Hedera

Hedera operates as a public network employing the hashgraph consensus algorithm for rapid and secure transaction validation. Governed by a council of esteemed organizations, Hedera ensures consistent progress and decentralization. Distinguished by its high throughput, security, and fair transaction ordering, Hedera strives to establish a trust layer for the internet.

Token symbol:
HBAR

Scalability Metrics:
Hedera TPS is 7.31 transactions per second
Hedera Max TPS is 3,302 transactions per second
Hedera Max Theoretical TPS is 10,000 transactions per second
Hedera transaction volume is 26,331 transactions
Hedera block time is 2s
Hedera finality is 0s
Hedera has 71,115,126,727 total transactions since its TGE
Hedera is a layer 1 blockchain
Hedera was launched on Sep 16, 2019 (6 years ago)

Decentralization Metrics:
Hedera nakamoto coefficient is 7
Hedera has 31 validators
Hedera stake is $2.592B
Hedera consensus mechanism is Proof of Stake (PoS)
Hedera governance is council

Developer Activity Metrics:
Hedera has 1,003 developers
Hedera has 112 repos
Hedera has 70,115 commits
Hedera has 3,809 stars
Hedera has 1,124 watchers

Hedera is a public network that utilizes a hashgraph consensus algorithm. Unlike a traditional blockchain, which selects a single miner/validator to choose the next block, the community of nodes running hashgraph comes to an agreement on which transactions to add to the ledger as a collective. Through gossip-about-gossip and virtual voting, the hashgraph network comes to a consensus on both the validity and the consensus timestamp of every transaction.

In blockchain, consensus rules require that blocks eventually settle in a single, longest chain, agreed upon by the community. In hashgraph, every container of transactions is incorporated into the ledger — none are discarded. All the branches continue to exist forever and are woven together into a single whole.