# Hedera

> The trust layer of the digital economy

Hedera is a blockchain platform for building decentralized applications that need fast transaction finality and predictable fees.

Hedera is a blockchain platform for creating decentralized applications. Users can deploy automated agreements, manage digital tokens, and record verifiable events. The platform operates on a unique consensus method designed to support high throughput and consistent fees. It is governed by a group of global organizations and supports applications in areas such as supply chain, identity, and finance.

- Type: Network
- Sector: Blockchain Platforms
- Status: Active
- Founded: 2018-01-01
- Profile: https://thegrid.id/profiles/hedera

## Products

- [Hedera Network](https://thegrid.id/profiles/hedera): Hedera Network operates a public distributed ledger using hashgraph consensus with integrated services for smart contract execution, native token management, consensus timestamping, and file storage. The network implements EVM-compatible smart contracts through Besu virtual machine, enables token creation without contracts through Hedera Token Service supporting ERC-20 and ERC-721 standards, provides decentralized message ordering through Hedera Consensus Service, and offers distributed file storage with controlled mutability. Transactions process through leaderless consensus using gossip-about-gossip protocol and virtual voting to achieve asynchronous Byzantine Fault Tolerance with proof-of-stake validation. (L1, Live, Main Product)

## Assets

- [HBAR (HBAR)](https://thegrid.id/profiles/hedera): HBAR is the native token of the Hedera network. It is used to pay for network services including transaction fees, smart contract execution, and token operations, and to secure the network through proof-of-stake validation. The token enables holders to earn staking rewards by delegating their HBAR to network nodes, which use a hashgraph consensus mechanism to validate transactions without traditional blockchain mining. (Native)

## Links

- [Main](https://hedera.com)
- [Blog](https://hedera.com/blog)
- [Documentation](https://docs.hedera.com/hedera)
- [Whitepaper](https://hedera.com/papers)
- [Discord](https://discord.com/invite/uJ5k8DkmKV)
- [Facebook](https://www.facebook.com/hederanetwork)
- [LinkedIn](https://www.linkedin.com/company/hashgraph)
- [Telegram](https://t.me/hederahashgraph)
- [YouTube](https://www.youtube.com/hederahashgraph)
- [Reddit](https://www.reddit.com/r/Hedera)

## Legal

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Model 2 - commercial licenses. The Grid Data Service (TGDS) is also available as a commercial license. See [Web Services Terms](https://about.thegrid.id/legal/web-services-terms) for commercial use that is not covered by the open data service.

The following applies to both licensing models.
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- The Grid does not provide investment, legal, or tax advice, and
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- [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers
- [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service.
- [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service.
- [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services.
- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

## Optional

- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
- [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships
- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
- [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP