Definition ∞ Hashgraph consensus is a distributed ledger technology algorithm that utilizes a gossip protocol and a virtual voting mechanism to achieve agreement among network participants. Unlike traditional blockchains, it does not rely on blocks or mining, instead using a directed acyclic graph structure. This method aims for high transaction throughput, fairness, and asynchronous Byzantine fault tolerance.
Context ∞ Hashgraph consensus offers an alternative to conventional blockchain architectures, positioning itself as a solution for enterprise-grade distributed applications requiring speed and security. Its proponents often highlight its efficiency and deterministic finality as key advantages over proof-of-work or proof-of-stake systems. The ongoing assessment of its practical deployment and adoption continues to be a point of interest in the broader distributed ledger technology discourse.
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