No, Council members are not required to build applications on the Hedera network. Companies are generally seeking to join the Council because it provides them with a leading role in the management and development of what could become a transformative technology. Council membership will allow them to have a front-row seat in understanding advanced distributed ledger technology and use cases. There is no requirement for Council members to use Hedera network services. We would note, though, that all Council members to-date have expressed an interest in exploring the development of distributed applications on the Hedera network.
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Articles in this section
- Who is the new president of Hedera Council?
- Will the Hedera Council provide an additional grant to the HBAR Foundation in connection with the previously announced leadership changes?
- Who can serve on Hedera’s Board of Directors?
- What happens if a Director’s employment status or affiliation with a Council member changes during the Director’s term?
- Are Hedera Committee Chairs required to be affiliated with Council members?
- Why did Hedera create a new role of President, and what does it mean that Brett McDowell is now the Chair and President?
- When will the payments be made from Hedera to Swirlds Labs, as part of the previously announced outsourcing agreement?
- Board Compensation at Hedera
- How would Hedera comply with a Government sanction?
- Can the Council freeze an account or roll back a transaction?