Crypto Academy Week 16 - Homework Post by @armstrongdiho


![diho_1_original.jpg](https://cdn.steemitimages.com/DQmSource

The Gossip protocol, used in HashgraphUMvg9sHnuFaNDuPkKu8gZwx1voVaKK3Fq16ZPEdoHbTo/diho_1_original.jpg)

INTRODUCTIONreceived_456997168738482.webp

Hashgraph technology is an advanced development which has a consensus protocol called the Gossip protocol that is based on virtual voting. It is characterized by high transaction speed, low cost and energy usage, with suitable security.
Therefore from this article, I will be explaining the below questions.

The Gossip protocol, used in Hashgraphreceived_456997168738482.webpAn-example-of-Hashgraph.pngSrc

n hashaph, it uses a sequence called gossip protocol to send information between nodes. For instance, Armstrong have selected to send informathe same.

This Goember called Chibueze at random. Then Armstrong will now tell Chibueze all of the information he has gather so far. Armstrong will then repeats this information with a different random member like Manic. Chibueze will also do the same, and all other members will also do the same. This Gossip will continue till all other members receive the newly information. Suppose Armstrong is received a new information, itquicker.
The protvery fast through the community, until all other members noticed it.

Hashgraph uses the gossip protocol to make transaction validation processes and to send information between network nodes. This gossip protocol make transactions and information to be more effective and quicker.
The protocol gossip allows a transaction in just a few seconds to be executed by some nodes on the network. At the same time, it offers up to 10.000 transactions per second (TPS), which is a great advancement when compared to that of other crypto assets.

A gossip sync is an important feature that ogossip.

This Gos is synchronization of information between two users via the gossip protocol. As such, with the help of Gossip protocol, once a certain point has been obtained, the information is being copied to all toW)
Bitcoin uses.

ossip protocol about gossip. This Goshgraph.

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BFT ise till all other members receive the newly created event. With this, a much quicker, protected and more efficient validation process is achieved, compared to that of the Proof of Work (PoW) or Proof of Stake (PoS) consensus algoriithm.

Tolerance to Byzantine Faults in Hashgraph.

BFT s an acronym for Byzantine Failure Asynchronous Tolerance. However, in Hashgraph, it's BFT is the type that allows secured data to be stored withe the network. And this effect is to avoid manipulation of information by the users. This entails that the honest members can be allowed to agree on the principles governing the consensus of a set of transactions.

Regardless of Hashgraph having this type of tolerance, does not mean that no single member can stop the community from decision making. This also enables Consensus can not be altered once the community reach the Consensus and each member must reach a certain level where they will be aware that they can have right during Consensus which makes it to have more speed. All these process are done asynchronously.

Some members can maliciously trying to stop that consensus regardless of the number of members planing things that could affect the Consensus negatively by deain

EFFICIENCYI could say the usefulness of Hashgraph is 100% because it depends on event instead of relying on block creation.

While in blockchain its efficiency is less because in Blockchain’s block is very difficulty for miners to work on a block.

Blockchain is known as an open source DLT that has many people providing support concerning the foundation of building cryptocurrencies and utility tokens.

However, Hashgraph is based on a patented which information and consensus algorithm which is owned by swirlds. It has concepts such as gossip about gossip and virtual voting which the is used to achieve quicker and protected transactions. So each new entry must pass through the swirlds. received_456997168738482.webp

SECURITYBlockchain provide Secures data but can not be compare with that of the hashgraph which uses Asynchronous Byzantine Fault Tolerant consensus (aBFT).

EFFICIENCYI could say the usefulness of Hashgraph is 100% because it depends on event instead of relying on block creation.

While in blockchain its efficiency is less because in Blockchain’s block is very difficulty for miners to work on a block.

owever, Hashgraph is based on a patented which information and consensus algorithm which is owned by swirlds. It has concepts such as gossip about gossip and virtual voting which ts.

Finally, Hashgraph is based on a patented which information and consensus algorithm which is owned by swirlds. It has concepts such as gossip about gossip and virtual voting which the is used to achieve quicker and protected transactions. So each new entry must pass through the swirlds.

