Hedera Hashgraph Council

The Hedera Hashgraph Council will be the governing body of the Hedera hashgraph network. The council will consist of up to 39 leading organizations and enterprises in their respective fields, with membership designed to reflect a range of industries and geographies, to have highly respected brands and trusted market positions, and to encourage a wide variety of perspectives. The Governing Members will elect the Governing Board and also contribute expertise through subcommittee membership. Hedera’s governance terms ensure no single member will have control, and no small group of members will have undue influence over the body as a whole.

Download the whitepaper
Globe

Equal voting rights per member


Up to 18 sectors represented


Diversified across 3-year terms with 1/3 turning over per year

Distributed across 10 regions

Decentralized, stable, trustworthy

Governance

The Hedera Hashgraph Council’s governance model is bound by two core principles: decentralization and stability. The elected Governing Board will govern the council by establishing policy for council membership, regulating the network rules and tokens, and approving changes to the platform codebase. Governance is designed to uphold the philosophy of decentralization, and prevents the consolidation of power over the process by which full nodes reach agreement on the transaction order in the platform. The governance model, combined with strong security and mechanisms to support the decisions of the governing body, enables a decentralized, stable platform that engenders the trust needed to achieve broad-based adoption.

Network

Decentralized

The Hedera Hashgraph Council policies and structure aim to guarantee a wide, equitable distribution of a native cryptocurrency, and ensure nodes in the network are being fully utilized. Nodes cast one vote for each token of native cryptocurrency they hold. New nodes will be able to join the network and be compensated for their services in maintaining the platform. The number of nodes is expected to grow rapidly, ensuring consensus voting privileges are distributed around the world. This decentralization prevents collusion by a few nodes to attack the system, such as by counterfeiting the cryptocurrency, modifying the ledger inappropriately, or influencing the consensus order of transactions.

Gossip

Stable

The Hedera Hashgraph Council envisions a cyberspace that is trusted, secure, and without the need for central servers. Realizing this vision is impossible without stability of the platform, achieved only if decisions by the governing body are enforceable. To enable this meaningful governance, legal and technical mechanisms are provided to the Governing Members. These controls protect the community by ensuring the platform will not fork into a competing cryptocurrency, guaranteeing the validity of the software, and providing access to a transparent codebase with no license or approval required. With this stability, mainstream markets will be more inclined to use distributed public ledgers for their commercial applications.

Compliant

The Hedera Hashgraph Council will offer an optional identity mechanism that gives you the freedom to bind verified identities to otherwise anonymous cryptocurrency wallets. This is intended to provide governments with the oversight necessary and critical to the mass adoption of public distributed ledgers. The identity mechanism is completely optional; you can decide what kinds of credentials, if any, to reveal. Hedera intends to work with governments to bring the same level of security to public ledgers as is currently present in the financial system.