Hashgraph Online DAO: Genesis
We're thrilled to announce that the Hashgraph Online DAO LLC is now officially established! This marks a pivotal step towards building a fully on-chain internet utilizing Hedera's Consensus Service (HCS) to interconnect data on various blockchains.
"The establishment of Hashgraph Online is more than just an organizational milestone; it represents the first step in building a new digital infrastructure, fully on-chain, open, and accessible to all." - Michael Kantor, President, Hashgraph Online
Our Mission
Hashgraph Online DAO LLC is a consortium of leading organizations on Hedera. Our mission is to construct a true decentralized internet built with Hedera's robust Consensus Service as the backbone, with a commitment to openness and transparency. We're approaching this through three key strategic pillars:
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Creating Standards We've established standards like HCS-1 and HCS-20, which have processed millions of transactions. We're continuing to develop new standards to address evolving challenges.
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Open Source Development Our open-source tools and applications are designed to facilitate the growth of this new internet infrastructure, ensuring that all participants have access to a transparent and resilient ecosystem.
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Building Products and Services We are committed to developing products and services that will enable seamless user experience and accessibility to the decentralized internet, ensuring long-term value and sustainability for our DAO.
"The DAO's commitment to open-source development not only democratizes access but also fosters a spirit of innovation essential to redefining what's possible with an on-chain internet." - Brandon Davenport, Director of Communications, Hgraph
Our Story
Hashgraph Online's journey began on January 4th, 2024, with the creation of HCS-20, the Auditable Points Standard on Hedera. Pioneered by Turtlemoon, this groundbreaking specification for minting, transferring, and burning points has contributed to over 18 million transactions on the mainnet.
The success led to further innovation with HCS-1 and HCS-5 on March 5th, 2024, developed by KiloScribe, Turtlemoon, SentX, and HashPack. These standards enabled secure, on-graph storage and "Hashinals," generating over 141,000 NFTs and 7.6 million additional transactions.
From there, we collectively decided to form a legal entity, Hashgraph Online DAO LLC, composed of leading organizations in the Hedera ecosystem, to further develop the ecosystem and create a fully on-chain internet.
Founding Members
Today, we're proud to announce our founding members:
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Bonzo Finance: The Liquidity Layer of Hedera — an open source, non-custodial lending protocol based on Aave, designed to facilitate the lending and borrowing of digital assets.
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HashPack: The leading wallet on Hedera and the gateway to services and assets across the entire Hedera ecosystem. From DeFi swaps and staking to web3 gaming, NFTs and tokens, HashPack is the secure, user-friendly go-to for the hashgraph community.
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Hgraph: A trusted software engineering firm and Hedera mirror node provider. For enterprise, startups, and developers.
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LaunchBadge: A software engineering company dedicated to fostering excellence at the cutting edge of technology. We believe that the future of software is in the hands of those who are passionate about innovation.
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SentX: The leading NFT Marketplace on Hedera to buy, sell, and discover digital collectibles.
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KiloScribe: Effortless storage and retrieval of on-graph files - empowering developers, creators, and influencers to build on-graph.
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Turtlemoon: Creating web 3 platforms, services, and applications using Hedera.
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Builder Labs: A software engineering firm specializing in building products on Hedera.
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HashGate: A reliable non-custodial payment gateway, combining speed, security, and simplicity.
"Together, we are laying the foundation for a new type of on-chain internet—one that is secure, equitable, and decentralized." - Patches, CEO of Turtle Moon
The Foundation: Hedera Consensus Service
At the core of our initiative is the Hedera Consensus Service (HCS). Its speed, fairness, and security provide a robust foundation for our standards, which have already facilitated millions of transactions. We've already proven that HCS is a viable and secure foundation for a decentralized internet, in fact a number of use cases found on our website are already live.
Looking Ahead
This launch is just the beginning. We will:
- Develop new standards and maintain open-source tooling
- Enhance cross-chain data referencing standards for HashSites, create innovative products like a Browser and Hashgraph Package Manager
- Prepare for the launch of the Hashgraph Online Token
"Hashgraph Online is a movement that has its roots in open collaboration and co-development across the entire ecosystem. This is a group that is pushing the limits of Hashgraph and Web3 technology." - May Chan, HashPack CEO
Join Our Effort
We welcome organizations, developers, and enthusiasts who share our vision for a fully on-chain internet. If you're interested in contributing or learning more, please visit our website and sign up for our newsletter or dive into our Standards and Use Cases. We look forward to working with developers, enthusiasts, and organizations to build the future of the internet together.
Thank you for your support as we embark on this exciting journey to reshape the internet.
The Hashgraph Online DAO Team