Hashgraph is a new consensus algorithm that promises to revolutionize the way we think about distributed ledger technology. Developed by Swirlds, Hashgraph is a novel approach that uses a combination of gossip protocol and virtual voting to achieve fast, secure, and fair consensus without the need for energy-intensive proof-of-work algorithms.

What is Hashgraph?

Hashgraph is a consensus algorithm that uses a combination of gossip protocol and virtual voting to achieve fast, secure, and fair consensus among nodes in a distributed network. The gossip protocol is used to spread information about transactions and events to all nodes in the network, while virtual voting is used to determine the order of transactions and events. Unlike other consensus algorithms, such as proof-of-work and proof-of-stake, Hashgraph does not require energy-intensive mining or staking.

Features of Hashgraph:

Fast Consensus:

Hashgraph achieves fast consensus by using a combination of gossip #protocol and #virtual voting. The gossip protocol ensures that information about transactions and events is spread quickly and efficiently across the network, while virtual voting allows nodes to determine the order of transactions and events without the need for energy-intensive mining or staking.

Secure Consensus:

Hashgraph achieves secure consensus by using a novel approach called "asynchronous Byzantine fault tolerance." This means that the algorithm can tolerate a certain number of malicious #nodes without compromising the security of the network. In addition, the use of virtual voting ensures that the order of transactions and events is determined fairly and transparently.

Fair Consensus:

Hashgraph achieves fair consensus by using a novel approach called "virtual voting." This means that each node in the network has an equal say in determining the order of transactions and events, regardless of the node's computing power or stake in the network. This ensures that the network is #decentralized and fair.

Potential Applications of Hashgraph:

Financial Transactions:

Hashgraph is well-suited for financial transactions, as it can achieve fast, secure, and fair consensus without the need for energy-intensive proof-of-work or proof-of-stake algorithms. This makes it an attractive option for banks and financial institutions looking to streamline their transaction processing and reduce their energy consumption.

Supply Chain Management:

Hashgraph can also be used for supply chain management, as it can provide a transparent and secure record of the movement of goods and services through the supply chain. This can help to reduce fraud and increase efficiency in the supply chain.

Voting Systems:

Hashgraph can also be used for voting systems, as it can provide a secure and transparent method for counting votes. This can help to reduce the risk of voter fraud and increase confidence in the electoral process.

Final Words:

In conclusion, #Hashgraph is a promising new consensus algorithm that has the potential to revolutionize the way we think about distributed ledger technology. Its fast, secure, and fair consensus mechanism makes it well-suited for a range of applications, including financial transactions, supply chain management, and voting systems. As the technology continues to evolve, it will be interesting to see how it is adopted and implemented in different industries and use cases.

Allins is a multi-chain #AMM designed to revolutionize how we trade #inscriptions.Starting with #BNBChain, we're on a mission to create a seamless swapping experience for all inscriptions across various blockchains, including both #EVM and non-EVM blockchains like @Bitcoin.🧵1/ Currently, many blockchains, including @BNBChain, suffer from:👉#protocol #centralization 👉lack of cross-platform #compatibility👉#liquidity limitationsThese issues hamper the flexibility and efficiency of #Inscription #trading2/ #Allins is here to address these challenges🎯 and redefine the way inscriptions are traded.We are collaborating with exceptional partners and making joint efforts to develop innovative solutions.Our 1st step is to enable cross-chain and #AMM #swap trading for existing protocol assets, including #BRC20 and #BSC20, to inject new #liquidity and bring more possibilities to the #inscription market.3/ During this process, we've run into protocols that are not open-source. So we are actively communicating to secure their support🤝 and calling protocol creators and platforms to join forces towards a unified goal.Our commitment💪 to fostering a vibrant #inscription market includes extending FREE services to outstanding communities and projects, aiding their growth and success.🚀4/ 🌟Looking ahead, we are dedicated to building a brand-new #multichain #inscription protocol.This innovative protocol will enable seamless multi-chain deployment, minting, and trading, empowering inscriptions to thrive across various chains.By embracing #interoperability and open collaboration, we aim to create a dynamic ecosystem that benefits all participants.♥️5/ At #Allins, we believe that #inscription #trading should be accessible, flexible, and liquid across chains.We are energized🤩 by what lies ahead and want to invite you to join us on this transformative journey.Together, let's reshape the #inscription market and unlock its full potential.🔥

