Cryptocurrency Q&A
Who owns Hedera HBAR?
Who owns Hedera HBAR?
GeishaMelodious
Sun Jun 16 2024
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7 answers
2040
Could you please elaborate on the ownership structure of Hedera HBAR? I'm curious to know who holds the reins of this cryptocurrency and what kind of governance model it follows. Is it decentralized, or are there specific individuals or entities that have significant influence over its direction? Furthermore, how does the ownership structure impact its overall stability and long-term prospects? I'm keen to understand the intricacies surrounding the ownership of Hedera HBAR.
7 answers
SamuraiBrave
Tue Jun 18 2024
The open-source initiative was made possible through the adoption of the Apache License. This permissive license allows users to freely use, modify, and distribute the Hashgraph algorithm, while still protecting the intellectual property rights of Hedera and its governing council.
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CryptoAlchemy
Tue Jun 18 2024
The Hedera Governing Council, comprised of a diverse array of global companies and entities, took a pivotal decision in 2022. This body, responsible for the ownership and management of Hedera, voted unanimously to acquire the patent rights to Hashgraph.
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Alessandra
Tue Jun 18 2024
The decision to open source Hashgraph was not only a vote of confidence in the algorithm's superiority but also a testament to Hedera's commitment to transparency and collaboration. By sharing its technology with the world, Hedera hoped to foster a global community of developers and enthusiasts who could contribute to its ongoing development.
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amelia_martinez_engineer
Tue Jun 18 2024
Among the various services offered by Hedera, BTCC, a UK-based cryptocurrency exchange, stands out as a notable partner. BTCC provides a comprehensive suite of services, including spot trading, futures trading, and a secure wallet solution.
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FireflySoul
Tue Jun 18 2024
The acquisition of Hashgraph patent rights represented a significant milestone for Hedera, as it aimed to further enhance the security and scalability of its distributed ledger technology. Hashgraph, a novel consensus algorithm, promised to revolutionize the way transactions are processed and verified.
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