Electronics company LG joined Hedera Hashgraph's Governing Council on Wednesday, becoming its 14th member.
The addition edges Hedera toward its council's long-term goal: tap 39 hands-on node runners to govern its enterprise-grade public ledger, Hashgraph.
Hashgraph is an alternative to blockchain platforms with buy-in from Google, IBM, Boeing and University College London among others.
Those attributes add a fresh perspective Hedera's telecom-heavy and Asia-light council, said Hedera CEO Mance Harmon.
"LG is bringing diversity and further decentralization to the council in the way that we haven't had before - that's part of the excitement here."
LG did not respond to a request for comment by press time.
In 2017, the electronics manufacturer trialed R3 Corda for financial transactions.
LG also participated in a 2019 cobalt-tracing pilot via Hyperledger Fabric.
Harmon claims that the Hashgraph beta can handle 10,000 transactions per second - "Way faster" than blockchain-based public ledgers running ethereum and bitcoin.
It follows a proof-of stake model in which users pay via tokens for network services.
LG Joins Hedera Hashgraph Governing Council
gepubliceerd op May 27, 2020
by Coindesk | gepubliceerd op Coinage
Coinage
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.