Hedera Hashgraph is a public network based on distributed ledger technology (DLT), developed for businesses and companies as a platform for decentralized services and applications. Hedera positions itself as a third–generation public network, the next stage in the development of bitcoin and Ethereum. The strengths of the project include high scalability, security, smart contracts, energy efficiency and low usage fees.

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Part 2 of the 4-part series looks at the more decentralized architecture models and options for managing a token using #HCS application networks. In this article, you'll learn more about their potential trade-offs before diving into the code: 
https://www.hedera.com/blog/exploring-tokenized-assets-on-hedera-consensus-service-part-2