👉 The basics of the Autonomys Network and Subspace protocol.
Autonomys Network is a blockchain system built on the Subspace #protocol . They aim to create an #ECOSYSTEM that is strengthened by user contributions. The Subspace protocol, on the other hand, offers important features such as high security, scalability and decentralization to its users. This system uses an innovative " Proof of Archival Storage" consensus mechanism for storing and processing data. In this way, more people can participate and contribute to the network. Users can participate in the network without requiring technical knowledge. Diversity and dynamism are added to the network with all transactions made. As a result, Autonomys Network allows users to play a more active role in the blockchain world.
👉 Auto ID and its universal digital identity for both humans and AI.
Auto ID is defined as a digital identity system developed for both humans and artificial intelligence. #AutoID allows users to securely verify their online identities. It helps them protect their privacy. Auto ID allows everyone to create and manage their own digital identity. People can create this identity themselves. Artificial intelligence systems can have these identities with the permission they receive from people. In this way, it is aimed to provide more transparent and reliable interactions in the digital world.
👉 The benefits of Auto ID
One of the most important advantages that makes Auto ID different is that it is verifiable. Users can verify their identities and the accuracy of the information provided under this identity with digital signatures. The identities created by Auto ID can be easily used on different platforms. When we look at it in terms of security, Auto ID tightly protects users' information using encryption methods. When we look at it in terms of security measures, an effective defense mechanism has been created against identity theft and fraud. When we look at the specifics of Auto ID systems, it allows different identities and information to be used in a way that is compatible with each other.
👉 How Auto Coin operates
Auto Coin is the local token used on the Autonomys Network. We can say that it is used as a reward system that encourages users to participate in the network. Users can earn Auto Coin by allocating free space on their computers and promising space through the Auto Peer application. With Auto Coin, users are given the opportunity to make transactions on the network. Users gain the necessary rights to perform transactions by staking a minimum amount of Auto Coin. Depending on the amount they stake, their chances of winning more rewards increase. They also contribute to the security of the network with the transactions they make. As a result of all the transactions made, the network continues to develop continuously and it also benefits new users.
👉 Decentralized Structure and Consensus Model of the Autonomys Network
Autonomys Network has a decentralized structure in its essence. We can think that the network is not controlled and managed by a single authority. Thanks to decentralization, more people are allowed to participate in the network and decision-making processes. The Subspace protocol uses an innovative consensus mechanism to ensure security. This mechanism checks the accuracy of the transactions made. It ensures that the network remains constantly secure. It is aimed to provide protection against malicious and incorrect attempts. . As a result, Autonomys Network offers a safe, fair and equal environment. #AI3

🎯 If I were to give a contemporary example of Auto ID,;
Let's think about the question of where and how we can use the Auto ID system today. I will complete my article by giving an example from the social media platform that is at our fingertips every minute. For example, you can log in to a social media site you use using your Auto ID. Since you will have authenticated your identity during the login, the content to be shared will be secured thanks to the identity information you have entered. The identity we create by another user will verify whether the content is fake or not. In the checks to be made by other users, it will be possible to see who created the identity. In this way, secure connections will be provided. Since trust is at the forefront, there may be a greater increase in interactions. #Dyor2024

In a surprising development, it has been reported that the individual responsible for the hack of Euler Finance has returned 51,000 #ETH to the DeFi lending protocol.

This amount was in addition to a further 7,737 ETH that the hacker returned, bringing the total amount of funds returned to 58,737 ETH. This translates to approximately $102 million at current rates.

This is a noteworthy development following the attack on Euler on March 13, 2023. The hack resulted in one of the largest flash loan attacks in DeFi history, with the #protocol suffering losses of $197 million.

The attacker was able to exploit the smart contract vulnerability in the protocol and make off with over $197 million worth of various crypto assets.

These included $8.7 million worth of DAI, $19 million worth of wrapped #bitcoin (wBTC), $34 million in USD Coin (USDC), and about $136 million worth of staked ether (stETH). Since the attack, Euler Labs, the developer of the protocol, has been working with security professionals and law enforcement to track down the hacker and recover the stolen funds.

The team even offered a $1 million reward for any information that could lead to the recovery of the funds.

In an interesting turn of events, the owner of a wallet containing 10 million of the stolen DAI sent out a message offering to provide detailed information about the Euler hacker in exchange for the 10% bounty that Euler had previously offered.

Another individual, who identified themselves as "Euler exploiter 3," followed this message with an email address and asked Euler to contact them with information regarding the people responsible for the March 13 exploit. This person explicitly stated they were not interested in the bounty. It appears that the attackers may be turning on each other.

It is still unclear whether the hacker returned the funds voluntarily or under pressure from the authorities. Some speculate that the hacker may have negotiated with Euler Labs to avoid legal consequences.

Nonetheless, the return of such a significant amount of funds is a positive development for the DeFi lending protocol, which will be looking to further enhance its security measures.

The InterPlanetary File System (IPFS) is a distributed, peer-to-peer file sharing protocol that aims to make the web faster, safer, and more open. IPFS allows users to store and share files without relying on a centralized server or service, making it more resilient to censorship and server failures.

