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Developer of the hashgraph consensus algorithm that powers the Hedera network for decentralized applications.
Swirlds develops and licenses the hashgraph consensus algorithm, which underpins the Hedera network, for decentralized applications in finance, supply chain and digital identity. It charges businesses fees based on transaction volume or usage for APIs covering account creation, token minting and smart contract execution. Founded in 2015 in College Station, US, the company raised USD 3 mn in seed funding led by New Enterprise Associates in September 2017.
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