About Hedera Hashgraph
What is Hedera Hashgraph?
Hedera is a decentralized public network built on an innovative technology called Hashgraph, a distributed ledger that offers high throughput, low fees, and near-instant finality. Unlike traditional blockchains, Hashgraph uses a directed acyclic graph (DAG) structure and a consensus algorithm based on virtual voting and gossip about gossip, enabling secure and fair transaction ordering.
Why is it Different?
- Speed: Processes over 10,000 transactions per second with 3–5 second finality.
- Security: Asynchronous Byzantine Fault Tolerant (aBFT) — the highest level of security.
- Low Cost: Fixed and predictable low fees in USD.
- Governance: Decentralized governance by a rotating council of major global enterprises.
- Eco-Friendly: One of the most energy-efficient public DLTs in existence.
The Founders
Dr. Leemon Baird
Leemon is the inventor of the Hashgraph algorithm and serves as Hedera’s Chief Scientist. He holds a Ph.D. in Computer Science from Carnegie Mellon University and has worked in machine learning, cybersecurity, and military systems. Prior to founding Hedera, he was a professor and a serial entrepreneur in tech startups.
Mance Harmon
Mance is the Co-Founder and former CEO of Hedera. He brings over 20 years of leadership experience in technology and cybersecurity, having served in senior roles at the U.S. Air Force, at labs like the Missile Defense Agency, and as CEO of several startups. He has a strong focus on governance, enterprise adoption, and real-world use cases.
Vision & Mission
Hedera’s mission is to create a trusted, secure, and sustainable digital future by offering public infrastructure that meets the needs of both enterprises and decentralized applications. Its vision is to enable anyone to build trust into the digital world — for payments, identities, supply chains, and beyond.