Hedera Plans to Expand its Blockchain Network by Adding Community-Run Nodes and Shards

02/20/2023 01:47 • NFT Newsflash • 100 views

According to reports, Mance Harmon, co-founder and CEO of Hedera, revealed in a YouTube interview that Hedera’s 2023 road map plans to add community-run nodes in addition to the nodes run by the members of the board, so as to expand the performance of the blockchain. The next step is to add additional shards, which will help the overall network throughput.

Founder of Hedera: plan to add community nodes outside the council node to expand performance

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Hedera, the blockchain start-up, plans to expand its network by adding community-run nodes in its 2023 road map, according to Mance Harmon, one of the co-founders and CEO of Hedera. The idea behind adding community-run nodes is to improve the overall performance of the blockchain network alongside the nodes run by the members of the board. This can be a game-changer for decentralization in the crypto world.

The addition of community-run nodes is set to improve the overall throughput of the Hedera network. This is a crucial aspect of scalability for blockchain systems. The more nodes there are on the network, the higher the number of transactions that can be processed over a given period. Additionally, it will bring about an increased level of decentralization, which is essential for the growth of the blockchain industry.

Another step in the roadmap of Hedera is the addition of shards. A shard is a smaller network that processes transactions independent of the rest of the network. By adding more shards, Hedera plans to increase its throughput even more. This is a bold move as it adds a layer of complexity to the blockchain architecture, but it is necessary when dealing with large-scale blockchain networks.

Overall, the move by Hedera to add community-run nodes and more shards makes sense as they aim to make their blockchain more decentralized, faster, and more efficient. Hedera has come a long way since its inception in late 2018 and remains one of the most significant blockchain start-ups in the industry today.

In conclusion, the blockchain industry is evolving at a rapid pace, and innovation is critical for firms to stay ahead of the competition. The addition of a community-run node in the Hedera network will help to create a more decentralized ecosystem. At the same time, the addition of shards will make the blockchain more scalable, faster, and more robust. With more blockchain-based solutions emerging by the day, Hedera’s bold move is a positive step taken in the right direction to keep up with the competition.

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