Why Aktio relies on the former
Why Aktio relies on the former
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It goes without saying that distributed Ledger technologies (DLT) have conquered the world in storm, especially in recent years.
This is mainly due to the astronomical price increase of cryptocurrencies, most of which use technology that is underlying. The leader of the market, Bitcoin, reaches an all-time high of almost $ 65,000 that directs the attention of the whole world to the market.
While many argue that this is due to pure speculation, it is a fact that it draws attention to the industry. Governments around the world are looking for DLT-based solutions to solve urgent problems in their infrastructure.
Against this background, it is important to take a closer look at the different types of DLT and examine their advantages and disadvantages and maybe come to a conclusion what is better.What is blockchain?
There is no doubt that the blockchain is the most popular iteration of distributed Ledger technology-it is the underlying stack used by most cryptocurrencies, including Bitcoin. The peers tend to communicate within a blockchain and build a peer-to-peer (P2P) network.
From a technical point of view, a blockchain represents a number of blocks connected in an unchangeable database. h. The data once written cannot be deleted or edited, unless the majority of government decides something else - in the case of public blockchains, which are usually the greatest popularity.
This makes blockchain-based technologies a solution proposal for various problems that mess up current market segments, especially in the financial world.
what is hashgraph?
hashgraph represents a consensus method that offers a different approach to distributed LEDGER technology and is often proposed as an alternative to blockchains.
The first thing you should consider is that it is an officially patented technology, and the only authorized main register that uses is , and his native cryptocurrency is Hbar. It was invented in the mid -2010s by the American computer scientist Leemon Baird, who is also CTO of swirls - the company that holds the patent.
hashgraph has been described as the successor or continuation of the concept behind the blockchain and is intended to offer lower costs, lower safety restrictions, fairness, speed, etc.
It does not use a mining model like the proof-of work blockchains. Instead, however, it uses a "gossip over gossip" model of the protocol, in which the different nodes "clap" over the transactions to create a directed acyclical graph, which provided transactions with time stamps without having to bundle them into blocks.
The differences between them
The differences between blockchain and hashgraph-based DLT are considerable and can be sequenced in different ways.
Both iterations of the distributed LEDGER technology do well in terms of security, and although they have different approaches, it is difficult to lift you out.
blockchain uses manipulation -proof digital blocks in which malicious actors cannot change the integrity of the data, unless they represent the ruling majority.
hashgraph, on the other hand, uses what is for asynchronous Byzantine fault tolerance that ensures the network by correctly sequencing and ensuring that no data can be manipulated.
This is also quite difficult to determine, since there are different iterations of blockchain-based technology. For example, Bitcoin's network is slow, but other proof-of-stake networks can process tens of thousands of transactions per second.
The Hashgraph Gossip method, on the other hand, is the reason for your speed because it requires the spread of less information about the network, which makes it much more efficient.
blockchain tends to be less fair when it comes to miners or users, since the former have more power out of their contributions.
hashgraph tends to deal with fairness differently by randomly assigning nodes and also using a consensus-timetable stamp, which means that no individuals are affected due to the order of the transactions.
There are other areas that have to be compared, such as efficiency, approach, introductory phase, etc., and these should also be taken into account. However, the points mentioned above are usually the cornerstones of most discussions.
Current applications
Speaking of Hedera Hashgraph As the only network that implements hashgraph technology, it is integrated into many applications. crypto potato reported At the beginning of 2021, the British National Health Service will use the Hedera Hashgraph technology to provide NHF facilities about the storage of COVID19 vaccines.
In terms of blockchain-based solutions, there are countless examples, since it is definitely much more accepted compared to the hashgraph-literation.
Other applications include payments, fighting fraud, data compliance, tokenized assets, identity, etc.
As already mentioned, Hedera Hashgraph does not use miners, as is the case with most Pow-based blockchains.
Hedera hashgraph is based on a hashm-graph consensus and is based on a public proof-of-stake network that achieves considerable security, transaction speed and efficiency.
projects on Hedera
There are many projects that build on Hedera Hashgraph, although despite some obvious advantages, the technology is in their introductory curve compared to blockchain-based projects.
In this sense a new project with a coin based on hashgraph is Aktio . The team behind it has a decentralized peer-to-peer (P2P)-aasset developed by automata. It is based on Hedera Hashgraph and acts as a digital currency for multi-asset exchange and the handling of international and cross-sector transactions.
It offers quick and inexpensive cross -border transactions and promises to exceed traditional currencies and old financial systems.
With a mobile app that combines the efficiency and practical functions of digital payment transactions as well as the latest tools for asset management, share users can expect access to many traditional instruments and the latest innovations in the field of decentralized finances. Further information can be found under Aktio .
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