According to Hedera Hashgraph’s official blog post published on Aug. 29, the open access beta test will be a period of free public access, during which developers will be able to build decentralized applications (DApps) on the platform.
Hedera Hashgraph, a distributed ledger technology (DLT) platform, announced that it will offer open access to its mainnet beta starting Sept. 16.
Hedera’s network will reportedly offer three services during the beta testing period: cryptocurrency, smart contracts and file services.
Open access beta features
It is noted that crypto transactions will be capped at 10,000 per second while file services will be limited to 10 operations per second. The announcement also notes that Hedera intends to increase the network’s speed over the coming months.
When the open beta test ends, the platform will begin to distribute its HBAR tokens over the next 15 years, according to the announcement. Hedera is currently a permissioned network, but the company plans to transition to a permissionless one via token staking over an extended period of time.
Governing council members
As previously reported by Cointelegraph, major tech firm IBM and telecom company Tata Communications joined Hedera’s governing council earlier in August.
Hedera Hashgraph CEO Mance Harmon added:
“Our governance model, which includes a robust system of checks and balances, ensures power can’t be consolidated, while at the same time providing a stable and scalable platform on which developers can build.”
Hedera co-founder Leemon Baird also explained that the council members are genuine owners of the company and not just advisors. Baird remarked:
“The members of the governing council are the actual owners of the company. They aren’t just advisers. … Hedera is an LLC that is split 39 ways – 39 companies own it, control it, and make all the decisions.”
Crypto Project Decred Adds Privacy Features to Its Coin
On Aug. 28, cryptocurrency project Decred announced that it is adding a few new privacy-focused features to its cryptocurrency DCR.
According to Decred’s official blog, the goal of these new features is to be “simple, adaptable, and creative.” The post explains:
“Decred has implemented a variant of CoinShuffle++ in its wallet. Although it is possible to perform this process in an entirely peer-to-peer (“P2P”) fashion, that overlooks constraints that come from routing over the public internet, so we have created both a server, csppserver, and integrated the client into dcrwallet. … It is expected that roughly 12.5% of all decred in circulation will make use of privacy within a few months.”
More privacy, less coding
Jake Yocom-Piatt, co-founder and project lead at Decred, explained that his team has been working quietly to add these privacy features to the coin since 2017, and that they comprise only a few hundred lines of code, compared to thousands or tens of thousands for other privacy-focused projects.
Per the announcement, Decred is “built on the tenets of blockchain security, built-in governance, and a self-funding block reward that makes it a superior store of value.” Yocom-Piatt added:
“With these foundations in place, we are keen to build out privacy features that will enhance security for our users.”
Decred wants to offer the right amount of privacy
Decred is an open-source blockchain-based cryptocurrency that was created by several crypto-enthusiasts claiming that Bitcoin’s decision-making was getting more and more centralized due to the existence of mining pools.
At press time, DCR is trading at around $22.5 and has a market capitalization of $252 million, according to Coin360.
As Cointelegraph reported on July 19, privacy-focused digital currency Zcash (ZEC) has forked into a new blockchain network dubbed Ycash, whose total supply amounts to 21 million coins.