Hedera: Emerging dApp Ecosystem Powered By Next-Gen Consensus
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Hedera (HBAR) is a public Distributed Ledger Technology (DLT) network designed for the creation of secure decentralized applications (dApps) with near real-time consensus. Due to its enterprise focus, the network was constructed with an emphasis on regulatory compliance across jurisdictions and includes tools that allow dApps to run KYC/AML checks and identity verification.
Scalable transaction fee design. Hedera leverages its native cryptocurrency, HBAR, to fuel and secure the network while incentivizing nodes to contribute computational resources. Transaction fees are fixed depending on the type of transaction but average $0.0001 and are paid in HBAR tokens (Slide 2). The total transaction fee comprises a node fee that compensates the specific node that processes the transaction, a network fee that pays all participating nodes for consensus, and a service fee corresponding to the type of service. This fixed fee model makes the platform appealing as a scalable enterprise solution relative to other Layer-1 blockchains (Slide 5).Built on Hashgraph technology. The main distinction between Hedera and most other smart contract platforms is that it licenses Swirlds’ patented Hashgraph technology. Hashgraph is more en...Reports you haven't read
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