Hedera Network definition

Hedera Network means the public, peer-to-peer, distributed ledger technology-based platform that utilizes the hashgraph consensus algorithm and is governed by the Hedera Council.
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Hedera Network means a public distributed ledger technology network that enables people to interact and transact online efficiently and securely without the need for third-party companies, which often collect and sell their users’ personal information.
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Examples of Hedera Network in a sentence

  • The Council is responsible for the maintenance of the Hedera Network, including the Hedera Network software.

  • Any proposed modifications to the Hedera Network software require the approval by TechCom in accordance with TechCom’s duly approved charter and, if approved, shall be implemented by the Members in accordance with procedures and protocols established by TechCom in order to ensure decentralized control and the integrity of the Hedera Network.

  • In order to ensure the integrity, stability, and security of the Hedera Network, Nodes are expected to be implemented in phases, and the phases may overlap with each other.

  • Nodes will receive and process transactions from Clients for recording on the Hedera Network public ledger (“Node Activities”).

  • For each transaction it submits to the Hedera Network, a Client pays a transaction fee (a “Transaction Fee”) that contains the three separate fees described below.

  • Hedera Network end users and developer applications running on the Hedera Network (“Clients”) will use Nodes to submit transactions to the Hedera Network and will pay for such transactions with Coins.

  • The Hedera Network operates through fees and rewards, which are denominated and paid in Coins, as described below.

  • Node fees are paid by a Client in exchange for a Node submitting the Client’s transactions to the Hedera Network (“Node Fees”).

  • Pursuant to Section 8.1 of the Limited Liability Company Agreement of Hedera Hashgraph, LLC (the “Hedera LLC Agreement”), each Member will host a Node and associated supporting system(s) on the Hedera Network in accordance with these Member Node Hosting Terms & Deployment Guide, as amended from time to time (“Hedera Node Policy”).

  • The Service Fees for various Hedera Network services will be set by the Council.