Do you know the Hashgraph Technology in Crypto?

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Hashgraph technology is a decentralized consensus algorithm which is considered a great competitor to block chain technology and guarantees greater security and high performance in its operation. The harsh graph technology project is based on directed acyclic graph using distributed ledger as a basis that is its structure is very much similar to that of a graph where information from all nodes communicate and create a connection with each other.

These information are stored in events and distributed quickly to avoid attack on a computer on the platform since it is asynchronous consensus mechanism. In this hashgraph technology, there is no need for miners to validate information. It uses consensus protocol that is based on virtual voting which is supported by the Gossip protocol.

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With this system, the heart graph works more efficiently than other protocols which includes proof of work and proof of stake. This gossip protocol as mentioned Elias producer information quickly and reliably carrying out computer -to-computer communication through nodes. This technology offers high security and scalability and doors are open to an improvement of decentralized technology of which many desire.

The heart graph technology system is still under development and some of the features have not been fully tested. Some of the characteristics are;

• Security: cash grab uses Asynchronous Byzantine fault tolerance to secure better on the network preventing malicious people from manipulating system data. Once the transaction is confirmed, it cannot be changed or reversed at any point.

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• Transactions are first using a consensus protocol called Gossip. This gossip protocol allows over 10,000 transactions to be validated per second.

• it is highly scalable and it's fundamentally fair because no one can prevent or even delay a transaction. The gossip protocol mechanism with its random system will be called for if they are some malicious nodes that wants to prevent nodes flow and transactions. The hashgraph technology also uses a different approach that is a cyclic graph to keep a copy of the records by nodes which makes it completely decentralized.

• it does not depend on creating blocks as event only makes it very efficient.

• they hashgraph technology has speed of transactions per second and is only limited by the bandwidth of the internet and not the consensus algorithm.

• The hashgraph technology does not allow the learning transactions as its system is fair for all users whereas other block chain protocols must allow the minor to decide which transaction to validate based on the user and their fees.

Disadvantsges

• the hashgraph technology efficiency is not in real life as it's mathematically proven which can bring inconsistency and may not have the results that it has in the theory.

• It I'd not open source meaning that it is patented and prevents developers from forking the Technology. Even as this hashgraph technology is patented, it has a public network called the Headers hashgraph. This hedera hashgraph is a public network that's decentralized, leveraging the hashgraph consensus algorithm which is solely aimed at businesses. It offers various services such a scheduled Transactions,multi,-signature transactions, archiving services and atomic swap

• Hedera token service: it offers a service where you can create your own native talking and can also create a fungible or non-fungible token where you can configure and manage it.

• Hedera Consensus Service: this service makes it possible for you to build your own method of verifying and carrying out a series of actions using the consensus protocol offered by hashgraph.

In conclusion, hashgraph technology is fast highly scalable and is very secure it is robust and uses asynchronous Byzantine fault-tolerant

Disclaimer :Any financial and crypto market information provided in this post was written for informational purposes only and does not constitute 100% investment advice. It's just basic knowledge every crypto trader or investor should have