V1 | Last Updated June, 2021 HEDERA HASHGRAPH, LLC UNDERSTANDING DECENTRALIZATION OF HEDERA HASHGRAPH Decentralization of consensus: The path to permissionless network nodes01. INTRODUCTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 02. DECENTRALLZATION OF CONSENSUS: THE PATH TO PERMISSIONLESS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 The path to permissionless network nodes 4 Widespread distribution of hbar cryptocurrency 9 Staking and proxy staking of hbars 10 03. CONCLUSION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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