HEDERA HASHGRAPH

Hedera is a public network similar to the internet and it runs on a hashgraph form of technology which is a relatively new type of data management that uses a proof of stake consensus mechanism. As you make know already that the internet is a public network where anyone can create content and share it with everybody. A lot of people understand that the Internet is a place where you can share content but not everybody knows how the internet works. There is nothing wrong with that, just like you don't need to how every part of a car work before driving it.

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What Hedera does is develop a suite of tools that we supposedly very easy to build on a new top of a decentralized network called Hashgraph. Knowing what Hashgraph is will make us know what Hedera does. Hashgraph is basically an information technology that Hedera
uses. If you are familiar with blockchains, you make about the blockchain trilemma which includes security, decentralization, and scalability. One blockchain can not solve all three of these problems but Hashgraph technology can solve all these three problems.

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It can solve these three problems because it is not even blockchain. It uses a technology called DAG which stands for Directed Acyclic Graph. What this DAG does is order transactions shared on the network and it is similar to how iota works. Hashgraph technology uses nodes to secure the network and anyone can hold a node to secure the network. Hashgrahp makes sure that every event on the network shows up in the ledger and it could anything. It usually has some useful information like the timestamp of when the transaction reaches that ledger, the transaction itself, the hash of the last message created by the node, and the hash of the last node sent by the node that message this message.

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For a transaction to be manipulated on Hedera, two third of all the nodes need to agree on it while the blockchain technology 51% of the node need to agree on it for the transaction to continue. Hedera is a company based in Dallas, Texas, USA and it was founded by Leeman Baird and Mance Harmon. Hedera uses a Hbar and it is used to perform a transaction and to stake on nodes. Though you can not host your node on Hedera because they already have 39 companies running the node but you can delegate tokens to one of the nodes.

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