Cryptocurrency Q&A Who owns Hedera?

Who owns Hedera?

Bianca Bianca Thu May 16 2024 | 5 answers 1574
Who owns Hedera?" That's an intriguing question. Hedera Hashgraph is a distributed ledger technology, not unlike other cryptocurrencies and blockchain platforms. But when it comes to ownership, things can be a bit more complex. It's not like a traditional company where there's a clear-cut owner or shareholder. Hedera is governed by a council of organizations, each with a stake in its development and operations. These organizations, including some big names in the tech and finance industries, collectively shape the direction of Hedera. So, in a sense, Hedera is owned by this diverse group of organizations that collaborate to further its mission. But it's also worth noting that Hedera is designed to be decentralized, meaning no single entity has absolute control. So, the answer to "who owns Hedera?" isn't as straightforward as you might think. It's a collaboration of many organizations, with the ultimate goal of building a robust and secure distributed ledger technology. Who owns Hedera?

5 answers

Tommaso Tommaso Sat May 18 2024
The Hedera Governing Council's ownership and management structure ensures the sustainability and stability of the platform. The council, representing a diverse range of industries and perspectives, provides governance and strategic direction, ensuring that Hedera remains aligned with the needs of its community.

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CryptoConqueror CryptoConqueror Sat May 18 2024
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Sara Sara Sat May 18 2024
In 2022, the Hedera Governing Council reached a significant decision regarding the Hashgraph patent rights. The council, composed of a diverse group of global companies and entities, unanimously voted to acquire these patents. This move signified the council's commitment to promoting technological innovation and fostering a more inclusive ecosystem.

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SolitudeEcho SolitudeEcho Sat May 18 2024
The acquisition of the Hashgraph patent rights was not just a financial transaction; it represented a strategic investment in the future of Hedera. The algorithm, known for its scalability and security, holds immense potential in the realm of distributed ledger technology.

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KiteFlyer KiteFlyer Sat May 18 2024
Recognizing the importance of open-source software, the Hedera Governing Council decided to make the Hashgraph algorithm available under the Apache License. This decision ensures that the algorithm remains accessible to developers and researchers, fostering collaboration and innovation.

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