The main objective of hashgraph is to generate trust among user by providing advanced security
solutions for online transactions. The hashgraph algorithm achieves this by virtue of its features
such as being fast, fair, providing Asynchronous Byzantine Fault Tolerance (aBFT), efficient, ACID
compliant, inexpensive, DoS resistant, time stamped, and optionally non-permissioned. These
features are attributed to broader range of applications of hashgraph, which includes
distributed capital markets, distributed auctions, cryptocurrency with native micropayments,
improved collaboration apps, and distributed gaming.
Comparison between hashgraph and blockchain
In both blockchain and hashgraph algorithm, one thing is common that is transaction can be
generated by any user and the data will eventually be stored into a block or register and then
spread through the users. In blockchain technology, these blocks are used to form a long single
chain. Therefore, if two blocks are created at the same time then one will be selected, while the
other is rejected. In hashgraph, each and every block is used, which makes it more just. Hence,
all data or information stored in all branches will exist forever and all branches will back together
to make a single chain.
Also, when various blocks come in rapidly together, the blockchain may fail to work due to faster
development of branches. For this reason some mechanism is required to slow down the
operating speed of blockchain. Where hashgraph is not affected by rapid growth. There is no
restriction on transaction, as anyone can make block of transaction at any time they want.
Hence, its function is very simple and has faster processing rate. Hashgraph consists of Byzantine
agreement and fairness, which makes it simple. Byzantine is not present in blockchain and the
technology rejecting blocks is considered to be unfair.
In the hashgraph technology, no data of order of transactions can be manipulated by any
individual. Moreover, no individual can stop a transaction from entering the system, also the
process cannot be delayed. Conversely, in blockchain technology, there is a chance of delay by
one or two mining periods, when many branches are refused to be included in blockchain.
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Furthermore, no hacker is able to stop a member to record a transaction hashgraph, attackers
cannot stop a member from recording a transaction other than for resorting to blocking their
internet access.