Hashgraph Consensus: Improving Blockchain Speed and Security
Hedera Hashgraph is an alternative platform that provides faster performance and higher security for blockchain. This technology aims to be a more efficient system, eliminating some of the problems faced by traditional blockchain platforms, such as slow and unstable performance.
The basic system in HASHGRAPH is DAG which has transactions of 100,000 transactions per second or more, so this system is a serious competitor to Visa or other authority payment systems.
- IMPLEMENTING THE HASHGRAPH CONSENSUS MECHANISM
Hashgraph consensus uses a gossip protocol, which is then used in the Hedera blockchain platform. Blockchain participants convey information called messages using protocols about transactions, and they also share information about messages. When participants add information about previous gossip to each current gossip message, the collaboration history of this gossip event is maintained.
- UTILIZING THE POWER OF GOSSIP
Harnessing the Power of Gossip Technically, in the case of blockchain, rumors are messages that each participant repeatedly conveys to other randomly selected experts, telling them everything they know about a transaction. Can be used to send various information that needs to be spread, such as rumors about user identity, company management, or blocking rumors.
Gossip Protocol is a decentralized communication system where nodes will share information with neighboring nodes. After a node receives new data, it will spread it directly to neighboring nodes, the system will continue continuously until it is formed like gossip. The benefits include scalability, redundancy and failure recovery, this aims to reduce the load pressure on the central server network in terms of disseminating information. This protocol is commonly used in blockchains, and sensor networks or in other systems, and creates an easier way to share information and verify data in a decentralized way.
The advantage of a decentralized system is the autonomous distribution of information between nodes that work uniformly, avoiding risks and security breaches. This system provides high security because all nodes work in the same way, preventing potential attacks and tampering. By effectively distributing information between nodes, it ensures high speed and optimal scalability. However, the downside is that nodes may fail, although this does not affect the overall distribution of information. If malicious messages are not detected in time, there is a potential risk of decentralized system failure.
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