Hedera Hashgraph to Expand Performance by Adding Community-Run Nodes

02/20/2023 01:47 • Daily Digest • 82 views

According to reports, Mance Harmon, co-founder and CEO of Hedera, revealed in a YouTube interview that Hedera’s 2023 road map plans to add community-run nodes in addition to the nodes run by the members of the board, so as to expand the performance of the blockchain. The next step is to add additional shards, which will help the overall network throughput.

Founder of Hedera: plan to add community nodes outside the council node to expand performance

Interpretation of the news:

Hedera Hashgraph is a distributed ledger technology platform that leverages the blockchain to offer a high-performance, low-latency, and secure network. According to reports, Mance Harmon, co-founder and CEO of Hedera, revealed in a YouTube interview that the platform plans to add community-run nodes to its infrastructure by 2023. These nodes will sit alongside the current ones run by the platform’s board members, expanding the performance of the blockchain.

Hedera’s move to integrate community-run nodes marks a significant step forward for the platform, as it will enable more decentralized participation in the network while ensuring that the blockchain maintains its current high performance. Specifically, the addition of these nodes will help to spread the responsibility of keeping the blockchain secure, as well as expand the pool of individuals and entities who can contribute to the network.

In addition to the addition of community-run nodes, Hedera’s 2023 roadmap also includes the addition of more shards. Shards are partitions that are used to split the work of a blockchain network into multiple pieces, thereby increasing the overall network throughput. With more shards, Hedera can handle increased loads of transactions, making it better equipped to handle the demands of a growing user base.

Overall, Hedera’s decision to integrate community-run nodes and expand its shards is a sign of the platform’s continued commitment to improving its services for its users. By increasing its infrastructure to meet growing demand, Hedera is positioning itself as a leading player in the blockchain space. Through these developments, Hedera is likely to strengthen its reputation as a reliable and high-performing blockchain network, making it an attractive option for organizations and businesses looking to leverage distributed ledger technology for their needs.

In conclusion, the integration of community-run nodes alongside current nodes run by the board members represents a significant milestone for Hedera Hashgraph. The move will not only improve the network’s overall performance but also promote decentralization by enabling greater participation from the community. By implementing a decentralized consensus mechanism, Hedera is setting a new standard for blockchain technology in terms of security, scalability, and reliability. With more shards and community-run nodes, the platform is well-positioned to meet growing demand for blockchain solutions in the future.

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Hedera Hashgraph to Expand Performance by Adding Community-Run Nodes

Founder of Hedera: plan to add community nodes outside the council node to expand performance

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