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Hedera
Hedera is a blockchain platform for building decentralized applications that need fast transaction finality and predictable fees.
Distributed
Hedera Network
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Description
Hedera Network operates a public distributed ledger using hashgraph consensus with integrated services for smart contract execution, native token management, consensus timestamping, and file storage. The network implements EVM-compatible smart contracts through Besu virtual machine, enables token creation without contracts through Hedera Token Service supporting ERC-20 and ERC-721 standards, provides decentralized message ordering through Hedera Consensus Service, and offers distributed file storage with controlled mutability. Transactions process through leaderless consensus using gossip-about-gossip protocol and virtual voting to achieve asynchronous Byzantine Fault Tolerance with proof-of-stake validation.Category: L1