{"id":3616,"date":"2018-06-13T10:53:59","date_gmt":"2018-06-13T10:53:59","guid":{"rendered":"https:\/\/101blockchains.com\/?p=3616"},"modified":"2022-08-15T14:10:18","modified_gmt":"2022-08-15T18:10:18","slug":"blockchain-vs-hashgraph","status":"publish","type":"post","link":"https:\/\/101blockchains.com\/blockchain-vs-hashgraph\/","title":{"rendered":"Blockchain vs Hashgraph: A Detailed Guide"},"content":{"rendered":"

The tech world has been buzzed with blockchains and cryptocurrency<\/a> in the past 10 years. While some people are seeing the future in the blockchain, some are showing the world that there might be more. There are a number of flaws with the blockchain technology<\/a>. For example the power consumption and a limited number of transactions per second and so on. Well, when people got to know the newly invented technology \u2013 Hashgraph<\/a>, they started questioning the future of blockchain. So, let\u2019s get our debate started on blockchain vs Hashgraph.<\/p>\n

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Blockchain vs Hashgraph: The Flaws of the Blockchain Technology<\/h2>\n

\"Hashgraph <\/picture><\/p>\n

People are saying that Hashgraph might make the blockchain technology obsolete. But how? Isn\u2019t blockchain the latest generation technology that would eradicate the rule of the evil corporations? Well, yes, but even the moon has scars! Blockchain has also some negative points. Like,<\/p>\n

Power Hungry<\/h3>\n

The first and foremost design flaw blockchain is it requires a huge amount of power. The consensus algorithms<\/a> like Proof-of-Work (PoW)<\/a> or Proof-of-Stake (PoS)<\/a> requires lots of computational powers to run. Nowadays, you will need warehouses full of mining processors and electricity bill skyrockets. Common average users cannot mine coins anymore using their home PC.<\/p>\n

Slower<\/h3>\n

We all know the mining process is very slow. As well as the overall transaction process is also slow as a snail. Bitcoin<\/a> can only handle 7 transactions per second. It takes 6-7 hours to transact Bitcoin to someone. Although there are faster blockchains than the grandpa Bitcoin still it\u2019s not the fastest way possible.<\/p>\n

Unfair?<\/h3>\n

If you are a miner, you can choose the transaction order as you please. So, the miners can delay a transaction as they have the power to do it? But, is it fair? The miners can even stop a block to join the chain or the ledger.<\/p>\n

Older Already!<\/h3>\n

While other technologies emerging from scratches, blockchain could be considered a bit old compared to these latest techs. Yes, blockchain made the idea even possible to think. But then again, the young will always devour the old!<\/p>\n

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What is Hashgraph?<\/h3>\n

So, what is Hashgraph<\/a>? My apologies for keeping it secret till now. Hashgraph is sort of like the blockchain technology but better. It also a consensus-based decentralized digital ledger just like a blockchain. So, how is it different? Well, the core difference is in the mechanism. A Hashgraph adopts two technologies of the computer science. They are \u2013<\/p>\n