Goodbye Blockchain. Hello Hashgraph. - page 8.

audaciousbeing

hero member

Activity: 1330

Merit: 569

Quote from: Joel_Jantsen on October 29, 2017, 01:56:03 PM

Please don't shoot me Tongue

I too reacted the same way when I read the topic title.Infact,being an optimistic blockchain supporter,I didn't even bother to open the article until the geek inside me pushed me to.Anyway,I was surprised.I mean we should embrace the changes right ? Here ya go,welcome HashGraph.

https://cryptoanswers.net/goodbye-blockchain-hello-hashgraph/

For the lazy heads

Quote

The new consensus algorithm

Introducing Hashgraph – a fair and fast, byzantine fault tolerant consensus algorithm. According to the founding Hashgraph team consisting of computer science and cybersecurity pioneers Dr. Leemon Baird and Mance Harmon, the hashgraph consensus method achieves the following notable feats:

It’s fast: 250,000+ transactions per second and limited only by a users bandwidth (Pre-Sharding)
It’s fair: mathematically proven fairness (via Consensus Time Stamping)
It’s secure: bank-grade security (Asynchronous Byzantine Fault Tolerant)
Why is Hashgraph superior to Blockchain?
[read the actual article to know more]

All I can say is that good for them for such landmark achievement. Reading through the article makes me realise that these people are not looking to sell their invention rather they are about attacking the already establish infrastructure that has been tested and found to be worthwhile but I am actually not bother because its not enough to build a project but convincing people to use such project and for them to abandon the one they have come to know all their life.

A lot of project, nice ones have been done with some coming with the slogan "the first breakthrough" "the best you are to see" "the new bitcoin" but at the end, its about the faith people have in bitcoin and the blockchain and not about how ingenious the technology is about.

Savvy7188

newbie

Activity: 32

Merit: 0

i believe in change and this hashgraph project is doing just that with its unique innovations toward making transactions take place at lightning speed also take in consideration any malware or ddos attacks can easily occur on blockchain with its bottleneck structure that leads to the top of the chain(leaders). GO hashgraph!!

darkangel11

legendary

Activity: 2296

Merit: 1335

Don't let others control your BTC -> self custody

Quote from: faithupgrade on October 29, 2017, 05:45:10 PM

If Hashgraph has a better technology than blockchain, has, is there any coin already built in this technology? Anyway whatever happened, let us always be ready. Im planning to invest a little from this.

It in time may take over, but it may not. There are so many possibilities that we really can't predict what the future may bring.
Remember that sometimes software remains to be used even though there are far superior counterparts. Take mspaint for instance. I remember drawing in it on my P100 in 1996 and it's still around! People are using it till this day because it's simple, well known and widely available. Blockchain won't disappear just like that it will take many years.

khanjan12

newbie

Activity: 27

Merit: 0

Quote from: AVAMONEY on October 29, 2017, 07:33:36 PM

Quote from: EXtremeAEX on October 29, 2017, 07:20:51 PM

You are right, the only way that Bitcoin will die is if better technology comes out. We are always pursuing for better technology, faster transactions, improvements. Hashgraph may overthrow blockchain technology, and so we may all start switching to 'HashCoin'. Roll Eyes

Aye, who knows? Cryptos are 90% speculation, 10% unpredictable.

yes correct, there is nothing impossible.
since technology come with many improvement.
if coming of hashgraph would be better that blockchain in doing processing transaction. why we not accept.

im totally shocked when i heard about hashgraph...but we will see in the future that which one will be the best.

hahay

legendary

Activity: 3486

Merit: 1055

Leading Crypto Sports Betting & Casino Platform

All projects in promotions will definitely promote good prospects for the future on their project, but in reality we have not been able to prove. So I guess they have the right to claim their project is the best, we just need to wait for the launch time and that's when we can prove it. I am very enthusiastic about this. Keep watching!

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

First
It's a patent. People have patents for a lot of things we are still unable to build.
And this is just like that ... theory

Second.

