The Hedera Consensus Service (HCS)
I started this leg of my journey by going over the Hedera Consensus Service white paper. After going through it a couple of times, I decided I needed more information. Though informative, the information is a bit too brief for my purposes. I’m looking at this from a developer’s utility viewpoint, and while there is interesting content in the white paper, and the basic facts about the HCS are present, there’s not enough solid “here’s how” or even “here’s why” content to get me going. I ended up finding a better resource. Before I write about that, though, I think it prudent to go over briefly what I found in the white paper. What is the HCS? The HCS provides the timestamping and ordering of all events on Hedera. Using the hashgraph consensus algorithm, it guarantees fast, inexpensive, secure and disinterested consensus. There is (at this writing) a main network of 27 decentralized nodes that actively participate in the consensus (the mainnet). Augmenting ma...