things differently.
We trust.
All the participants in an open sourced web3.0 Network.
To create a more sustainable co created shared world that also addresses environmentally sensitive issues.
This next open source development reminds me of what Tim Berners Lee said of his "www inventions"
"Creating the web was really an act of desperation, because the situation without it was very difficult when I was working at CERN later. Most of the technology involved in the web, like the hypertext, like the Internet, multifont text objects, had all been designed already. I just had to put them together. It was a step of generalising, going to a higher level of abstraction, thinking about all the documentation systems out there as being possibly part of a larger imaginary documentation system."Watch @ManceHarmon's interview on @paulbarrontv to learn more about the individuals, businesses, and leading organizations of the world that are creating powerful #decentralized applications (#dapps) with speed, security, and scalability on #Hedera: https://t.co/L7lWdZmIL1
— Hedera (@hedera) February 1, 2022
"Emerging technologies force us to consider the adverse effects they might have on our world if left unchecked. Artificial intelligence, for example, begs for considerations on privacy and surveillance, bias, and moral judgment.
Or social networks, which must reckon with the adverse effects on society through misinformation, personal data marketplaces, and surveillance capitalism.
With the increased adoption of public distributed ledgers and, more specifically, proof-of-work mining currently used by both Bitcoin and Ethereum, the industry is obligated to consider the imminent threat of unsustainable energy consumption and environmental consequences.The Hedera network’s underlying technology, the energy-efficient hashgraph algorithm, and proof-of-stake consensus mechanism have laid a solid foundation for relatively sustainable network operations.
But the Hedera Governing Council members recognized that more could be done.Hedera Hashgraph has adopted environmental sustainability as a core value and is officially committed to carbon-negative network operations by purchasing carbon offsets quarterly, with amounts determined by the third-party assessment provider Terrapass.
This decision was made by members of the Hedera Governing Council after careful deliberation, and we are hopeful this decision serves as inspiration for other public networks to adopt sustainable operating practices."