Hedera Hashgraph – A Quick and Very Simple Explanation

What is Hedera Hashgraph?

Hedera Hashgraph is a Distributed Ledger Technology (DLT) and consensus algorithm. Even though Hashgraph is actually a DAG (Directed Acyclic Graph) it has been referred to as“Blockchain on Steroids” and “Blockchain 2.0” because it addresses many of the issues most DLT’s are currently facing with broader adoption.

Why do we need another DLT?

Hedera Hashgraph is a fast, fair and secure infrastructure to run Decentralized Applications or DApps. This technology is ridiculously fast, has a high throughput (potential for over one million transactions per second), and is asynchronous Byzantine Fault Tolerant (a-What?), and the only DLT that has a mathematically proven consensus mechanism.

Quick Answer: It works, it’s secure, and fixes the issues that have been holding back Blockchain from becoming a viable enterprise-grade technology since it’s inception.

Want to learn more about Hashgraph and other DLT’s reach out below and let us know. We’d love to talk about how to utilize Distributed Ledger Technologies to disrupt your industry by turning your use-case into a fully functioning Decentralized Application.