Daten aus dem Cache geladen. Hashgraph: A New Approach to Distributed Ledger Technology |...

Hashgraph: A New Approach to Distributed Ledger Technology

0
986

Consensus without Mining

One of the key limitations of blockchain is the proof-of-work mechanism used for consensus requires exponential increases in computing power to maintain security over time. Hashgraph overcomes this scalability issue by having nodes rapidly share transaction information to collectively form a " gossip tree" that serves as the consensus history. Through this process, Hashgraph can achieve a level of security and decentralization comparable to proof-of-work blockchains without any mining overhead.

Virtual Voting Approach

At the core of Hashgraph consensus algorithm is a technique called "virtual voting." As nodes gossip transaction information, they cryptographically sign exchange histories known as "events." These events are then combined in a way that mimics how votes would converge if all nodes voted on transaction order in each round. This allows Hashgraph to arrive at an agreed-upon transaction history through a decentralized process without mining.

Speed and Fairness

By rapidly disseminating information across the network using gossip, Hashgraph can reach consensus in just seconds compared to blockchains which may take minutes. It also avoids issues like selfish mining due to properties inherent to its consensus protocol. The virtual voting approach distributes voting power proportionally based on the number of acquaintances each node has, ensuring no nodes can manipulate the consensus sequence unfairly.


Get more insights, On Hashgrap

البحث
الأقسام
إقرأ المزيد
Health
Ultimate Guide to Hair Transplant in Malviya Nagar: AISHH Clinic's Premier Hair Loss Treatment
Experiencing hair loss can be challenging, and finding a reliable, effective solution is...
بواسطة AISHH Clinic 2024-11-06 10:33:41 0 176
الألعاب
Como Comprar e Usar FIFA Coins e Moedas FC 25 no EA FC 25 para Maximizar Sua Experiência de Jogo
Como Comprar e Usar FIFA Coins e Moedas FC 25 no EA FC 25 para Maximizar Sua Experiência de...
بواسطة Minorescu Jone 2025-01-02 18:37:21 0 2
الألعاب
The planet associated with UFABET Revolutionizing On the internet Sports activities Wagering
Within the world associated with on the internet sports activities wagering, UFABET appears high...
بواسطة Ahmed Raza 2023-11-22 07:49:06 0 1كيلو بايت
أخرى
Top Perfume Box Packaging Manufacturers in the UAE: Enhancing Your Fragrance Presentation
Perfume box packaging uae plays a crucial role in the fragrance industry, where presentation and...
بواسطة Hunain Hunainkhan 2024-09-05 21:38:18 0 479
Networking
즐거움과 건강을 동시에! 전자담배 액상의 매력에 빠지다
전자담배 액체: 성분, 안전성 및 트렌드 살펴보기최근 몇 년 동안 전자담배는 전통적인 담배 흡연 대안으로서 인기를 얻고 있습니다. 이러한 기기가 작동하는 데 중요한 역할을...
بواسطة Syedaliahmad Syedaliahmad 2023-11-29 12:10:10 0 1كيلو بايت