Is blockchain already a deprecated? I just learned about Hashgraph. It seems a very promising evolution of blockchain solving several issues. It promises being able to process several 100'000 transcations per seconds.
Hashgraph with its inventor Leemon Baird claims to have solved the problem of distributed consensus.
Different to blockchain hashgraph is not a chain it is a graph. The graph is build together by adding to every transaction an information of when and from whom the last transaction was recieved (in two hashes) called gossip. This information seems to also include votings of the community about previous transactions so that the current node can come to an consensus without speaking to other nodes (reduces bandwidth massively). (asynchronous byzantine fault tolerance).
Hashgraph promises as well an increase of fairness in terms of order of transactions. In their view blockchain isn't that fair as miners decide which transactions to include into a block and in which order those transactions are in that block. That is a problem in transaction critical use cases e.g. auctions or stock market.
To me this seems to me like a major evolution of the blockchain technology solving major challenges of the current technology. To be honest I don't get it in full yet but I will study hashgraph and share my knowledge as soon as I am up to speed.
For those who want to go also in detail here is a good overview of hashgraph on youtube The Future is not Blockchain. It's Hashgraph.
Have you heard about it before? What are your thought on it?
I have never known about this... The blockchain is now so intricate thus hard to comprehend and now there's Hashgrapgh which looks and sounds considerably more unpredictable
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Thanks for sharing ♥ UPVOTE and REESTEMED
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I've never heard of this before... The blockchain is already so complex and so difficult to understand and now there's Hashgrapgh which looks and sounds even more complex :D
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wow wonderful post, good work, thanks for sharing
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WOW, never heard of it! Thanks for letting us know! Upvoted and resteemed!
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very nice post, thanks for sharing
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I am just seeing it in your blog for the first time and i am about doing readings from the links you posted and i will do more research on it....Thanks for the knowledge shared @famunger
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It is about making you think from a different perspective..
It is about writing without any expectations of UPVOTES..
Excellent post good analyses thanks for sharing.
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I've been reading up on Hashgraph in the last few weeks. The tech promises to be very interesting, solving the current scalability challenges we have with blockchain. That, while still providing the security needed through their Asynchronous Byzantine Fault Tolerant consensus mechanism.
It is however very closed and private (permissioned network) so far. We first need to see this in the real world with real challenges. I believe also the 'swirlds' tech is patented.
So to me it feels very 'corporate'. Even though it sounds interesting, I somehow don't like it because of that :-P
I will keep a close eye on the project and we'll see where it goes.
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Highly rEsteemed!
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naver heard of it
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Great post! Hashgraph is a truly revolutionary technology. Have you had a the chance to check out the recent changes made to their website? It looks like there is an announcement coming out soon.
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