Hedera Hashgraph Distributed Ledger Finally Launched | BTCMANAGER
Bitcoin, Blockchain & Cryptocurrency News
Hedera Hashgraph, a decentralized distributed ledger technology (DLT) network that aims to function without the scalability issues associated with existing blockchains, has announced the launch of its public network, reports Yahoo Finance on September 17, 2019.
Hedera Hashgraph Now Fully Functional
After nearly two years under development, Hedera Hashgraph, a platform that claims to share the strengths of established blockchains without their weaknesses, is now operational.
As reported by BTCManager earlier in May 2019, the Hedera Hashgraph team successfully completed the second testing phase of the network, while also announcing a new product suite that will be powered by the Hyperledger Fabric.
Per sources close to the matter, the Hedera Hashgraph testnet has been available to a select group of developers and corporations since December 2018, and the mainnet is now open for public use, making it possible for anyone to build decentralized applications (dApps) and other projects on it.
With the Hedera network now live, the next point of call is for the team to start distributing the 379 million HBAR tokens sold to investors during its crowd sale that took place in three funding rounds between March 2018 and August 2018, generating $124 million.
That’s not all, the team also plans to distribute 1.95 million HBAR tokens to its advisors, vendors and other stakeholders and the remaining HBAR tokens in supply will be released over a 15-year period by the Hedera governing council,