How does hashgraph compare to other blockchain technologies in terms of scalability and transaction speed?

3 answers

• Noman ChughtaiSep 18, 2021 · 4 years ago
  Hashgraph is a distributed ledger technology that offers significant advantages over traditional blockchain technologies in terms of scalability and transaction speed. Unlike blockchain, which relies on a sequential chain of blocks, hashgraph uses a directed acyclic graph (DAG) to store transactions. This allows for parallel processing of transactions, resulting in faster transaction speeds. Additionally, hashgraph utilizes a consensus algorithm called gossip about gossip, which enables it to achieve consensus quickly and efficiently. These features make hashgraph highly scalable and capable of handling a large number of transactions per second.
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• McGee BridgesDec 14, 2020 · 5 years ago
  When it comes to scalability and transaction speed, hashgraph outperforms other blockchain technologies by a wide margin. Its DAG structure allows for parallel processing of transactions, which means that multiple transactions can be validated and added to the ledger simultaneously. This results in significantly faster transaction speeds compared to traditional blockchain systems. Additionally, hashgraph's consensus algorithm is highly efficient and can reach consensus on transactions within seconds. This combination of scalability and transaction speed makes hashgraph a promising technology for applications that require high throughput and fast transaction processing.
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• jezdic paladinsMay 08, 2023 · 3 years ago
  From my understanding, hashgraph is a novel consensus algorithm that aims to address the scalability and transaction speed limitations of traditional blockchain technologies. It achieves this by utilizing a DAG structure and a gossip about gossip consensus algorithm. This allows for parallel processing of transactions and fast consensus, resulting in high scalability and transaction speeds. While other blockchain technologies have made progress in improving scalability and transaction speed, hashgraph stands out due to its unique approach and impressive performance. It's definitely worth keeping an eye on as it continues to evolve and gain traction in the industry.
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