{"id":1357,"date":"2022-01-30T13:19:36","date_gmt":"2022-01-30T13:19:36","guid":{"rendered":"https:\/\/www.worthofweb.com\/web3\/?p=1357"},"modified":"2022-03-02T10:03:02","modified_gmt":"2022-03-02T10:03:02","slug":"hedera-hbar-hello-future","status":"publish","type":"post","link":"https:\/\/www.worthofweb.com\/web3\/hedera-hbar-hello-future\/","title":{"rendered":"Hedera (HBAR): Hello Future"},"content":{"rendered":"\n

Are you a Star Wars fan? If so, you know the prophecy of the Chosen One who will bring balance to the Force. Although there are different interpretations online, we think that Anakin Skywalker brought balance to the Force in the end.<\/p>\n\n\n\n

His master Obi-Wan Kenobi said to him after he joined the Dark Side, “You were the Chosen One! It was said that you would destroy the Sith, not join them! Bring balance to the Force, not leave it in darkness!”<\/p>\n\n\n\n

It happens not just in movies or literature. The change comes in the end but as humans, we can’t understand the path to it beforehand. We tend to simplify our surroundings and draw a straight line from point A to B.<\/p>\n\n\n\n

However, we are complex, life is complex, the world is complex, and technology reflects that. We talked in detail about Web 3.0, web oligarchy, web democracy, and our hunger for the change in our What is Web 3.0?<\/a> post. We described how big corporations lost the balance and became oligarchs of the web.<\/p>\n\n\n\n

When you make a quick search about Hedera<\/a>, it seems like the very corporations we try to escape with decentralization control this Proof-of-Stake Layer 1 solution.<\/p>\n\n\n\n

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Hedera Governing Council Members (February 4, 2022)<\/figcaption><\/figure>\n\n\n\n

There are stereotypes and taboos within crypto communities. When the community sees a corporate logo, they quickly label a project as centralized. This prejudice does not help Hedera. Influencers and even founders of other blockchain projects judge the book by its cover. <\/p>\n\n\n\n

Hedera might be the Chosen One that will bring balance to the web.<\/strong> Although it seems counterintuitive at first, just like Anakin, the governance model of Hedera can be the path to true decentralization. <\/p>\n\n\n\n

Dr. Leemon Baird and Mance Harmon, the founders of Hedera, have a vision. They want to build a company that will be around for 100 years. It is a bold statement in a market where no one can predict what will happen next month. <\/p>\n\n\n\n

What does it look like to be on a 100-year journey? How do they approach this hype-driven market? Can Hedera beat the Blockchain Trilemma and Blockchain Tetralemma? We will try to answer these questions in this article.<\/p>\n\n\n\n

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Short Bio: Dr. Leemon Baird – More<\/a><\/figcaption><\/figure>\n\n\n\n

Before we dive into different aspects of the project, we need to say that Hedera is a sophisticated ecosystem. It is not possible to cover everything in one blog post. We just want to show you the doors. You can find a lot on their website<\/a>, Twitter<\/a>, YouTube<\/a>, and other channels. Don’t forget to check Reddit discussions<\/a>. Feel free to complete the missing points in the comment section below.<\/p>\n\n\n\n

Decentralization<\/h4>\n\n\n\n

Power wants more power, and decentralized becomes a mask for a centralized power concentration. <\/p>\n\n\n\n

In a PoW (Proof of Work) system, miners themselves or the countries who host the mining can be the point of concentration. In other systems, whales, VCs (venture capitalists), and other entities with deep pockets can control the majority of the system anonymously. <\/p>\n\n\n\r\n

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Although it may seem that thousands of software developers are contributing to the code base, only a handful of developers make the important decisions for a lot of blockchain projects.<\/p>\n\n\n\n

At the user level, anonymity is critical for a DLT (Distributed Ledger Technology) like Hedera but anonymity is a double-edged sword at the governance level.<\/p>\n\n\n\n

How does Hedera approach this problem? Dr. Leemon Baird explains in the video below:<\/p>\n\n\n\n

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