Hedera Network

Definition ∞ The Hedera Network is a public distributed ledger technology that operates on a hashgraph consensus algorithm, not a blockchain. It aims to offer high transaction speeds, low fees, and robust security for decentralized applications. Hedera positions itself as an enterprise-grade platform designed for stability and regulatory compliance. Its governance is managed by a council of diverse global organizations. This network provides an alternative to traditional blockchain structures.
Context ∞ Hedera Network frequently appears in news concerning enterprise adoption of distributed ledger technology, highlighting its distinct approach compared to traditional blockchains. The network’s unique consensus mechanism and governance structure are often discussed in relation to its suitability for large-scale business operations. Future developments focus on expanding its ecosystem of decentralized applications and increasing its global utility for various industries.