About

Hedera is an open-source, decentralized layer 1 network that operates on a proof-of-stake model, using the innovative hashgraph consensus algorithm. This algorithm is leaderless and provides strong security through asynchronous Byzantine Fault Tolerance (aBFT). The network is governed and operated by a diverse and decentralized council of top enterprises, universities, and web3 projects globally, ensuring responsible and transparent governance.Hedera's optimized EVM smart contracts enable developers to easily build applications using familiar EVM-based tools and infrastructure, and facilitate smooth deployment or migration across multiple chains. In addition, Hedera offers native services for tokenization and consensus. The Hedera Token Service (HTS) enables developers to create and manage native digital assets that interact with the EVM. These tools empower developers to build robust, real-time web3 applications and ecosystems, making the vision of a more connected and efficient internet a reachable goal.Hedera provides deterministic finality within 3 seconds, low fixed and predictable transaction fees, and fair transaction ordering with consensus timestamps. Its robust and scalable infrastructure makes it a reliable choice for developers.