Hedera network: status and timeline

Hedera network

Offer a public ledger that big companies trust enough to use: fast final settlement, predictable costs and governance by known organisations rather than anonymous miners.

ScalingStage 5 of 5

Live since 2019; 10M+ accounts. Block streams become the official network record in November 2026.

Updated 30d agoChecked 11 Oct0 updates this week

Milestones

Next · Block streams become the official network record (v0.79)

Mainnet launched2019Complete.
Codebase contributed to Linux Foundation as Hiero16 Sep 2024Complete.
Block Nodes private preview on mainnetNov 2025Complete.
First fee change since 2019 takes effect (consensus messages)2026Complete.
FedEx joins the council13 Feb 2026Complete.
Block stream cutover stage 1: network data streams through Block NodesJul 2026Complete.
Block streams become the official network record (v0.79)Target Nov 2026Current milestone.

Most important updates

Upcoming

Nov 2026Block streams become the official network record (v0.79)in about 3 weeks (next)

Current obstacles

Turning big names into heavy useThe council brings credibility, but daily activity and on-chain finance remain modest next to the largest smart-contract chains.
Fees too low to cover costsThe council raised the message fee eightfold in 2026, calling it underpriced. Keeping fees tiny yet paying for infrastructure is a balancing act.

Physics limits

Agreement costs messagesByzantine fault-tolerant consensus only works while fewer than a third of nodes are malicious, and the gossip each node must handle grows with the number of nodes, so adding nodes trades speed for decentralisation.
Throughput is capped by each nodeEvery consensus node processes every transaction, so the whole network can go only about as fast as one node's bandwidth and processing allow.
Distance sets a floor on finalityNodes spread across continents must exchange several rounds of messages; signals need tens of milliseconds to cross the globe, so final settlement can't drop much below a second or so.

How it works

4 parts

Gossip

Gossip about gossip

Each node repeatedly syncs with a random peer, passing on new transactions plus a record of who it heard from and when. News spreads fast across the network.

Voting

Virtual voting

Since every node holds the same gossip history, each can work out how the others would vote. Order is agreed without sending any vote messages.

Finality

Final in seconds

Once ordered, a transaction is final: no forks or reorgs to wait out. It stays correct even if attackers delay messages, as long as 2/3 of nodes are honest.

Data

Block Streams and Block Nodes

All network output is bundled into signed blocks and pushed to Block Nodes, which store and serve history in place of big cloud-bucket downloads.

Spec sheet

Spec	Hedera network
HBAR transfer fee	$0.0001^R (reported)
Token transfer fee	$0.001^R (reported)
Consensus message fee	$0.0008^R (reported)
Accounts (Sep 2026)	10M+^R (reported)
Fault tolerance	Safe while more than 2/3 of nodes are honest^R (reported)

^R reported by the company

Update log

5 updates

About Hedera

The team behind Hedera network

Hedera

Hashgraph public ledger, council-run

Hedera is a public ledger run by a council of 30+ large organisations, including Google, IBM, Dell, Deutsche Telekom and FedEx, which each operate a network node. It uses the hashgraph consensus method instead of a blockchain and charges fixed, dollar-priced fees.

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.

hedera.com (opens hedera.com)Company profile →

Headquarters: United States
Status: Private
Valuation: private
Works in: CryptoBlockchains (L1s)
Coverage: 1 program · 5 updateslatest 30d agochecked 11 Oct
Partners: FedEx (opens newsroom.fedex.com)GoogleIBMLF Decentralized Trust (opens lfdecentralizedtrust.org)
People: Tom Sylvester (opens hedera.com)President, Hedera CouncilMance Harmon (opens hedera.com)Co-founder; Chairman, Hedera Council (from July 2025)Leemon BairdCo-founder; inventor of hashgraph

Spec

Hedera network

HBAR transfer fee

$0.0001^R (reported)

Token transfer fee

$0.001^R (reported)

Consensus message fee

$0.0008^R (reported)

Accounts (Sep 2026)

10M+^R (reported)

Fault tolerance

Safe while more than 2/3 of nodes are honest^R (reported)

Hedera network

Milestones

Most important updates

Upcoming

Current obstacles

Physics limits

How it works

Gossip about gossip

Virtual voting

Final in seconds

Block Streams and Block Nodes

Spec sheet

Update log

Fri 11 Sep

Fri 13 Feb

Mon 8 Dec 2025

Thu 24 Jul 2025

Mon 16 Sep 2024

About Hedera

Current obstacles

Physics limits

How it works

Gossip about gossip

Virtual voting

Final in seconds

Block Streams and Block Nodes

Spec sheet

Update log

Fri 11 Sep

Fri 13 Feb

Mon 8 Dec 2025

Thu 24 Jul 2025

Mon 16 Sep 2024

About Hedera