Hassan Maishera
On Thursday, the Hedera team announced via X that the global professional services leader Accenture has joined the Hedera Council. As a Council member, Accenture will contribute to the governance of the Hedera public network, operate a network consensus node, and hold equal Council voting rights alongside other Council members.
Accenture’s membership reflects growing enterprise demand for trusted, transparent digital infrastructure that strengthens and secures agentic AI at scale. Accenture will work with Hedera and its Council members to support the delivery of trust-based solutions for financial services institutions, government agencies, and large enterprises.
Hedera Hashgraph is a distributed public ledger infrastructure. According to the team, it offers significant improvements over existing blockchains in five areas: performance, security, governance, stability, and regulatory compliance.
Hedera is the most used, sustainable, enterprise-grade public network for the decentralized economy that allows individuals and businesses to create powerful decentralized applications (DApps).
It is designed to be a fairer, more efficient system that eliminates some of the limitations that older blockchain-based platforms face — such as slow performance and instability.
It was funded through an initial coin offering (ICO) in August 2018 and first launched open access to its mainnet just over a year later in September 2019. As part of the ICO, investors were able to purchase the platform’s native utility token (HBAR) at the lowest possible price.
The HBAR token has a dual role within the Hedera public network. First and foremost, HBAR is the fuel that powers Hedera services, such as smart contracts, file storage, and regular transactions. Second, it's used to help secure the network, since HBAR users can stake their tokens to assist with maintaining the integrity of the platform.
Hedera (HBAR) is the native cryptocurrency of Hedera Hashgraph, a platform that is positioned as an alternative to traditional blockchain technology and aims to excel in speed, efficiency, and security.
Older blockchains tend to use a consensus mechanism like proof-of-work (PoW) to validate transactions, while younger blockchains opt for proof-of-stake (PoS). The Hedera Hashgraph system has a structure that was created from scratch, particularly for the project. Hedera is based on a PoS model that is believed to increase the efficiency of transaction verification in the network, provide a high level of security, and protect the network from hacker attacks. Its ecosystem has the underlying hashgraph consensus algorithm and the global enterprise governing body.
HBAR is trading at $0.08810 at press time, up 0.34% over the last 24 hours.
