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

I am very happy that I am going to do homework for Crypto Academy Season 2 Week 8 Homework Post for (@pelon53) - Hashgraph Technology. This is a really great topic. We will discuss some of the coins that Professor @pelon53 gave us. Here are three questions I will answer.

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Introduction to Hashgraph Technology :

One of the most amazing discoveries in the world so far has been the blockchain on which countless businesses depend. All kinds of online related businesses are benefiting from this for which they have never thought of any other alternative but there is an end to everything just like blockchain technology and some obligations. For which technology is currently used as an alternative technology. Its ultimate goal is to reach the best technology. It is used as an alternative to blockchain technology because it is able to handle a large number of transactions in a very short time.

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Explain in detail the Gossip protocol, used in Hashgraph.

By protocol we mean a road that we use to perform our tasks. Here the hashgraph technology uses a protocol called gossip protocol. Using Hijra technology, transactions that take place in a very short period of time can transmit information and data from one node to another through a network using its protocols. Using this protocol capable of making multiple transactions in a matter of seconds.

If I were to give you an example of the gossip protocol, I would like to explain to you how the data is spread, so I can tell you that we see a lot of miscommunication everywhere now. For example, if you say something to someone, the same thing will happen when you say the same thing to another person, and when that person says the same thing to another person, he will turn away from the word, so it will spread very fast and spread to different places through different means. The gossip protocol follows the practice of spreading a notoriety or reputation, and in this case spreads it to different nodes using the same network.

So the use of gossip protocols in hashgraph technology is essential. It allows a large number of transactions to be made in a very short time and its security system is of such a high standard that it is possible to avoid any kind of intimidation.

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Explain Tolerance to Byzantine Faults in Hashgraph.

In the protocol we use in the hashgraph technology, we transmit the information in the transaction through different nodes to different nodes. In a word, Byzantine fault tolerance can be maintained if any one of the networks is flawed and if the development is flawless. The hashtag is an uninterrupted Byzantine adaptation to non-critical failure that essentially indicates that there is a substantial exchange when a merchant agrees through a center of the network. And there the thing is established in such a way that the investment will be legitimate. The Byzantine issue here is a situation where the frustration of one of the hubs may not be recognized by the other useful hubs. So when we see that the hashgraph technology prefers to be open all the time about non-concurrent Byzantine errors, it simply suggests that the convention exchange can only be examined if there is a sensation between the various hubs of the organization. In addition, it is additionally ensured that when one-third of all out-hubs are thus reduced, the exchange reaches at least 2/3 of the centers in isolation to legitimize the exchange with that goal. The offbeat Byzantine adaptation to the non-critical failure of hashtags, including the ability to reach and reach Quantum with the inhabitants of network space, is seen as the most fundamental basis of the Byzantine format.

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

Security:

Usually in blockchain we see many types of attacks. We do not find it easy to resist these attacks. But hashgraph technology has proven that they are capable of protecting against many types of attacks such as Didos and Sibyl. It also uses protocols that increase the security of data scattering.

Cost :

When we name a cousin, we first determine how much it might cost, then we think about it. We all know that blockchain businesses usually cost a lot more. This is because of the amount of expensive devices used in it which makes it costly. But hashgraph technology doesn't have to cost that much because I believe that if we think about voting, the amount of money that is spent on blockchain technology will not be so much feared.

Speed:

One of the problems with blockchain technology is its scalability. We all know that blockchain technology is taking up a lot of space right now because it allows all online activities to be done by ear and transactions are going to be very easy but it is also known that blockchain technology can do 3-7 transactions per second but at the same time hashgraph The technology is capable of transacting many times more raincoats and without any delay. In this case we can see that its speed is many times higher than that of blockchain technology. And people will soon increase its use even more.

Overall Efficiency :

Hashgraph technology is a technology that is currently receiving a lot of response through the use of gossip protocols and which is moving forward by keeping the blockchain down. The working capacity is increasing so much that it has the ability to do a large number of transactions per second. And its security has increased so much that it has proven that technology is able to keep itself away from many types of attacks. We all have ideas about how to use it because voting is done in different countries of the world and many big decisions are made. Which I also want to introduce in my country because it is very easy to make big decisions and get information from everyone. At a rate that is growing at the moment, I think there will come a time when the use of every country in the world will increase and the voting system will depend on it.

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Explore Hedera hashgraph, show screenshots :

If we want to know about Hedera hashgraph then we have to enter this link first https://hedera.com/token-service. And will have to login to this website later. After logging in, there will be a click-like option at the top right. After clicking there, it will show you a few options.

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Then it gives you a display of the following items:

• Network
• Devs
• Use cases
• HBAR
• Governance
• About

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Network:

• Token Service : Mint and configure tokens and accounts.

• Consensus Service : Verifiable timestamps and ordering of events.

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Devs :

• Docs : Learn core concepts and review the API.

• Hedera SDK : Find your favorite language.

• RESOURCES

• Integrations : Plugins and microservices for Hedera.

• Fees : Understand and estimate transaction costs.

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Use :

• 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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HBAR :

• 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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Governance :

• Governance tells us that Hidera received build-up

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About :

• Here is some important information about the website that anyone can find out from here.

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Conclusion:

It was a really great lecture for me. From here, I have been able to get a lot of ideas about Hashgraph Technology and understand a lot. What kind of protocol does it use, what kind of security system does it have and also learned much more speed from Hashgraph Technology blockchain technology. I would like to thank our professor @pelon53 for sharing such a lecture with us.

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