Is Hashgraph truly a blockchain killer ? is this the new Distributed ledger technology of our time ? In this video i break down what exactly is hashgraph, how it works and the sophisticated consensus system is uses in comparison to the various blockchain consensus systems that are being utilized today.
What is HASHGRAPH ?
Hashgraph is a distributed ledger technology that uses a decentralized consensus system to process transactions.
How does it work ?
Using a gossip protocol, nodes efficiently and rapidly exchange data with other nodes in the community. This automatically builds a hashgraph data structure using the novel “gossip about gossip” protocol. This data structure is cryptographically secure and contains the history of communication in a community. Using this as an input, nodes run the same virtual-voting consensus algorithm as other nodes. The community reaches consensus on the order and timestamp without any further communication over the internet. Each event is digitally signed by its creator.
Keywords:
Distributed ledger
distributed ledger technology
gossip protocol
sharding
BFT
Byzantine fault tolerance
bitcoin
ethereum
blockchain
public ledger
POS
POW
DPOS
proof of work
proof of stake
delegated proof of stake
mining
staking
crypto
cryptos
crypto currency
ico
icos
coins
consensus model
consensus system
bandwidth
blockchain infrastructure
high performance blockchain
asynchronous
credits
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