• Latest
IBM, Tata Become First Big Techs to Back Hedera Hashgraph Blockchain

Hedera Hashgraph Blockchain to Launch, Release Coins Starting Sept. 16

August 29, 2019
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Business

Hedera Hashgraph Blockchain to Launch, Release Coins Starting Sept. 16

coinnewsdaily by coinnewsdaily
August 29, 2019
in Business
0
IBM, Tata Become First Big Techs to Back Hedera Hashgraph Blockchain
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022

Hedera Hashgraph, a blockchain-like public network for enterprises, is adding a U.S. financial giant to its governing council.

Hedera announced Thursday that FIS Global will become the ninth addition to its 39-member council. Hedera also announced that it intends to launch its mainnet in beta on Sept. 16.

The company claims its distributed ledger technology can facilitate micropayments and distributed file storage; support smart contracts; and will allow private networks to plug into the public one to take advantage of its transaction ordering mechanism. At launch, Hedera claims it can support up to 10,000 transactions per second and file services at 10 transactions per second.

FIS joins council members from multiple industries and four continents, including Japan-based Nomura Holdings, India’s Tata Communications and American tech giant IBM. It is the first U.S.-based financial services provider to join the group.

FIS declined to comment.

“We wanted to make sure that those initial members were diverse enough,” Leeman Baird, co-founder, chief scientist and inventor of the hashgraph consensus algorithm, told CoinDesk. “They’re on different continents, under different governments and in different industries.”

Greater reach

While the addition of FIS will further decentralize Hedera’s governance, the network is still looking to diversify its governing council – both by geography and by industry.

“We started with what we think are the low-hanging fruit, but there’s a large swath of the market we have not begun to touch,” said Mance Harmon, CEO of Hedera. “For instance, we don’t have anyone in the energy sector or the automobile industry.”

When the mainnet is launched, the distribution of Hedera’s HBAR tokens will begin and continue over the course of 15 years. So far, the company has raised $124 million after three rounds of funding through simple agreements for future tokens (SAFTs). The first distribution of HBAR tokens will be to the approximately 1,000 participants in the SAFT rounds.

Hedera is releasing HBAR in tranches over time to avoid anyone cornering the HBAR market, which would allow them to monopolize the nodes as well.

Before the mainnet launch, Hedera will announce a 10th governing member, and 13 nodes will run the open system with three of the 10 governing members running two nodes. (Hedera says that 13 nodes are more secure than 10 nodes. In the future all members will run one node.)

Hedera Hashgraph image via CoinDesk archives

Credit: Source link

Tags: BusinessCryptoCrypto Business
Share76Tweet48
Previous Post

Facebook’s Libra aims to Shakeup the E-commerce Industry

Next Post

$0.265 is a new resistance Latest Ripple (XRP) News & Price Analysis

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin
Alt Coin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
what are wrapped tokens?
Bitcoin

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?
Alt Coin

What is the future of Ethereum (ETH)?

April 22, 2022
Load More
Next Post
$0.265 is a new resistance Latest Ripple (XRP) News & Price Analysis

$0.265 is a new resistance Latest Ripple (XRP) News & Price Analysis

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$23,195.000.38%
  • ethereumEthereum(ETH)$1,603.82-0.25%
  • tetherTether(USDT)$1.00-0.24%
  • binancecoinBNB(BNB)$307.430.18%
  • rippleXRP(XRP)$0.412151-0.32%
  • cardanoCardano(ADA)$0.3842850.59%
  • dogecoinDogecoin(DOGE)$0.0872590.70%
  • matic-networkPolygon(MATIC)$1.175.92%
  • solanaSolana(SOL)$24.49-0.14%
  • okbOKB(OKB)$36.341.05%
  • polkadotPolkadot(DOT)$6.540.56%
  • shiba-inuShiba Inu(SHIB)$0.0000121.41%
  • litecoinLitecoin(LTC)$88.461.39%
  • tronTRON(TRX)$0.0639823.26%
  • daiDai(DAI)$1.00-0.09%
  • cosmosCosmos Hub(ATOM)$13.362.14%
  • chainlinkChainlink(LINK)$7.442.90%
  • leo-tokenLEO Token(LEO)$3.847.59%
  • moneroMonero(XMR)$179.893.84%
  • ethereum-classicEthereum Classic(ETC)$22.05-0.14%
  • bitcoin-cashBitcoin Cash(BCH)$135.150.79%
  • stellarStellar(XLM)$0.0927500.43%
  • crypto-com-chainCronos(CRO)$0.0816890.23%
  • filecoinFilecoin(FIL)$5.37-0.70%
  • algorandAlgorand(ALGO)$0.2558964.09%
  • vechainVeChain(VET)$0.0248673.88%
  • internet-computerInternet Computer(ICP)$6.073.25%
  • aaveAave(AAVE)$87.39-1.67%
  • eosEOS(EOS)$1.122.69%
  • theta-tokenTheta Network(THETA)$1.126.48%
  • elrond-erd-2MultiversX(EGLD)$44.802.26%
  • tezosTezos(XTZ)$1.121.67%
  • paxos-standardPax Dollar(USDP)$1.000.01%
  • bitcoin-cash-svBitcoin SV(BSV)$44.441.19%
  • huobi-tokenHuobi(HT)$5.061.24%
  • havvenSynthetix Network(SNX)$2.555.93%
  • iotaIOTA(MIOTA)$0.2427524.57%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.010.86%
  • zcashZcash(ZEC)$46.690.30%
  • makerMaker(MKR)$669.661.72%
  • neoNEO(NEO)$8.260.55%
  • dashDash(DASH)$52.082.54%
  • zilliqaZilliqa(ZIL)$0.0294485.73%
  • compound-governance-tokenCompound(COMP)$58.749.80%
  • basic-attention-tokenBasic Attention(BAT)$0.2641010.66%
  • nemNEM(XEM)$0.0398453.43%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • kusamaKusama(KSM)$36.325.58%
  • bitcoin-goldBitcoin Gold(BTG)$17.69-2.30%
  • qtumQtum(QTUM)$2.733.28%
  • wavesWaves(WAVES)$2.7916.17%
  • sushiSushi(SUSHI)$1.352.60%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • yearn-financeyearn.finance(YFI)$7,676.971.66%
  • golemGolem(GLM)$0.2506274.26%
  • omisegoOMG Network(OMG)$1.512.84%
  • ontologyOntology(ONT)$0.2196041.27%
  • digibyteDigiByte(DGB)$0.011081-0.33%
  • umaUMA(UMA)$2.080.42%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%