Mainnet - Node 4 - Partial outage on Mar 16, 2023.
Scheduled Maintenance - Testnet Upgrade to v0.35.1 - Scheduled for Thursday, Mar 16, 2023, 16:00 UTC.
Mainnet - Node 4 - Partial outage on Mar 15, 2023.
Mainnet - Node 4 - Partial outage on Mar 14, 2023.
Mainnet - Node 22 - Partial outage on Mar 13, 2023.
Mainnet - Node 4 - Partial outage on Mar 13, 2023.
Mainnet - Node 3 - Partial outage on Mar 13, 2023.
Mainnet network proxies disabled on Mar 10, 2023.
Mainnet - Node 4 - Partial outage on Mar 09, 2023.
Mainnet - Node 4 - Partial outage on Mar 07, 2023.
Mainnet - Node 4 - Partial outage on Mar 06, 2023.
Mainnet - Node 4 - Partial outage on Mar 03, 2023.
Mainnet - Node 4 - Partial outage on Mar 02, 2023.
Mainnet - Node 4 - Partial outage on Mar 01, 2023.
Mainnet - Node 4 - Partial outage on Feb 28, 2023.
Mainnet - Node 4 - Partial outage on Feb 27, 2023.
Mainnet - Node 4 - Partial outage on Feb 24, 2023.
Scheduled Maintenance - Testnet Upgrade to v0.35.x has been completed successfully!
Mainnet - Node 4 - Partial outage on Feb 23, 2023.
Mainnet - Node 4 - Partial outage on Feb 22, 2023.
Protocol review done on January 09, 2023.
Protocol review done on December 23, 2022.
Protocol review done on December 12, 2022.
Protocol review done on November 22, 2022.
Protocol review done on November 9, 2022.
Overall Ecosystem Score updated.
Developer Community Score updated .
Grant Program Score updated due to new findings.
Protocol review done on October 20, 2022
Foundation Tools score is decreased as Programming lang and SDK is updated
Documentation score increased as skeleton node, node validator is available
Protocol Support score has increased as Email,chat and ticketing system has added
Foundation Tools score is increased as Flutter SDK is added.
|PERFORMANCE MATRIX||VALUE||MONITORED AT|
|Node Count||27 nodes|
|Reddit Total Members Online||1,800 members|
|Reddit Total Members||29,800 members|
|Discord Total Subscribers Online||1,463 subscribers|
|Discord Total Subscribers||16,217 subscribers|
|Telegram Err||19 err|
|Telegram Ppm||16 ppm|
|Telegram Views Per Post||3,564 views|
|Telegram Total Subscribers||18,958 subscribers|
|Read Speed||608 ms|
|Write Speed||521 ms|
Tasks completed by developers
Record an explainer video and share the GitHub URL for the review of your task.
As a first-generation blockchain, Bitcoin brought a revolution to the digital world. Later, Ethereum arrived with smart contract functionality and it gained huge traction from enterprises and developers. However, both these blockchains had some weak points. For example, Bitcoin failed to provide a decentralized infrastructure to support dApp development. Ethereum lacks scalability and low-cost development.
Hedera, being a third-generation blockchain protocol, aims to solve the problem of heavy bandwidth consumption of blockchain protocols, offering a highly scalable and secure infrastructure for seamless dApp development. Hedera further stands out with its licensing and truly decentralized governance model that strives to maintain the integrity of its network by allowing the governing members to participate in voting and decision-making activities equally.
Hedera is a fully open-source public blockchain network designed to support the development and deployment of dApps and microservices. The network’s mainnet was officially launched in August 2018, with Hedera Hashgraph token-HBAR being its native token. Developers can utilize the fast, fair and highly-efficient Herera’s ecosystem to build customized decentralized applications and permissioned blockchain networks to run their separate consensus algorithms and rulesets.
The architecture of Hedera consists of three layers; the internet layer, Hashgraph consensus layer, and services layer.
Also, Hedera includes the Mirror network and Sharding technique in its architecture. While the Mirror network works as a “read-only” node, it lowers the load on the main network, helping it functions more efficiently. With Sharding, Hedera separates the whole network into smaller groups of nodes for their efficient and easy management.
Consensus mechanism of Hedera
Hedera uses the Hashgraph consensus mechanism, which strives to provide a new infrastructure for a distributed consensus. It allows users to agree on an agreement in the same order that other users have adopted to generate transactions. Hashgraph consensus enables the Hedera network to achieve high performance while reducing the overall cost of building dApps and transaction execution.
Key features of Hedera
Hedera achieves high speed and low latency to complete the transaction in seconds, requiring less computing resources than most blockchains.
With fair access, a reliable time stamping approach, and transaction order, Hedera avoids malicious node attempts for data manipulation.
With the ability to process 10,000+ transactions, Hedera offers high scalability on the network with block finality in seconds.
Hedera’s network offers best-in-class security asynchronous Byzantine fault-tolerant (ABFT) and is highly resistant against DDoS and Sybil attacks.
Governed and managed by many global entities, Hedera ensures reliability to avoid forking and meet global standards for data regulations and compliance.
Popular use cases of Hedera
Leverage the benefit of cost-efficient and real-time payments by issuing stablecoins and other cryptocurrencies on the Hedera ecosystem.
Quickly configure, mint and manage a variety of fungible and non-fungible tokens on the Hedera ecosystem without using smart contracts.
Easily create custom permission blockchain while powering the chains with attributes like trust and open-source for mass adoption.
Leemon Baird and his business partner, Mance Harmon, are the founders of Hedera.
Mance has 20+ years of experience serving various senior-level roles across enterprises and startups.
Baird is the co-founder and CTO of Swirlds Inc. He has been a professor of computer science at several reputed universities, possessing over 20 years of total experience.