• Days
  • Hours
  • Mins
  • Secs
  • Sat, 19 Oct 2019, 03:29 PM
  • All times are UTC
  • Edition:
Copy link
Increase text size
Decrease text size
Link copied

Hedera Hashgraph to launch blockchain mainnet, coin distribution on September 16

Fri, 30 Aug 2019, 04:07 am UTC

Hedera Hashgraph, an enterprise-grade public distributed ledger platform, is going to open access (OA) to its mainnet beta on September 16, allowing any developer to create an account and build decentralized applications (dApps) on its platform.

Alongside the launch of the mainnet beta, Hedera will also commence its strategic 15-year coin distribution, in which HBAR tokens will be released to participants in Simple Agreements for Future Tokens (SAFTs) offerings, through which the company raised $124 million in 2018.

“The aim of this distribution schedule is to prevent malicious actors from cornering the market on coins, which would enable them to monopolize ownership of nodes, in turn damaging network security,” Hedera said.

In addition, the company has open sourced its mirror node code, allowing anyone to run a mirror node. While they do not participate in consensus, mirror nodes can provide access to all consensus decisions, the public record of transactions, and the state of the ledger. In addition, they offer flexibility for the owner to choose what to store and for how long.

“With Open Access, we are excited to welcome any and all to join the hundreds of third-party developers already building decentralized applications on our platform,” said Mance Harmon, Co-Founder and CEO of Hedera Hashgraph.

“Open Access also marks the next step in our journey to become the industry’s most decentralized, permissionless, public network. At the same time that our mirror nodes are becoming open source and accessible to all, we’re also beginning a careful, responsible coin distribution process.”

According to a press release, the Hedera Hashgraph network will offer three services at OA – 1) Cryptocurrency, throttled to 10,000 transactions per second, 2) Smart Contract and 3) File Service, both throttled to 10 transactions per second to start and increasing systematically throughout the remainder of 2019.

Just recently, IBM and Indian telecom firm Tata Communications have joined the governing council of Hedera Hashgraph. CoinDesk reported that U.S. financial giant FIS Global has also joined, becoming the ninth member of the 39-member council. Also, aircraft manufacturer Boeing has joined as the tenth member.

Other members include Deutsche Telekom, DLA Piper, Magazine Luiza, Nomura Holdings, and Swisscom Blockchain AG.

[The article has been updated to mention to that Boeing is the 10th member of the Hedera Hashgraph governing council.]

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $8,047.02 (+1.16%)
  • Ethereum (ETH) $174.70 (+0.94%)
  • XRP (XRP) $0.295100 (+1.56%)
  • Bitcoin Cash (BCH) $215.35 (+0.88%)
  • Litecoin (LTC) $54.06 (+1.09%)
  • Bitcoin (BTC) $8,047.02 (+1.16%)
Oct 18, 2019 (Friday)
Telegram’s claim “Grams will not be security once TON Blockchain launches” is insufficient, argues SEC
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
US Senator comes out in support of Facebook’s crypto, finds hostility towards Libra “puzzling”
Crypto Technicals: BCH/USD tests trendline support (209), dip till 78.6% Fib (168.35) likely
IBM, Raw Seafoods partner to digitize scallops supply chain using blockchain
India’s Reliance Industries reveals blockchain plans for Bill of Lading and Letter of Credit transactions
Crypto Technicals: Ripple (XRP) erases most of previous session's gains, retrace below cloud dents further upside
Crypto exchange Upbit operator Dunamu to launch OTC trading platform for unlisted securities
Crypto Technicals: ETH/USD fails to extend recovery, resumes weakness, 167.50 (Oct 6 low) in sight
Stablecoin initiatives highlight shortcomings in cross-border payments: G7 Working Group
Crypto Technicals: LTC/USD extends choppy trade below 21-EMA, bias bearish
Crypto Technicals: BTC/USD confined to narrow range, bias bearish below 5-DMA (8132)
Telegram calls SEC’s emergency injunction “unreasonable”, argues gram tokens are not securities
Oct 17, 2019 (Thursday)
Bermuda to develop blockchain-based national ID system with Shyft and Perseid Network
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Samsung SDS partners with Tech Mahindra and Pega to launch blockchain-based traceability solution
Telegram proposes to postpone TON blockchain project launch to April 2020, seeks investors’ consent
Crypto Technicals: TRON (TRX) resumes weakness, break below 20-DMA could see fresh multi-month lows
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.