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About Hedera
Hedera operates as a public network employing the hashgraph consensus algorithm for rapid and secure transaction validation. Governed by a council of esteemed organizations, Hedera ensures consistent progress and decentralization. Distinguished by its high throughput, security, and fair transaction ordering, Hedera strives to establish a trust layer for the internet.
Token symbol:
HBAR
Metrics Overview:
Hedera TPS is 2,321 transactions per second
Hedera Max TPS is 3,288 transactions per second
Hedera Max Theoretical TPS is 10,000 transactions per second
Hedera block time is 2s
Hedera time to finality is 7s
Hedera is a Layer 1 blockchain
Hedera governance model is council
Hedera was launched on Sep 16, 2019 (5 years ago)
Why is Hedera TPS so high?
Hedera is a public network that utilizes a hashgraph consensus algorithm. Unlike a traditional blockchain, which selects a single miner/validator to choose the next block, the community of nodes running hashgraph comes to an agreement on which transactions to add to the ledger as a collective. Through gossip-about-gossip and virtual voting, the hashgraph network comes to a consensus on both the validity and the consensus timestamp of every transaction.
In blockchain, consensus rules require that blocks eventually settle in a single, longest chain, agreed upon by the community. In hashgraph, every container of transactions is incorporated into the ledger — none are discarded. All the branches continue to exist forever and are woven together into a single whole.
![Hedera [TPS, Max TPS, Block Time & TTF] | Chainspect (2024)](data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mP8/h8AAvMB+NzmkbcAAAAASUVORK5CYII=)