What is Hashgraph PDF Print E-mail
Written by Wayne   
Sunday, 12 November 2017 07:07
What is HashgraphBlockchain technology emerged in response to the collapse of several banking institutions in 2008. It proposed a new monetary system intended to take away the control of money supply, relying solely on a peer-to-peer electronic cash system, designed specifically for the digital realm. This online currency system was believed to be a better monetary system until some started talking about Hashgraph. Hashgraph is said to be a more robust system. Its consensus algorithm provides a new platform for distributed consensus. Some of the attributes commonly used to refer or describe Blockchain are distributed, transparent, consensus-based, transactional and flexible. Hashgraph bears all these features. However, it is a data structure and consensus algorithm that is much faster, fairer, and more secure than blockchain. It is described as future of distributed ledger technology. It uses two special techniques to achieve fast, fair and secure consensus. Blockchain technology is an incorruptible digital ledger of economic transactions. However, it can be programmed to record not just financial transactions but virtually everything of value. Information held on a blockchain exists as shared and is continually reconciled/updated. This ensures the records/data it holds are identical across the network and not stored in any individual location. As such, the blockchain cannot be controlled by any single entity. Second, it has no single point of failure...A detailed explanation can be found on OUR FORUM.