Hedera Hashgraph (HBAR) Run by the World’s Leading Organizations

By dan saada February 17, 2020 Off
Hedera Hashgraph google cloud

Google recently became a part of the Hedera Hashgraph Council. Thus, there are now eleven members in the governing council.  The Google Cloud will be operating a Hedera Network Node. 

They will be making the Hashgraph ledger data available along with other ledger information on the Google Cloud Platform.  Google now has a voice in the governance of the Hashgraph network in the process of supporting the next generation of distributed ledger technology.

Hedera Hashgraph facilitates fast, fair, and secure applications on the decentralized public network. Thus, helping startups, enterprises, creators, and consumers create a digital world precisely as it should be.

Hedera HBAR facilitates 10,000+ transactions per second, the average fee is at $0.0001 USD, and the transaction confirmation takes place at 3 to 5 seconds with finality.

Hedera Hashgraph (HBAR) facilitates consensus service to build directly on Hashgraph, enabling fast and low fee payments for cryptocurrency, signing and verifying files under file services, and smart contracts for tokenizing and exchange assets.

Sydney Ifergan, the Crypto Expert, tweeted:  “Google joining Hedera Hashgraph (HBAR) is creating a lot of expectations.  We need to see how things unfold with Boeing, IBM, and Deutsche Telekom, already being a part of the governance council.”

A Google Cloud blog post has explained that Google Cloud will make the ledger available for analytics alongside the other public distributed ledger technology datasets provided by Google Cloud Developer.

Hedera Hashgraph (HBAR) have 500 + teams building on Hedera

Google explicitly stated that Bitcoin does not have the technical specifications required for enterprise adoption; however, Anthony Pompliano impliedly contends that Hedera Hashgraph can be used for enterprise adoption.

Leemon Baird, Hedera Hashgraph, explained, “Logging transactions in the exact order like they occur is crucial to use cases across every industry. It allows groups working together to then apply this trust and governance to their applications that need both trust and privacy.”

The Hedera Hashgraph (HBAR) governance is transparent; the LLC agreement is available online and the minutes as well.

Long-term confidence in the network comes from the fact that there is “no-fork,” and the hashgraph consensus algorithm is proprietary with an open review code.  The no-fork guarantee contributes to the stability of development for the application builders.

The critical decisions made by the council concerning the Hedera Platform and the Public Network needs unanimous council support. The decisions can be related to anything, including not limited to treasury management, controlled mutability, legal network requirements, and Direction of the platform and public network node code-base features and functions, and more.

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