Is every cryptocurrency based on a blockchain? In fact, no. Today, there are at least two technologies that are as decentralized and secure as blockchain but aim to improve it to make it more stable and scalable. Hashgraph is one of these technologies, and the first company to implement it was Hedera Hashgraph. The other tech is DAG \u2014 directed acyclic graph, implemented by IOTA.Hedera Hashgraph crypto allows creating decentralized applications that take benefits of the hashgraph technology. Let\u2019s take a look at how it is different from the blockchain.Firstly, let\u2019s see how hashgraph and blockchain are the same. These are both distributed databases that consist of blocks. Anyone can create transactions that are then put into blocks and distributed across the network.In a blockchain, there is only one single chain of blocks. If two blocks are mined at a time, one gets discarded by the nodes, and the other one gets included in the blockchain. The network has to agree on only one chain of a given blockchain.A hashgraph doesn\u2019t look like one single chain of transactions. Its nodes don\u2019t discard any transactions, so its history looks somewhat more like a stave in sheet music: a few connected lines where many kinds of events may happen. Such architecture is more flexible and allows for faster, cheaper, and timestamped transactions.The project defines itself as the \u201ctrust layer of the Internet.\u201d Hedera Hashgraph was designed to introduce a decentralized, secure, fair, and fast public distributed ledger that could be massively adopted. Any kind of company, startup, creator, or a general user can benefit from the technology. Hedera-based dApps consume little bandwidth, have high throughput, and ensure great speed. The network is built on the PoS consensus algorithm.In Hedera, there is a Consensus Service (HCS) that allows developers to build decentralized applications\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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