With the rise of Hedera Hashgraph, there's now significant competition for traditional blockchains. Founded in 2019, Hedera is based on a unique structure called Hashgraph, developed by Dr. Leemon Baird.
The Hashgraph Difference
Hedera Hashgraph uses directed acyclic graphs (DAG) instead of linear blocks, allowing rapid transaction data processing and sharing. It employs a 'gossip about gossip' protocol for real-time security. Asynchronous Byzantine Fault Tolerance (aBFT) ensures the system's security even with malicious actors.
Why Protocols Are Betting On Hedera
Hedera delivers high performance, handling over 10,000 TPS, ideal for DeFi, gaming, or supply chain applications. Its robust security attracts enterprises, while its low-cost transactions save user expenses.
Top Applications on Hedera
Hedera supports a variety of applications. Leading examples include HeliSwap and SaucerSwap for DeFi, Stader Labs for staking, HashPack as a digital wallet, and Red Swan for real estate tokenization.
Hedera Hashgraph not only addresses the blockchain trilemma but also offers forward-looking solutions for decentralized systems. The platform attracts attention with its unique features and continues to grow as a significant force in the industry.