However, Blockchain is known as an open source DLT that has many people providing support concerning the foundation of building cryptocurrencies and utility tokens.

Hashgraph technology for Voting in my Country-Nigeria, and Why I chose it.received_456997168738482.webp

orhrough the swirlds.

TRANSACTION SPEED

Hedera Hashgraph is chnology because of the folsiwing

It's very rare to see free and fair voting process. And since Hashuick transaction speeds. Although it is achieved due to less information to propagate with more information taking place in the community. It can execute approximately up to 500,000 transactions per second.

While the blockchain is slower than the Hashgraph as it has speeds of approximately 100 to 10,000 transactions per second. transactions speed in blockchain is based on the the implementation of protocols like Hyperledger.

Consensus mechanism

Blockchain has various consensus algorithms in use like the Bitcoins uses the Proof-of-Work. So it all depend on the cryptography and currencies. Some uses Proof of Capacity, Proof-of-Stake etc.

While Hedera Hashgraph is characterized by the use of virtual voting to gain network consensus. It does not have any other algorithms.

Hashgraph technology for Voting in my Countrprotected.

Explore se it.

For the voting processts.
received_456997168738482.webp• visit
https://hedera.com/ froefer Hashgraph technology and the following reasons are

Hashgraph is well known as virtual voting technology, and this virtual Voting is performed in a way, that the members of the community knows the members that has voted with more details inforres

below will showThen you have to click on each of them one respectively so as to explore it very well.
︎Nh ark▪︎Dev
s
︎Use Cence, with adopting the Hashgraph Virtual Voting to be the voting algorithm in Nigeria it makes the various process of voting to be simple as such will be a free and fair because each person will have the freedom of expression to participate in the election, having all the members of the system sending all the data of a vote to another member in the process of validating the process.

And immediately the voting exercise complete and Suppose 3/4 of the members are valid then a consensus would be reached and it execute then a winner will be crownons a.Token Service: this option permits users to mint and configure tokens and man DEVS

![IMG_20ble and non-fungible tokens, without need to deploy a smart contractb.Consensus Service: allows for a Verifiable timestamps and ordering of events for any application or permissioned blockchain framework.

the following below,Token Service: Consensus Service:

  • ClicBEJh78QAefjjgeQkarojrTSuTv5b5Pcfy8V7uJf/IMG_20210605_233407.jpg)

• And the features pops up showing;

▪︎Network
▪︎Dev
▪︎Use Cases
▪︎HBAR
▪︎Governance and
g)

a.TOOLING which has;• DOC: thisn.steemitimages.com/DQmPkL7aph.• • HEDERA SDK: which offers the Hedera API in different languages
b. RESOURCES which has;•INTEGRATION: This option permits users to integrate their existing application or permissioned blockchain framework into the Hedera network.••FEES: that shows the fee schedules as decided by the governing council,which is useful for developers that wants to know the cost fee of integration with the Hedera network.•OPEN SOURCE: this option which tells a few things about Hedera Hashgraph on github.•• LEARNING CENTER: that take users on a ride about Hedera Hashgraph And permits users to ins;

PAYMENTS••TOKENIZED ASSETS: Ability to Manage and swap assets like never before.•FRAUD MITIGATION: Reduce fee costs and protects it's users.••IDENTITY: Maintain the lifecycle of credentials.•DATA COMPLIANCE: Log and publicly verify actions.••PERMISSIONED BLOCKCHAIN: allows users to Create private ledger with phas price value at the rate of $0.222 and market rank #51.
IMG_20210606_002011.jpg

-63.jpg](https://cdn.steemitptions;

  • OVERVIEWU4pKFb3LTH6HDwVkq6amhQekGFxNh8WwBpHLp9Xe2/Screency
  • ACCO-06-05-23-11-58-63.jpg)
    ![Screenshot_2021-06-05-23-12-05-07.jpg](https://ccount.
  • WALLETS .com/DQmR1CD6shis entails uimktZ6jcEuk7avtK1Td/Screenshot_2021-06-05-23-12-05-07.jpg)

