ICOVISIONS Podcast Ep. 005 – Hedera Hashgraph
April 13, 2018
Hedera Hashgraph, the trust layer of the internet.
Guest: Paul Madsen, Technical Lead for Swirlds Inc. live AMA
Platform: The Hedera hashgraph platform provides a new form of distributed consensus; a way for people who don’t know or trust each other to securely collaborate and transact online without the need for a trusted intermediary. The platform is lightning fast, secure, and fair, and, unlike some blockchain-based platforms, doesn’t require compute-heavy proof-of-work. Hedera enables and empowers developers to build an entirely new class of distributed applications never before possible.
Token: The Hedera hashgraph network will have a native cryptocurrency, which is a utility token that grants token holders access to distributed applications on the platform. The token may also be “staked” and used to run a node (for example, adding CPU to the Hedera public network), thereby providing the network security within the public ledger. We expect the token to act as a unit of value to motivate responsible use and governance of the platform.