Hashgraph is a world changing technology. It is an alternative to traditional blockchain systems by addressing some of their limitations. It solves some major problems of blockchain like scalability, consensus speed and energy efficiency. Hashgraph is a distributed consensus algorithm. It aims to provide a more efficient and secure way of achieving agreement in a network of nodes. It is different from traditional blockchains like use of Proof of Work (PoW) or Proof of Stake (PoS) mechanisms. Hashgraph uses a unique approach called "Gossip about Gossip" combined with virtual voting to achieve consensus. Basically nodes in the network communicate with each other by exchanging information about their interactions.
This information is then used to determine the order of transactions and events. It has impressive speed of achieving consensus. In a traditional blockchain, transactions are grouped into blocks and the process of confirming transactions. After all done it is then added to the blockchain. It take time. This delay is a bottlenecks of blockchain but hashgraph doesn't require blocks and processes transactions in a more streamlined manner. So the confirmation time is fast. It is suitable for applications that require real-time transaction processing.
Traditional blockchains often struggle with scaling as the number of participants and transactions increases but Hashgraph's unique consensus mechanism enables it to scale more efficiently. Basically each node in the network can independently confirm transactions. Hashgraph boasts energy efficiency as a key advantage. Traditional PoW-based blockchains require big amount of electricity. Hashgraph's consensus algorithm doesn't rely on resource-intensive mining processes.
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I had no idea about Hashgraph. I enjoyed reading your post. Best wishes to you.
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Thank you so much for your valuable feedback
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Welcome ♥️♥️♥️
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This is a nice post on hashgraph that you have written, thanks for sharing with us 😊👍
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Thank you so much
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You are very much welcome dear friend, keep making quality post 😊
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Hashgraph is a great content done by you.. There are so many awesome things to know.
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