Hashgraph isn’t a blockchain or a typical server-client setup. It’s a distributed consensus algorithm that uses gossip and virtual voting to process transactions quickly and securely without the heavy resource demands of traditional systems
Imagine gossip as a rapid, random chat among nodes sharing new transactions. Virtual voting then uses the history of these chats to decide on transaction order without each node needing to cast an explicit vote
Think of it as automated communication among software nodes—not human chat. The "gossip" simply refers to how nodes share info quickly and securely on their own without any manual intervention
Consensus is reached collectively by multiple nodes. They all share transaction info using the gossip protocol and then use virtual voting to agree on the order, ensuring decentralized security and fairness
Hashgraph isn’t a blockchain or a typical server-client setup. It’s a distributed consensus algorithm that uses gossip and virtual voting to process transactions quickly and securely without the heavy resource demands of traditional systems
I dont follow gossip and virtual voting for transaction processing. Can you explain this in more detail?
Imagine gossip as a rapid, random chat among nodes sharing new transactions. Virtual voting then uses the history of these chats to decide on transaction order without each node needing to cast an explicit vote
Is the chat done by humans or is it the nodes "chatting" among themselves?
Think of it as automated communication among software nodes—not human chat. The "gossip" simply refers to how nodes share info quickly and securely on their own without any manual intervention
Is the consensus derived by a number of nodes or a single one validating the transactions?
Consensus is reached collectively by multiple nodes. They all share transaction info using the gossip protocol and then use virtual voting to agree on the order, ensuring decentralized security and fairness