Yesterday, LG Electronics said it joined Hedera Hashgraph as a governing council member alongside IBM, Google, Boeing, and several others.
The Hedera Governing Council is developing a decentralized governance structure for the public ledger. It aims to have 39 members from different industries, and LG joining brings up the number to 14. All governing members run a node and are tasked with approving updates to the platform’s codebase.
Hedera Hashgraph is a distributed ledger technology (DLT) but not a blockchain. The network uses proprietary code and claims to be the next generation of DLT, which is more scalable than the current proof of work blockchains.
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