Video: How Hedera Hashgraph is building “distributed consensus at scale”
Smarts from Blockchain Gamer Connects San Francisco 2018
At Blockchain Gamer Connects San Francisco 2018, Christian Hasker from Hedera Hashgraph spoke about the company’s approach to creating its own high speed blockchain protocol for developers to use.
Labelling Bitcoin as blockchain 1.0 and Ethereum as blockchain 3.0, Hasker positioned Hedera Hashgraph as blockchain 4.0.
This is because that while its Asynchronous Byzantine Fault Tolerant distributed consensus system is by designed more centralized than say Bitcoin and Ethereum, it’s also faster and more flexible than both because it doesn’t use compute intensive proof-of-work, amongst other features.
“This is distributed consensus at scale: it’s secure and incredibly fast,” Hasker said, stating its testnet could handle 100,000 transactions per second per shard.
Open for all
Another interesting approach is the Hedera Hashgraph can’t be forked, doesn’t require a licence to use, and it can be deployed in either public or private modes.
In terms of the project’s status, the company is currently raising funds from investors, and hopes to make its developer-focused platform available over the coming months. There are no plans for a public ICO but tokens will be distributed to registered developers.
One high profile customer already announced is Satori, the AI mesh offshoot from mobile game developer MZ.
You can find out more details about Hedera Hashgraph from its website. It’s also holding a developers conference in Dallas, Texas from 15-17 October.