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Hashgraph

Definition

Hashgraph is a distributed ledger technology that uses a specific data structure and consensus algorithm for secure, fast transactions. It employs a gossip about gossip protocol and a virtual voting mechanism to achieve asynchronous Byzantine Fault Tolerance, providing high transaction speeds and strong security guarantees. Unlike blockchain, which processes transactions in sequential blocks, Hashgraph allows for parallel transaction processing. This architecture aims to deliver fairness and efficiency for decentralized applications.