The brief

Analyst view

• FedEx joined the governing council in February 2026 and will run a node with an equal vote.
• Fees are fixed in US dollars: a basic HBAR transfer costs $0.0001, paid in HBAR at the live rate.
• The network passed 10 million accounts in September 2026; its whole codebase is open source as Hiero.

Technical approach

As reported

Consensus

Hashgraph instead of blocks

Nodes gossip transactions plus who-told-whom. From that shared history every node computes the same order, with no block races or wasted work.

Governance

A council of companies runs the nodes

Council members get equal votes, serve limited terms and each run a node. Only members run consensus nodes today, a trade of openness for accountability.

Fees

Prices set in dollars

Each operation has a fixed USD price, converted to HBAR at the live exchange rate, so businesses can budget costs even when the token price swings.

Open code

Code handed to the Linux Foundation

In 2024 the full codebase, including the consensus algorithm, went to LF Decentralized Trust as the Hiero project, so no single firm owns the software.

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