Hashgraph Technology:

in #vincentb6 years ago (edited)

This is for the users for awareness in Blockchain and Hashgraph technology only.

Hashgraph is data structure and consensus algorithm that is:

Fast: With a very high throughput and low consensus latency
Secure: Asynchronous Byzantine fault tolerant
Fair: Fairness of access, ordering, and timestamps

These properties enable new decentralized applications such as a stock market, improved collaborative applications, games, and auctions.

This is what the website says about the Hashgraph technology.

Features:

Now one of the website says about this :

And that’s another interesting point about blockchain: Nothing is truly Byzantine fault tolerant. When you go to check on a transaction on the blockchain, there is never a moment when a transaction has come to 100% consensus. We just come to agree that it is true after about 6 confirmations. Hashgraph would guarantee confirmation after the first message.

While the numbers aren’t out yet in terms of transactions per second, it is said by the Hashgraph community to be much larger than anything we’ve seen. From reading the whitepaper, I would imagine it’s comparable to Visa.

Miners:

Because Hashgraph is a totally different concept from the blockchain, it will not use any proofs like PoW or PoS. Since all nodes contribute, there isn’t much need to incentivize through fees. This will also make Hashgraph viable for micropayments, as the fees will be minimal.

Open Source:

Currently it is not open source, but still is in its early stage.

Hashgraph is currently working on a cryptocurrency that will be built on the Hashgraph public ledger in the near future.

"These views are from the Hashgraph website."

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