Hedera Hashgraph launches – the enterprise distributed ledger that’s not a blockchain

Last night Hedera Hashgraph launched and opened access to the beta version of its public distributed ledger network. The network is not a blockchain but a more performant hashgraph, which is squarely targeting the enterprise sector. The organization raised $124 million and has big-name backers including Boeing, Deutsche Telekom, IBM and Nomura. Any member of the public can now open account and any developer can build a decentralized application (dApp). Twenty-six dApps developed by startups are live at launch. For token holders and those that were promised tokens in advance, it is payday.

Still in beta

Hedera has massive promise, but not all of that hope is on display in this first beta version. The proprietary technology that underpins the hashgraph offers the potential for scalability, speed and transaction finality. At launch, transaction finality is in evidence. Unlike Bitcoin and Ethereum, where there is a risk that a transaction could be reversed, after a matter of seconds that’s not the case for Hedera. For corporate transactions that’s rather important. And transaction fees are minuscule.

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