Cryptocurrency Q&A
What is Hedera backed by?
What is Hedera backed by?
Lucia
Thu May 16 2024
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7 answers
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I'm curious, could you please elaborate on the backing behind Hedera? I've heard it's a distributed ledger technology platform, but I'm not quite clear about what exactly backs its reliability and credibility. Is it the power of its innovative technology? Or perhaps it's supported by a consortium of powerful organizations? I'm also interested to know if Hedera has any form of regulatory approval or endorsement from any governing bodies. Could you shed some light on these matters for me?
7 answers
Davide
Sat May 18 2024
This consensus algorithm works by leveraging a unique combination of asynchrony and byzantine fault tolerance. Asynchrony allows nodes to operate independently without strict timing requirements, while byzantine fault tolerance guards against arbitrary failures and attacks.
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ZenMindful
Sat May 18 2024
The asynchronous nature of the algorithm enables Hedera Hashgraph to scale efficiently and handle high volumes of transactions. Nodes can process and validate transactions independently, without waiting for synchronization or central coordination.
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NebulaPulse
Sat May 18 2024
Hedera Hashgraph, a leading distributed ledger technology, relies on a sophisticated algorithm for its security. This algorithm, known as asynchronous byzantine fault-tolerant consensus, ensures the integrity and resilience of the platform.
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emma_grayson_journalist
Sat May 18 2024
The byzantine fault-tolerant aspect of the consensus mechanism ensures that the network remains secure even when a significant portion of nodes are compromised or malfunctioning. It prevents attackers from manipulating the ledger or disrupting the validation process.
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Chloe_carter_model
Sat May 18 2024
Asynchronous byzantine fault-tolerant consensus is a mechanism that allows Hedera Hashgraph to operate securely even in the presence of malicious actors or faulty nodes. It ensures that transactions are validated and recorded accurately.
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