Hashgraph MarketSize and Trends

Market- Trends

Hashgraph is an advanced type of distributed ledger technology developed by Swirlds, a US-based company. The key features of hashgraph algorithm includes fast, secure and fairness of access. Hashgraph is a data structure and distributed algorithm that reduces the requirement of major computation power and massive energy consumption. Moreover, hashgraph is expected to eliminate Ripple in banking and finance application. It can carry out functions faster than blockchain, and takes only a second for hundreds of thousands of transactions. These factors are expected to provide major growth opportunity to decentralized applications including games, stock market, and auctions.

Most applications that require thousands of transactions per second require community agreement on the order of transactions in near real time. For example, Google Apps for Work includes docs, sheets, and slides that can be offered without requiring users to trust Google, or a distributed eBay that does not require a server to enforce the auction rules, to improve system security. This feature is attributed to fuel the growth opportunity of global hashgraph market.

The main objective of hashgraph is to generate trust among user by providing advanced security solutions for online transactions. The hashgraph algorithm achieves this by virtue of its features such as being fast, fair, providing Asynchronous Byzantine Fault Tolerance (aBFT), efficient, ACID compliant, inexpensive, DoS resistant, time stamped, and optionally non-permissioned. These features are attributed to broader range of applications of hashgraph, which includes distributed capital markets, distributed auctions, cryptocurrency with native micropayments, improved collaboration apps, and distributed gaming.