Quote

For example, the Bitcoin blockchain is about 60GB in size, where as hashgraph uses a fraction of that memory, about 1GB, allowing cell phones to act as nodes.

This is bs. Tons of it.
It's not the block chain that determines the size, it's the other way around. The way transactions are don in the bitcoin protocol determine the size of the blockchain.
Also, the last phrase...allowing phone to act like nodes? Really?
There were some moron that wanted to build miners in bulbs , now phones acting as nodes? So you will walk around with 2 power banks to charge your phone?

Third.
They seek funds...yeah, the fog starts to lift.

Fourth.
Checked the two "computer science and cyber security pioneers" cb and profiles...0.

zikabra

full member

Activity: 574

Merit: 139

Quote from: Joel_Jantsen on October 29, 2017, 01:56:03 PM

Please don't shoot me Tongue

I too reacted the same way when I read the topic title.Infact,being an optimistic blockchain supporter,I didn't even bother to open the article until the geek inside me pushed me to.Anyway,I was surprised.I mean we should embrace the changes right ? Here ya go,welcome HashGraph.

https://cryptoanswers.net/goodbye-blockchain-hello-hashgraph/

For the lazy heads

Quote

The new consensus algorithm

Introducing Hashgraph – a fair and fast, byzantine fault tolerant consensus algorithm. According to the founding Hashgraph team consisting of computer science and cybersecurity pioneers Dr. Leemon Baird and Mance Harmon, the hashgraph consensus method achieves the following notable feats:

It’s fast: 250,000+ transactions per second and limited only by a users bandwidth (Pre-Sharding)
It’s fair: mathematically proven fairness (via Consensus Time Stamping)
It’s secure: bank-grade security (Asynchronous Byzantine Fault Tolerant)
Why is Hashgraph superior to Blockchain?
[read the actual article to know more]

Well it looks interesting but i don't think it will have huge impact on bitcoin.
I mean, 250K+ transactions per second is something to admire but crypto is not so popular in world and such technology is good but i don't think it will make any difference. Yet.
Maybe it will mean something in 10 years from now.

CisColtz

full member

Activity: 210

Merit: 100

Don't get to excited about the Hashgraph . In my opinion the blockchain is still the main the thing and it will remain the same but I'm curious to see what Hashgraph can bring new to the cryptos.

robchch

newbie

Activity: 34

Merit: 0

Where do I buy some? lol

Flagship11

full member

Activity: 853

Merit: 144

the blockchain technology isnt going anywhere, anytime soon. its only beginning to be advertised on television

aardvark15

hero member

Activity: 1008

Merit: 510

This is not the first competitor to the blockchain technology and probably not the last. There is also the “Tangle” which is IOTA’s blockchain alternative. The Tangle has no miners and no fees for transactions. The mining is all done by the users. As you send IOTA to an address, you confirm two other transactions. So no one to pay fees to because all users become miners also. The reward is a free transaction. Also supposedly the more transactions, the faster they become. This is the opposite of the blockchain where the more transactions, the slower it gets. As we’ve seen with Bitcoin, as time goes on, the transactions are slower and fees are higher. The Tangle fixes those issues.

European Central Bank

legendary

Activity: 1288

Merit: 1087

in terms of which coin people will use as the gold standard, technical excellence is one of lesser factors. bitcoin might be steam age compared to what's coming but it works and it never breaks. that's worth far more than any upgrade in functionality. obviously it can't stay frozen in time but there also has to come a point where everyone agrees where to settle and bitcoin is still it. the longer it stays it the more certain its future is.

aeternus

sr. member

Activity: 686

Merit: 250

Quote from: SaShiRaJaVu on October 29, 2017, 05:01:28 PM

Quote from: jnano on October 29, 2017, 04:40:52 PM

They say it's patented. That in itself is enough to preclude it from being a Bitcoin alternative.
Maybe it could see some use in closed commercial contexts?

If it is superior technology than blockchain who cares if it is patented or not,it looks really interesting and i am sure it will solve many issues block chain is having at the moment when it comes to scaling,so can we expect coins coming out with hashgraph in the future,so what will happen to the n number of coins created with blockchain. Wink

We care because it has to be free so people can enjoy it and not be subject to the tyranny of just a few, this is why bitcoin is not completely about the technology behind it, it is also an idea about freedom and self-determination, maybe that technology, if real, could be adopted by most of the world but for many of us bitcoin will still be relevant.

hypersonic1

full member

Activity: 334

Merit: 110

Endless Horizons!

The real truth is that if the community needed it we could do another hard fork and implement the necessary changes for sure. I do't see a problem as coins can in fact adapt with enough support.

w5pn73

sr. member

Activity: 635

Merit: 251

This is no alternative in my opinion. Any sign of centralization is a bad one, if anything we should aim for more decentralization.

Joel_Jantsen

legendary

Activity: 1988

Merit: 1317

Get your game girl

Thanks a lot for all your constructive replies.I'm amazed how most of the people the responded here know what's going on out there!
Initially I thought the topic would boil blood since it seems totally against the blockchain lovers people would be offended but that's not the case.Like it how everyone is embracing the new tech.To share my point of view,I don't think hashgraph will make a drastic change in the system anytime soon.They can have their own regulated coins ,they can altogether just provide a better tech but certainly not a better community.

ivrynx

full member

Activity: 518

Merit: 103

i think hashgraph is a good technology as well, just like bitcoin, i agree that there should also be a test period for this technology, however, if different technology that acts like bitcoin as well, both technologies, might fail, since there will be a competition among the two technology. i think bitcoin should adapt whatever is good with hashgraph in order for it to survive. blockchain technology aided in the development of bitcoin and if people just keep on developing similar technologies on their own and creating a lot of cryptocurrencies, there will be so much surplus of cryptocurrencies and the value of each one might decrease and we'll all be back relying on fiat currency. still what i see is, they will have a problem that bitcoin already had encountered, and blockchain will just evolve into a much better technology since it can adapt and already had proven to be much sufficient than others who tries to copy it.

rjbtc2017

sr. member

Activity: 322

Merit: 252

Quote from: Joel_Jantsen on October 29, 2017, 01:56:03 PM

Please don't shoot me Tongue

I too reacted the same way when I read the topic title.Infact,being an optimistic blockchain supporter,I didn't even bother to open the article until the geek inside me pushed me to.Anyway,I was surprised.I mean we should embrace the changes right ? Here ya go,welcome HashGraph.

https://cryptoanswers.net/goodbye-blockchain-hello-hashgraph/

For the lazy heads

Quote

The new consensus algorithm

Introducing Hashgraph – a fair and fast, byzantine fault tolerant consensus algorithm. According to the founding Hashgraph team consisting of computer science and cybersecurity pioneers Dr. Leemon Baird and Mance Harmon, the hashgraph consensus method achieves the following notable feats:

It’s fast: 250,000+ transactions per second and limited only by a users bandwidth (Pre-Sharding)
It’s fair: mathematically proven fairness (via Consensus Time Stamping)
It’s secure: bank-grade security (Asynchronous Byzantine Fault Tolerant)
Why is Hashgraph superior to Blockchain?
[read the actual article to know more]

Good Read. If this will provide solutions to the current problem of Blockchain, then let's adopt it. My only concern here is, Is it already tested real time on transactions same as the volume of Blockchain transactions?. Is it already tested on attacks same as the attacks on a blockchain?. I think it might need more series of tests the same way how the blockchain have used and have experienced through the years to see the vulnerabilities of Bitcoin.

CryptosapienZA

full member

Activity: 378

Merit: 101

I have no doubt in my mind that we have entered a new error of blockchain 3.0 going to 4.0. The question is will hashgraph be the ONE or will another come and grab the front seat. We all know currently in this space, its all about speculation. Most people don't even care about the tech... Which is sad.

acpr23

sr. member

Activity: 350

Merit: 250

If hashgraph beats blockchain. Will bitcoin and other blockchain coin die? Or will bitcoin able to adopt hashgraph technology? Huh

Topic: Goodbye Blockchain. Hello Hashgraph. - page 8. (Read 8798 times)