Tuesday, September 14, 2021
efficient blockchain: Hedera Hashgraph
Hello future | Hedera Hashgraph
"Bitcoin pioneered decentralized infrastructure and Ethereum brought programmability. But earlier proof-of-work blockchains consume massive amounts of energy and process transactions slowly in order to achieve acceptable levels of security. Heavy bandwidth consumption by these technologies leads to expensive fees, even for a simple cryptocurrency transaction.
The Hedera proof-of-stake public network, powered by hashgraph consensus, achieves the highest-grade of security possible (ABFT), with blazing-fast transaction speeds and incredibly low bandwidth consumption. By combining high-throughput, low fees, and finality in seconds, Hedera leads the way for the future of public ledgers."
Hedera Hashgraph: Proof-of-Stake Public Networks with Leemon Baird - Software Engineering Daily
The hashgraph protocol uses directed acyclic graphs to create an asynchronous Byzantine Fault-Tolerant (aBFT) consensus algorithm.[1] Unlike blockchains, hashgraphs do not use miners to validate transactions. Instead, hashgraphs use a "gossip about gossip" protocol to create directed acyclic graphs for time-sequencing transactions without bundling them into blocks."