Cryptocurrency Q&A
Which blockchain is Hedera on?
Which blockchain is Hedera on?
Valentina
Tue Jul 02 2024
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5 answers
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As a cryptocurrency enthusiast, I'm often curious about the underlying technology that powers various digital assets. One such project that piques my interest is Hedera Hashgraph. However, I'm still unclear about the specific blockchain it utilizes. Could you please clarify which blockchain Hedera Hashgraph is built on? Does it utilize its own proprietary consensus mechanism, or is it based on an existing blockchain platform like Ethereum or Bitcoin? Understanding the technological foundations of such projects is crucial for making informed investment decisions in the rapidly evolving cryptocurrency landscape.
5 answers
CryptoPioneer
Thu Jul 04 2024
Hashgraph utilizes a directed acyclic graph structure, which enables it to handle transactions in a manner that is both faster and more dependable.
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Ilaria
Thu Jul 04 2024
This structure differs significantly from the block-based design of blockchain, providing Hedera with distinct advantages in terms of scalability and efficiency.
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SamuraiWarrior
Thu Jul 04 2024
At the core of Hedera's operation lies its gossip protocol, a communication mechanism designed to disseminate information swiftly among its network nodes.
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Silvia
Thu Jul 04 2024
The gossip protocol ensures that all nodes within the Hedera network are kept up to date with the latest transactional data, enhancing the overall security and integrity of the system.
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BusanBeautyBloomingStarShine
Thu Jul 04 2024
The Hedera network stands apart from traditional blockchain technology by employing a unique approach known as Hashgraph.
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