What is IPFS?

IPFS is a #protocol that allows users to store and share files in a distributed manner. It is similar to BitTorrent, but instead of downloading files from a central server or location, files are downloaded from multiple peers.

IPFS uses a unique addressing system called Content Addressed Storage (CAS) to identify and retrieve files. When a user adds a file to IPFS, it is assigned a unique cryptographic hash based on its content. This hash is used as the file's address, and any user can retrieve the file by requesting it using the hash.

Benefits of IPFS:

Decentralization: IPFS is a #decentralized system, which means that files are stored and shared among multiple nodes. This makes it more resilient to censorship and server failures, as there is no central point of control.

Faster Speeds: IPFS can deliver files faster than traditional file sharing methods, as files are downloaded from multiple peers simultaneously. This also reduces the load on individual servers, making the web faster and more efficient.

Increased Security: IPFS uses cryptographic hashing to ensure the integrity and authenticity of files. This makes it more secure than traditional file sharing methods, which can be vulnerable to attacks such as man-in-the-middle attacks and file tampering.

How does IPFS work?

IPFS works by breaking files down into smaller pieces called "blocks," which are then distributed among multiple nodes in the network. When a user requests a file, IPFS retrieves the blocks from multiple nodes and reassembles them into the original file.

IPFS also uses a unique caching system called "IPFS pinning," which allows users to store files on their own nodes permanently. This ensures that the file remains available on the network even if the original uploader goes offline.

Conclusion:

IPFS is a revolutionary #technology that has the potential to transform the way we store and share files on the web. Its decentralized and distributed nature makes it more secure and resilient to censorship, while its unique addressing system and caching mechanisms make it faster and more efficient.

As IPFS continues to evolve, we can expect to see more widespread adoption and integration with existing web technologies. The future of the web is decentralized, and IPFS is leading the charge towards a more open and free internet.

In the world of blockchain technology, a hard fork is a significant event that can bring about significant changes in the #blockchain network. A hard fork occurs when a blockchain network undergoes a permanent divergence in the chain due to a change in the network's rules. The term "hard fork" is used to differentiate it from a "soft fork," which is a temporary divergence that is usually resolved without any significant impact on the network.

What is a Hard Fork?

A hard fork is a permanent split in a blockchain network's chain, resulting from a change in the network's rules. The change can be initiated by a group of #developers or #miners who wish to make changes to the network's #protocol or by a significant disagreement within the network's community. In a hard fork, the new chain created is not backward compatible with the original chain, which means that nodes running the old version of the software will not be able to interact with nodes running the new version of the software. This results in two separate blockchain networks, each with its own set of rules and protocols.

Types of Hard Fork:

There are two types of hard forks: planned hard forks and contentious hard forks.

Planned Hard Fork:

A planned hard fork is a premeditated and scheduled event in which the network's rules are changed to improve its functionality, security, or scalability. This type of hard fork is usually agreed upon by the majority of the network's community, and it is executed with the aim of improving the network's overall performance. Examples of planned hard forks include the Ethereum Constantinople hard fork and the Bitcoin Segwit2x hard fork.

Contentious Hard Fork:

A contentious hard fork is a result of a significant disagreement within the network's community, usually over the network's direction, rules, or protocol. This type of hard fork can result in the creation of two or more blockchain networks, each with its own set of rules and protocols. Examples of contentious hard forks include the Bitcoin Cash hard fork and the Ethereum Classic hard fork.

Impact of Hard Fork:

A hard fork can have a significant impact on the blockchain network, its users, and its stakeholders. Here are some of the possible impacts of a hard fork:

Creation of a New Cryptocurrency:

When a hard fork occurs, a new cryptocurrency is created, which can have a significant impact on the value and adoption of the original cryptocurrency. This is because the new cryptocurrency may have different rules, features, and functionality than the original cryptocurrency.

Loss of Consensus:

A hard fork can result in a loss of consensus within the network's community, as some members may choose to support the new chain while others may stick with the old chain. This can lead to a split in the #community and a loss of trust in the network's governance.

Network Security:

A hard fork can also impact the network's security, as it can result in a loss of mining power, which can make the network more susceptible to 51% attacks. In addition, the split in the community can result in a loss of development resources, which can make it more difficult to maintain and improve the network's security.

Conclusion:

In conclusion, a hard fork is a significant event in the world of blockchain technology that can have a significant impact on the network, its users, and its stakeholders . Hard forks can be planned or contentious, and they can result in the creation of a new cryptocurrency, a loss of consensus, or a loss of network security. It is important for blockchain networks to carefully consider the impact of a hard fork and to ensure that any changes made to the network's rules are agreed upon by the majority of the network's community.