Hedera is an open-source, decentralized public ledger designed for the next generation of web3 and DeFi applications. Hedera is powered by a proof-of-stake model and the leaderless, asynchronous Byzantine Fault Tolerance (aBFT) hash graph consensus algorithm. Hedera offers a high-performance, secure, and scalable platform for developers to create real-time web3 applications and ecosystems.
The Hedera Governing Council, comprising global enterprises, web3 projects, and prestigious universities, ensures a fully decentralized and transparent governance structure. The developer community contributes to the codebase and ecosystem standards through Hedera Improvement Proposals (HIPs), which consist of application and ecosystem developers, node operators, and peripheral organizations.
Hedera's unique features include high throughput with fast finality, low and predictable fees, fair transaction ordering with consensus timestamps, and a robust codebase for scalability and reliability. Its performance-optimized Ethereum Virtual Machine (EVM) smart contracts, native tokenization, and consensus service APIs make it easy for developers to build innovative web3 applications and ecosystems.
As a responsibly governed decentralized network, Hedera is set to play a crucial role in shaping the future of the internet by empowering the community to build native web3 ecosystems and institutional applications.