$HBAR What is a Hashgraph?
Imagine your transactions processed at lightning speed with near-perfect fairness—this is the world Hashgraph promises. But how does it differ from the classic Blockchain, the backbone of Bitcoin and Ethereum?
Hashgraph vs. Blockchain: Revolutionizing Digital Trust
Blockchain is like a public library, where data is stored in blocks linked in a chain, offering transparency and decentralization. However, it's slower, often expensive, and uses energy-intensive consensus methods like proof-of-work.
Enter Hashgraph, a sleek alternative using a Directed Acyclic Graph (DAG) structure. It employs "gossip about gossip" and virtual voting to reach consensus, skipping miners and proof-of-work entirely. This allows Hashgraph to process up to 500,000 transactions per second (TPS), far surpassing blockchain’s 10,000 TPS limit.
Hashgraph’s secret weapon? Asynchronous Byzantine Fault Tolerance (aBFT), making it ultra-secure and fair by ensuring random nodes verify transactions without bias. However, it’s patented, limiting open adoption compared to blockchain’s open-source nature.