Hashgraph is a consensus algorithm and data structure that allows fast, secure, and fair transaction ordering using gossip protocols and virtual voting techniques, setting it apart from traditional blockchains
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
Hashgraph is a consensus algorithm and data structure that allows fast, secure, and fair transaction ordering using gossip protocols and virtual voting techniques, setting it apart from traditional blockchains
Is Hashgraph a blockchain or is it a traditional server-client database?
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