Description
Who Are the Founders of Hedera Hashgraph?
nHedera Hashgraph has two founders: Dr. Leemon Baird and Mance Harmon.
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nDr. Leemon Baird is credited as the investor of the hashgraph distributed consensus algorithm and currently works as Hedera’s chief scientist.
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nPrior to founding Hedera Hashgraph, Baird accumulated more than a decade of experience in various computer science and security roles and previously worked as a senior research scientist at the Academy Center by Cyberspace Research. He also holds the position of co-founder and CTO at Swirlds Inc., a platform for building DApps.
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nOn the other hand, Mance Harmon is Hedera’s CEO and an experienced technology executive and seasoned entrepreneur. Harmon has around two decades of experience holding executive roles at prominent firms — many of which are in the IT security industry. Like Dr. Leemon Baird, Mance Harmon also holds a second position at Swirlds Inc., as its co-founder and CEO.
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nIn addition to the founders, the Hedera leadership team also comprises more than a dozen individuals, many of which have had distinguished careers.
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What Makes Hedera Hashgraph Unique?
nUnlike most other cryptocurrency platforms, Hedera Hashgraph isn’t built on top of a conventional blockchain. Instead, it introduces a completely novel type of distributed ledger technology known as a Hashgraph.
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nThis technology allows it to improve upon many blockchain-based alternatives in several key areas, including speed, cost, and scalability. Hedera transactions have an average transaction fee of just $0.0001 USD and typically reach finality in under five seconds. Overall, Hedera Hashgraph claims it can handle more than 10,000 transactions per second (TPS) — compared to the around 5-20 for most popular proof-of-work (PoW)-based blockchains.
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nThe platform offers several major network services. These include:
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- A token service that allows users to easily configure and mint both fungible and non-fungible tokens (NFTs) on Hedera with just a few lines of code.
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- A consensus service that acts as a layer of trust for any application or network that needs a secure, verifiable log of events.
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- Smart contract tools that let developers build powerful and efficient decentralized applications.
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- Decentralized file storage services with features include proof-of-deletion, controlled mutability, and time-based file expiry.
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