If Bitcoin is a heavy gold safe and Solana is a racing car, then Hedera is a super-smart magic notebook. It actually isn’t a “blockchain” in the traditional sense—it uses something even cooler called a Hashgraph.
The technology was invented in the mid-2010s. The company, Hedera Hashgraph, was officially formed in 2017. After a lot of testing, the network opened up to the public (the “Mainnet”) in September 2019.
Hedera was created by two long-time friends and business partners:
Dr. Leemon Baird: The “Scientist.” He’s a computer science genius who invented the Hashgraph algorithm. He wanted to solve the problem of making the internet fair and fast for everyone.
Mance Harmon: The “Business Leader.” He is a tech executive and a veteran of the U.S. Air Force. Together, they wanted to build a network that was “built to last” for hundreds of years.
The Governing Council: This is the most unique part. Hedera isn’t run by one person. It’s governed by a group of up to 39 huge, world-famous organizations like Google, IBM, Boeing, and Ubisoft. They make sure the network stays safe and fair.
Hedera is a “Distributed Ledger Technology” (DLT). While a blockchain is like a single line of blocks, Hedera’s Hashgraph is more like a spreading tree or a web.
Hashgraph vs. Blockchain: In a blockchain, if two people write a page at the same time, the network has to throw one away. In Hedera, everyone’s “pages” are woven together. Nothing is wasted!
Gossip about Gossip: This is how Hedera talks. Imagine you tell two friends a secret, and they each tell two more, and they also mention who told them and when. Very quickly, everyone knows the secret and exactly when it happened.
HBAR: This is the native coin. It’s the “fuel” used to pay for transactions, and it’s also used to keep the network secure through a process called “staking.”
Because it’s incredibly cheap (a transaction costs just $0.0001) and very “green,” Hedera is used for:
Coupon Fraud: Hedera helps stores make sure that digital coupons are real and haven’t been used before.
Tracking Coffee & Medicine: Companies use it to track products from the farm to your table, ensuring everything is fresh and fair-trade.
Sustainability: It’s used to track carbon credits to help save the planet because the network uses almost no electricity—it’s “carbon negative”!
Gaming: Just like Solana, it’s great for games where you want to trade items instantly and for almost no fee.
AI Security: It can be used to prove that a piece of data or a photo was actually created by a human and hasn’t been faked by AI.
Want to see the Governing Council members or learn how to build your own “Magic Notebook” app?
Official Resource: Hedera.com
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