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What is Hedera hashgraph development?

Hedera is a distributed public ledger built from the ground-up to support new and existing applications running on a web-scale. Distributed ledger technology is used to construct computational trust directly into the applications. Public distributed ledgers allow developing and exchanging value, authenticating and verifying data, proving identity, and much more.


Hedera is unique because it is faster, fairer, more efficient, stable and secure than most of the other ubiquitous public Blockchains like Bitcoin or Ethereum. Hedera hashgraph components include:

  • Hedera network services
  • Hashgraph consensus
  • Hedera governing council
  • Decentralization
  • Third-party applications

Hedera public network is built on hashgraph distributed consensus algorithm. The hashgraph consensus algorithm provides nearly perfect efficiency in bandwidth usage and can process hundreds of thousands of transactions in a second. Instead of traditional proof of work Blockchain, which selects a single miner to choose the next block, hashgraph nodes achieve consensus using gossip about gossip and virtual voting protocols. Through these protocols, the hashgraph network agrees on both the timestamp and every transaction's validity. The ledger's state is updated to include transactions with absolute certainty when the transaction is valid and within an appropriate time.

What are the benefits of Hedera hashgraph?

A Hedera hashgraph development company helps enterprises to develop and integrate the technology to bring decentralization, security, fairness and other benefits into their businesses.

Performance: Hedera hashgraph can process hundreds of thousands of transactions efficiently per second. 

Security: The Asynchronous Byzantine Fault Tolerance algorithm helps the Hedera hashgraph platform to achieve absolute security. 

Fairness: Hedera uses a uniform timestamping technique which makes it fairer than other algorithms.

Uniqueness: It implements virtual voting and gossip about gossip protocol to reach consensus quickly. It doesn't need any proof of work consensus mechanism.


Hedera hashgraph development services

Leveraging Hedera's network services like cryptocurrency, smart contracts and file service, an ideal Hedera hashgraph development company aims to deliver dApps that bring high throughput and decentralized trust into the system.

Custom hedera hashgraph app development

Custom-developed applications are specifically advantageous to the organization. It aims to develop and deploy dApps on Hedera hashgraph network with hedera APIs, Smart contracts, file service and consensus service.

Creative UI/UX

According to the product's working prototype, Hedera designers provide high-fidelity designs to ensure a seamless user experience. Moreover, a technical design can also be created that includes system blueprint design, user stories, technical component definitions, and the platform's database design.

Smart contracts development

 Develop and deploy Solidity Smart contracts on Hedera public and private network for B2C and enterprise-grade applications. Smart contracts are also deployed to create a token that represents an asset or security.

Hedera hashgraph platform integration

A hedera hashgraph development company must be an expert in integrating the hedera hashgraph platform with an existing application or Blockchain network by migrating the business layer into Smart contracts and committing transactions to the Hedera platform instead of a centralized database.

Tokenized assets

No matter its government bond, tangible asset, international traded commodity or any digital asset, a hedera hashgraph development company must know how to tokenized assets on the hedera platform with ERC standard and Solidity Smart contracts.

Hedera hashgraph aims to develop and deliver applications scaled to millions of users and continue to perform. Many tech experts consider it the next generation of Blockchain technology that is even more fast, secure and efficient. In the coming years, even more, businesses will adopt the technology to maximize their profits.

If you're looking for help to build a Hedera application for your business, contact an experienced and expert hedera hashgraph development company like LeewayHertz. Leewayhertz excels in providing the best development services to their clients and aims to deliver the quality product that helps businesses grow and thrive in their domains.


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