The options will shown below
a.TOOVERNANCE

[OC: this option gives all you need to know about Hedera Hashgraph.
• • HEDERA SDK: which offers the Hedera API in di234930.jpg)

![ScreenshotOURCES which has;
•INTEGRATION: This option permits users to integrate their existing application or permissioned blockchain framework into the Hedera network.
••FEES: that shows the fee schedules as decided by the governing council,which is useful for developers that wants to know the cost fee of integration with the Hedera network.
•OPEN SOURCE: this option which tells a few things about Hedera Hashgraph on github.
•• LEARNING CENTER: that take user.jpg)

• Then edern ABOUT

Below are the Hedera team.
[IMG_2Click on USE CASES

IMG_20210605_233749.jpg

Screenshot_2021-06-05-23-13-33-17.jpg

Screenshot_2021-06-05-23-13-20-26.jpg

Has the following options;

•PAYMENTS: this option has potentials to reduce cost and unlock new revenue.
••TOKENIZED ASSEpg)
Screenshot_2021-06-05-23-24-40-31.jpg

• Here are the Hedera team seen when you click on TEAM,Screenshot_2021-06-05-23-24-40-31.jpg

CONCLUSIONreceived_456997168738482.webpHashgraph is really special but is not well known as such it really require a savvy person to be able to perform transaction on it. And Hashgraph has an important Consensus called gossip protocol that make transaction validate very fast and to send information between network members. As such, Hashgraph should be adopted by some countries so as to use it in elections because it will prevent manipulation of votes.

Thank you for reading through

Cc; @pelon53.

</ISSIONED BLOCKCHAIN: allows users to Create private ledger with public trust.

HBAR

IMG_20210605_234742.jpg

This is the native token(HBAR) of Hedera Hashgraph and HBAR has its value to be 0.2241USD and ranking 53rd position by market capitalization, as at the time of writing this article.

The HBAR section has these options;
•OVERVIEW- that give users details about the cryptocurrency
••ACCOUNT CREATION- and this section allow users to create new Hedera mainnet account.
•WALLETS & EXCHANGES- this section tells users the available wallets and exchanges that supports the HBAR cryptocurrency.

• Click on GOVERNING COUNCIL

IMG_20210605_234930.jpg

Screenshot_2021-06-05-23-18-12-68.jpg
Screenshot_2021-06-05-23-18-41-29.jpg
Screenshot_2021-06-05-23-18-48-98.jpg)

• Then click on ABOUT
IMG_20210605_235221.jpgScreenshot_2021-06-05-23-21-53-14.jpg
This section on Hedera Hashgraph shows sub-sections like; Team, Journey, Roadmap, User Group, Careers, Media, Press, News, Blog and Papers. Each of these options gives user more information about Hedera Hashgraph technology.

• Then click on ABOUT
IMG_20210605_235221.jpgScreenshot_2021-06-05-23-21-53-14.jpgScreenshot_2021-06-05-23-24-14-88.jpgScreenshot_2021-06-05-23-24-23-89.jpg
Screenshot_2021-06-05-23-24-40-31.jpg

•Here are the Hedera team seen when you click onon TEAM,


Comments 1


Gracias por participar en Steemit Crypto Academy:

Para llegar al consenso se requeire de 2/3 de los nodos válidos.

Algunos miembros pueden tratar maliciosamente de detener ese consenso independientemente del número de miembros que planean cosas que podrían afectar negativamente al Consenso al retrasar la transacción.

Se puede complementar un poco más el protocolo Gossip.

Las comparaciones se hicieron, pero no vi la comparación de costo.

Espero seguir leyendo tus publicaciones.

Escala de Estimación. Puntaje. Observación
Protocolo Gossip. 1.5 Puede mejorar.
Tolerancia a Fallas Bizantinas. 1.4 Puede mejorar su contenido.
Hashgraph Vs Blockchain (proceso de votación). 1.6 Se hizo la comparación y se llegó a un consenso.
Explore Hedera Hashgraph. 2.0 Se exploró la plataforma.
Originalidad 1.0 Es original.
Presentación/cumplimiento de reglas. 1.0 Cumplió con las reglas.

Calificación: 8.5

06.06.2021 19:53
0