Frequently Asked Questions

The Hedera hashgraph platform provides a new form of distributed consensus; a way for people who don't know or trust each other to securely collaborate and transact online without the need for a trusted intermediary. The platform is lightning fast, secure, and fair, and, unlike some blockchain-based platforms, doesn’t require compute-heavy proof-of-work. Hedera enables and empowers developers to build an entirely new class of distributed applications never before possible.

The Hedera Hashgraph Council will be the governing body of the Hedera hashgraph network. The council will consist of up to 39 leading organizations and enterprises in their respective fields, with membership designed to reflect a range of industries and geographies, to have highly respected brands and trusted market positions, and to encourage a wide variety of perspectives. The Governing Members will elect the Governing Board and also contribute expertise through subcommittee membership. Hedera’s governance terms ensure no single member will have control, and no small group of members will have undue influence over the body as a whole.

All Governing Members of the Hedera Hashgraph Council will have equal voting rights and all except Swirlds, Inc. will be limited to a three year term with a limit of two consecutive terms. (Swirlds, Inc., the owners and licensor of the hashgraph technology, will retain a permanent seat on the council.) The highly distributed network will expand to many millions of nodes voting on the order of transactions across at least five continents. This separation of governance from consensus is designed to ensure continued decentralization over time.

The Hedera hashgraph network will have a native cryptocurrency, which is a utility token that grants token holders access to distributed applications on the platform. The token may also be “staked” and used to run a node (that is, adding CPU to the Hedera public network), thereby providing the network security within the public ledger. We expect the token to act as a unit of value to motivate responsible use and governance of the platform.

The Hedera hashgraph source code will be open review, which provides transparency and allows for contribution, while also bringing stability to the network by preventing forking. Forking, or splitting, is a prevalent issue with some public ledger platforms as it artificially inflates supply.

Yes, Swirlds has granted Hedera hashgraph a license to the hashgraph consensus algorithm.

Swirlds is the licensor of the underlying hashgraph technology that enables the Hedera hashgraph platform, and will continue to develop the technology. Swirlds is a member of the Hedera Hashgraph Council and will have the same voting rights as every other Governing Member. Prior to formal launch of the plaform and the council, Swirlds may retain control of governance and network development.

No, you do not require a license or need permission to use, or develop on, the Hedera public network. Applications that are developed on the platform can implement any licensing model.

Yes, token holders will pay transaction fees to access distributed applications on the Hedera hashgraph platform. These transaction fees are paid to Hedera and the nodes in the network that contribute to the consensus mechanism.

The Hedera hashgraph platform will support Java™ and Solidity™.

The Hedera hashgraph platform will start with a small number of nodes during the testing phase, but we anticipate this will become available to anyone who wants to host a node (and meets basic requirements for bandwidth, CPU, and storage) in the future.

There is a test network currently running for Hedera Hashgraph Council members.

We expect the beta will go live in 2018.

You can learn more about the platform in the whitepaper. Alternatively, if you want to discuss council membership, system partnerships, building distributed apps, or anything else, send us a message via our register interest form below.