Hashgraph Algorithm

Definition ∞ The Hashgraph algorithm is a distributed ledger technology that utilizes a gossip protocol and a virtual voting mechanism to achieve consensus without mining. It records transactions in a directed acyclic graph structure, distinct from a linear blockchain. This approach aims to deliver high transaction throughput, low latency, and fair ordering of events. It offers an alternative consensus model to traditional proof-of-work or proof-of-stake systems.
Context ∞ The Hashgraph algorithm presents a unique architectural approach to achieving distributed consensus, often discussed in comparison to blockchain scalability solutions. News reports frequently highlight its performance metrics and potential applications in enterprise and permissioned ledger environments. Ongoing development focuses on expanding its ecosystem and demonstrating its capabilities in real-world scenarios.