together known as the “Governing Council”. The council comprises

of the world’s leading organizations as well as the leaders from many

different business verticals. Some of these organizations are Avery

Dennison, Boeing, Chainlink Labs, Dentons, Deutsche Telekom,

DLA Piper, EDF (Électricité de France), eftpos, FIS (WorldPay),

Google, IBM, the Indian Institute of Technology (IIT), LG Electronics,

the London School of Economics and Political Science (LSE),

Magalu, Nomura Holdings, Shinhan Bank, Standard Bank Group,

Swirlds, Tata Communications, University College London (UCL),

Wipro, and Zain Group.

Unlike Bitcoin and Ethereum, Hedera Hashgraph is not composed of

blocks, and therefore it’s not a Blockchain. Rather, Hedera

Hashgraph is a special graph-like structure that uses the events to

share the information with each other.

Hedera uses two different concepts, i.e. “gossip about gossip” and

“virtual voting” to create a similar level of transparency and

immutability features as the Blockchain has with a far greater

efficiency, scalability, and throughput, as shown in Figure 3.1 as

follows: