Hashgraph vs blockchain is quite a popular debate these days. Hashgraph and blockchain technologies are somewhat similar. Thus, it only makes sense to compare them. If you know a little bit about blockchain, you will know that it evolves every year at a very rapid pace. Hashgraph is a distributed ledger technology that is a competitor of blockchain. Read More https://www.temok.com/blog/hashgraph-vs-blockchain/

1. Hashgraph vs blockchain is quite a popular debate these days. Hashgraph and
blockchain technologies are somewhat similar. Thus, it only makes sense to
compare them. If you know a little bit about blockchain, you will know that it
evolves every year at a very rapid pace. Hashgraph is a distributed ledger
technology that is a competitor of blockchain. The management of hashgraph
David Max
Posted on January 26, 2022 8 min read
•
Hashgraph Vs Blockchain: A Quick
Comparison with Pros & Cons
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2. claims it to be more reliable, safe, and fair. The following reading contains a
good comparison and answers many questions on the hashgraph vs blockchain
debate.
Hashgraph Vs Blockchain: Quick Comparison
Factors Block Chain Hashgraph
Programming Combination of Lisp and Java
Table of Contents
1. Hashgraph Vs Blockchain: Quick Comparison
2. What is a Hashgraph?
3. Advantages and Disadvantages of Hashgraph
3.1. Advantages
3.1.1.Efficient
3.1.2.Security
3.1.3.Speed
3.1.4.Less investment
3.2. Disadvantages
3.2.1.Lack of decentralization
3.2.2.Patented technology
3.2.3.No mining
4. What is BlockChain?
5. Advantages and disadvantages of Blockchain
5.1. Advantages
5.1.1.Decentralization
5.1.2.Network distribution
5.1.3.Low cost
5.2. Disadvantages
5.2.1.Inefficient
5.2.2.High initial cost
5.2.3.Storage capacity
5.2.4.Unemployment
6. Blockchain VS Hashgraph: Best Use Cases
7. Is Hashgraph the future?
8. Blockchain VS Hashgraph: Who is the winner?
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3. Language used different languages such
as C++
Efficiency Less efficient than
Hashgraph
100% efficient
Security
Mechanism
Cryptographic Hashing ABF tolerance ABF*
Asynchronous Byzantine
Fault
Speed Medium
Speed (Blockchain can
do 200 to 10,000
transactions per second)
Very Fast speed (Hashgraph
has capacity to do 500,000
plus transactions per second)
Fairness Moderately fair Most fair available in the
the market
Accessibility Public, private and
hybrid accessibility is
available
Private accessibility but can go
public if its hedera hashgraph
What is a Hashgraph?

4. Hadera Hashgraph? The most common question that we get. Hashgraph is a
platform that offers a consensus approach. It isn’t a complete system and,
specifically, a distributed ledger technology with structured algorithms. The
platform is designed to provide its consumer with a fair, secure, and fast
network facility. Primarily it can be counted under blockchain alternatives. Let’s
learn all about Hashgraph vs block chain below.
Advantages and Disadvantages of Hashgraph
Advantages

5. Efficient
Hashgraph is known for its low energy consumption. The biggest advantage of
this distributed ledger is that it gives it an edge over others. The storage
required at hashgraph to maintain the live ledger would use less than 1 GB.
Furthermore, The transaction record that you make gets deleted eventually.
Thus, artificial intelligence works better with this distributed ledger technology.
As you start using it, you will also notice that a transaction is available within
minutes, and you will save a lot of time at hashgraph.
Security
Hashgraph has a secure security method installed in it. It uses Byzantine Fault
Tolerance (BFT). This prevents the network from bad actors; as a result, all the
events are recorded correctly. The best part about it is that even if there is
some malware and malicious presence in the system, it won’t let the data be
tempered. Thus, this increases the reliability of the hashgraph a lot.

6. Speed
Hashgraph uses the gossip method to increase its speed. As the events start to
take place, less information gets spread. The gossip method does not allow a
lot of information to be propagated across the network from one place to
another. Thus, keeping the information in one place most of the time helps big
time in doing the work at a rapid pace.
Less investment
Hedera Hashgraph’s charges are surprisingly quite low and start from $0.0001,
contingent upon precisely how you want to get treated the framework.
However, the expenses are immaterial and a long way from the $15+ that
famous blockchains charge per exchange. Thus, there may be fewer expenses
for the user than the blockchain.
Disadvantages

7. Lack of decentralization
There is no decentralization in the hashgraph. Hashgraph has a centralized
placing-at-one place system, making it annoying to use. Though now, the
technology claims that it is being decentralized with time. The Hashgraph
management says that even today, it is not centralized fully. However, the
evidence has shown that mostly hashgraph is still centralized with few
enterprises involved in the process.
Patented technology
Hashgraph technology is currently patented. Patents have protected it up until
now. The patent was a designed tool to inhibit forking. The inhibitory forking is
directly associated with preventing instability and loss of the network. Since not
all p[atented technology has a financial value, it should be noted that this is why
hashgraph being patent may become a liability for its users. Thus, the user may
switch to non-patent technology to make the whole process easier for
themselves.
No mining
Bitcoins require heavy mining. On the other hand, a hashgraph requires no ming
at all. The user may not be able to mine it. Thus, the only option they are left
with is to buy it. The hashgraph management plans to introduce proof of stake
and mining procedures in the market. However, not much has been done yet,
making it somewhat uncomfortable to use for the users.
What is BlockChain?

8. Blockchain is a process for recording data that makes it troublesome or difficult
to change, hack, or cheat the framework. A blockchain is an advanced record of
exchanges that are copied and dispersed across the whole organization of PC
frameworks on the blockchain. Each square in the chain contains various
exchanges, and each time another exchange happens on the blockchain, a
record of that exchange is added to each member’s record. The decentralized
information base oversaw by numerous members is known as Distributed
Ledger Technology (DLT). Blockchain is a DLT where exchanges are recorded
with a changeless cryptographic mark called a hash.
This implies on the off chance that one square in one chain was transformed, it
would be promptly obvious it had been altered. To ruin a blockchain framework,
they would need to change each square in the chain across every one of the
appropriated renditions of the chain. Blockchains, for example, Bitcoin and

9. Ethereum, are continually and persistently developing as squares are being
added to the chain, which essentially adds to the security of the record. Thus, Is
blockchain the future? This is the elephant of the room these days. Let’s learn
the answer to this question now and become a blockchain engineer today.
Advantages and disadvantages of Blockchain
Advantages
Decentralization
Decentralization is the biggest advantage that Blockchain has over its
competitors. When we talk about blockchain being decentralized, it does not
require any intermediaries. Once the transaction takes place due to no hindrance
and involvement of third parties, the process becomes much smoother,
reducing its transaction validation times.

10. Network distribution
Blockchain has a properly distributed network. That means it does not belong to
one place or one individual. Rather you can have multiple copies of the same
thing every time and any time you want the relevant information. Also, this
characteristic makes it resistant and resilient to any type of failure since a node
fails does not imply generalized failures in the network. Similarly, there is one
more thing to note here. Since the network distribution is authentic and
stronger, it makes it the platform practically with no errors. Malware and
malicious information within the blockchain cannot exist and becomes
impossible to be present at the blockchain.
Low cost
As there is no intermediary system at blockchain, it makes it convenient for the
users to have a person-to-person transaction. Since no intermediary cost is
involved, the blockchain is cheaper than its competitors.
Disadvantages

11. Inefficient
The block approach of the blockchain makes it harder and difficult for the users
to use it. As two blocks can be mined together, in that case, the miner would
have to make a choice. The miner will work at one block, leaving the other. One
of them gets discarded, resulting in a less efficient network. The lack of
efficiency of blockchain would make it difficult for the user to work on it. Thus,
the miner may lookout for blockchain alternatives
High initial cost
As a user, you may find blockchain cheap. It has no intermediary cost and no
centralization process, making it cheap for the customer. However, big
companies have to pay handsome costs to install it. Thus, it is still not
accessible to many of its potential users. The capital expenditure discourages
big companies from using blockchain, and they look out for the competitors
who do not have high initial investments.

12. Storage capacity
Blockchain does not have a very efficient and up-to-date storage system. Here
the hashgraph vs blockchain debate becomes highly active. As the users grow,
the number of transactions and operations will also grow. This, in return,
requires a space in the miner’s computer. Blockchain needs to recognize this
need and work on its storage capacity. The lack of good storage capacity
makes people choose hashgraph over the blockchain.
Unemployment
As blockchain is adopted widely, many companies and people will choose it.
Since it has no intermediaries involved, it would leave the employees who work
in this sector jobless. As it grows wider, the role of intermediaries becomes
questionable. Thus, making the whole sector obsolete. It can be a big drawback
for the economy blockchain will operate in.
Blockchain VS Hashgraph: Best Use Cases

13. Is Hashgraph the future?
We often get this question if hashgraph will dominate the market or not. Well,
the answer is flaccid yes. In our opinion, hashgraph is the ultimate future in
cryptocurrency. But why do we say this? Well, hashgraph is a new emergent
technology with equipped features. It uses a vast programming language like
Java. It is more readily accessible.
Furthermore, it is 100 per cent efficient and provides immense efficiency of
work. The speed at which hashgraph conduct transactions is phenomenal. It can
do up to 500,000 transactions per second. Thus, we can only imagine how
beneficial it would be for the crypto world. A more fair technology with more
secure and reliable features would always be the best blockchain alternative.
Nevertheless, to say, it is the future of the crypto world.
Blockchain VS Hashgraph: Who is the winner?

14. To conclude, we can say that hashgraph has a lot of benefits. It is efficient, and
it has high speed and low operating costs. It can be a perfect platform for the
user. However, it may be advanced, and you may have to buy a patent before
using it. Furthermore, you need to keep in mind that there isn’t much room for
mining at hashgraph. This is a big disadvantage that makes it difficult for many
users to work on it.
On the other hand, it would be low in cost and decentralized if you use
blockchain. The nature of blockchain, its technological advancement, and its
quick way of transaction may make it the first choice for the user. However, it
may have storage issues, and if you are a big company, you may have to incur
heavy expenses to buy it.
Both of these DLT’s have their disadvantages and advantages. To better
understand the hashgraph vs blockchain debate and choose from the two, one

15. should understand their own needs and priorities. If the work needs to speed,
one should invest the time and money in a hashgraph. While on the other hand, if
an individual chooses to have a better distribution network, they should go for
blockchain. We strongly recommend understanding your choice and operating
accordingly.
People also love to pay online payments securely with the help of Blockchain
technology and buy domain names, shared hosting to managed cloud and
dedicated servers using Bitcoin from well-reputed web hosting providers such
as Temok.
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David Max • January 26, 2022
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