Steemit Crypto Academy Week 15 || Homework Post for @pelon53 || Hashgraph Technology by @sshila

How is everyone? Hope everybody is doing well. I came back with a new homework. I'm going to do Steemit Crypto Academy Week 15 Homework Post for @pelon53's Hashgraph Technology post on this topic. Hopefully, as far as I understand from the professor's lecture, I can share it with you. Forgive me if I have made a mistake.

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Introduction to Hashgraph Technology :

One of the many types of technology we see today is Aztec technology. This allows cryptocurrency activities to be performed much more accurately. And it contributes to the innovation of cryptocurrencies, which are much better than the initially distributed cryptocurrency summer standard. Online technology is now being used more and more as the hand of transactions everywhere so large transactions are being done every second through this technology of hashtags and it plays a vital role for secure transactions in high scalability network. These networks employ some algorithms such as Proof of Work (POW), Proof of Stack (POS).

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Explain in details the gossip protocol, used in hashgraph?

Every task is managed through a protocol. Similarly gossip protocol works for hashtag technology. If a transaction is made on a network of this technology, all the transactions are performed through this protocol and the data is transmitted using gossip protocol. The gossip protocol works using their own method in which they are able to send random data from one node to another node of the system. It uses the protocol to send all the data that a transaction contains.

The gossip protocol not only does one thing that it sends from one node to another node but it also plays many different roles in data analysis. For example, when a transaction occurs, the node collects all the information about the status of the note and what is working before sending data from one node to another. In a word, it is a protocol skill and very fast. All connected networks play a role in increasing efficiency. The most important thing is that in the gossip protocol, as long as there is no problem with the existing electrical nodes in the network, the network of this protocol does very fast during the Dhaka train which is very important. Since it delivers data very quickly when sending transaction information, this gossip protocol of hashtag technology also plays a role. And this is a very acceptable protocol.

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Make a comparison between Hashgraph Vs Blockchain, for a voting process in your country. Which technology would you choose? Why?

• Scalability : In the scalability indicators we see that the hashgraph is able to send data very quickly during the transaction without any delay in the validity of the specified time and has the ability to carry a lot more transactions. And most of the time it is seen that when the transaction takes place, the transaction time is delayed due to the bones of their specific process.

• Security : Due to the use of Hashgraph Technology gossip protocol, the data that is sent during the transaction is much more than it is. In this case, since the transaction data is transmitted to all the nodes in the entire network, it becomes much harder if the transaction is made by a call or if the user wants to change the transaction. Although it promises better protection, it is seen to be confined to the blockchain.

• Speed : Hashgraph technology transmits their data very quickly without any delay in legitimizing the transaction. In this case their transaction speed is like 10,000 TPS and there is no delay. Everyone knows that the speed of a blockchain type of transaction depends on the type of algorithm used which determines the speed of (POS) or (POW) transactions. In this case we know that the speed of transactions in blockchain is a bit slower than hash graphs.

• Overall Efficiency : As for its overall efficiency, it must first be said that it is many times more efficient than the blockchain, and the points on it have all been mathematically analyzed and each has been proven and proved to be more efficient than the hashgraph feature. . In this case, the mathematical proofs may be analyzed in the future. Any decision can be easily made using hashtag technology and their opinions can be obtained from virtual users using this technology. If voting system using hashgraph technology is introduced in my country then I think it will be a very big initiative and the virtual solid system will perform very well in this case it will be possible to take a decision in a very short time.

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Explore Hedera hashgraph, show screenshots :

The Hedera hashgraph website is approved hashgraph technology and the hashgraph technology is used to reach asynchronous Byzantine Faults tolerant consensus. I will be showing us screenshots as i explore the Hedera Hashgraph website.

• Go to the link https://hedera.com/token-service
• Login
• After entering the page, you will see three lines at the top. Click there.

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• Then it gives you a display of the following items:

1. Network
2. Devs
3. Use cases
4. HBAR
5. Governance
6. About

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After going to Network option you will see that there are many services waiting here. First of all there is talking service then you can see consensus services. Which you can get by going to the network options. You will also find some more information that may be useful to you.

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After clicking on the Devs option, you will see that there is a place called Dodge from where you can get some information and below is a section called Harddix where you can select which language you want to use. And with some resources are offered.

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• After clicking on the Use cases option, you will see the following parts.
  PAYMENTS: Has potentials to reduce cost and unlock new revenue.
  TOKENIZED ASSETS: Ability to Manage and swap assets like never before.
  FRAUD MITIGATION: Reduce costs and protect customers.
  IDENTITY: Maintain the lifecycle of credentials.
  DATA COMPLIANCE: Log and publicly verify actions.
  PERMISSIONED BLOCKCHAIN: it encourages users to Create private ledger with public trust.

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• We have the following for HBAR option

Overview: Learn about Hedera Cryptocurrency HBAR.
Account Creation: Create a new Hedera Mainet account instantly.
Wallets and Exchanges: Find HBAR supported wallets and exchanges

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You will then see the information when you click on the Governance option. Tells us the build up found in the Hedera.

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Now when you click on the About option where some information about the website will be given.

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Finally, I would like to say that Hashgraph technology is a remarkable technology which is able to huge amount of transaction information in a short period of time and it is a highly effective technology which is much better than blockchain. I especially thank my professor @pelon53 for learning so much from this lecture.

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