Hashgraph is a superior consensus mechanism/data structure alternative to the blockchain. A decentralized platform without servers built on Hashgraph technology will enable blockchain use cases to run:
=> Fast: It’s fast. VERY fast. But don’t just trust us- formal results are underway.
=> Fair: Mathematically Proven Fairness (via Consensus Time Stamping)
=> Secure: Bank-Grade Security (Asynchronous Byzantine Fault Tolerant)
In short: Hashgraph is a data structure and consensus algorithm that is faster, fairer, and more secure than blockchain.
What is Hashgraph and how will it replace The Blockchain?
Note: Join the Telegram group to ask questions and stay updated: https://t.me/hashgraph
How is Hashgraph different?
There are five different approaches to reaching distributed consensus.
Firstly we have Proof-of-Work, which started with Bitcoin.
The second is leader-based systems like PBFT, Raft, and Paxos.
Then there is economy-based, commonly referred to as Proof-of-Stake, where forgers stake cryptocurrency on votes in order to reach consensus.
Then, there’s voting-based which are too slow to be used in real systems.
Finally, there’s Hashgraph, which uses virtual voting and is incredibly efficient because it does not actually send any votes over the internet.