🧠 $HBAR | Who steers a public network? Hedera's council model, explained
Hedera describes itself as a decentralized public network that is owned and governed by a council of global innovators, a list that includes names such as Boeing, Deutsche Telekom, Google, IBM, LG Electronics, Nomura and Tata Communications. That structure sits alongside the network's technical design: consensus runs on a Directed Acyclic Graph, and the Hedera Consensus Service gives applications an immutable, verifiable log of messages with a trusted timestamp and fair ordering. The open question for any such network is how governance and upgrades stay accountable as the platform and its ecosystem evolve.
Key takeaway: A council-based governance model concentrates stewardship in named organizations, so understanding who governs and how upgrades are coordinated is central to judging how the network evolves.
💬 What trade-offs do you see between council-led governance and more open, permissionless upgrade processes for a public network?
Source: Official site https://www.hedera.com/
#Hedera #Blockchain
Hedera describes itself as a decentralized public network that is owned and governed by a council of global innovators, a list that includes names such as Boeing, Deutsche Telekom, Google, IBM, LG Electronics, Nomura and Tata Communications. That structure sits alongside the network's technical design: consensus runs on a Directed Acyclic Graph, and the Hedera Consensus Service gives applications an immutable, verifiable log of messages with a trusted timestamp and fair ordering. The open question for any such network is how governance and upgrades stay accountable as the platform and its ecosystem evolve.
Key takeaway: A council-based governance model concentrates stewardship in named organizations, so understanding who governs and how upgrades are coordinated is central to judging how the network evolves.
💬 What trade-offs do you see between council-led governance and more open, permissionless upgrade processes for a public network?
Source: Official site https://www.hedera.com/
#Hedera #Blockchain