Will Hashgraph Destroy Blockchain?

By Hobo Joe from Hobo.media

What is Hashgraph and should you even care? Well, Hashgraph is an innovation, there is no doubt about that. Hashgraph is fast, boasting a 250,000 transactions per second rate, energy efficient and mathematically fair with its new gossip protocol.

The Gossip protocol is quite clever. Each node on the Hashgraph network shares with random strangers "events" or secured data acting as the standard trustless ledger on all transactions on the network. Gossip will continue spreading in like manner with these strangers as new events become created and passed on to be gossiped about until all nodes are up to date about all events that have occurred on the network. Proof-of-work and proof-of-stake are needless here, and the network is pretty secure.

Here's the rub, Hashgraph is privatized. Its a private distributed ledger, which means its not that different from a private blockchain. In fact, when you compare Hashgraph's 250k transactions a second to Red Belly's 400k transaction rate, it's kind of a big blah. It is permissioned and simply not a trustless design.

Do we need it to be trustless? Decentralized, autonomous and trustless systems are good because they aren't easily turned into a tool for abuse. Absolutely no power corrupts absolutely nothing, and that's very good. Is Hashgraph the blockchain destroyer? I think not.

Side Note:

Help yourself and support my, Blake Letras' effort to give you free stuff! I believe in the future cryptographic utopia of the blockchain, and one thing out there that can really change the world is Brave Browser. Why?!?!?! Youtube and the internet are full of ads and trackers, it kind of really sucks, but try using YouTube once with Brave and you'll be hooked. No ads, yeah, its awesome, plus no tracking. Toss in DuckDuckGo as your primary search engine and even the search ads go bye bye. Save time, save data, spend them on yourself.

Brave is 100% free to use, folks, why not try it? Give Google the birdie wave and go Brave!

or click here:

https://brave.com/for042 Click it, good... I'm proud of you!