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Keynote: Hedera Cryptoeconomics with Dr. Leemon Baird | Hedera18

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YouTube Video
https://youtu.be/nUiqR7oJS9I

Speaker
Dr. Leemon Baird | Co-Founder and Chief Scientist | Hedera Hashgraph

Abstract
Dr. Leemon Baird, Chief Scientist & Co-Founder at Hedera Hashgraph, will discuss the cryptoeconomics of Hedera hashgraph, including details around proxy staking, fees, and node payments on the Hedera public network. He’ll also touch on some of the obstacles of cryptoeconomics seen across all distributed public ledgers, and how Hedera Hashgraph overcomes them. In his closing, both Leemon and Mance will be unveiling further details of governance and operations of the initial Hedera Hashgraph Council members and their associated committees.

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Keynote: Hedera Cryptoeconomics with Dr. Leemon Baird | Hedera18

  1. 1. Dr.Leemon Baird Co-founder + Chief Scientist
  2. 2. Cryptoeconomics
  3. 3. CRYPTOECONOMICS Fees Client 
 to network Payments Network 
 to staking 
 nodes / users Data Micropayments Client 
 to mirror 
 node / node
  4. 4. CRYPTOECONOMICS Hedera Network • Multiple nodes • Fully connected
  5. 5. Transaction Transaction • Cryptocurrency • Smart contract • File storage CRYPTOECONOMICS
  6. 6. Transaction CRYPTOECONOMICS Spreads by gossip
  7. 7. CRYPTOECONOMICS Query Response Query • Get Info • Get Receipts • Get Records
  8. 8. Client Node Transaction Fee HEDERA FEES
  9. 9. HEDERA FEES Node Fee Client Node Transaction Fee Network Fee Service Fee Node Fee
  10. 10. HEDERA FEES Node Fee Client Node Transaction Fee Network Fee Service Fee Node Fee
  11. 11. HEDERA FEES Network Fee Client Node Network Fee Service Fee Node Fee Transaction Fee
  12. 12. HEDERA FEES Client Node Transaction Fee
  13. 13. HEDERA PAYMENTS Node
  14. 14. HEDERA PAYMENTS Node
  15. 15. HEDERA PAYMENTS Node Node Payment
  16. 16. HEDERA PAYMENTS Client Node Node Payment
  17. 17. HEDERA PAYMENTS Client Node Proxy Stake Node Payment
  18. 18. HEDERA PAYMENTS Node Payment Node Proxy Stake Client Proxy Payment
  19. 19. DATA MICROPAYMENTS Query Response Client
  20. 20. Query to a mainnet node • Get account balance • Get file contents • Get record of smart contract call result • Get state proofs Client DATA MICROPAYMENTS Query Response
  21. 21. Query to a mainnet node • Get account balance • Get file contents • Get record of smart contract call result • Get state proofs Query to a mirror net node • All the above node queries • Get historical information • Pub/sub to be informed of transactions • Pub/sub to be informed of smart contract events • Subscriptions to push info • Queries could be free to some users/orgs Client DATA MICROPAYMENTS Query Response
  22. 22. SUMMARY Fees Client 
 to network Payments Network 
 to staking 
 nodes / users Data Micropayments Client 
 to mirror 
 node / node
  23. 23. THE TRUST LAYER OF THE INTERNET

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